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Finance & Capital Management

  • Kroger names P&G exec as senior VP, new business development

    Cincinnati -- The Kroger Co. named Alex Tosolini to serve in the newly-created role of senior vice president of new business development, effective Nov. 3.  

  • Ann in non-disclosure agreement with Golden Gate Capital

    New York -- Ann Inc., parent of Ann Taylor and Loft, said Tuesday it has entered into a non-disclosure agreement with Golden Gate Capital to provide certain non-public information with the private equity firm.    Golden Gate disclosed in a filing in March it bought a 9.5% stake in the women's clothing retailer. Ann said it has been engaged in a "collaborative, constructive" dialogue with Golden Gate since March. 

  • Domino’s promotes three execs

    Ann Arbor, Mich. -– Domino’s Pizza Inc. named Richard E. Allison, 47, president, Domino's International.   Allison has been with the company since 2011 and has led its international division since that time, succeeding Michael T. Lawton, current CFO, who ran the division prior to Allison. Prior to Domino's, Allison spent more than 13 years at Bain & Company, where he was a partner and co-leader of the firm's restaurant practice.   

  • Luxottica CEO resigns after 6 weeks

    Milan, Italy -– Enrico Cavatorta, who accepted the role of CEO at global eyewear manufacturer/retailer Luxottica Group in September 2014, has resigned due to what the company termed disagreements with corporate governance structure. Board member Roger Abravanel also resigned for the same reason.  

  • Maurices adds stores for holiday cheer

    The Maurices division of Ascena Retail Group is rolling toward a footprint of more than 1,000 locations with a new round of stores opening in advance of the holidays.

    Maurices plans to open sixteen locations before November 10 giving the Ascena subsidiary a total of 938 locations. The company contends the U.S. and Canada can support more than 1,300 locations.

  • Downtown Doral retail phase launches construction

    Miami -- A visionary downtown Miami project has launched construction, promising to deliver a mix of uses and a true urban community.  

  • The Wet Seal in cost-cutting mode, announces headcount reductions

    Foothill Ranch, Calif. -- The Wet Seal announced a workforce reduction resulting in the elimination of a combination of 78 filled and open positions, including  66 positions at the company’s corporate office, or a 24% reduction in headcount, and 12 positions at the field management level, representing a 20% decrease. The cuts are the first steps in the retailer’s initiative to reduce its overall cost structure.   

  • Wolverine names Divol to board

    Leading footwear manufacturer Wolverine Worldwide added an executive with an ideal background for a data insecure world to its board of directors.

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