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Finance & Capital Management

  • Arden Group to consider putting itself up for sale

    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.

     

  • Newell Rubbermaid completes sale of Teach platform

    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.

  • Rick Puttkammer returns to Colliers

    San Diego -- The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

    Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

     

  • DORMA acquires Door Controls

    Reamstown, Pa. -- DORMA USA Inc. has significantly expanded its U.S. presence by acquiring Door Controls, one of the largest independent automatic door distributors in the nation.

    The acquisition enables DORMA to provide its customers with enhanced products solutions and services in the Midwest, and reinforces DORMA’s current strong installation and service presence in the Eastern region of the country.

     

  • Accenture globalization report finds emerging market retailers on the move

    New York -- The growing appeal of smaller format stores and the increasing number of international moves by emerging market retailers are two of the key trends revealed in the Accenture Globalization Index, Quarter One 2013.

  • DSW steps into social media arena for a good cause

    COLUMBUS, Ohio — Branded footwear and accessories retailer DSW recently leveraged social media to hold a contest encouraging existing and potential consumers to vote for nonprofit organizations nominated by DSW employees.

    As part of the retailer's Shoe Lovers Care Leave Your Mark program, DSW employees nominated nearly 200 nonprofit organizations for the opportunity to win a grant. Finalists were selected by DSW and then presented via social media for public voting, which wrapped up in late June 2013.

  • Lifestyle retailer Fixtures Living to change name to PIRCH

    San Diego -- Fixtures Living, which specializes in premium lifestyle products for the home, is changing its name to "PIRCH." The official switchover occurs on Aug. 29.

  • NRF chief lobbyist speaks out against living wage bill

    National Retail Federation SVP for government relations David French spoke to Fox News' Stuart Varney about D.C.’s decision to pass a living wage bill requiring non-union, big box retailers to pay their employees $12.60 per hour. As a result of the bill's passing, Walmart has scrapped plans to open three stores in the District. While defenders of the bill point out that the living wage is a fair one given cost of living and the still challeneging economic climate, Varney says the District, via its council members, is turning down 2,000 jobs and French agrees.

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