International Business

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.

Paris -- LVMH announced the appointment of Caroline Brown as CEO of Donna Karan International, effective Jan. 15. She currently serves as president of Carolina Herrera.

Brown will replace Mark Weber, the incumbent CEO of Donna Karan International, who is becoming a consultant for LVMH.

As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.

Toano, Va. – Lumber Liquidators is promoting Ray Cotton to senior VP, chief compliance and sustainability officer. Cotton, previously VP, chief compliance and sustainability officer, will continue to manage Lumber Liquidators' quality assurance, sustainable sourcing, loss prevention, risk management and compliance with legal and regulatory requirements of global trade.

Mars Petcare has opened a state-of-the-art, Gold-LEED certified $110 million global innovation center in Thompson's Station, Tennessee. The new campus is the third Mars Petcare innovation center and first in the United States.

The company selected the location in Thompson's Station in part because Tennessee is home to Mars facilities in Cleveland, Chattanooga, Lebanon and Franklin (two locations).

New York -- Swedish fast-fashion chain H&M was named “International Retailer of the Year” at the 8th annual World Retail Awards dinner in Paris. The awards were presented during the World Retail Congress, which is being held this week in Paris.

Fast Retailing, the Japanese parent company of Uniqlo and other brands, was named “Retailer of the Year.”

Lumber Liquidators has promoted Ray Cotton to SVP, chief compliance and sustainability officer. Cotton will continue to report directly to president and CEO Robert Lynch.