Business Monday: Price Chopper/Market 32 to merge with Tops Markets
The merger will nearly double the collective footprint of the two chains, which own stores in Connecticut, Massachusetts, New Hampshire, New York, Vermont, and Pennsylvania.
Schenectady / Williamsville, N.Y. Price Chopper/Market 32 and Tops Markets today announced they have entered into an agreement that nearly doubles the collective Northeast footprint of the two independent grocery chains.
Scott Grimmett, Price Chopper/Market 32 president and CEO, will be CEO of and serve on the board of directors of the new parent company, which will oversee the operations of nearly 300 Price Chopper, Market 32, Market Bistro, and Tops Markets stores, and collectively employ more than 30,000 people. Frank Curci, Tops Markets chairman and CEO, will also serve on the board and as a consultant to assist in the transition. Blaine Bringhurst, Price Chopper/Market 32 executive VP of merchandising, marketing, and store operations, wi
Gensler clashed with SEC investor-advice rule in sign of changes to come at regulator
If confirmed, he’s likely to lead the market regulator in a sharply different direction from the one charted by his predecessor, Wall Street lawyer Jay Clayton.
Gary Gensler testifies on Capitol Hill in Washington, Tuesday, July 30, 2013, before the Senate Banking Committee. | J. Scott Applewhite/AP Photo
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When Gary Gensler chaired a Maryland financial protection commission in 2019, the group called on state lawmakers to adopt a strict standard to prohibit conflicts of interest by professionals offering investment advice.
What was striking about Gensler’s move is that it came just before the Securities and Exchange Commission in Washington finalized its own national rule, one of the agency s most significant regulations during the Trump administration and one that investor advocates had denounced as too weak.
St. Louis Public Radio
The demolition of the old Crestwood mall was completed in 2017, but signs remain on the property.
Crestwood officials are hopeful they finally have a redevelopment plan for the old mall site that will stick.
The city is in the initial planning and financing stages for a retail, restaurant and housing project on a nearly 50-acre site in the heart of Crestwood along Watson Road.
Two big-name local companies are combining on the project: Dierbergs Markets and McBride Homes. The grocery chain wants to build a roughly 70,000-square-foot store, along with other retail and eating establishments. The homebuilder has plans for nearly 80 new houses.