Corporate News

Corporate news affecting the convenience store industry

PepsiCo plans to cut costs in some operations and take a restructuring charge of up to $85 million.

PURCHASE, N.Y. -- PepsiCo plans to cut costs in some operations and take a restructuring charge of up to $85 million. As part of the plan, the company's Frito-Lay unit said it would lay off 200 to 250 employees, or 0.5% of the snack-food maker's 46,000 work force, according to a report from Reuters...

UST Inc. announced that Vincent A. Gierer Jr. plans to retire as chief executive officer at the end of 2006; that Murray S. Kessler has been named president.

GREENWICH, Conn.-- UST Inc. announced that Vincent A. Gierer Jr. plans to retire as chief executive officer at the end of 2006; that Murray S. Kessler, currently president of UST's principal operating subsidiary, U.S. Smokeless Tobacco Co. (USSTC), has been named president and chief operating...

Up 55%, 163%, respectively, in third quarter

RA'ANANA, Israel -- Retalix Ltd., a provider of integrated enterprisewide software solutions to global food and fuel retailers and U.S. grocery and convenience store distributors, has announced record quarterly operating results for the third quarter ended Sept. 30, 2005. Revenues for the quarter...

Brian Wright, managing partner of Executive Leadership Solutions Inc., said that Ben Tison has joined the company as a senior executive recruiter.
Reports strong third quarter
Konya comes to buying-services company from Core-Mark
Seven-Eleven Japan completes cash tender offer for 7-Eleven Inc.
NACS State of the Industry research efforts strengthened through deal with CSX
Refiner-marketer issues 3Q results
Mark VII hires former Kwik Trip exec Stellner

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