Word: supermarketer
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QUOTE OF NOTE: "[The new farm legislation] was an intense time of educating the 'agricultural know-nothings' in Congress, particularly those from the northeast who think food comes from their corner supermarket...
BORN: Dec. 25, 1938, Titusville EDUCATION: Titusville High School, 1956 FAMILY: Wife, Saundra; one child RELIGION: Methodist MILITARY: Army Reserve, 1958-64 OCCUPATION: Supermarket owner POLITICAL CAREER: Pleasantville Borough Council, 1969-77; Pennsylvania House, 1977-85; Pennsylvania Senate, 1985- ADDRESS: P.O. Box 295, Pleasantville...
Despite sales of $2.1 billion and 12 companies in 20 countries, Beatrice remains largely unknown to American consumers. It is the leading seller of potato chips in Ireland and a top vendor of ice cream in Spain. Beatrice also owns the largest supermarket chain in Paris. Its problem is that while profitable, the company has to devote a large chunk of its cash flow to covering its debt. In the meantime, bigger and badder global competitors, including Nestle and Unilever, are moving in for the kill...
...also a company with no operations in America, although Lewis hopes that will change. She sees global expansion as the path to new growth, especially for the company's Franprix and Leader Price supermarket businesses. With 420 stores in the Paris area, Franprix is one of the largest grocers in France. Lewis is betting the house, however, on the leader price discount chain, which sells merchandise for 30% to 40% less than the competition and is growing by 50 to 60 outlets a year. Beatrice plans to have 500 leader price stores open by 2001, perhaps several...
...expects Archer-Daniels- Midland to change its advertising slogan from "Supermarket to the World" to "Price Fixer to the World." But that sobriquet would fit in the wake of the agribusiness giant's $100 million plea bargain last week with the Justice Department...