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International Business

  • Victorinox Swiss Army expanding its U.S. footprint

    Photos: Ric Kallaher   Victorinox Swiss Army has opened its doors in New York City’s Rockefeller Center.   The store, the brand’s eighth location in North America, is designed to create an immersive experience into the company’s Swiss heritage amid a modern environment that reflects the company’s commitment to quality, functionality, iconic design and innovation.  

  • Coffee giant in two new store expansion moves

    Starbucks Corp. is growing its store portfolio on a couple of different fronts.   The company plans to open stores under a new banner, called Starbucks-Reserve only, that will have a decidedly upscale twist. The brand will sell premium, small lot reserve coffee in a store space that is about twice the size of a typical Starbucks, zachs.com reported, and feature more of a café atmosphere.   

  • Delhaize, Ahold to divest 86 stores; Publix and Supervalu among buyers

    As their merger enters the home stretch, Delhaize Group and Ahold have reached agreements with buyers to divest 86 U.S. stores.   The two international companies announced their intent to combine forces back in June 20115. The merger is set for completion at the end of July, pending final approval by the Federal Trade Commission.  

  • Vornado vet is named CFO at Federal Realty

    Federal Realty Investment Trust announced that Dan Guglielmone will take over as its CFO and treasurer next month. A 13-year veteran of Vornado, Guglielmone is currently the company’s senior VP of acquisitions. He previously spent 10 years in investment banking with the real estate and lodging group of Salomon Smith Barney/Citigroup.  

  • Coach names new chief of Stuart Weitzman brand

    Coach Inc. is appointing Wendy Kahn, as CEO and brand president – Stuart Weitzman, effective Sept. 13, 2016.   Kahn will succeed Wayne Kulkin, the brand’s current CEO, who will become a consultant to Coach. She joins the luxury retailer from Valentino Fashion Group, where she currently holds the position of CEO – Valentino, USA and V.F.G., USA & Canada. Previously, Kahn served as senior VP of sales, marketing & retail for Valentino from 2006-2008.  

  • Target names new legal head

    Target Corp. has named Don Liu as executive VP, chief legal officer and general counsel, effective Aug. 22, 2016.   Liu will oversee all legal, corporate governance and government affairs matters for the company. He will report to chairman and CEO Brian Cornell and serve as a member of Target’s leadership team.  

  • Delhaize, Ahold prepare for merger

    The $11 billion purchase of Belgium-based supermarket operator Delhaize Group by Netherlands-based grocery conglomerate Ahold is coming closer.   The two companies both announced they expect the deal, approved by the shareholders of both companies in March 2016, to go through before the end of July 2016, subject to regulatory approval by the U.S. Federal Trade Commission (FTC).   

  • Muji goes suburban with New Jersey store

    Muji, the low-cost, high-design Japanese retailer that had heretofore concentrated its stores in fashionable districts of New York, San Francisco, and Los Angeles, is making a move into New Jersey.   Muji will open an 8,600-sq.-ft. store next month at the Westfield Garden State Plaza in Paramus, its first mall location in the Greater New York area. Current shops are found on Fifth Avenue and in Soho and Cooper Square in Manhattan.  
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