Finance & Capital Management

ATLANTA — Newell Rubbermaid has announced the sale of its Teach platform, including the Mimio and Headsprout interactive teaching technology brands, to Skyview Capital, LLC, a Beverly Hills, Calif., private equity firm.

Terms were not disclosed. The transaction has closed with the signing of the agreement.

WINSTON-SALEM, N.C. — HanesBrands has appointed former PetSmart chairman and CEO Robert F. Moran to the company’s board of directors.

Moran, 62, whose term runs until the 2014 annual meeting of stockholders, will serve on the board’s audit committee. With Moran’s appointment, the Hanes board has 10 members.

Moran's international career in the retail industry spans four decades. He retired last month from PetSmart, where served as COO from 2001 to 2009, prior to being promoted to CEO.

The U.S. Census Bureau released a report showing an increase of 0.6% in retail trade sales for June when compared to May. Sales were up 6% when compared to June 2012.

The figures are adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, and exclude automobiles, gas stations and restaurants.

CHICAGO — Cargill, an international producer and marketer of food, agricultural, financial and industrial products and services, has unveiled an assessment tool that identifies, prioritizes and quantifies risks and opportunities in its supply chains so improvements can be made to them.

Los Angeles -- Arden Group, owner of the 16-unit Gelson’s Market grocery chain, said that the company is exploring its strategic options and has hired financial adviser Moelis & Co. to help with the review process.

The options may include a possible sale of the company.

No timeline for any potential transactions has been outlined.

Houston -- Mens Wearhouse estranged founder George Zimmer is noticeably absent from the chain’s latest commercial, which launched in print and broadcast on July 8.

According to a Reuters report, the new ad focuses on the company's National Suit Drive, an annual charity event that donated suits to unemployed men who are looking to get back in the workforce. Zimmer and his signature phrase — "You're going to like the way you look. I guarantee it," — are nowhere to be found.

Winston-Salem, N.C. -- Krispy Kreme Doughnuts said its board has approved the repurchase of up to $50 million of the company's common stock, effective immediately. 

Winston-Salem, N.C. -- HanesBrands said it has tapped PetSmart former chairman and CEO Robert Moran to serve on its board of directors, expanding the number of directors to 10.

Moran, 62, retired from PetSmart in June. He had served as CEO since 2009.

Houston -- CBRE’s national retail investment group has arranged the sale of Sheldon Forest Shopping Center in Channelview, Texas, east of Houston, on behalf of Weingarten Realty Investors.

Gerland’s Food Fair anchors the 97,380-sq.-ft. center. Major tenants include Family Dollar and Burke’s Outlet. Both Phase I and II of the center are 100% occupied.

Capcor Partners purchased the property for an undisclosed price.