- Albertsons Bans Vendor Gifts. Published reports say that Albertsons has changed its corporate policy to ban its employees from accepting gifts from vendors.
In a letter to vendors, the company said it was making the move as part of an overall ethics-oriented approach “in the spirit of ensuring that Albertsons' associates always demonstrate an unwavering commitment to integrity and compliance,” not because of infractions that may have concerned management.
- Cadbury Buys Adams From Pfizer. Cadbury Schweppes has agreed to buy chewing company Adams from Pfizer for $4.2 billion (US), including $3.75 billion in cash and what is described as $450,000 in tax benefits.
Cadbury now will own brands that include Halls, Trident, Dentyne, Clorets, Chiclets and Certs, and will be the second largest chewing gum company with a 27% market share.
- Auchan Opens Second Moscow Store. On the heels of the report that Wal-Mart has been visiting with potential strategic partners in Russia comes the news that French retailer Auchan has opened its second store there. Its first store there opened last month.
- KC's View:
On the Albertsons story, d'ya think there is any chance that "slotting allowances" and "promotion dollars" might be defined as "gifts"?
They are...but for purposes of this discussion, they're probably not.