Morrisons Buys Stake in FreshDirect

NEW YORK — British supermarket retailer Wm Morrison Supermarkets PLC has acquired a 10% stake in online grocer FreshDirect, based here, for about $50 million, Morrisons said Thursday.

In addition, FreshDirect said Rick Braddock has left the company as chief executive officer. Its board of directors has named Jim Manzi, a board member, to assume the responsibilities of chairman, and Jason Ackerman, FreshDirect founder and chief financial officer, to take on additional operationa

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