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International Business

  • Uniqlo to enter Pennsylvania

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  • Yelp launches in Mexico

    Mexico City -- Yelp Inc. has announced the availability of Yelp Mexico. Beginning March 13, people throughout Mexico are able to create accounts on Yelp.com.mx to share their opinions about great local businesses.

    Yelp's free iPhone and Android applications will be available as well as its free suite of business owner tools: Yelp for Business Owners.

  • PizzaRev to expand in St. Louis and Austin

    Los Angeles — A Buffalo Wild Wings Franchisee has signed an agreement to open fast-casual PizzaRev restaurants throughout the St. Louis, Mo., and Austin, Texas, markets.

    The PizzaPeel franchise group plans to open four PizzaRevs in Austin and three in St. Louis. The agreement also includes rights to develop both regions further.

  • Express net income, sales fall in Q4; plans new outlets

    Columbus, Ohio – Net income at Express Inc. fell 25% during the fourth quarter of fiscal 2013, dropping from $63.9 million to $47.9 million. Net sales declined 2% from $731.7 million, to $715.9 million.

    Same-store sales rose 1%. The company cited heavy promotions as impacting its quarterly results, which did not meet Wall Street expectations. Express intends to start opening outlet stores beginning in May 2014.

  • Swatch sues Target

    New York -- Swatch Group SA is suing Target Corp. for illegally selling watches that copy Swatch watches.

    Swatch, in a lawsuit made public on Monday, accused the retailer of infringing its designs for "multi-colored" and "zebra watches." The watchmaker said the quality of the Target watches is inferior compared to its own and that their sale is likely to confuse consumers and hurt Swatch's sales.

  • Ahold acquires supermarket business in Czech Republic

    ZAANDAM, the Netherlands — Ahold has entered into an agreement to acquire Spar's business in the Czech Republic. The acquisition includes 50 stores of which 36 are compact hypers and 14 are supermarkets.

  • Crunch Fitness: Eight-plus locations for Dallas

    Dallas — Crunch Fitness is coming to Texas. Dallas entrepreneur, author and founder of Planet Tan, Tony Hartl plans to roll out eight to 10 Crunch Fitness locations in the Dallas-Fort Worth metro area by 2016.

  • DDR sell all of its Brazil holdings for $344 miilion

    Beachwood, Ohio — DDR has signed a letter of intent to sell its 50% ownership interest in Sonae Sierra Brazil BV Sarl, a Luxembourg company, to Alexander Otto and his affiliates for $343.6 million. DDR’s interest in SSB BV Sarl represents the company’s entire investment in Brazil. The gross proceeds of $346.6 million include $283 million from the negotiated price of R$26.00 per share of SSB, a 67% premium to the closing price on the IBOVESPA as of March 7, and DDR’s stake in Parque Dom Pedro, valued at $60.7 million.

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