The Pantry
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US convenience store chain The Pantry has named ex-Harris Teeter chairman and CEO Thomas Dickson as chairman of its board of directors.
Tesco this week outlined plans for a fresh offensive to try to revitalise UK sales. Meanwhile, The Co-operative Group, which has faced its own issues in recent months, announced it was considering the sale of its farm business as CEO Euan Sutherland looks to reshape the mutual. In the US, PepsiCo once again reiterated it is not keen on splitting the company in two, while Hershey, Mars and Nestle breathed a sigh of relief after the price-fixing case it was tied up in was kicked out of court. Here is the week in quotes.
A group of shareholders in The Pantry, led by funds JCP Investment Management and Lone Start Value Management, have publicly criticised the "prolonged under-performance" at the US convenience retailer.
Impairment charges, debt costs and lower fuel prices have pushed up full-year losses at US convenience chain The Pantry.
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