WINN NAMED NEW CEO OF C&S WHOLESALE GROCERS
Eric Winn will take over as the new CEO of Keene-based C&S Wholesale Grocers.
He will assume the role Oct. 2 when current CEO Bob Palmer retires.
Winn, the company’s current chief operating officer, joined the organization in 2004 and has held several leadership positions in that time.
Palmer, who initially retired in 2019, came out of retirement to become CEO in October 2020. He joined the organization in 1986 as head buyer and was promoted to vice president in 1995, their website states. The company’s announcement also stated that Palmer will continue to provide guidance as a member of the board of directors.
NH INVESTORS PART OF $5.5M METALS INVESTMENT SETTLEMENT
New Hampshire investors will be eligible for part of $5.5 million in a multi-state enforcement action against Lear Capital, a bankrupt company that sells and buys back metals through both direct-to-consumer transactions and self-directed IRA transactions.
The state securities regulators had been investigating the Los Angeles-based company for deceptive activities and misleading marketing at the time of the company’s Chapter 11 bankruptcy filing in March 2022.
The NH Bureau of Securities Regulation announced that investors who purchased retail precious metals from the company will receive compensation determined by Lear’s bankruptcy plan.
In addition, Lear will provide a pro rata distribution of the remaining funds to investors who did not file claims. The pro rata distribution applies to investors who bought precious metals from Lear between January 1, 2016, and March 3, 2022.
The bureau said the company has also agreed to improve its sales practices and disclosures, including agreeing not to misrepresent its fee, not to offer portfolio assessments of securities holdings, not to hold itself out as an investment adviser in any way, and not to provide investment advice, or commit securities or commodities fraud.
LOWER ELECTRIC RATES IN EFFECT FOR EVERSOURCE, UNITIL CUSTOMERS
New lower electric supply rates took effect Aug. 1 for customers of two of New Hampshire’s largest power providers.
Eversource customers are now paying about 12.5 cents per kilowatt-hour, down by more than a third from the previous 20-cent rate.
For Unitil customers, the new electric supply rate will be about 13 cents per kilowatt-hour, down from nearly 26 cents.
Both utilities said these rates are dropping because the cost to buy power is down.
CHRISTMAS TREE SHOPS TO CLOSE ALL STORES BY AUG. 12
Following the earlier closing of two of its four New Hampshire stores, the remaining Christmas Tree Shops outlet in the Granite State are closing for good on Aug. 12.
The two remaining Christmas Tree Shops are in North Conway and Salem. Stores in Nashua and Portsmouth closed last month.
The iconic 53-year-old chain from Cape Cod filed for bankruptcy protection but later was forced to liquidate because of worsening finances.
At its height, the chain had 70 stores in 20 states, selling a wide range of merchandise at discount prices.
