Word: supermarketing
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...best-known Icelander in Britain after singer Björk. Through privately held retail and real estate company Baugur, Johannesson, 37, has snapped up the famous London toy store Hamleys, fashion chains including Karen Millen and Oasis, jeweler Goldsmiths and, last year, the Big Food Group (which owns a supermarket chain called, handily, Iceland). But now, just as he's on the verge of his biggest deal to date, a $1.7 billion takeover of Somerfield, Britain's fifth largest supermarket group, a chill wind from Johannesson's native land threatens to put a freeze on further expansion. Icelandic police this...
...militarily when appropriate. We need boldness and aggression. But we also need to steel ourselves for casualties, for failures, for mistakes along the way. Victory in this war will be elusive and never complete. As long as some maniac wants to kill himself and others in a subway or supermarket, we will not be able to stop him. And so stoicism matters. Getting on with our lives matters. Spelling bees, college football, celebrity gossip, high school proms: the simple continuance of these things is integral to the meaning of freedom...
...another case of corporate indigestion, Pantry Pride, the supermarket chain that acquired Revlon in November, last week announced that it had sold two Revlon units to Beecham Group, a British conglomerate, for $395 million. The two jettisoned Revlon divisions are Norcliff Thayer, maker of Tums antacids and other over-the-counter medications, and Reheis, a chemicals manufacturer. ENTERTAINMENT Rockin' with Uncle...
Crowd control is more of a problem than stock control at the state-run Jamahiriya supermarket in central Tripoli. Most days there are plenty of people and few goods, an elementary supply-and-demand problem that sometimes leads to fisticuffs and invariably produces squabbles. When a consignment of locally produced laundry soap reached the shelves last week, several hundred people were crowded around the doors at opening time. Once inside, they wrestled to get at the cartons and then elbowed and pushed their way to the cash registers. "I was hoping for cooking oil today," admitted...
Prosecutors said the undone deals involve a veritable supermarket of weaponry: 18 F-4 and 13 F-5 fighter aircraft, five C-130E transport planes, more than 20 helicopters and thousands of missiles. Iran spent $17 billion on U.S. military equipment under the Shah in the 1970s, and is desperate to get new supplies and parts to continue waging its 5½-year war of attrition with Iraq. It stands ready to deal with anyone who can deliver...