Just Born promotes Petronio to EVP and COO positions
BETHLEHEM, Pa. Just Born’s vice president of customer and brand development has been promoted to executive vice president and chief operating officer, the company announced Tuesday.
Matt Petronio, who has been an employee of Just Born for the past five years, acquired his position after the company’s current president and chief operating officer, Samuel Torrence, announced his retirement the same day. Torrence is said to keep is position as president until his departure in June 2008.
In addition to working at Just Born, Petronio has served in various management positions at Procter and Gamble, M&M/Mars, and Farmland Dairies.
“Matt and his team have significantly improved our Brand’s performance in the market and strengthened our relationship with our customers and consumers,” said co-chief executive officer Ross Born of the decision. “We are confident he will build upon the momentum already achieved.”
Just Born, a privately owned confectionery, develops sweets like PEEPS Marshmallow Candies and PEANUT CHEWS, and associates and markets its candy in over 50 countries.
Whole Foods announces price drops, new focus for its recently acquired Wild Oats stores
AUSTIN, Texas In an effort to win over Wild Oats Markets shoppers in the wake of a contentious acquisition process that included a government challenge, Whole Foods Market announced its plans for the Rocky Mountain region, including a permanent cut in prices and a focus on shoppers in a hurry, Reuters reported.
Following a court decision at the beginning of the week that effectively ended the Federal Trade Commission’s challenge of the $565 million deal, Austin, Texas-based Whole Foods is making an effort to show Wild Oats shoppers that, far from the government’s claims, the deal would lead to lower prices and improved stores.
The first full-service Wild Oats store, located in Boulder, Colo., will be the experimental base for Whole Foods Market Express. Whole foods has also said that it will cut prices at all 23 Wild Oats locations in the region—including Colorado, New Mexico, Kansas, Utah, Idaho and Kansas City, Mo.—and offer a 10-percent-off weekend.
While Wild Oats had already closed some of its underperforming locations, Whole Foods said to expect more. In addition, the company will be selling off Wild Oats’ 35 Henry’s and Sun Harvest stores and a distribution center to Smart & Final, located in Los Angeles, according to Reuters.
Coca-Cola Co. enters Glaceau distribution agreement with Coca-Cola Enterprises
ATLANTA The Coca-Cola Co. on Thursday announced that it has entered an into a distribution agreement with its bottling partner, Coca-Cola Enterprises, and Glaceau distributors for its newly acquired Glaceau brands smartwater, vitaminwawter and vitaminenergy.
Beginning November 5, CCE will carry all major packages’ sizes and flavors for the brands in the most U.S. territories and channels. Several current Glaceau distributors, including Big Geyser in New York City and Haralambos in Los Angeles County, also will continue distribution of the brands in their respective territories. In such channels as foodservice customers, club and natural food stores, distribution of the Glaceau portfolio will be manages directly by the Coca-Cola North America Glaceau unit.
CCE will work with Coca-Cola North America and Glaceau over the next 60 days to ensure a smooth distribution transition. The impact of the Glaceau acquisition on 2007 results is not expected to be significant.