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International Business

  • Publix looks north as it enters its seventh state

    Publix Super Markets has signed leases to open its first-ever stores in the state of Virginia.

  • Gordon Brothers finance unit names board member CEO

    Eugene Martin was named president and CEO at Gordon Brothers Finance Company succeeding Patrick Dalton who had previously announced plans to step down.

  • Ahold, Delhaize set shareholder meeting dates to decide merger

    Ahold and Delhaize Group on Monday announced that they have called Extraordinary General Meetings for March 14, 2016, during which their respective shareholders will consider and vote on the proposal to approve the companies' intended merger.

    Ahold has also made publicly available the prospectus included in its F-4 registration statement, which has now been declared effective by the U.S. Securities and Exchange Commission, and its approved EU prospectus. These are required steps in the process of completing their merger.

  • Macy’s creates two new C-level positions

    Macy’s named longtime executive Peter Sachse to a new position with added responsibility for merchandising and said Justin S. MacFarlane joined the company as chief strategy, analytics and innovation officer.

    The company said the changes were part of the company’s plan to, “aggressively to grow its omnichannel business based on intensive insight into evolving consumer preferences and changing shopping patterns.”

  • H&M’s brick-and-mortar expansion continues at torrid pace

    H&M isn’t letting a challenging retail environment stand in the way of its physical expansion.

    The Swedish retail powerhouse plans to open 425 stores in 2016, with a focus on expansion in the United States and China. The company will also enter several new markets this year, including New Zealand, Puerto Rico and Cyprus.

    In addition, the chain will expand its e-commerce site to several markets, including Ireland, Japan, and Greece.

    At the close of its fiscal year, H&M operated 3,924 stores in 61 markets.

  • Lumber Liquidators settles with Department of Justice for $13.2 million

    Lumber Liquidators has been handed its penalty by the U.S. Department of Justice over allegations of illegal sourcing, which will amount to $13.2 million in fines and forfeitures.

  • Forest City closes sale of equity interest in Barclays Center, Brooklyn Nets

    Cleveland -- Forest City Realty Trust announced that its subsidiary, Nets Sports and Entertainment has completed the previously announced sale of its equity interests in both the Barclays Center arena and the Brooklyn Nets basketball team to Onexim Sports and Entertainment Holding USA. As previously disclosed, the transaction values the team at approximately $875 million and the arena at $825 million, inclusive of debt for each asset.

  • CBRE hires global executive of Retail Occupier, EMEA

    London -- CBRE Group Inc. has appointed Mark Burlton as Global Executive of its Retail Occupier team, EMEA. Burlton will lead the development of CBRE’s Retail Occupier business in Europe, as well as advising its European retail clients on expansion into the US and Asia, and international retailers into Europe.

    Burlton will be based in London and work closely with Peter Gold, head of cross border retail, EMEA and David Close, senior director, EMEA occupier cross border. He will also join CBRE’s Global Retail Executive Group.

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