7-ELEVEN: is set to launch a proprietary line of functional foods and beverages, tapping the low-fat, low-carb craze and America’s concerns about the growing epidemic of obesity, the company said. The product line, produced under the Formula 7 brand, includes energy drinks and an endurance bar.
ABERCROMBIE & FITCH CO.: President and CEO Robert S. Singer left the company after 15 months over a difference in approach to the retailer’s plans for international expansion. His resignation took effect today. Two senior managers, John Lough, executive VP-logistics and store operations, and Mike Kramer, CFO, will assume Singer’s duties.
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