Finance & Capital Management

Atlanta - Arby's Restaurant Group Inc. (ARG), franchisor of Arby’s, has signed development agreements with new and existing franchisees. ARG recently sold 14 company-operated restaurants in Tampa, Fla., to Mosaic Investments Inc., a fully integrated investment firm based in Atlanta. In addition to remodeling existing locations slated to commence at the end of 2014, Mosaic has committed to build 13 new Arby's restaurants in the Tampa area during the next nine years.

Atlanta — JLL has announced the closing of the sale of Market Square at Montrose on behalf of LaSalle Investment Management to HP Realty LLC. Purchased for $32.5 million, the 510,231-sq.-ft. retail center hosts anchors Home Depot, J.C. Penney, Levin Furniture, Dick’s Sporting Goods, Regal Cinemas, Toys “R” Us and Cost Plus World Market.

“Akron and similar cities are back in favor with investors,” commented Kris Cooper, a JLL managing director.

ChannelAdvisor, a leading provider of cloud-based e-commerce solutions, has promoted Ryan Walsh to chief revenue officer.

"Ryan's contributions to the company have been extraordinary for over a decade, and in recent years he has been a key architect of our accelerating growth story," said David Spitz, ChannelAdvisor president and COO. "I’m pleased to recognize Ryan’s talents with this promotion, and as we scale our sales organization globally, I’m confident that Ryan’s leadership will continue to serve us well."

Bebe Stores is updating its net loss per share guidance for the third quarter ended April 5 based on its preliminary financial results.

Comparable store sales for the quarter decreased approximately 5.7%. Net sales were approximately $93 million, a decrease of 17.2% from $113 million reported for the third quarter a year ago. The company said the sales decrease was due partially to one fewer retail week in January in the current fiscal year coupled with the closure of 19 unproductive stores since the prior year third fiscal quarter.

Troy Risch resigned his position EVP of store operations at RadioShack the company disclosed in a filing with the Securities and Exchange Commission on Tuesday.

Protection plan provider SquareTrade launched a major program with Sam’s Club last week and this week the company named a former private equity executive to lead its North American business.

Raj Kapoor, a former Bain Capital executive, joined SquareTrade as SVP of North America to lead business development, field sales operations and business process teams.

New York -- E-commerce company Birchbox, provide subscribers with monthly boxes of personalized beauty products for a monthly fee, announced Monday that it has raised $60 million of Series B funding from a group led by Greenwich, Conn.-based Viking Global Investors, Crain’s New York reported.

Birchbox, which is set to open its first physical store this spring, now has more than 800,000 subscribers receiving 6,500 different products from 800 brand partners.

By Amy Lally and Leah Abeles, Sidley Austin LLP

Tampa, Fla. - The Melting Pot Restaurants  plans to expand its footprint in select markets throughout the U.S., and Canada. Domestically, the company is looking to recruit new franchisees in cities such as Anchorage, Alaska; Little Rock, Ark.; Fresno, Calif.; Hartford, Conn.; Des Moines, Iowa; New York City; Chattanooga, Tenn.; Charleston, S.C.; and Portland, Maine, as well as Houston and El Paso, Texas.

Cincinnati -- Associates working at Kroger stores in the Atlanta metro and surrounding area have ratified new labor agreements with UFCW Local 1996. The contracts cover 23,598 associates working in 163 stores in the Atlanta area and 12 in Savannah.