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International Business

  • SRS opens Toronto Office

    Dallas — SRS Real Estate Partners, in partnership with Cresa Toronto, has opened an office in Toronto, Canada. It is the company’s first Canadian office and second international location. Jamie Grossman, managing principal for Cresa Toronto will oversee the new office, while SRS has brought in Lindsay Ryder as first VP for SRS.

  • Delhaize Group to exit Bosnia & Herzegovinia

    Brussels, Belgium -- Delhaize Group has signed an agreement with Tropic Group B.V. to divest all of its 39 Bosnian & Herzegovinian stores. Tropic Group B.V. is an entrepreneurial organization founded by retail executive Bojan Risović.

    The transaction is expected to complete in third quarter 2014, subject to regulatory approval and working capital adjustments. Terms were not disclosed. Delhaize originally purchased the stores from Serbian retailer Delta Maxi in 2011.

  • Fuddruckers debuts in Europe

    Houston — Fuddruckers has opened its first restaurant in Europe — in Varese, Italy near Milan. The fast casual restaurant is the first of 10 planned by a new franchise partner, Vinum et Alia. Future sites being considered are in Italy, Poland and Switzerland.

    The design of the 5,000-sq.-ft., 120-seat restaurant references Fuddruckers’ classic roadhouse origins.

     

  • Jack Link’s ready for European feast

    The sale of Unilever’s meat snack business to Jack Link’s closed this week, clearing the way for the Minong, Wis.-based company to pursue its global ambitions.

    Jack Link’s is already the leading U.S. meat snack brand with a pervasive presence at retail but has set its sights on international growth.

  • Casey’s to build new DC

    Ankeny, Iowa -- Casey’s General Stores plans to break ground on the company’s second distribution center in November 2014. The facility will be located in Terre Haute, Ind.

  • Lumber Liquidators expands board to nine members

    Toano, Va. -- Lumber Liquidators is expanding its board of directors from eight to nine members with the appointment of Nancy M. Taylor as a Class III director effective April 1. Taylor currently serves as the president and CEO of Tredegar Corp., serving in such roles since January 2010, and is a member of Tredegar's board of directors.

  • Igloo trades private equity owners

    Leading global cooler manufacturer Igloo was acquired by Washington, D.C.-based private equity firm ACON Investments from Connecticut-based private equity firm J.H. Whitney.

    ACON said J.H. Whitney will continue to maintain a small, but undisclosed, stake in the company. Igloo will continue to be led by chairman and CEO Gary Kiedaisch and other members of the existing management team who are also purchasing significant interests in Igloo in connection with the transaction. The company will focus on continued growth in the outdoors, housewares and sporting goods markets.

  • BikeStreet names former Hhgregg COO as chief executive

    Fort Lauderdale, Fla. -- Bicycle retailer BikeStreet announced the appointment of former Hhgregg executive VP & COO Gregg Throgmartin as CEO. With 17 shops opened since the brand’s founding in 2012, BikeShop aims to acquire and/or open nearly 1,000 shops across the nation under Throgmartin’s leadership.   
     

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