Dollar Tree, Inc. priced a private offering of $2,500 million of senior notes due 2023 and $750 million of senior notes due 2020

CHESAPEAKE, VA, 2015-2-9 — /EPR Retail News/ — Dollar Tree, Inc. (NASDAQ: DLTR), the nation’s leading operator of discount variety stores selling everything for $1 or less, today announced that it has priced a private offering of $2,500 million of senior notes due 2023 (the “2023 Notes”) and $750 million of senior notes due 2020 (the “2020 Notes” and, together with the 2023 Notes, the “Notes”). The 2023 Notes will bear interest at a rate of 5.75% per annum and the 2020 Notes will bear interest at a rate of 5.25% per annum.

The Company also announced today that the lead arrangers for its new proposed senior secured credit facilities have allocated the loans to be made under its $1,000 million term loan A facility (the “Term Loan A Facility”) and $3,950 million term loan B facility (the “Term Loan B Facility”, and together with the Term Loan A Facility, the “Term Loan Facilities”). The Company expects that the Term Loan A Facility will bear interest at a rate of LIBOR plus 2.25% and the Term Loan B Facility will bear interest at LIBOR (subject to a 0.75% floor) plus 3.50%.

The Company expects to use the proceeds of the Notes and the Term Loan Facilities to finance its pending acquisition (the “Acquisition”) of Family Dollar Stores, Inc. (“Family Dollar”). The Notes will be initially issued by Family Tree Escrow, LLC (the “Escrow Issuer”), a newly formed subsidiary of the Company, and the proceeds will be held in escrow pending the consummation of the Acquisition. The offering of the Notes is expected to close on February 23, 2015, subject to customary closing conditions. The commitments in respect of the Term Loan Facilities and the terms and conditions thereof (including the applicable interest rates) remain subject to the execution of definitive documentation, which is expected to occur concurrently with or in advance of the consummation of the Acquisition. The Term Loan B Facility may be funded in advance of the Acquisition, in which case it is expected that the Escrow Issuer will be the initial borrower of the loans thereunder and will hold the proceeds in escrow pending consummation of the Acquisition.

The Notes are being offered and sold to qualified institutional buyers in the United States pursuant to Rule 144A and outside of the United States pursuant to Regulation S under the Securities Act of 1933.

The Notes have not been registered under the Securities Act of 1933 or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and applicable state laws.

This press release does not constitute an offer to sell or a solicitation of an offer to purchase the Notes or any other securities and does not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Dollar Tree, Inc.
Dollar Tree, Inc., a Fortune 500 Company, operated 5,282 stores in 48 states and five Canadian provinces as of November 1, 2014, with total retail selling square footage of 45.8 million. Stores operate under the brands of Dollar Tree, Dollar Tree Canada, and Deals. To learn more about the Company, visit www.DollarTree.com.

Forward- Looking Statements

Certain statements contained herein are “forward-looking statements” that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and information about our current and future prospects and our operations and financial results are based on currently available information. Various risks, uncertainties and other factors could cause actual future results and financial performance to vary significantly from those anticipated in such statements. The forward looking statements contained herein include assumptions about our operations, such as cost controls and market conditions, and certain plans, activities or events which we expect will or may occur in the future and relate to, among other things, the business combination transaction involving Dollar Tree and Family Dollar, the financing of the proposed transaction, the benefits, results, effects, timing and certainty of the proposed transaction, future financial and operating results, expectations concerning the antitrust review process for the proposed transaction and the combined company’s plans, objectives, expectations (financial or otherwise) and intentions.

Risks and uncertainties related to the proposed merger and the financing therefor include, among others: the risk that regulatory approvals required for the merger are not obtained on the proposed terms and schedule or are obtained subject to conditions that are not anticipated; the risk that the other conditions to the closing of the merger are not satisfied; the risk that the financing required to fund the transaction is not obtained, or is obtained on terms other than those set forth above or otherwise previously disclosed; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the merger; uncertainties as to the timing of the merger; competitive responses to the proposed merger; response by activist stockholders to the merger; costs and difficulties related to the integration of Family Dollar’s business and operations with Dollar Tree’s business and operations; the inability to obtain, or delays in obtaining, the cost savings and synergies contemplated by the merger; uncertainty of the expected financial performance of the combined company following completion of the proposed transaction; the calculations of, and factors that may impact the calculations of, the acquisition price in connection with the proposed transaction and the allocation of such acquisition price to the net assets acquired in accordance with applicable accounting rules and methodologies; unexpected costs, charges or expenses resulting from the merger; litigation relating to the merger; the outcome of pending or potential litigation or governmental investigations; the inability to retain key personnel; and any changes in general economic and/or industry specific conditions. Consequently, all of the forward-looking statements made by Dollar Tree, in this and in other documents or statements are qualified by factors, risks and uncertainties, including, but not limited to, those set forth under the headings titled “A Warning About Forward-Looking Statements” and “Risk Factors” in Dollar Tree’s Annual Report on Form 10-K for the fiscal year ended February 1, 2014, Dollar Tree’s Quarterly Reports on Form 10-Q for the quarters ended May 3, 2014, August 2, 2014 and November 1, 2014, and other reports filed by Dollar Tree with the SEC, which are available at the SEC’s website http://www.sec.gov.

Please read our “Risk Factors” and other cautionary statements contained in these filings. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Dollar Tree undertakes no obligation to update or revise any forward-looking statements, even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized, except as may be required by law. As a result of these risks and others, actual results could vary significantly from those anticipated herein, and our financial condition and results of operations could be materially adversely affected.

Investors/Media Contacts:

Investors:

Randy Guiler
Dollar Tree, Inc.
rguiler@dollartree.com
(757) 321-5284

Media:

Debbie Miller / Nathaniel Garnick
Sard Verbinnen & Co
(212) 687-8080

The Co-operative Food named UK’s top Ethical Drinks Retailer for 2nd year at the Drinks Retailing Awards 2015

MANCHESTER, UK, 2015-2-9 — /EPR Retail News/ — The Co-operative Food has been named the UK’s top Ethical Drinks Retailer for the second year running at the Drinks Retailing Awards 2015.

The convenience retailer was awarded the prestigious accolade for its market-leading commitment to responsible retailing of beers, wines and spirits in the UK.

Simon Cairns, Category Buyer for Beers, Wine and Spirits, said:

“As a community retailer owned by its customers, it’s even more important that we strive for a better way to do business in an ethical and responsible way so this award is fantastic recognition of this work.”

As part of the rigorous judging process made up of a panel of industry experts, the award decision was informed by customer research.

Since launching the first own-label Fairtrade mark wine in the UK more than 10 years ago, the retailer has led the way in the development of Fairtrade and is the UK’s largest retailer of Fairtrade wine, selling 52.5% of all Fairtrade wine sold in the UK. The profits have helped to fund invaluable resources in poverty-stricken communities across the world including running water, healthcare and education.

Notable projects which have been funded by sales of Fairtrade wine, include the building of a secondary school in Tilimuqui, Argentina, now helping to educate 315 pupils.

Furthermore, the retailer has reduced its carbon footprint by more than 36% in the last year by increasing the volume of wine bottled in the UK as well as switching to a lighter weight glass bottle for many selected lines. The move has saved 4,222 tonnes of CO2 emissions – the equivalent to the electricity needs of 18,759 households for a year.

The Co-operative was the first retailer* to include a full list of ingredients, calorie information and sensible drinking advice in addition to alcohol units on its wine labels as part of its commitment to open and honest labelling. This is now available across its own-brand range of beers and spirits too.

The Co-operative also has a range of initiatives in place to promote responsible drinking, including offering a greater choice of lower-alcohol and alcohol-free products as well as removing its own-brand super strength lager and large-bottled strong dry cider from the range, and lowering the ABV on its own-label cider range.

The Drinks Retailing Awards brings together the industry’s leading lights, and the judging process is one of the most rigorous of all food and drink industry awards.  The Ethical Retailer of the Year award is given to the retailer which is judged to have provided the greatest contribution to green and ethical retailing in the past 12 months.

 

Further information:
* In 1996, we led the industry by putting sensible drinking advice on our wines and spirits, which was in addition to alcohol units. In 1999, we became the first retailer to label the ingredients in wine. In 2002, we became the first retailers to include calorie labelling on alcoholic drinks

 

Fairtrade wine offers running for Fairtrade Fortnight

(24 February – 9 March)

 

“Truly Irresistible” white Promo (£)

Normal (£)

The Co-operative Fairtrade Truly Irresistible Sauvignon Blanc 2014
(South Africa)
4.99

5.99

Crafted by one of South Africa’s leading female winemakers, Corlea Fourie, this wine is sourced chiefly from Bosman’s main sites in the Western Cape (84% of the blend), then ‘topped up’ with fruit from Walker Bay’s De Bos vineyard and even a splash of old vines Chenin to add richness and ripeness. The nose is dominated by lemon/lime notes, whilst on the palate things turn to Granny Smith apples, gooseberries and an underlying honeydew melon flavour. Partners well with most chicken and fish dishes.

 

“Truly Irresistible” red Promo (£)

Normal (£)

The Co-operative Fairtrade Truly Irresistible Malbec 2013
(Argentina)
7.49

8.49

Rodolfo Griguol, one of Argentina’s most respected winemakers, produces our flagship Fairtrade Malbec from high altitude vineyards growing on sandy alluvial soils in the remote, picturesque Famatina Valley in North West Argentina. Made from 100% Malbec, the fruit was hand harvested and gently crushed. The wine then receives a long vinification period to ensure good fruit and deep colour extraction. Following a recent significant investment in their barrel hall, La Riojana then age the wine for nine months in a mixture of new and old oak. Purple red – almost black in colour – and bursting with plum, cherry and jam aromas, this full bodied wine has sweet but firm tannins with bursts of chocolate, tobacco and vanilla. Pair with red meat, especially steak.

 

Save £1 Moscato Promo (£)

Normal (£)

The Co-operative Fairtrade Rosé Moscato NV
(South Africa)
3.99

4.99

A small dash (5%) of Cinsault finds its way into this appealing Moscato from South Africa’s Breede River, adding structure and colour to the finished product. Fresh red grape aromas dominate the nose in a way which only a Moscato can, with sweet and breezy orchard fruit flavours characterising the palate. The gentle CO2 prickle certainly brings down the perception of sweetness dramatically (measured at 65g/l) and the wine comes over as fruity and balanced, rather than cloying. Superb value and great as an aperitif or with summer salads and desserts.

 

From South Africa Promo (£)

Normal (£)

The Co-operative Fairtrade Chardonnay 2014
The Co-operative Fairtrade Shiraz 2014
(South Africa)
4.99

5.99

This is an elegant, accomplished Chardonnay from the cellars of Bosman Family Vineyards, one of the Co-operative’s major partners in South Africa. The emphasis was placed on creating a fresh, crisp style, but with a clear element of peachy tropical fruit; meanwhile, an element (20 percent) of oak adds a slight creaminess and roundness to the palate. It is excellent for picnics and light summer dinners, but also ideal with creamy kormas, seafood salad or simply on its own.

A magnificent, deep purple Shiraz from Bosman’s Fairtrade vineyards in South Africa with dark red fruits on the nose accompanied by notes of peppery spice. The palate is firm but round, exuding ripe, rich berry fruits and reassuring, balancing, well-integrated tannin. Enjoy with robust meat dishes and succulent stews.

 

From Chile Promo (£)

Normal (£)

The Co-operative Fairtrade Carmenère 2014
(Chile)
4.99

5.99

The luscious Carmenère is originally an historical French varietal which has in more recent times found a home for itself in sunny Chile as the country’s signature red grape. Indeed, the 2003 vintage was the very first own-label Fairtrade wine stocked at the Co-operative and it has remained enduringly popular since. A blackberry-hued Carmenère with a flavour profile dominated by notes of damsons, blackcurrant and mint, it is the soft, velvety mouth-feel which distinguishes the wine, allying it well to roast poultry, stuffed peppers or mature cheddar cheese.

 

From Argentina Promo (£)

Normal (£)

The Co-operative Fairtrade Pinot Grigio 2014
The Co-operative Fairtrade Cabernet Sauvignon 2013
(Argentina)
5.99

6.99

The enduringly popular Pinot Grigio is hardly known for its discernible character – something which makes this delicious and decidedly characterful example all the more remarkable. It offers an aroma of soft tropical fruits with notes of honeydew melon and stewed apple. There is very pleasant finish with this wine, upheld by its crisp acidity – it will stand up to spiced dishes and will work well with a goat’s cheese tart.

This Cabernet Sauvignon is a great example of the grape variety, delivering dense dark fruits on the nose with beautiful blackcurrant aromas prevailing. Medium- to full-bodied, this is a well-balanced wine with a spicy finish, thanks in no small part to the oak integration, and is perfect to accompany robust red meat dishes and of course, vintage cheddar.

 

For further information

or high res images, please contact:

Lauren Chambers
Public Relations Officer
The Co-operative – Food
0161 767 4290
Lauren.chambers@co-operative.coop

CBRE swept the commercial categories at the 2015 REIQ Awards for Excellence

Brisbane, 2015-2-9 — /EPR Retail News/ — CBRE has swept the commercial categories at the 2015 REIQ Awards for Excellence, winning three trophies including Commercial Agency of the Year.

CBRE Asset Services Director Julie Magennis was named Commercial Property Manager of the Year while CBRE Associate Director, Capital Markets, Peter Court was named Commercial Salesperson of the Year.

The REIQ awards recognise outstanding achievements and innovation in all fields of real estate practice.

At last night’s gala dinner in Brisbane, Ms. Magennis received the Commercial Property Manager award for her achievements in her dual role as both a portfolio manager and as head of the 10 staff in CBRE’s Brisbane Asset Services team.

Her achievements in 2014 include adding two additional properties to her South East Queensland portfolio, having a 99% success rate in regard to tenant retention and overseeing some significant sustainability wins.

Mr. Court, who heads CBRE’s Brisbane Metropolitan Investments team, was awarded Commercial Salesperson of the Year in recognition of the outstanding sales results delivered for clients during 2014 and the role he has played in the growth and success of the firm’s metropolitan sales division.

CBRE Managing Director, Jonathan O’Brien, attributed the company’s success at this year’s awards to the outstanding efforts of all staff across Queensland.

“Receiving three awards is a great accolade and one which recognises our commitment to delivering outstanding service and results for our clients,” Mr. O’Brien said.

For Australian/international news or global stories, follow us on Twitter: @cbreAustralia

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 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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

Kathryn House
Communications Director
T +61 2 9333 3585
email

Wincor Nixdorf to host free webinar with ATM Marketplace on February 10

Wincor Nixdorf’s Terence Devereux and ATM Marketplace Editor Suzanne Cluckey present the Best Practices for implementing a multi-layered Approach to Software Security

Paderborn, Germany, 2015-2-9 — /EPR Retail News/ — Wincor Nixdorf today announced that it is hosting a free webinar with ATM Marketplace on February 10 at 4:00 pm CET. This event will discuss the best practices for implementing a multi-layered security approach that’s needed to stop threats to ATMs and POS systems, customer data and proprietary information.

Malware attacks are not only increasing in frequency, but they’re becoming more sophisticated in nature, combining known and successful methodologies with new tactics. To combat this growing threat: banks; ATM fleet owners; and retailers need to know about the latest techniques and technologies that are available to secure their assets.

In this webinar, Wincor Nixdorf Senior Trusted Advisor Terence Devereux and ATM Marketplace Editor Suzanne Cluckey will discuss historical and newly-evolving attack scenarios. Devereux will present 9 tightly integrated security layers that form the “Onion” approach to protecting ATMs POS devices, operating systems, and customer data. This model ensures that if one security layer fails, others will take over to shield and secure an organization’s critical assets.

The Webinar will also review the findings of a recently completed security audit, and it will discuss steps that banks and ATM fleet owners need to take to satisfy all applicable PCI DSS requirements.

“Securing ATMs and POS devices isn’t just about preventing monetary losses – it’s also about protecting something far more valuable, which is your customer’s trust,” states Terence Devereux. “A smart way to deliver security is by implementing a layered, Onion approach that can catch continuously-evolving threats:” This webinar will present the necessary security guidance needed to create a protective shield against all kinds of physical and logical attacks.”

To register for the free webinar, please visit: (http://www.atmmarketplace.com/whitepapers/live-webinar-atm-security-using-the-onion-model-to-repel-software-attacks/).

The onion model is part of Wincor Nixdorf’s 365° security concept to protect self-service systems against physical and logical attacks. The concept’s solutions protect self-service networks, secure customer and company data, and also detect cases of fraud before they occur – 365 days a year. Wincor Nixdorf will shortly be publishing a white paper on its 365° security concept.

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Meijer team members and their children will have a chance to receive up to $10,000 to further their college education with the Fred & Lena Meijer Scholarship

Deadline to apply for competitive scholarship ends April 1

GRAND RAPIDS, Mich., 2015-2-9 — /EPR Retail News/ — For the fourth consecutive year, Meijer team members and their children will have a chance to receive up to $10,000 to further their college education with the Fred & Lena Meijer Scholarship, a competitive scholarship administered by the Grand Rapids Community Foundation.

“Our dad always believed that continued education and lifelong learning were invaluable,” said Doug Meijer, co-chairman of the Grand Rapids, Mich.-based retailer. “My brothers and I are pleased to continue providing this scholarship opportunity for Meijer team members and their children through the Meijer Foundation.”

The Fred & Lena Meijer Scholarship is a private scholarship fund that was established at the Grand Rapids Community Foundation in 1975 originally for children of Meijer team members. In 2010, the scholarship program was expanded to include Meijer team members themselves and awards were increased from $500 to $1,000. The Meijer Foundation funded the scholarship in 2011 with a significant endowment to the Community Foundation, and enhanced the scholarship in 2012 to $2,500, while also providing two $10,000 scholarships: one each in Fred and Lena Meijer’s names.

Last year, the program awarded $442,500 in scholarships, furthering the educations of 171 Meijer team members and their children. Of that amount, two recipients were awarded $10,000 scholarships and 169 others throughout the retailer’s five-state footprint received $2,500 scholarships.

The Fred & Lena Meijer Scholarship is awarded by the Grand Rapids Community Foundation based on financial need, academics, and community involvement. A written essay of aspirations and educational goals is also part of the application process.

“We are pleased to work with Meijer to provide scholarships for its team and their family members,” Grand Rapids Community Foundation President Diana Sieger said. “The opportunities that higher education offers can change a person’s life, and the scholarships can help make that happen.”

The scholarships are available for use at any accredited college, university, vocational, technical or specialized educational institution nationwide. The number of scholarships awarded each year is determined as a percentage of the total number of applicants as set by the federal government.

To qualify for the scholarships, Meijer team members must have one year of continuous service by the April 1 application deadline, and may be full- or part-time students. Dependents of Meijer team member must be full-time students with a minimum of 12 credit hours.

For more information on the application process and to apply, please visit http://www.grfoundation.org/scholarshipselection.

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 a pioneer 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 apparel departments, garden centers and electronics offerings. Additional information on Meijer can be found at www.meijer.com. Follow Meijer on Twitter @twitter.com/Meijer and @twitter.com/MeijerPR or become a fan at www.facebook.com/meijer.

About the Grand Rapids Community Foundation
The Grand Rapids Community Foundation leads Kent County in making positive, sustainable change. With its endowment, the Grand Rapids Community Foundation support local nonprofits, leads significant social change and helps donors achieve their philanthropic goals. For more information, please visit www.grfoundation.org.

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Contact: Christina Fecher, 616-735-7968, christina.fecher@meijer.com

 

Whole Foods Market’s 41,000-square-foot downtown Los Angeles flagship store to open Nov. 4, 2015

Company announces details for Eighth and Grand location, partnership with Councilman Jose Huizar

LOS ANGELES, 2015-2-9 — /EPR Retail News/ — Whole Foods Market’s 41,000-square-foot downtown Los Angeles flagship store, under construction at 770 Grand Avenue, will open Nov. 4, 2015.

The store, which will bring more than 150 jobs to the area, is part of a larger development that will include 700 residential units, 8,000 square feet of additional retail space and expansive social spaces designed to cultivate a uniquely connected urban community.

“We’re looking forward to becoming a destination to meet, shop and enjoy,” said Erica Dubreuil vice president of Whole Foods Market’s Southern Pacific Region. “This site will have the best Whole Foods Market has to offer, but beyond great food is our commitment to community.”

Through partnerships with like-minded organizations, the store will support local nonprofits, suppliers, businesses and residents to foster community development. Los Angeles City Councilman Jose Huizar has assisted Whole Foods Market and Carmel Partners in navigating city processes and identifying local partners.

A ceremony held Feb. 6 at the intersection of Eighth and Grand commemorated the city turning the property over to Whole Foods Market to continue construction.

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Whole Foods Market’s 41,000-square-foot downtown Los Angeles flagship store to open Nov. 4, 2015

Whole Foods Market’s 41,000-square-foot downtown Los Angeles flagship store to open Nov. 4, 2015

X5 Retail Group: Fitch Ratings assigned the Company Long-term foreign and local currency Issuer Default Ratings of ‘BB’

Amsterdam, 2015-2-9 — /EPR Retail News/ — X5 Retail Group N.V. (‘X5’ or the ‘Company’), a leading Russian food retailer (LSE ticker: ‘FIVE’), announced today that Fitch Ratings (‘Fitch’) has assigned the Company Long-term foreign and local currency Issuer Default Ratings of ‘BB’ and a National Long-term Rating of ‘AA-(rus)’. The Outlooks for both ratings are Stable.

As stated in the rating agency’s press-release, ‘the ratings reflect X5’s strong market position and healthy operating performance in 2014, which we expect to continue in the medium term. The ratings are supported by moderate leverage together with adequate financial flexibility thanks to limited FX risks, capex scalability and adequate near-term liquidity profile’. Fitch also noted that ‘X5 is well positioned to retain and improve its market position in the medium term. The Company’s revenues and operating margins will not be negatively affected by consumers’ purchasing power erosion as a potential decrease in supermarket and hypermarket traffic will be offset by more frequent purchases at proximity stores. We also expect accelerated traffic migration to the largest retail chains, including X5, thanks to their better price proposition in comparison with traditional stores and small retailers.’

Note to Editors:

X5 Retail Group N.V. (LSE: FIVE, Fitch – ‘BB’, Moody’s – ‘B2’, S&P – ‘B+’) is a leading Russian food retailer. The Company operates several retail formats: the chain of proximity stores under the Pyaterochka brand, the supermarket chain under the Perekrestok brand, the hypermarket chain under the Karusel brand and Express convenience stores under various brands.

At 31 December 2014, X5 had 5,483 Company-operated stores. It has the leading market position in both Moscow and St. Petersburg and a significant presence in the European part of Russia. Its store base includes 4,789 Pyaterochka proximity stores, 403 Perekrestok supermarkets, 82 Karusel hypermarkets and 209 Express stores. The Company operates 34 DCs and 1,438 Company-owned trucks across the Russian Federation.

For the full year 2013, revenue totaled RUB 534,560 mln, EBITDA reached RUB 38,350 mln, and net income amounted to RUB 10,984 mln. In 9M 2014, revenue totaled RUB 452,285 mln, EBITDA reached RUB 32,365 mln, and net income amounted to RUB 9,869 mln.

X5’s Shareholder structure is as follows: Alfa Group – 47.86%, founders of Pyaterochka – 14.43%, X5 Directors – 0.04%, treasury shares – 0.04%, free float – 37.63%.

Contacts:
Gregory Madick
Executive IR Director
Tel.: +7 (495) 502-9783
e-mail: Gregory.Madick@x5.ru

Anastasiya Kvon
IR Director
Tel.: +7 (495) 792-3511
e-mail: Anastasiya.Kvon@x5.ru

Co-op Refinery Complex donates winter clothing to Geroy’s Coats 4 Kids campaign through the Huddle Up Foundation

Saskatchewan, Canada, 2015-2-9 — /EPR Retail News/ — There was a warm reception for Mother Teresa Middle School students in Regina Friday as CFL great Geroy Simon and Seattle Seahawk John Ryan handed out new coats, tuques and mitts.

This winter clothing is part of a $50,000 donation from the Co-op Refinery Complex to Geroy’s Coats 4 Kids campaign through the Huddle Up Foundation. The donation will equip thousands of children with winter jackets and create long-term sustainability for the foundation.

“We recognize the importance of giving back to a community and a province that has been so supportive of us,” said Gil Le Dressay, Vice-President of Refinery Operations. “We are so proud to be partnering with Geroy and the Huddle Up Foundation so that together we can make a practical difference to many children in need.”

Now in its second year, Geroy’s Coats 4 Kids campaign has distributed thousands of new and gently-used coats for kids aged four to 18 in Regina and across Saskatchewan. When he was playing with the Saskatchewan Roughriders, Simon was inspired to launch the campaign as a result of his dedication to community and youth.

“No kid should be without a coat in winters like we have here,” said Simon. “We all can make a difference by providing a basic necessity that contributes so much to the health and well-being of our kids.”

As ambassadors for the Huddle Up Foundation, Ryan and Simon also spoke to the students about what it takes to be a champion, sharing stories of success and defeat.
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Co-op Refinery Complex donates winter clothing to Geroy’s Coats 4 Kids campaign through the Huddle Up Foundation

Co-op Refinery Complex donates winter clothing to Geroy’s Coats 4 Kids campaign through the Huddle Up Foundation

BRC, EJF and WWF-UK inform UK industry, retailers and brands of the risks associated with “pirate” fishing

– Guide issued to industry on how to ensure illegal fish is kept out of supply chains
– Global annual cost of ‘pirate’ fishing estimated to be as much as US $23.5 billion

LONDON, 2015-2-9 — /EPR Retail News/ — In a detailed joint ‘Advisory Note’ launched today, the British Retail Consortium (BRC), Environmental Justice Foundation (EJF) and WWF-UK inform UK industry, retailers and brands of the risks associated with Illegal, Unreported and Unregulated (IUU) or ‘pirate’ fishing.

The guide offers expert advice on risk assessment and risk mitigation, and encourages action to prevent IUU fishery products entering UK supply chains, which is costly on a number of levels.

IUU fishing involves methods and practices that violate fisheries laws, regulations or conservation and management measures. Activities can include:

– Fishing in restricted areas or during closed seasons;
– Targeting protected or unregulated fish species;
– Using banned fishing methods and fishing without a licence.

The effects of these activities lead to damage to the oceans and species, as well as global financial estimated to be between US $10 billion and US $23.5 billion each year, representing 11 to 26 million tonnes of fish. There is often also a strong link between IUU fishing activities and human rights abuses on-board fishing vessels.

Eight key recommendations suggest actions for business and industry to provide much needed impetus. BRC, EJF and WWF-UK want to promote greater understanding and transparency to support global initiatives and policy developments that would further reduce risk of IUU products entering the UK. The recommendations include:

– Increased transparency and traceability of fish supplies;
– All large fishing vessels to have a unique identification to enable satellite tracking;
– Improve port controls to prevent influx of ‘pirate’ fish supply;
– EU to centrally coordinate database of fish catches.

As the world’s largest market for imported fish and fishery products, the EU has the potential to change behaviour through commercial incentives and international trade. The EU’s enforcement of the IUU Regulation is unique globally, but it is currently being unevenly implemented by Member States and more needs to be done in the UK, too, to ensure its full success. Steve Trent, Executive Director of EJF, said:

“We’re delighted to be working alongside the BRC and WWF-UK to promote the steps needed to eradicate ‘pirate’ fish products from UK supply chains. Knowing where, under what conditions and by which vessel, seafood is caught is a fundamental step towards building legal, sustainable fisheries. It is time for major retailers, brands, importers and suppliers to take determined, decisive action. Companies have the power and the right to demand accountability and require suppliers to provide information on where products come from.”

“We urgently need transparency and traceability in the seafood supply chain, and to secure better governance that ensures the protection of our global seas and oceans. The technology and management instruments now exist to do this and, crucially, they are economically feasible. What is needed now is the full engagement of the corporate sector, alongside government and other key stakeholders. In taking these actions it is valuable to recall that pirate fishing vessels are devastating fish stocks and all too often stealing from some of the poorest people on our planet.”

Tracy Cambridge, Fisheries and Seafood Manager of WWF-UK, said:

“Closing down markets to ‘pirate’ fish is the fastest way to eliminate the indiscriminate destruction IUU fishing wreaks on coastal communities and the marine environment on which they depend. Limiting the market invariably limits profit opportunities, thus taking away the financial incentive that drives IUU fishing.”

“This joint advisory note can empower UK importers, processors and retailers to play an increasingly leading role in bringing this destructive trade to an end.”

Designing and implementing an effective process to ensure due diligence in preventing pirate fish entering their supply chains provides a valuable opportunity for UK retailers and brands to support the global fight against IUU fishing while also reducing potential reputational and legal risks in seafood supply chains.

As well as helping to secure the future viability and health of global fisheries, the recommendations provided by the BRC, EJF and WWF-UK support easier monitoring of working conditions aboard the world’s fishing fleet and help ensure that products created under exploitative conditions are not allowed to enter the EU market.

Andrew Opie, Director of Food and Sustainability at the British Retail Consortium, said:

“We wanted to take a lead on this, working with informed partners EJF and WWF, to make a real difference in tackling the huge problem of illegally caught fish, estimated globally to cost up to $23bn . Our practical guidance will help all retailers and manufacturers ensure this fish does not enter our supply chains. This is a great example of British retailers using our expertise to influence global sourcing for the benefit of all and hope the principles will be adopted by other food companies abroad”

The European Union IUU Regulation, which came into force in January 2010, is designed to prevent IUU fishery products from entering the EU market. Prior to the Regulation, an estimated €1.1 billion of illegal fish entered the EU each year. The Regulation requires catch certificates for seafood imports and exports and bans the import of fish from states and vessels known to be involved in IUU fishing. As the largest seafood importer in the world by value, the EU has the potential to change behaviour through commercial incentives and international trade. The EU’s enforcement of the IUU Regulation is unique globally, but it is currently being unevenly implemented and more needs to be done in the UK to ensure its success.

Ends

For further information, please contact:

EJF: Alexandra Sedgwick,
Communications Coordinator, Alexandra.Sedgwick@ejfoundation.org
+44 (0) 207 239 3310, +44 (0) 7739 963301

WWF-UK: Rebecca Pain,
Business Media Communications Manager, rpain@wwf.org.uk
+44 (0)1483 412303, +44 (0) 7974 212544

BRC: Laura Blumenthal
Communications Assistant
British Retail Consortium

21 Dartmouth Street, London, SW1H 9BP
020 7854 8924
laura.blumenthal@brc.org.uk

EDITORS’ NOTES:

– The Advisory Note released today highlights some of the key risks associated with IUU fishing and outlines an approach to prevent IUU fishery products from entering UK supply chains. It offers an overview of a due diligence system – sources of information, risk assessment, audits and alternative sources – as well as key aspects to be considered – the fishery itself, fisheries management, supply chain management and supplier due diligence.

– It is estimated that almost 30% of global fish stocks are overfished, with fully fished stocks accounting for 60% and under–fished stocks 10%. (FAO 2014, FAO State of World Fisheries and Aquaculture Report (SOFIA) 2014).

– New research indicates that 20-25% of the most studied marine species are threatened with extinction – the same as the risk to land animals and plants (University of Sheffield, 2015).

– Global losses due to Illegal, Unreported and Unregulated (IUU) fishing are estimated to be between $10 billion and $23.5 billion each year. This is estimated to represent between 11 and 26 million tonnes of fish (MRAG and University of British Columbia 2009, Estimating the Worldwide Extent of Illegal Fishing).

– The EU IUU Regulation, which came into force in 2010, aims to keep illegally caught fish out of the EU market by requiring catch certificates for seafood imports and exports. It also bars the import of fish from states and vessels known to be involved in IUU fishing. The Regulation and the EU’s enforcement of it are unique globally.

– The EU is the largest seafood importer in the world by value, importing 24% of the global total. (DG MARE 2014, The EU Fish Market 2014 edition).

– The value of illegally caught fish imported into the EU was estimated to be in the region of €1.1 billion, prior to the EU IUU Regulation coming into force. (European Commission 2007, European Commission Staff Working Document SEC – 1336).

– The British Retail Consortium (BRC) is the lead trade association for the entire retail industry. www.brc.org.uk

– The Environmental Justice Foundation (EJF) is a UK-based charity working internationally to protect the environment and defend human rights. EJF believes environmental security is a human right. EJF is a charity registered in England and Wales (1088128). Find out more www.ejfoundation.org Follow EJF on Facebook, Twitter or Instagram.

– WWF is one of the world’s largest independent conservation organisations, with more than five million supporters and a global network active in more than one hundred countries. Through our engagement with the public, businesses and government, we focus on safeguarding the natural world, creating solutions to the most serious environmental issues facing our planet, so that people and nature thrive. Find out more about our work, past and present at www.wwf.org.uk
Follow WWF-UK on Facebook, Tiger Facebook, Twitter or Pinterest –

The Lowe’s Charitable and Educational Foundation awarded $2.3 million in Lowe’s Toolbox for Education® grants to 515 schools nationwide

MOORESVILLE, N.C., 2015-2-9 — /EPR Retail News/ — The Lowe’s Charitable and Educational Foundation has awarded $2.3 million in Lowe’s Toolbox for Education® grants to 515 schools in 46 states during the program’s fall 2014 grant cycle. The grants will fund school-improvement projects benefiting K-12 public education during the current school year. Lowe’s awarded $4.7 million in grants to more than 1,100 schools this past year.

“The Lowe’s Toolbox for Education program delivers on Lowe’s commitment to improve the educational environment for students across the country,” said Maureen Ausura, chairwoman of the Lowe’s Charitable and Educational Foundation. “We’re honored to work with schools in our communities to support the needs of our local students, teachers and families.”

The Toolbox for Education grants will fund public school projects, including technology and safety improvements, library renovations, walking trails and outdoor learning environments. Since its inception in 2006, Lowe’s Toolbox for Education has provided more than $42 million in grants to improve 9,600 schools, benefiting more than 5 million schoolchildren. Grants are available to K-12 public schools in the United States for a wide range of improvement projects. Large schools and school districts are eligible to receive Toolbox grants up to $100,000.

“Our library has had the same furnishings since opening in the 1970′s,” said Ginger Corder, librarian at North Coffee Elementary in Manchester, Tennessee, recipient of a$14,000 grant for new furniture and flooring. “With the help of the Lowe’s Toolbox for Education grant, we will be able to create a space for our students that is safe and inviting while fostering a love and excitement for reading and exploring.”

Lowe’s fall Toolbox for Education grant recipients include:

  • Metcalfe Elementary School, Gainesville, Florida: The Lowe’s Charitable and Educational Foundation awarded a $20,000 grant to Metcalfe Elementary to build a playground. The school has been without a playground for two years. The new playground will provide students with a safe place to play and exercise.
  •  Jewell Elementary School, Aurora, Colorado: Jewell Elementary School received a $5,000grant to convert a mobile classroom into a Parent Resource Center. The mobile classroom was no longer being used, and the school was in need of a place where parents could support their children’s educational needs.
  • Priest Elementary School, Detroit: The Lowe’s Charitable and Educational Foundation awarded a $3,000 Lowe’s grant to Priest Elementary School to build an outdoor classroom. The outdoor classroom will include four raised garden beds, a butterfly garden and a small library.

To view the complete list of grant winners and for information about applying for a grant, visit ToolboxForEducation.com. The spring cycle is currently open and will close Feb. 13, 2015.

Since 1957, the Lowe’s Charitable and Educational Foundation has helped communities nationwide through financial contributions and support for employee volunteerism.

ABOUT LOWE’S
Lowe’s, a FORTUNE® 100 home improvement company, has a 50-year legacy of supporting the communities it serves through programs that focus on K-12 public education and community improvement projects.  Since 2007, Lowe’s and the Lowe’s Charitable and Educational Foundation together have contributed nearly $200 million to these efforts, and for more than two decades Lowe’s Heroes employee volunteers have donated their time to make our communities better places to live. To learn more, visit Lowes.com/SocialResponsibility and LowesInTheCommunity.tumblr.com.

Contact

If you’re a journalist working on a story about Lowe’s:704-758-2917
PublicRelations@lowes.com

For customer inquiries:1-800-445-6937

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The Lowe’s Charitable and Educational Foundation awarded $2.3 million in Lowe’s Toolbox for Education® grants to 515 schools nationwide

The Lowe’s Charitable and Educational Foundation awarded $2.3 million in Lowe’s Toolbox for Education® grants to 515 schools nationwide

Marks and Spencer Group plc confirms that Helen Weir CBE will take up the position of CFO and join the Board on 1st April 2015

LONDON, 2015-2-9 — /EPR Retail News/ —  Further to the announcement made on 17th November 2014, and in accordance with paragraph 9.6.12 of the Listing Rules, Marks and Spencer Group plc today confirms that Helen Weir CBE will take up the position of Chief Finance Officer and join the Board on 1st April 2015.

For further information, please contact:
Corporate Press Office  020 8718 1919
Investor Relations  020 8718 1563

Notes to Editors:

Helen is a Non-Executive Director of SAB Miller and an Independent Non-Executive Director of The Rugby Football Union.
Previous non-executive appointments include City of London Investment Trust Plc, Royal Mail Holdings, Supervisory Board of Hornbach Holding AG and member of the Accounting Standards Board.

Helen is a Fellow of the Chartered Institute of Management Accountants and was awarded a CBE for services to Finance in 2008.

Helen was until recently Chief Financial Officer at the John Lewis Partnership. She joined John Lewis in 2012 from Lloyds Banking Group plc where she was Group Executive Director, Retail having been Group Finance Director at Lloyds from 2004-2008.  Prior to this, Helen was Group Finance Director of Kingfisher plc, and Finance Director of B&Q. She spent her early career at Unilever and McKinsey & Co.