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Finance & Capital Management

  • Ross Stores promotes exec to CFO

    Dublin, Calif. – Ross Stores, Inc. has promoted Michael Hartshorn, 46 is being promoted to CFO, retaining his senior VP title, effective Feb. 2, 2014. Hartshorn will be responsible for the accounting, treasury, financial planning, tax, risk management and investor relations functions.

  • Publix to anchor Doral Commons in Doral, Fla.

    Miami -- Publix Super Markets will open a 49,000-sq.-ft. supermarket and pharmacy to anchor Terra Group’s latest retail center development, Doral Commons in Doral, Fla. The 140,000-sq.-ft. center is located in one of the fastest growing residential areas of Miami Dade County.

    Courtelis Company represented Terra Group in the lease negotiation with Publix and will continue to represent the company in the leasing of the remaining available space in Doral Commons.

  • Bitcoin exchangers charged with money laundering

    New York – The Manhattan district attorney’s office has brought federal money laundering charges against two men involved in exchanging Bitcoin virtual currency. According to media reports, Bitcoin exchanger Robert M. Faiella, 52, and Charlie Shrem, 24, the CEO of the Bitcoin exchange company BitInstant, have been charged with conspiring to commit money laundering and operating an unlicensed money-transmitting business.

  • Crocs names new Blackstone board members

    The search for a new CEO to lead Crocs is set to intensify now that the iconic footwear manufacturer has resolved its board structure with the addition of two representatives from private equity firm Blackstone Group.

  • Tile Shop investigation finds no wrongdoing in supplier relationship

    Minneapolis – An internal investigation conducted by Dorsey & Whitney LLP, independent counsel to the Audit Committee of Tile Shop Holdings, Inc. has found no wrongdoing in Tile Shop’s relationship with Beijing Pingxiu, a Chinese export trading company formerly utilized by the company and some of its Chinese vendors.

  • J.C. Penney amends shareholder rights plan

    Plano, Texas – J.C. Penney Co. is amending its stockholder rights plan as part of move to protect its ability to use certain funds that can be used for tax benefits.

    Penney said its shareholder rights plan can now be put into effect if an individual or group acquires 4.9% or more of its outstanding stock, down from its previous 10%.

  • McAlister’s Deli partners with Buxton for growth, location optimization

    Fort Worth, Texas -- McAlister's Deli has partnered with Buxton to identify the best market opportunities for continued growth. Buxton's restaurant expertise and Scout platform will allow McAlister's to quantify growth potential and optimize locations of new and existing restaurants.

  • Sam’s Club to cut 2,300 workers

    Bentonville, Ark. – Wal-Mart Stores is eliminating the positions of about 2,300 Sam’s Club employees.  The job cuts represent 2% of Sam’s total workforce. Employees whose jobs are eliminated that cannot find another job with Wal-Mart or Sam’s Club will be eligible for severance.

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