International Business

Has founder and ousted CEO Dov Charney made his last stand at American Apparel?

The board of American Apparel Inc. rejected a $300-million takeover bid from Hagan Capital Group and Silver Creek Capital Partners — the investors aligned with Charney — according to the Los Angeles Times.

Walmart said it will close 269 stores worldwide this year, including many of its smallest stores, in an unprecedented move CEO Doug McMillon characterized as being more disciplined about growth.

Phoenix – Vestar announced the addition of Bradley Parks, director of due diligence to its team. Parks will be responsible for overseeing all due diligence activities for Vestar’s shopping center acquisition opportunities.

Over the past three years Vestar has completed over $1 billion in acquisitions throughout the western U.S. and was recently recognized as the 4th largest acquirer of shopping centers in the United States.

On Tuesday, President Obama delivered his seventh and final State of the Union address to the Congress. Unlike the previous six, this was not a long list of policy agenda items he would like to see the Congress address in the coming year. It was, instead, a broader conversation regarding the state of American democracy.

Brooklyn, N.Y. -- Forest City Realty Trust announced that it has closed the sale of 625 Fulton Street, a development site in Brooklyn, New York. The Rabsky Group purchased the property for $158 million, of which $100 million was paid at closing with the balance due in 90 days.

Amazon is on track to acquire the 75% of the French package-delivery company Colis Privé that it doesn’t already own during the first quartet, according to the Seattle Times. Some analysts believe it’s only the beginning of a move by the Internet giant to eventually launch a package-delivery service that will one day compete with UPS, FedEx and others. [Seattle Times]

Publix Super Markets is getting a new CEO after Ed Crenshaw announced his retirement on Wednesday.

The company announced that Crenshaw will step down effective April 30. Upon Crenshaw’s retirement, current company President Todd Jones will become president and CEO. 

Publix Super Markets named a new CEO to replace current chief executive Ed Crenshaw, who announced his retirement on Wednesday.

The company said that Crenshaw will step down effective April 30, 2016. Upon his retirement, current company president Todd Jones will become president and CEO.