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Retail

Campbell completes 550M sale of European business

According to the announcement, Campbell announced earlier this month it had signed a definitive agreement for the sale of its national brands of soups, sauces and simple meals in several European nations. The transaction also includes four plants located in Belgium, France, Germany and Sweden. The agreement does not include Campbell’s recently-acquired Kelsen Group, which ...

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Pay it forward At Heartland, foresight on bill processing

Heartland is forming partnerships with companies specializing in this space. This month, it teamed with Austin, Texas-based Tabbedout, the maker of a mobile application that allows consumers to open and pay bar and restaurant tabs from their smartphones. The app is intended to do away with the exchange of physical checks and credit cards that ...

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EDA renews calls to businesses to apply for Sandy aid

But in doing so, it also urged more businesses to apply for the grants, especially as the application deadline has been pushed from Oct. 31 to the end of the year. Since May, when the program came online, 102 businesses have received grants totaling more than $5 million, and additional aid is still available, according ...

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Survey Retail vacancy improving, but slowly

Paramus-based The Goldstein Group said the region’s retail vacancy rate dropped to 7.2 percent at midyear — the survey is through June 30 — a 0.6 percent improvement from year end 2012. It marks the lowest total since early 2009. Goldstein Group President Chuck Lanyard said the latest data show steady improvement in New Jersey ...

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A different cut Jersey City steakhouse aims to attract female diners

“Let’s be honest, women love steak, so why should steakhouses all be cigars and whiskey?” said George Makrogiannis, the 28-year-old proprietor of Liberty Prime. “What we’re trying to push is female-friendly, not female-exclusive,” he said. “We gave a nice, sexy touch to the place.” So Makrogiannis, who comes from a family of restaurateurs, largely steered ...

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CCA appoints new CEO

According to the announcement, the loss of the company’s former chief executive, Dunnan Edell, earlier this year caused it to operate without a full-time CEO during the last eight months. Kornhauser, 58 years old, has more than 30 years of experience.

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J&J announces dividend

According to the announcement, the company has declared a cash dividend of 66 cents per share on the company’s common stock. The dividend is payable Dec. 10 to shareholders of record at the close of business Nov. 26. The news follows the company’s acquisition of Aragon Pharmaceuticals in August.

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Illva Saronno announces its own U.S. import company

According to the announcement, Illva Saronno USA will be the reference point for the sales and marketing of Disaronno in the United States as of Jan. 1, following the natural expiration of the contractual relationship with current importer Bacardi U.S.A. Inc. in December. A company representative said Illva Saronno USA will use Wester Carriers, in ...

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Toys R Us appoints CEO, hires president

According to the announcement, Antonio Urcelay has been named chief executive officer, effective immediately. He had served as interim chief executive since May 2013. In addition, Hank Mullany has been named president, and will officially assume the role Nov. 5.Urcelay, 61 years old, began working at the company in 1996. Recently, as interim chief executive, ...

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