Starbucks Corporation to acquire remaining 60.5% share of Starbucks Coffee Japan, Ltd.

  • Starbucks to purchase remaining 60.5% share of Starbucks Japan in two-step tender offer process
  • Acquisition enables continued elevation of unique Starbucks Experience for customers and partners through coffee, store design and digital and mobile leadership
  • Starbucks to build on more than 1,000 existing stores and nearly 20 years of brand loyalty and trust

SEATTLE, 2014-9-25— /EPR Retail News/ — Starbucks Corporation (Nasdaq: SBUX) today announced that it will acquire the remaining 60.5% share of Starbucks Coffee Japan, Ltd. (Starbucks Japan) that the company currently does not own through a two-step tender offer process, further elevating Starbucks growth and innovation in its second-largest market when measured by retail store sales. The acquisition positions Starbucks to accelerate growth across multiple channels in Japan, including the potential introduction of new concepts, such as Teavana. Before the end of the first quarter of fiscal year 2015, Starbucks expects to have a controlling interest and will consolidate Starbucks Japan into the company’s results. Starbucks expects this transaction will be immediately accretive on a non-GAAP basis when excluding certain items noted later in this release.

Starbucks Japan is a joint venture between Starbucks and Sazaby League that operates Starbucks branded retail stores in Japan. Since the inception of their joint venture agreement in 1995, Starbucks and Sazaby together introduced the coffeehouse experience to Japanese customers and built one of Starbucks top-performing markets globally. Starbucks Japan’s business today is marked by strong brand recognition and deep customer loyalty built through delivering an unparalleled Starbucks Experience. Starbucks stores have been remarkably consistent performers despite ongoing macro-economic challenges in Japan.

“Nearly 20 years ago we opened the first Starbucks store outside of North America in Tokyo’s Ginza district with lines around the block,” said Howard Schultz, chairman, president and ceo of Starbucks Coffee Company. “Japan is a market we know well and care deeply about, with more than 25,000 partners serving millions of customers every week at more than 1,000 stores. Full ownership of Starbucks Japan enables us to build on the amazing foundation of customer trust and loyalty our partners have achieved by continuing to take care of our people, delivering the highest quality coffee and innovating in product, store design and the digital experience.”

“We would like to thank all of our partners in Japan who wear the green apron with pride and deliver the Starbucks Experience to our customers each and every day,” commented John Culver, group president China/ Asia Pacific, Channel Development and Emerging Brands. “Their efforts have built an admired brand and delivered the strong financial results that have made Starbucks Japan a meaningful contributor to the growth and profitability in our China/ Asia Pacific segment. We wish Sazaby the best and sincerely appreciate the operational excellence and leadership that they have contributed to Starbucks Japan’s success and the solid foundation they have helped us build for the opportunities ahead.”

Over the summer, Sazaby approached Starbucks about selling its Starbucks Japan ownership stake to Starbucks and exiting the business in a smooth and orderly manner in advance of the expiration of Starbucks Japan’s retail franchise rights. Starbucks credits Sazaby with establishing and growing Starbucks Japan’s healthy business and is excited for this next chapter in Starbucks Japan’s evolution which will leverage existing infrastructure, systems and expertise to continue disciplined retail growth and expanded presence in other channels.

“It has been an honor for Sazaby to be part of the Starbucks family for nearly two decades,” said Masatoku Mori, President and Representative Director, Sazaby. “We are deeply grateful for the opportunity we have had to introduce the Starbucks Experience and the world’s best coffee to Japan. We have full confidence that Starbucks will continue to care for our dedicated partners, loyal customers and neighboring communities with the same personalized attention and respect they’ve provided since opening our first Starbucks store in 1996.”

The first step in the two-step tender offer process begins with Sazaby tendering its shares, which will commence on September 26th. The purchase price for Sazaby’s 39.5% stake is ¥965 per share, for a total of ¥55 billion, or approximately $505.0 million with Japanese Yen converted into US Dollars at a reference conversion rate of 108.93 JPY to USD. Upon final settlement of this first tender offer step, which is anticipated to occur during the middle of Starbucks first quarter of fiscal 2015, Starbucks will own a controlling 79% interest in Starbucks Japan.

Shortly after the settlement of the first step in the tender offer and following the release of Starbucks Japan’s second quarter earnings results, Starbucks will initiate the second step for the remaining 21% ownership interest held by public shareholders and option holders of Starbucks Japan’s common stock. The tender offer purchase price for this second step is ¥1,465 per share, for a total of ¥44.5 billion, or approximately $408.5 million at the above referenced conversion rate. The public price per share of ¥1,465 represents an 11.6% premium to the 30-day average price of Starbucks Japan’s stock, a 4.7% premium to the closing price on Monday, September 22, and a 51.8% premium to the price Starbucks is paying Sazaby for its shares.

All steps of this tender offer process have been unanimously approved by the boards of directors of Starbucks, Sazaby and Starbucks Japan, and the transactions are expected to be fully completed during the first half of calendar 2015.

The consolidation of Starbucks Japan’s financial results into Starbucks financials will commence after the final settlement of the first step of the tender offer, at which time Starbucks will record the required purchase
accounting adjustments, such as the step-up in fair value of Starbucks existing ownership interest in Starbucks Japan, as well as newly acquired tangible and intangible assets. This information will be included in Starbucks first quarter of fiscal 2015 externally reported financial results.

Financial targets for Starbucks fourth quarter and fiscal year 2014 provided in conjunction with Starbucks 2014 third quarter earnings on July 24th are unchanged as a result of this transaction. Starbucks expects this transaction to be slightly accretive to the company’s fiscal year 2015 non-GAAP financial results, when excluding: 1) an anticipated acquisition-related gain in the first quarter of fiscal 2015 resulting from a fair value adjustment of Starbucks current 39.5% ownership interest in Starbucks Japan; 2) ongoing amortization expense of significant acquired intangible assets related to the transaction; and 3) transaction and integration costs.

The English translation of the press release issued by Solar Japan Holdings G.K., an indirect wholly-owned subsidiary of Starbucks that will acquire the shares and options, will be available later today on Starbucks website at http://investor.starbucks.com. The English translation of the tender offer explanatory statement will be available on September 26, 2014 at http://investor.starbucks.com. The offering documents will be available in Japanese on September 26, 2014 at http://www.smbcnikko.co.jp/stock/tob.

Webcast Information

Howard Schultz, Starbucks chairman, president and ceo, and Troy Alstead, chief operating officer, hosted a webcast (9/23) at 3 pm PDT to discuss this acquisition. The webcast may be accessed on the Investor Relations page of Starbucks website at http://investor.starbucks.com, where it will also be archived until October 21, 2014.

About Starbucks
Since 1971, Starbucks has been committed to ethically sourcing and roasting high-quality arabica coffee. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.

About Starbucks Japan
Starbucks Japan was formed as a joint venture partnership in 1995 with license agreements that grant it the exclusive right to develop and operate Starbucks coffee stores in Japan, and to use certain trademarks, designs, marks, technologies, and know how. With more than 1,000 stores today, Starbucks Japan employs approximately 25,000 partners. Earlier this year, Sazaby approached Starbucks about their interest in selling their Starbucks Japan ownership stake and exiting the business. As stated in Starbucks Japan’s securities filings, the existing license agreements are set to expire on March 31, 2021 and contain no provision for auto-renewal.

Important Notice

This press release is not, and does not constitute any part of, an offer to sell or purchase, or a solicitation of an offer to sell or purchase, any securities.
The tender offers will be conducted in accordance with the procedures and information disclosure standards prescribed by Japanese law, which may differ from the procedures and information disclosure standards in the United States. In particular, Section 13(e) and Section 14(d) of the U.S. Securities Exchange Act of 1934 and the rules prescribed thereunder do not apply to the tender offers, and the tender offers do not conform to those procedures and standards.

Forward Looking Statements

Certain statements contained herein are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “expect,” “believe,” “could,” “estimate,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “will,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These statements are based on information available to Starbucks as of the date hereof, and Starbucks actual results or performance could differ materially from those stated or implied, due to risks and uncertainties associated with its business. These risks and uncertainties include, but are not limited to, the failure of the parties to consummate the two-step tender offer due to commercial, regulatory or other reasons, as well as general economic and industry factors such as coffee, dairy and other raw material pricing and availability, successful execution of internal performance and expansion plans, fluctuations in U.S., Japanese and other international economies and currencies, the impact of initiatives by competitors, the effect of legal proceedings, and other risks detailed in the Company’s filings with the Securities and Exchange Commission, including the “Risk Factors” section of Starbucks Annual Report on Form 10-K for the fiscal year ended September 29, 2013. The Company assumes no obligation to update these forward-looking statements.

For more information on this news release, contact us.

Tesco confirms new price to be paid to British dairy farmers for six months from the 1st November

Cheshunt, England, 2014-9-25— /EPR Retail News/ — Tesco has today confirmed the new price it will pay British dairy farmers for six months from the 1st November, following an independent cost tracker review by agriculture research consultancy Promar.

Tesco Sustainable Dairy Group (TSDG) members will be paid 32.01ppl for their milk, meaning that Tesco dairy farmers will receive a price above the market average.

Tesco continues to guarantee that TSDG famers receive a price that reflects the cost of production, calculated from costs submitted to Promar, ensuring that their businesses are profitable and enabling them to invest in the future. The new price follows four consecutive increases since 2012, takes into consideration a reduction in the cost of feed, and is agreed in collaboration with farmers on our TSDG committee. Customers can be assured that every pint of own-brand milk they buy from Tesco is helping to deliver a sustainable future for the British dairy industry, and that the price we pay our farmers is completely independent of the retail price for milk.

Tom Hind, Agriculture Director said:

“Over the past seven years we have worked in partnership with our dairy farmers to deliver a fair price for their milk. By agreeing a clear price, based on costs of production, for a period of six months, we are able to offer our farmers real stability and confidence in a changeable market.’

James Stephen, Aberdeenshire TSDG dairy farmer and Committee Chairman said:

“In these times of volatile milk prices the relative stability of the cost tracker model is of huge benefit to TSDG farmers in budgeting and giving confidence for the future.”

Notes to editors

  • The new price covers all our own-brand fresh & filtered milk (1, 2, 4, 6 pint and 1 and 2 litre – excluding organic milk) and single, double & extra thick double cream (150, 300, 600 ml) products.
  • The price includes 0.5ppl for sharing cost data with Promar International
  • The commitment of TSDG is reinforced by Tesco’s work with Liverpool University through its Dairy Centre of Excellence. This exclusive agreement brings together the dairy sector to look at issues from animal welfare to consumer trends.
  •  The Centre of Excellence also serves as a national resource point for schools, farmers and dairy industry experts, and this summer Tesco and Arla have been running a national road trip to meet and explain to children where their milk comes from.

For more information please contact the Tesco Press Office on
01992 644645

We are a team of over 500,000 people in 12 markets dedicated to providing the most compelling offer to our customers.

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METRO AG extends contract of CEO Olaf Koch

Düsseldorf, Germany, 2014-9-25— /EPR Retail News/ — The Supervisory Board of METRO AG has, as expected, extended in today’s meeting the contract of the Chief Executive Officer Olaf Koch with unanimous vote. Koch’s current contract, which is running until September 2015, will be renewed until September 2018, the Duesseldorf based retailing and trading group announced on Wednesday.

“The Supervisory Board would like to thank Olaf Koch for his dedication and achievements in the past years,” said Franz Markus Haniel, Chairman of the Supervisory Board of METRO AG. “Under the leadership of Olaf Koch decisive measures for the new positioning of METRO GROUP have been taken. We increasingly see the success of the transformation and have full trust in Olaf Koch and his management team to continue successfully the path already taken.”

Olaf Koch started as Chief Financial Officer of METRO AG in 2009 and took over as CEO in January 2012. During his current term as CEO the sales lines of the company – METRO Cash & Carry, Media Markt, Saturn and Redcoon as well as Real and GALERIA Kaufhof – have been directed towards a stronger customer orientation as well as adapted to the changing environment due to the increase of online sales. Also the company started to consequently withdraw from business areas without sufficient income or growth potential.

METRO GROUP is one of the largest and most important international retailing companies. During the financial year 2012/13 (pro forma), it generated sales of about €66 billion. The company operates around 2,200 stores in 31 countries and has a headcount of around 250,000 employees. The performance of METRO GROUP is based on the strength of its sales brands that operate independently in their respective market segments: METRO/MAKRO Cash & Carry – the international leader in self-service wholesale – Media Markt and Saturn – the European market leader in consumer electronics retailing – Real hypermarkets and Galeria Kaufhof department stores.

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ALDI continues to offer grocery shoppers smarter alternative with the opening of three Indianapolis-area stores

Grocer Continues to Invest in Indianapolis Area

Indianapolis, Ind., 2014-9-25— /EPR Retail News/ — ALDI, the nation’s low-price grocery leader*, will continue to offer grocery shoppers a smarter alternative as the select assortment discount grocer opens its newest Indianapolis-area stores on Friday, Oct. 10. New stores will be located at 9701 E. Washington St. in Indianapolis and 300 S. State Road 135 in Greenwood. A third store at 16971 Clover Road in Noblesville will reopen after completing a remodel.

“ALDI has been a proud member of the Indianapolis community for more than 30 years,” said Laura Bauer, Greenwood division vice president for ALDI. “We continue to invest in creating an inviting shopping experience for our customers. In addition to the stores opening in October, we have replaced or remodeled five stores in the last three years and plan to open three stores next year. We’ll have 20 stores in the Indianapolis area by the end of 2015.”

To celebrate the store openings, ALDI will host ribbon-cutting ceremonies at 9 a.m. on Friday, Oct. 10, at each of the stores. The public is invited to attend. Following the ceremonies, the first 100 shoppers at each store will receive a golden ticket. Tickets contain ALDI gift certificates in varying amounts. Customers can also tour the store, sample ALDI exclusive brand products and enter an on-site sweepstakes for a chance to win a year’s supply of ALDI produce. ALDI currently carries nearly 70 varieties of fruits and vegetables, including several organic produce items.

To continue the opening celebration, ALDI will feature a holiday entertaining demonstration with Food Stylist Janice Stahl on Nov. 8 from 11 a.m. until 3 p.m. at the new store in Greenwood. Customers are invited to attend to learn tips on making holiday gatherings easy and affordable.

Shoppers who take a fresh look at ALDI can expect to find more than 1,300 of the most commonly purchased items sold under ALDI exclusive brands for prices up to 50 percent less** than traditional supermarkets. ALDI offers a wide range of new, healthier options with more than 70 varieties of produce, including organic options, USDA Choice beef and LiveGfreeTM gluten-free products. To ensure its exclusive brands meet or exceed the national brands on taste and quality, ALDI conducts rigorous testing on all products and stands behind this quality with a Double Guarantee: If for any reason a customer is not 100 percent satisfied with a food product, ALDI will gladly replace the product and refund the customer’s money.

A model of efficiency, ALDI eliminates overhead costs by offering smart practices, such as a cart rental system, through which shoppers insert a quarter to release a cart and receive the quarter back upon the cart’s return. Other cost-saving practices include a smaller store footprint, open carton displays and encouragement of customers to bring their own shopping bags. In addition, all three stores feature high ceilings, natural lighting and environmentally-friendly building materials – such as recycled materials and energy-saving refrigeration and light bulbs.

ALDI also saves shoppers money by keeping stores open during prime shopping times. The storeswill be open from 9 a.m. to 8 p.m. Monday through Saturday and from 10 a.m. to 7 p.m. on Sunday. ALDI accepts cash, debit and EBT/Quest cards.

A grocery retailer that has grown without merger or acquisition, ALDI has nearly 1,300 stores located in 32 states. Over the last several years, ALDI has added, on average, 80 new stores each year, expanding the ability to bring grocery savings to more people every day.

About ALDI Inc.
A leader in the grocery retailing industry, ALDI operates nearly 1,300 US stores in 32 states, primarily from Kansas to the East Coast. More than 25 million customers each month save up to 50 percent** on their grocery bills, benefiting from the ALDI simple and streamlined approach to retailing. ALDI sells more than 1,300 of the most frequently purchased grocery and household items, primarily under its exclusive brands, which must meet or exceed the national name brands on taste and quality. ALDI is so confident in the quality of its products, the company offers a Double Guarantee: If for any reason a customer is not 100 percent satisfied with any ALDI food product, ALDI will gladly replace the product and refund the purchase price. ALDI has been named the 2014 Retailer of the Year by Private Label Store Brands magazine for its strong commitment to value and innovation-focused private brand product development. For more information about ALDI, visit www.aldi.us.

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*According to a survey of more than 6,000 consumers conducted in March 2014 by Market Force Information.
**Based upon a price comparison of comparable products sold at leading national retail grocery stores.

Contacts:

Bridget Rupert
(314) 552-6704
BRupert@webershandwick.com

Hannah Dewey
(312) 988-2021
HDewey@webershandwick.com

RILA and global sustainability non-profit Forum for the Future launch two-minute video to introduce the Retail Horizons project

‘Retail Horizons’ Introductory Video Launched Ahead Of 2014 Retail Sustainability Conference

Arlington, VA, 2014-9-25— /EPR Retail News/ — Today, the Retail Industry Leaders Association (RILA) and global sustainability non-profit Forum for the Future released a two-minute video to introduce the Retail Horizons project ahead of the RILA 2014 Retail Sustainability Conference held from September 29 to October 2, 2014 in Minneapolis, Minnesota.

Retail Horizons is a program to support the industry’s drive to sustainability, and was made possible with the generous support of sponsors Target and Unilever. It is the culmination of a year-long collaboration between about 50 retail and consumer product brands and is designed to provide retailers with the tools they need to take action to safeguard their future, protect our environment, and improve the lives of their customers, workers, and suppliers.

The introductory video follows the trajectory of retail from its earliest beginnings in open air markets to the omnipresence made possible through major technological advances and encourages retailers and other stakeholders to use the Retail Horizons toolkit so they can begin to develop strategies to adapt and innovate.

“I am proud that the RILA sustainability community, composed of about 50 of the leading retail brands, came together to learn from one another, identify opportunities to grow and innovate together, and promote sustainability,” said Adam Siegel, Vice President of Sustainability and Compliance at RILA. “The world is changing rapidly in ways that have already had profound implications on the retail industry. Technologies like the internet and mobile devices will enable retailers to exist everywhere; consumers’ expectations around transparency, service, speed, and experience will continue to expand; resources, such as water and raw materials, are likely to become scarcer and more expensive; and data will be ubiquitous. To adapt and grow, retailers can use sustainability as a framework for innovation.”

The project will be formally launched at RILA’s Retail Sustainability Conference next week. Sally Uren, Forum for the Future’s Chief Executive Officer, will launch the program, including four expertly crafted ‘futures scenarios’ and a free toolkit, to an audience of 450 retail sustainability and environmental compliance professionals. The attendees will then have a chance to dive deep into the materials through three interactive two-hour work sessions on the Future of Stores, Future of Products and Value Chains, and Future of Consumers & Employees.

“Other industries have recognized the power of sustainability to drive the innovation needed if they are going to thrive into the long-term,” said Helen Clarkson, Director at Forum for the Future US. “The tools that we have developed through our work on Retail Horizons can help companies in the retail industry think through which challenges are most critical to them and how to tackle them to bring about the change we need for a sustainable future.”

For more information about the conference, please visit www.rila.org/rsc, and to see more information about Retail Horizons (including the toolkit which will be available to download on September 29th 2014) please go to www.rila.org/future. In addition, download the media kit for the project here.

About the Retail Industry Leaders Association
The Retail Industry Leaders Association (RILA) is the trade association for the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.

RILA’s Retail Sustainability Initiative (RSI) engages retail sustainability executives to share best practices, develop new processes, and communicate their efforts to the industry’s most crucial stakeholders. RILA uses its annual conference, benchmark studies, collaborative partnerships, and research on behalf of retail sustainability interests to help our members learn and develop their programs.

About Forum for the Future
Forum for the Future is an independent non-profit that works globally with business, government and others to solve complex sustainability challenges. We believe it is critical to transform the key systems we rely on to shape a brighter future and innovate for long-term success.

We have a 18-year track record of working in partnership with pioneering partners; advising and challenging organizations such as Unilever, Pepsico, Skanska, Akzo Nobel and Telefonica O2.
Find out more at www.forumforthefuture.org/ and find us on Facebook and Twitter.

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Zachary Taylor
Coordinator, Public Affairs
Phone: 703-600-2042
Email: zachary.taylor@rila.org

Whole Foods Market shoppers help fund the planting of 140,000 trees by Halloween through Trinity Oaks’ One Bottle One Tree® Program

Goal to fund the planting a quarter of a million trees by Halloween through Trinity Oaks’ One Bottle One Tree® Program

AUSTIN, TX, 2014-9-25— /EPR Retail News/ — Whole Foods Market (NASDAQ: WFM) shoppers purchasing select bottles of Trinity Oaks wines have supported the planting of 140,000 trees through the One Bottle One Tree program, and the company hopes to support the planting of 110,000 more trees by this Halloween.

The program works with the nonprofit Trees for the Future to plant one beneficial tree for every bottle of Trinity Oaks wine sold. Trees are planted to help restore tree cover in areas that are most in need of reforestation — primarily in tropical locations that have the most beneficial impact on the environment — by using agroforestry techniques tailored to the needs of the community.

Whole Foods Market shoppers support this effort every time they purchase a bottle of Trinity Oaks Pinot Noir or Pinot Grigio. “Supporting the One Bottle One Tree program is a win-win-win for our shoppers, the environment and these rural communities in the developing world,” said Doug Bell, global beverage buyer for Whole Foods Market. “Not only are we making it easy to support environmental stewardship and our global communities – two of Whole Foods Market’s core values – but we are also featuring these two delicious wines that shoppers know and love at a great price.”

Both of these California wines can be found in Whole Foods Market stores that sell wine for $7.99. The Trinity Oaks Pinot Noir has a smooth, silky texture and mild tannins and is a perfect partner to salmon or roasted chicken. The Trinity Oaks Pinot Grigio is a fresh white that makes a crisp aperitif and pairs nicely with a green salad and pear vinaigrette.

Whole Foods Market will be featuring Trinity Oaks wines and the One Bottle One Tree program in September and October 2014 in its Whole Deal value guide.

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Whole Foods Market shoppers help fund the planting of 140,000 trees by Halloween through Trinity Oaks’ One Bottle One Tree® Program

Whole Foods Market shoppers help fund the planting of 140,000 trees by Halloween through Trinity Oaks’ One Bottle One Tree® Program

Meijer launches ‘Ready! For You’ food solutions program to help busy families serve up simple meals and snacks at home

First-of-its-kind program hits stores when parents need it most

GRAND RAPIDS, Mich., 2014-9-25— /EPR Retail News/ — Meijer is helping busy families serve up simple meals and snacks at home with a first-of-its-kind food solutions program in each of the Midwest retailer’s 213 stores. Launched last month, Ready! For You is tailored to meet the tastes and lifestyles of busy families by providing recipe ideas, inspiration and savings opportunities in-store and online.

“Families are busier than ever and feeling squeezed for both time and money,” said Randy Stewart, group vice president of foods for Meijer. “We’re excited to launch this new program as shoppers focus on back to school and get back into a routine of family meals that are affordable and quick to prepare.”

Inside Meijer stores, Ready! For You-branded meal displays conveniently pair food solution items from various manufacturers together. Shoppers have the opportunity to taste what’s on display with weekly sampling demos. Meijer is creating online videos with quick and simple food ideas and is sharing a steady cadence of recipes on breakfast,lunch and dinner Pinterest boards.

The items that make up each Ready! For You meal have an average cost of between $12-$15 to feed a family of four and are all part of weekly sales promotions. Customers can also get discounts when they buy multiple Ready! For Youitems, which can save shoppers an additional 15-20 percent.

“One of the biggest hurdles that prevents families from cooking at home is finding new meal and snack ideas that are affordable, delicious and quick to prepare,” Meijer Healthy Living Advisor and Registered Dietitian Shari Steinbach said. “The quick and easy food solutions in the Ready! For You program are an exciting and affordable way to help families get back in the kitchen.”

More information on the Ready! For You program can be found at Meijer.com/ReadyForYou.

About Meijer
Meijer is a Grand Rapids, Mich.-based retailer that operates 213 supercenters and grocery stores throughout Michigan, Ohio, Indiana, Illinois and Kentucky. As the inventor of the “one-stop shopping” concept, Meijer stores have evolved through the years to include expanded fresh produce and meat departments, as well as pharmacies, comprehensive electronics departments, garden centers and apparel offerings. For more information on Meijer, please visit www.meijer.com. Follow Meijer on Twitter @twitter.com/meijer and @twitter.com/meijerPR or become a fan at www.facebook.com/meijer.

Contact: Joe Hirschmugl, 761-791-3943, Joseph.Hirschmugl@meijer.com

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Meijer launches 'Ready! For You' food solutions program to help busy families serve up simple meals and snacks at home

Meijer launches ‘Ready! For You’ food solutions program to help busy families serve up simple meals and snacks at home

Morrisons colleagues honoured at the Specsavers everywoman in Retail Ambassadors Awards

Bradford, England, 2014-9-25— /EPR Retail News/ — Two Morrisons colleagues were celebrated at the Specsavers everywoman in Retail Ambassadors Awards yesterday evening, as part of a prestigious ceremony in the Waldorf Hilton.

Morrisons was the only business to be recognised with two separate awards: Area Manager Lucy Denton achieved the accolade of ‘Retail Ambassador of the Year’ and World Foods Manager, Noor Ali was heralded for her work in developing her category.

On the evening, Lucy Denton said: “I am absolutely delighted to have won. I very much hope that my example encourages other women across Morrisons to pursue their career goals.”

Noor added: “I’m so pleased to receive this recognition and acknowledgement and would like to thank Morrisons for all its support.”

The everywoman in Retail Ambassadors Awards is one of a number of awards that Morrisons nominate colleagues for every year.

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CBRE report: Demand for newer, Class A industrial space in the U.S. is outpacing supply, encouraging more build-to-suit and speculative development activity across the U.S.

Development Largely Concentrated in Tier-One Distribution Markets in South and West Big-Box Distribution Centers Represent Two-Thirds of Expected Deliveries Over Next Four Quarters

Los Angeles, 2014-9-25— /EPR Retail News/ — Demand for newer, Class A industrial space in the U.S. is outpacing supply, encouraging more build-to-suit and speculative development activity across the U.S., according to the latest report from CBRE Group, Inc., Where Are the Big Boxes? The State of U.S. Industrial Development Activity. Much of this demand stems from the rapidly growing e-commerce sector, which is actively seeking large, big-box distribution centers near major metropolitan areas and distribution hubs to speed up delivery times.

“Despite the warming economic conditions, the amount of new supply that has been added to the market since 2010 is well below the levels seen during previous expansionary periods, as developers have been cautious over the past few years,” said Scott Marshall, Executive Managing Director, Industrial Services, Americas, CBRE. “However, as availability rates continue to fall, higher rents will incentivize developers to commission more new projects.”

Development activity has steadily increased every year since the beginning of the recovery cycle in 2010, when only approximately 7 million sq. ft. of new supply was added per quarter. By Q2 2014, the U.S. industrial market was delivering more than 25 million sq. ft. per quarter. However, completion levels remain well below historical averages. Prior to the recession, around 50 million sq. ft. of new industrial space per quarter was added to the market, approximately twice the levels seen during the first half of 2014.

Development activity has been largely concentrated in tier-one distribution markets in the South and West. In Q2 2014, six markets—Dallas/Ft. Worth, Houston, Phoenix, Chicago, Columbus and the Inland Empire—accounted for more than 61 percent of the nation’s total construction deliveries. Overall, markets that have strong industrial fundamentals and solid infrastructure near ports, like Inland Empire, Dallas/Ft. Worth and Houston, have been expanding their industrial footprints more quickly than the national average.

Of the 125 million sq. ft. of new supply expected to deliver over the next four quarters, 67 percent is located in just 10 markets, including Chicago, Dallas/Ft. Worth, Baltimore and Indianapolis. One common theme among these markets is that they are all critically important for managing the import and distribution of goods throughout the nation’s supply chain.

Big-box distribution centers (350,000 sq. ft. and greater) represent around two-thirds of all new industrial facilities expected to be delivered between Q3 2014 and Q2 2015. This focus is chiefly due to the optimization of supply chains to meet increasing demand from e-commerce users, a trend the report expects to continue throughout the coming years.

CBRE report Demand for newer, Class A industrial space in the U.S. is outpacing supply, encouraging more build-to-suit and speculative development activity across the U.S

To request a copy of the report or to speak with a CBRE expert, please contact Robert McGrath (212.984.8267 orRobert.McGrath@cbre.com) or Corey Mirman (212.984.6542 or Corey.Mirman@cbre.com).

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Robert Mcgrath
Director, Sr
T +1 212 9848267
email
Corey Mirman
Specialist, Sr Communication
T +1 212 9846542
email

CBRE Group, Inc. to present at the JMP Securities Financial Services & Real Estate Conference on September 30, 2014 in New York City

Los Angeles, 2014-9-25— /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) announced today that Gil Borok, Deputy Chief Financial Officer & Chief Accounting Officer, will present at the JMP Securities Financial Services & Real Estate Conference on Tuesday, September 30, 2014, at the St. Regis Hotel in New York City. The presentation is scheduled for 11 a.m. Eastern time.

A live audio webcast of the presentation will be accessible via the Investor Relations section of the Company’s web site at www.cbre.com. An audio replay of the webcast will be posted within 24 hours of the live event and will be available for 90 days thereafter.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Steve Iaco
Director, Sr. Managing
T +1 212 9846535
email
Robert Mcgrath
Director, Sr
T +1 212 9848267
email

CBRE Group, Inc. announced the pricing of its offering of $300 million in aggregate principal amount of 5.25% senior notes due 2025

Los Angeles, CA, 2014-9-25— /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today announced the pricing of its offering of $300 million in aggregate principal amount of 5.25% senior notes due 2025 (the “Notes”). The Notes will have an interest rate of 5.25% per annum and are being issued at a price equal to 100% of their face value. The Notes will be issued by the Company’s wholly-owned subsidiary, CBRE Services, Inc., and guaranteed on a full and unconditional basis by the Company and the subsidiaries that guarantee its senior secured credit facility.

The Company estimates that the net proceeds from the offering will be approximately $296.5 million, after deducting the underwriters’ discounts and estimated offering expenses. The Company intends to use the net proceeds from such offering of the Notes, together with cash on hand, to redeem CBRE Services, Inc.’s outstanding 6.625% Senior Notes due 2020.

J.P. Morgan, Credit Suisse, BofA Merrill Lynch, HSBC, Wells Fargo Securities, Scotiabank, RBS and Barclays areacting as joint book-running managers for the offering of the Notes.

The Notes are being offered pursuant to an effective shelf registration statement that the Company previously filed with the Securities and Exchange Commission (the “SEC”).  The offering of the Notes will be made only by means of a prospectus supplement and accompanying base prospectus, which may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov.  Alternatively, copies may be obtained from:

J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 1-866-803-9204.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Notes, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

CBRE Group, Inc. is a leading global commercial real estate services and investment firm based in Los Angeles.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the offering of the Notes and the anticipated use of proceeds therefrom. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in CBRE Group, Inc.’s filings with the SEC. Any forward-looking statements speak only as of the date of this press release and, except to the extent required by applicable securities laws, CBRE Group, Inc. expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE Group, Inc. does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning risks, uncertainties and other factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE Group Inc.’s business in general, please refer to its SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013, and its quarterly report on Form 10-Q for the quarterly period ended June 30, 2014.

For Further Information:

James Groch
CFO & Glbl Director, Corp Dev
T +1 215 9217474
email
Steve Iaco
Director, Sr. Managing
T +1 212 9846535
email

Ina Garten to debut her latest cookbook, Make It Ahead on QVC, September 28

Best-Selling Author to Offer Latest Cookbook through the Multimedia Retailer

WEST CHESTER, Pa., 2014-9-25— /EPR Retail News/ — Simply delicious. Beloved television personality and best-selling cookbook author Ina Garten is scheduled to debut on QVC Sunday, September 28 at noon (ET). Garten will appear during the “In the Kitchen with David®” broadcast, QVC’s most popular cooking show,to unveil her latest cookbook, Make It Ahead. Viewers will have the opportunity to order Garten’s new cookbook more than four weeks in advance of its release date.

“Ina is one of the most well-known figures in the culinary industry,” said Ken O’Brien, senior vice president of merchandising at QVC. “We are thrilled to offer her new cookbook in advance of its release, and we feel confident that our viewers will be just as excited as we are to welcome Ina into the QVC family”

With a long list of best-selling cookbooks to her credit, Garten’s Make It Ahead features delectable fare fans are sure to devour. Containing 88 mouthwatering recipes such as Wild Mushroom and Farro Soup, Braised Red Cabbage with Pancetta, and Leek and Ham Empanadas, Make It Ahead includes easy-to-prepare dishes and helpful tips that make planning meals in advance easier than ever.

A favorite amongst foodies, Garten’s impressive culinary career began in 1999 with the release of her first cookbook, The Barefoot Contessa Cookbook, which quickly became a best-seller. Seven successful cookbooks soon followed, as did her popular program on Food Network, “Barefoot Contessa.” Known for inviting viewers into her home and sharing tips for hosting friends and family, Garten quickly solidified her spot as one of TV’s most popular culinary personalities with her flair for easy and sophisticated entertaining.

Make It Ahead will be available, while supplies last, beginning September 28 through QVC.com, the QVC apps or by calling 800.345.1515.

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About QVC
QVC, Inc., a wholly owned subsidiary of Liberty Interactive Corporation (NASDAQ: LINTA, LINTB), is the world’s leading video and ecommerce retailer. QVC is committed to providing its customers with thousands of the most innovative and contemporary beauty, fashion, jewelry and home products. Its programming is distributed to approximately 300 million homes worldwide through operations in the U.S., Japan, Germany, United Kingdom, Italy and a joint venture in China. West Chester, Pa.-based QVC has shipped more than a billion packages in its 27-year history and the company’s website, QVC.com, is ranked among the top general merchant Internet sites. QVC, Q, and the Q Ribbon Logo are registered service marks of ER Marks, Inc.

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