USA: Two former Kmart execs charged with fraud
A yearlong federal investigation into bankrupt US retailer Kmart has led to two former executives being charged with a US$42m accountancy fraud. Enio Montini, a former senior vice president and general merchandising manager, and Joseph Hofmeister, a former divisional vice president of merchandising, were accused of making false statements to the Securities and Exchange Commission and lying about the company's earnings. A statement was issued on their behalf, calling the charges "wrong and unjust".
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Price an underlying tension across European FMCG
- Analysis: Tyson's shrewd investment in Beyond Meat
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Metropoulos invests in Utz Quality Foods
- Abbott sees international nutrition sales fall
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review