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Kroger thinks green with reusable bag design contest

BY Allison Cerra

CINCINNATI In line with its sustainability efforts, Kroger is launching its annual online contest for customers to design a reusable shopping bag.

Beginning April 12 and running through May 21, customers can go online at Kroger.com/green to submit their designs for Kroger’s reusable grocery bags. The winning designer will receive a $1,000 gift card and a chance to see their bag design sold in Kroger stores. In addition to the winner of the contest, four finalists will be awarded a $250 Kroger gift card and five runners-up will receive a $100 Kroger gift card.

During the contest, anyone who designs a bag and has a valid shopper card will receive an electronic coupon for a free reusable bag (99  cent value) loaded directly to their card, where applicable. Kroger also has partnered with Cafe Press so would-be designers can purchase a reusable bag with their own design on it.

“By using more reusable shopping bags and engaging in more efficient bagging techniques, Kroger customers and associates diverted nearly 200 million plastic bags from local landfills –– about 20% toward our goal of saving 1 billion plastic bags,” said Lynn Marmer, group VP corporate affairs for Kroger. “The Design a Reusable Shopping Bag Contest is a fun, creative way to encourage our customers to use fewer plastic bags.”

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Supervalu amends, extends revolving credit facility

BY Michael Johnsen

MINNEAPOLIS Supervalu on Monday announced the successful completion of its previously announced plan to amend and extend the revolving credit facility and a portion of its term facility under its secured credit agreement.

Pamela Knous, Supervalu CFO, stated, “Completing this amendment and reducing total debt in the past fiscal year by approximately $850 million, which exceeded our goal of $700 million, represent important milestones toward ensuring our future liquidity.”

The amended credit facility is comprised of the following extended tranches with updated pricing — $1.5 billion of revolving credit expiring April 5, 2015 and $500 million of term loan B maturing Oct. 5, 2015.

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Peter Ciano named Tris Pharma’s VP corporate development

BY Allison Cerra

MONMOUTH JUNCTION, N.J. A specialty pharmaceutical company that develops innovative drug delivery technologies has appointed a new VP corporate development.

Tris Pharma said Peter Ciano, who currently is a business development consultant for the company, now will lead and manage Tris’ lead all commercial efforts including business development, licensing, identifying growth opportunities and deal executions for its brand side of the business.

“As our technology gains wider acceptance for both Rx and OTC branded businesses, we are increasingly faced with the need for intelligent pursuit of the products and opportunities. Peter’s solid analytical approach coupled with his deep understanding of pharmaceutical marketer’s needs and health care provider’s requirement for reimbursement makes him uniquely qualified to guide and lead Tris in this position,” said Ketan Mehta, founder and CEO of Tris Pharma.

Prior to joining Tris, Ciano worked at Kos Pharmaceuticals (prior to its acquisition by Abbott) for nearly six years, including two years as its executive director of corporate development and business planning.

Most recently, Tris had announced FDA had approval two NDAs including first-ever 24-hour ER suspension. Tris has an active portfolio of more than 20 OTC and Rx products based on its proprietary technology.

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