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International Business

  • Marcus & Millichap names regional director

    Calabasas, Calif. -- Marcus & Millichap Real Estate Investment Services has named Paul Loubet as western region director of the national retail group.

    Based in the firm’s Newport Beach, Calif., office, Loubet will direct more than 100 investment sales professionals operating from more than 25 offices comprising Marcus & Millichap’s western region.

  • Walmart, others reach Bangladesh accord – is it enough?

    A five-year plan spearheaded by Walmart, Gap and other U.S. retailers requiring factories in Bangladesh to be inspected within a year is under fire, according to a Bloomberg report.

  • Delhaize Group to sell 25 Maxi, Mini Maxi and Tempo stores

    Brussels, Belgium -- Belgian grocer Delhaize Group said that it has reached an agreement to sell 25 Maxi, Mini Maxi, and Tempo stores in Montenegro to Expo Commerce.

    The transaction is slated to close in the fourth quarter, and Delhaize and Expo will enter into a franchise agreement to maintain the Maxi, Mini Maxi and Tempo names.

     

  • CBRE makes two research appointments

    Los Angeles -- CBRE Group Inc. has made two research appointments.

    First, Nick Axford, Ph.D., will move up to Global Head of Research, a new position, from CBRE’s Asia Pacific business unit. He will manage global research efforts, establish strategies that support CBRE objectives and serve as a resource for clients on global commercial real estate trends.

    In addition, Raymond Torto, Ph.D. will become global chairman of CBRE Research. He will analyze market trends for clients.

  • Uniqlo to branch out in U.S. this fall with 10 stores

    NEW YORK — Japanese apparel retailer Uniqlo, a division of Fast Company, is expanding its U.S. footprint with the opening of 10 stores this fall in New York, New Jersey, Connecticut and California.

    The new locations, all in shopping centers, will bring the brand’s presence in the United States to a total of 17 sites.

  • Foot Locker completes acquisition of Runners Point

    New York -- Foot Locker said that it has completed its previously announced acquisition of Runners Point Group, the specialty athletic store and online retailer based in Recklinghausen, Germany. The results of the two companies will be combined with an effective date of July 7, 2013.

    Runners Point Group operates more than 200 athletic retail stores, principally in Germany under the Runners Point and Sidestep banners, as well as an online business. It had sales in 2012 of $254 million.

  • Dunkin’ Brands elects CEO of Travelocity Global to board

    Canton, Mass. -- Dunkin’ Brands Group, parent company of Dunkin' Donuts and Baskin-Robbins, has elected Carl Sparks, president and CEO of Travelocity Global, to the Dunkin' Brands board of directors, effective July 26. Sparks, 45, has a background in e-commerce, consumer brands and retailing.

  • North American retailers offer Bangladesh safety plan

    New York -- A group of 17  North American retailers, including Walmart, J.C. Penney, Gap, Target and Macy’s, on Wednesday announced a five-year safety pact aimed at improving conditions in garment factories in Bangladesh. It calls for inspecting all factories that supply their garments within a year, and an agreement to set up basic safety standards within three months.

    The announcement by the Alliance for Bangladesh Worker Safety comes after a separate safety plan was announced on Monday by a group of mostly European companies.

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