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Finance & Capital Management

  • Mid-America’s Panovich honored for Lifetime Industry Leadership

    Chicago — C. Michelle Panovich, principal and executive VP, Mid-America Asset Management will receive the Lifetime Industry Leadership Award at the 12th annual Real Estate Gala hosted by the Marshall Bennett Institute of Real Estate at Roosevelt University. The event will take place on Nov. 7.

    Christopher G. Kennedy, chairman of Joseph P. Kennedy Enterprises, will keynote the event, which draws more than 400 attendees annually and benefits Roosevelt’s real estate program.

  • Togo's opens Ripon, Calif., location

    Ripon, Calif. — Togo's Eateries has announced the opening of its first location in Ripon, Calif.

    The restaurant will host a ribbon cutting ceremony on Sept. 5 at 11:30 a.m. In addition, a grand opening celebration has been planned for Saturday, Sept. 7 from 11 a.m. – 1 p.m.

    Togo's in Ripon will also offer online ordering and catering services for in-store pick up.

  • Cycle Gear opens first Wisconsin store

    Benicia, Calif. — Cycle Gear Inc. has announced the chain’s first Wisconsin store in Brookfield, a suburb of Milwaukee. With this new location, Cycle Gear now operates more than 100 stores in 29 states.

    The Brookfield store is now open now and will have a grand opening celebration from Sept. 13 to Sept. 15 featuring sales and vendor appearances.

     

  • AutoZone adds new board members

    Brinker International chairman Doug Brooks and First Horizon National Corp. CEO Bryan Jordan were elected to the AutoZone board of directors.

    The addition of Brooks and Jordan give AutoZone a total of 11 board members. The company is due to report fourth quarter financial results on September 25.

  • More change coming at Big Lots

    Big Lots overcame a 2.2% same store sales decline at its U.S. stores to post better than expected second quarter earnings, but indicated full year profits could be below the prior year.

  • RetailMeNot upgrades apps, adds functionality

    The world’s largest digital coupon marketplace, RetailMeNot.com, has introduced new functionality and platform integration capabilities to its popular service with the launch of version 3.0 of its iOS and Android coupons app.

  • Yankee Candle now part of Jarden brand portfolio

    Global consumer products company Jarden Corp. agreed to acquire Yankee Candle for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.

    Jarden offers more than 120 well known brands in three major categories – outdoor solutions, consumer solution and branded consumables – but Yankee Candle will instantly become one of, if not the most, recognizable brand in the lineup. Yankee Candle brand products are sold in roughly 35,000 retail locations in North America.

  • Hillshire Brands expands meat snacks footprint

    CHICAGO — The Hillshire Brands Company has signed an agreement to acquire the maker of Golden Island jerky products.

    Terms were not disclosed, and the transaction is expected to close by the end of the month, pending closing conditions.

  • Kraft taps former P&G exec as new finance chief

    NORTHFIELD, Ill. — Kraft Foods Group has appointed former Procter & Gamble executive Teri List-Stoll as the company's SVP of finance, succeeding current CFO Timothy McLevish in the first quarter of 2014.

  • Sears Hometown and Outlet Stores net income drops

    Sears Hometown and Outlet Stores saw net income for the second quarter drop to $9.1 million from $21.1 million a year earlier, due, in part, to expenses associated with its spinoff from Sears Holdings Corp, according to the company.

    These results come a little more than a week after Sears Holdings saw revenues decrease to $8.9 billion for the quarter from $9.5 billion for the year-ago quarter. Fewer Kmart and Sears full-line stores accounted for approximately $210 million of that decline.

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