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Old 07-10-2008, 02:17 PM
 
Location: Va Beach
3,508 posts, read 11,899,224 times
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What's sad, is trader joes was sold to a foreign company.
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Old 07-12-2008, 05:31 PM
 
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That is sad, Erma. I just hope their product quality and prices don't change. About every month I make the trip up to Newport News from the Beach and return with my car loaded with bags of frozen uncooked shell-on shrimp, jarred Morello cherries, unbelievably cheap Parmigiano-Reggiano and even cheaper wine (a high-quality Barolo for $16!!!). This place is like heaven to me, it would be such a shame to have it become something different now that it is finally coming to VB.
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Old 07-13-2008, 06:15 AM
 
Location: Williamsburg
1,153 posts, read 3,342,106 times
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AS an FYI Trader Joes has been German owned since 1977.
Since 1977, the company has been owned by Theo Albrecht, the billionaire behind the Aldi Nord supermarket chain.
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Old 07-13-2008, 09:19 AM
 
Location: Va Beach
3,508 posts, read 11,899,224 times
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Caribou Coffee &
Church's Chicken


A Minneapolis couple thought up Caribou Coffee on their honeymoon trip out west. They opened their first shop in 1992. Six years later they sold out to the predecessor of Arcapita, which is backed by the Bahrain-based First Islamic Investment Bank. Arcapita, which conforms to Sharia Law, also owns Church's Chicken.

Trader Joe's

The original Trader Joe was 26-year-old Joe Coulombe, a manager at Rexall Drug, which wanted to get into convenience stores. In the sixties, Joe bought the convenience store chain from Rexall, changed the name and concentrated on offering affordable, exotic foods with a healthy and environmental bent and tropical décor. German billionaires Karl and Theo Albrecht, who owned ALDI, bought Coulombe out in 1979 but kept him as CEO.

7-Eleven

The Southland Ice Company started selling food at off hours to customers in 1927. By 1946 -- long before the concept of 24/7 -- the company changed the store name to 7-Eleven to advertise its long hours. The founder tried to buy out the company but got caught in the market crash of 1987. His largest franchisee, Japan's Ito-Yokado, got equity and now its parent, Seven and I, own 7-Eleven.

Holiday Inn

A Memphis family driving to D.C. was appalled by local motels, so the father, Kemmons Wilson, already an entrepreneur and builder, vowed to start his own chain. He opened the first Holiday Inn -- named after the Bing Crosby movie -- in 1952. The green neon signs sprang up around the country, luring weary travelers with the promise of consistent quality. He retired 27 years later and then the firm was bought by Brits from Bass (as in the beer), a company that later morphed into InterContinental Hotels Group
Dial Soap

Armour, the Chicago meatpacking company, sold, canned and used the byproduct tallow to make soap. When they added a germicide in 1948, Armour branded the soap Dial because you could wear it for 24 hours -- or around the dial. The company went through many corporate machinations, was owned by Greyhound for a while, and in 2004 the Dial Corporation was bought by conglomerate Henkel KGaA, based in Dusseldorf, Germany.

Shell

It's hard to imagine a Dutch company called Koninklijke Nederlandsche Petroleum Maatschappij becoming a household name in the U.S., so call it by its nickname: Shell, or the more formal Royal Dutch Shell. The Shell nickname comes from a British trading company that specialized in Asian shells in the 1830s, then turned to oil. The Royal Dutch part comes from an oil company started in 1890 and merged with Shell in 1907.

T-Mobile

The one thing consistent in T-Mobile's decade-and-a-half history has been grating TV ads starring first Jamie Lee Curtis, then Catherine Zeta-Jones. What hasn't been consistent is its name or nationality. The company started as Western Wireless, which merged then spun off as VoiceStream Wireless. In 2001 it was bought and rebranded by Deutsche Telekom, the publicly traded remnant of the former state-owned German telephone company.

Firestone

Henry Firestone started the Firestone Tire and Rubber Company in Akron, Ohio, in 1900. The company expanded rapidly across the country and into all kinds of other businesses. In the 1970s the company had to pay the then-largest corporate fine ever after its radial tires were blamed in 34 deaths. The company cut back radically and sold itself to Japan's Bridgestone in 1988.

Sunglass Hut

Optometrist Sanford Ziff opened a kiosk in Dadeland Mall, Miami, in 1971, hoping to sell luxury sunglasses. He sold off part of the business to expand, then cashed out completely after two decades. The company gobbled up rivals and expanded overseas. In 2001 Italian eyewear seller Luxottica Group bought it.

The Indiana Toll Road

Indiana calls itself the "Crossroads of America." The Indiana Toll Road -- otherwise known as part of the cross-continental Route 80 -- links the Midwest to the East Coast. The state of Indiana built the road in 1965, then leased it to a joint venture of Spain's Cintra and Australia's Macquarie for $3.8 billion in 2006 for 75 years. Truckers boycotted for a while and now drivers are complaining about long toll lines. In 2008 the cash toll was raised from $4.65 to $8 to ride the whole 157 miles.

The Chicago Skyway

If you keep driving on the Indiana Toll Road towards Chicago, you'll hit the Chicago Skyway, which was leased by the same Australian-Spanish consortium for $1.83 billion for a 99-year lease starting in 2005. The Chicago Tribune reports that when residents feel underserved, they continue to ask what the city did with all the money.

Puget Sound Energy?

Seattle Australian investment bank Macquarie is leading a group that's trying to buy Washington State's Puget Sound Energy for $7.8 billion. Consumers are wary of how much debt the company would have after a leveraged buyout.

Chicago Midway Airport?

The Second City's second airport is on the block. Chicago Mayor Richard M. Daley, a huge fan of privatization, hopes to get billions for a 50-year lease. The FAA has a pilot program for airport privatization that allows five regular airports and one hub to privatize. Midway wants to be the one hub and has made progress getting airline approval. Six groups are competing -- five of them are foreign. The nationalities involved include Spanish, Australian, German, Canadian and French.

The Pennsylvania Turnpike?

For the last two years, Pennsylvania has been mulling over whether to offer a 75-year lease for its turnpike. If it does, the leading contenders are foreign. The deal has hit a snag because of analysis that shows the highest bid of $12.8 billion from a Spanish company is too low and would likely result in higher tolls and lower infrastructure funding.
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Old 07-13-2008, 10:15 AM
 
Location: Williamsburg
1,153 posts, read 3,342,106 times
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You will probably be able add Anheuser-Busch to this list next week. It seems that a sale is imminent to InBev a Belgian based brewer that already is the world's largest beer brewer even before this takeover of AB take place.
You can sign a petition to voice your protest here http://saveab.com/ or here http://www.savebudweiser.com/ although it seems to be a foregone conclusion
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Old 07-13-2008, 10:24 AM
 
Location: Va Beach
3,508 posts, read 11,899,224 times
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Quote:
Originally Posted by Mr Williamsburg View Post
You will probably be able add Anheuser-Busch to this list next week. It seems that a sale is imminent to InBev a Belgian based brewer that already is the world's largest beer brewer even before this takeover of AB take place.
You can sign a petition to voice your protest here http://saveab.com/ or here http://www.savebudweiser.com/ although it seems to be a foregone conclusion
I heard that on the news this weekend. I wonder who's going to take over Busch Gardens? Will this be included in the sale of the brewery?
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Old 07-13-2008, 12:24 PM
 
Location: Virginia Beach, VA
98 posts, read 730,402 times
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No theme parks will be included in the sale to In Bev-strictly beverage only.

Having lived in St. Louis for over 12 years, it really makes me sad that this is happening.
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Old 07-13-2008, 12:51 PM
 
Location: Va Beach
3,508 posts, read 11,899,224 times
Reputation: 1010
Quote:
Originally Posted by stltova View Post
No theme parks will be included in the sale to In Bev-strictly beverage only.

Having lived in St. Louis for over 12 years, it really makes me sad that this is happening.
How so?
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Old 07-13-2008, 02:45 PM
 
Location: Virginia Beach, VA
98 posts, read 730,402 times
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First off, the impact on the economy in St. Louis. Though it won't be immediate, jobs will certainly be eliminated. Second, the impact it creates in other markets, for example here in Hampton Roads. From the brewery in Williamsburg to general advertising AB does with the Pilot- all of this can/most likely will be affected.

Next, AB leaving St. Louis follows many other mergers and takeovers that hit St. Louis over the years. McDonell Douglas taken over by Boeing, May Company stores bought by Federated, AG Edwards being purchased by Wachovia, and TWA being bought by American- (lots of people were laid off initially, even before airlines started to lose money). There are more, but you see my point.

A-B has always been a St. Louis product. The place where the brewery sits today was opened in 1852. Sad to see it sold to a foreign company.

Shareholders will be happy and in the business world, the board has to do what is in the best interest of the shareholders and not the employees or local folk. Still, it's a sad situation.

It will also be interesting to see what exactly happens with Busch Gardens, Sea World, Sesame Place and Grant's Farm in St. Louis. These are all top notch theme parks that hopefully will remain that way!!!! Water Country is also owned by A-B.
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Old 07-14-2008, 08:47 AM
 
Location: Williamsburg
1,153 posts, read 3,342,106 times
Reputation: 361
From The Daily Press:
InBev will, however, sell off "non core assets"( I assume this means Busch Gardens, Water Country, Sea World, Etc ) from both companies to raise some $7 billion to finance the deal to acquire Anheuser Busch . It will also borrow $45 billion and may sell shares to raise another $9.8 billion.
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