Tuesday, August 22, 2000

Tristate Business Summary


P&G, Friday's give Fit a push

        Procter & Gamble Co. and national restaurant chain TGI Friday's are stepping up their co-promotion of P&G's Fit produce cleaner, which Friday's restaurants began using in June.

        Beginning Sept. 1, the Cincinnati packaged-goods maker will begin touting Fit with newspaper coupons good for $3 off a bottle of Fit and $5 off a meal at Friday's, P&G confirmed Monday.

        The restaurant chain also will promote Fit with, among other things, in-store window decals, table tents and menu inserts.

        This spring, Friday's became the first national restaurant chain to use the professional version of Fit — a powder formula that dissolves in water and removes dirt, chemicals and other residue on produce.

        The Fit Fruit & Vegetable Wash sold in retail stores comes in a spray bottle.
       

Cinergy teams with
SouthAfricangroup

               Cinergy Global Power Inc., the international development arm of Cinergy Corp., has teamed with a consortium of South African companies to buy Metro Gas, which serves 13,000 customers in Johannesburg.

        The partnership, Egoli Gas, was picked last year as the preferred bidder for Metro Gas, which employs 107, by the Johannesburg Metropolitan Council. Egoli will have the right to distribute gas throughout Greater Johannesburg, a market of 2.2 million people. The purchase price was not disclosed.

        Cinergy's partners, which can increase their initial 5 percent equity to 20 percent in the future, are Pulamadiboho Investments, Merafe Investments, Chemsol Management Services and Palesa Property Investments.

        — From staff reports

       



Fliers seething in the skies
Riverboats reel in gamblers, dough
Fed's mood as weighty as action
GE engines face inspection
Ex-Mercantile CEO joins Federated
Ford closes plants to use new tires as replacements
Industry notes: Banking
- Tristate Business Summary
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