Morrisons selects Maz Ahmed as Managing Director for Convenience and Wholesale. The UK supermarket has promoted the Group Commercial Finance Director to oversee expansion of franchised Morrisons Daily stores and improve performance of company-owned convenience shops. He succeeds Matthew Heslop who departed in February.
Health Wave Partners acquires Alamar Senior Living to expand US senior housing portfolio. Private equity firm Health Wave Partners has acquired Alamar Senior Living, a 134-unit assisted living and memory care community. The deal strengthens its position in premium senior housing, following recent upgrades to the property.
Ryanair posts profit drop as Middle East conflict impacts fares and fuel costs. The budget airline reported €538m profit after tax for Q2, down 34% year-on-year, as average fares fell 6% and operating costs rose 11%. The airline has not issued full-year guidance, citing late bookings and ongoing fuel price volatility.
CMA delays decision on Welltower’s proposed remedies for major UK care home acquisition. Welltower is awaiting the CMA’s verdict on its offer to divest some UK care homes after acquiring over 600 sites. The regulator has delayed the decision and is assessing if the remedies address competition concerns in the care provider sector.
John Lewis partners with RIXO for largest fashion collaboration, debuting exclusive archive-inspired collection. John Lewis will launch the collaboration with RIXO across all stores from 22 October. The exclusive collection aims to boost premium fashion sales, featuring archive-inspired prints and new product lines.
John B. Sanfilippo & Son names Jasper Sanfilippo Jr. as Chief Executive Officer. The US snacks company has appointed Jasper to the role effective 1 October, succeeding his brother Jeffrey who will become executive chair. Frank Pellegrino has also been promoted to President and CFO as part of a planned succession process.
Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.
