Finance & Capital Management

Winston-Salem, N.C. -- Working with franchise partner Taco Holding, S.A. de C.V, Krispy Kreme Doughnut Corporation will open its 100th store in Cancun, Mexico, on July 6. The store will feature Krispy Kreme's new international café-style store design, including hot doughnuts, barista specialists, a kid's zone and a drive-thru.

Atlanta -- Developer OliverMcMillan has secured a $167 million syndicated construction loan, led by PNC Capital Markets, LLC, to finance construction of Buckhead Atlanta, the mixed-use retail, residential and office development located in Atlanta’s Buckhead neighborhood.

The loan will cover the full construction of the six-block, 8-acre complex. Five lenders are involved, including PNC Bank, N.A., CIT Finance LLC, Compass Bank, Regions Bank and SunTrust Banks.

New York -- Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

According to reports, Ingrid Lederhaas-Okun was arrested at her home in Darien, Conn. She was charged with wire fraud and interstate transportation of stolen property by the FBI, and could face up to 30 years in prison.

New York -- RadioShack Corp. unveiled its new concept store, opening a location on the Upper West Side of Manhattan. The store showcases a number of the features that will be part of a new generation of RadioShack stores that will be rolled out in locations throughout the United States and internationally over the next several months. The new concept is part of a wider initiative by new CEO Joseph C. Magnacca, who took the reins in February, to turn around the ailing chain.
   

Pittsburgh – GNC Holdings Inc. has elected Alan D. Feldman and Robert F. Moran to its board of directors. Feldman most recently served as chairman, president and CEO of Midas Inc. from May 2006 until its merger with TBC Corporation in May 2012 and as its president and CEO from January 2003 until May 2006.  Prior to that, Feldman held senior management posts at McDonald's Corporation and the Pizza Hut and Frito-Lay units of Pepsico. Feldman also currently serves on the board of directors of Foot Locker Inc.

PITTSBURGH — GNC Holdings has elected former PetSmart CEO Robert Moran and former Midas CEO Alan Feldman to its board of directors.

"We are pleased to welcome Messrs. Moran and Feldman to the GNC board," stated Joseph Fortunato, GNC chairman, president and CEO. "Their extensive experience leading global consumer brands and retail operations, both domestically and overseas, and past experience as CEOs of retail businesses should add significant strength to our board as we execute our future strategies."

Broomfield, Colo. – Famous Brands International, parent company of TCBY Yogurt and Mrs. Fields Cookies, has appointed Neal Courtney as CEO. Neal had been serving as the company's interim CEO since February and served as COO since May 2012.

Secaucus, N.J. – The Children’s Place is partnering with Israeli fashion chain Fox-Wizel Ltd. to open stores in Israel, starting in the first quarter of fiscal 2014. The two companies inked a 10-year franchise agreement.