Colgate-Palmolive receives Hispanic Dental Association award
NEW YORK — The Colgate-Palmolive Co. was recently honored by the Hispanic Dental Association (HDA) with the organization’s Corporate Legacy Award. The award was given at the HDA’s annual conference in San Antonio, Texas for its contributions to educating and supporting Latinos through community efforts and advocacy.
“When the H.D.A. was forming in 1990, Colgate was our first corporate supporter and has been a steadfast partner over the past 25 years,” David Pena, CEO and executive director of the HDA, said. “It's vital to have support from a company such as Colgate to bring more Latinos into the profession, to educate families and to be on the ground in our communities providing dental care where it's most needed. Colgate truly walks the walk.”
The HDA pointed to two initiatives that Colgate-Palmolive undertakes that have an impact on the Hispanic community — Colgate’s “Bright Smiles, Bright Future” program and its annual Oral Health Month bilingual awareness campaign. In its 25 years, the “Bright Smiles, Bright Futures” initiative has reached 10 million children annually through a classroom curriculum and a van that provides children with free dental screenings, the company said. Oral health Month is typically in June and targets bilingual media channels.
“Colgate believes in the HDA’s mission and continues to innovate new ways to educate, empower and improve the oral health of Latinos nationwide,” Colgate-Palmolive VP global oral care Dr. Marsha Butler said. “We are honored to have received the Corporate Legacy Award and strive to leave a lasting legacy of healthy smiles for future generations.”
Haggen now in bankruptcy, blames Albertsons again
NEW YORK — A week after suing Albertsons for $1 billion, west coast regional grocer Haggen has filed Chapter 11 and continues to cite Albertsons as the source of its difficulties.
Haggen said the bankruptcy filing was necessary in order to reorganize around its core profitable stores. The company said it has received commitments for up to $215 million in debtor-in-possession (DIP) financing from its existing lenders to maintain operations and the flow of merchandise to its stores while it sells some of its store locations. The company said it has engaged Sagent Advisors to market for sale an unspecified number of store locations in the five states it operates and to explore market interest for various store locations. Discussions are underway with interested parties to sell many of the company’s remaining assets, according to a Haggen statement.
“After careful consideration of all alternatives, the company concluded that a reorganization through the Chapter 11 process is the best way for Haggen to preserve value for all stakeholders,” said John Clougher, Haggen’s CEO. “The action we are taking today will allow us to continue to serve our customers and communities while providing Haggen with a process to re-align our operations to be positioned for the future.”
The filing comes roughly a week after Haggen files suit against Albertsons relating to a deal which allowed it to grow from an 18 store regional grocer to 164 stores through the purchase of Albertson’s locations in December 2014. The associated conversion process of the stores made Albertsons cooperation and good faith implementation of the terms of the deal in the Asset Purchase Agreement essential, according to Haggen. That did not occur, as detailed in Haggen’s lawsuit, details of which are available here.