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International Business

  • Sweets and snacks event bucks trade show trend

    Retailer and supplier consolidation has led to the demise of some conventional trade shows, but that’s not the case with the Sweets & Snacks Expo.

    Record attendance is expected at the event scheduled for May 21 through May 23 in Chicago due in part to format changes by event organizer the National Confectioners Association and the strength of merchandise categories represented at the mega event.

  • GGP’s warrants acquired by Brookfield affiliates

    Chicago -- General Growth Properties said Thursday it was informed by Brookfield Asset Management that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management.

    The warrants represent the right to acquire 18.43 million shares of GGP stock at a value of $0.01 per share.

    General Growth also said it has been offered by Brookfield the right to acquire the warrants, for the same price of $271.88 million paid by Brookfield, within the next 30 days.

     

  • Asia exec to weigh in on China

    Wal-Mart Asia CEO Scott Price is among the feature speakers participating in this year’s World Retail Congress event scheduled for March 19-21 in Singapore.

  • Hillshire Brands names new SVP, corporate strategy & development

    CHICAGO — The Hillshire Brands has appointed former Kraft executive Brian Davison as SVP of corporate strategy and development.

    Davison will be responsible for acquisition, merger and divestiture activities, strategic planning and implementing high impact projects. He joined the company on January 2, and will report to Sean Connolly, CEO.

  • Global freight manager gets new COO

    Global freight management firm Geodis Wilson named Eric Martin-Neuville as chief operating officer and a board member.

  • Lacoste exec Birkhold named Bebe CEO

    BRISBANE, Calif. — Steve Birkhold was named CEO at Bebe on the same day that the company reported a worse than expected second quarter loss and a 10.5% comp decline.

    Birkhold, who previously served as president and CEO at Lacoste, will be tasked with leading a turnaround at the struggling specialty retailer.

  • Former Disney exec new president, CEO of Quiksilver

    HUNTINGTON BEACH, Calif. — Former Disney executive Andy Mooney has been appointed as president and CEO of Quiksilver. He succeeds Quiksilver’s co-founder Bob McKnight, who has been named executive chairman. Mooney will also join the board of directors.

    The changes in leadership will become effective January 11.

  • Gap acquires Intermix for $130 million

    San Francisco -- In a development that will take it into the growing global luxury market, Gap Inc. announced Thursday it has acquired women’s apparel retailer Intermix Holdco for approximately $130 million in cash. The transaction was completed Dec. 31.

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