Content about Private

May 23, 2013
Alliance Data to launch private label credit card program for TigerDirect

Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data announced its retail services business has signed a multi-year agreement to provide private label credit card services for multichannel computer and electronics retailer TigerDirect, a subsidiary of Systemax, Inc.

May 23, 2013
Rue21 to be acquired by Apax Partners in $1.1 billion deal

Apax Partners will acquire the 900-store, teen apparel retailer Rue 21 in a deal valued at about $1.1 billion.

May 10, 2013
Private equity firm TowerBrook Capital to acquire True Religion for $835 million

True Religion Apparel has entered into a definitive merger agreement with New York and London-based investment management firm TowerBrook Capital Partners, in a transaction valued at approximately $835 million.

May 7, 2013
Wrap-up coverage of Chain Store Age's 49th annual SPECS
Store Development and Facilities

Store development and facilities professionals from some of the nation's biggest retail and restaurant chains gathered in Dallas to attend Chain Store Age's 49th annual SPECS Conference, at the Hilton Anatole Hotel. The event attracted professionals involved in the design, planning, and construction of stores and restaurants, along with those in facilities management.

May 3, 2013
NRF: Retailers stepped up hiring in April

The retail industry, the nation’s largest private sector employer, added 29,000 jobs in April, indicating that retailers are seeing signs of an improving economy, and as a result, added to their payrolls heading into the summer, according to the National Retail Federation.

April 1, 2013
Founding family to take American Greetings private

American Greetings Corp. said that the founding Weiss family has reached a deal to acquire the gift cards and party goods company for about $878 million.

March 27, 2013
Academy Service Group sells Academy Fire Protection

Academy Service Group, nationwide provider of facility maintenance services, announced Wednesday that it has sold Academy Fire Protection to a California-based private equity firm.

March 15, 2013
The Retail M&A Market: Trends for 2013

Mergers and acquisitions transaction activity in the U.S. retail sector jumped 39% in 2012 for deals greater than $50 million, while total deal value more than doubled. These gains point to an industry undergoing major changes, one that is attracting considerable interest from a wide range of players.

March 7, 2013
Sycamore Partners to acquire Hot Topic for $600 million

Hot Topic announced it has agreed to be acquired by New York-based private equity firm Sycamore Partners for $14.00 per share in cash, or a total of approximately $600 million.

February 13, 2013
GE Capital renews private label card program with J.C. Penney

GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with J.C. Penney Co.

January 23, 2013
Pilgrim Furniture City expands partnership with TD Retail Card Services

Connecticut retailer Pilgrim Furniture City has expanded its relationship with TD Retail Card Services, moving from the company’s Renovate Card program to a branded private label card created specifically for Pilgrim customers.

January 10, 2013
Wal-Mart to join Arkansas healthcare initiative

Wal-Mart Stores Inc. and Arkansas governor Mike Beebe announced Thursday that Wal-Mart will join an Arkansas program intended to change the way that private insurers and Medicaid pay for services.

December 27, 2012
Ollie’s Bargain Outlet

At the back of the new Ollie’s Bargain Outlet in Reading, Pa., is a self-serve café setup with a sign that proclaims: “The Pot’s Always On. Have a free cup of coffee on us, and if you like, use two sugars … it’s been a pretty good year!”

From the sounds of things, there hasn’t been a bad year since the first Ollie’s opened in Mechanicsburg, Pa., in 1982.

December 17, 2012
Caribou Coffee Co. acquired by private investment firm

Investment firm Joh. A. Benckiser Group agreed to acquire Caribou Coffee Co. for approximately $340 million.

December 13, 2012
Walmart considering acquiring stake in Turkish retailer

A report by the Financial Times said that Wal-Mart Stores Inc. is in discussions with Turkish retailer Migros Ticaret AS to acquire an 80% stake in the company from London-based private equity group BC Partners.

December 4, 2012
Report: Private equity firm increases stake in DSW

Multiple reports on revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

November 26, 2012
Versa Capital Management acquires Eastern Mountain Sports

Versa Capital Management, a Philadelphia-based private equity investment firm, has acquired Eastern Mountain Sports (EMS), effective immediately.

October 23, 2012
Cerberus reportedly seeking financing for Supervalu deal

Multiple reports suggested that private equity firm Cerberus Capital Management, which owns Albertsons LLC, may be putting together a deal to buy all or part of the grocery chain.

October 22, 2012
REI names COO

tdoor gear and apparel retailer REI said it has promoted Brian Unmacht to COO, expanding his role to oversee retail, e-commerce, merchandising, private brands, information technology and supply chain.

October 11, 2012
Alliance Data signs multi-year renewal agreement with Crate and Barrel

Alliance Data Systems Corp., a provider of loyalty and marketing solutions derived from transaction-rich data, announced its Retail Services business has signed a multi-year renewal agreement to continue providing the private label credit card program for multichannel home furnishings retailer Crate and Barrel.

October 5, 2012
Canada’s The Brick Group taps TD Financing Services for private label credit card program

The Brick Group, one of Canada’s largest volume retailers of home furnishings, bedding, appliances, and home electronics under one roof, has selected TD Financing Services Inc., a wholly owned subsidiary of The Toronto-Dominion Bank and an affiliate of Mahwah, N.J.-based TD Retail Card Services, to administer its private label credit program.

August 28, 2012
Private equity company Clayton, Dubilier & Rice to acquire David’s Bridal

Private equity firm Clayton, Dubilier & Rice on Tuesday announced a definitive agreement to acquire the 300-store David’s Bridal in a deal that values the bridal dress retailer at $1.05 billion.

August 27, 2012
Best Buy and Schulze in due diligence deal

Best Buy Co. announced that it has agreed to let founder and former chairman Richard Schulze conduct due diligence and form an investment group with private equity sponsors as he tries to take the retailer private.

August 16, 2012
Best Buy founder Schulze remains committed to takeover

Best Buy Co. co-founder Richard Schulze said that he is staying the course on his plan to acquire the company and take it private, adding that he has heard from a lineup of private equity firms prepared to make "significant commitments."

August 15, 2012
Spotlight on J.C. Penney

All eyes are on J.C. Penney Co. as it rolls out the first wave of its branded shops to nearly 700 stores nationwide. 

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