International Business

New York City -- British fashion retailer Topshop will open its fourth store in the United States, in The Grove shopping center in Los Angeles.

The 25,000-sq.ft. store is expected to open in time for the 2012 holiday season, according to The Los Angeles Times.

To date, Topshop has opened in New York City and Chicago. It will open in Las Vegas, on March 8.
 

CARLSBAD, Calif. — Callaway Golf Company has appointed Chip Brewer as president and CEO, effective March 5. Tony Thornley, who has served as interim president and CEO since June 2011, will resign from his interim positions on March 5, but will continue to serve on the Board of Directors. It is expected that Brewer will be appointed to the board of directors once he officially joins the company.    

New York City -- Royal Ahold NV has agreed to acquire bol.com, the Netherlands’ largest online retailer, for about $470 million in cash.

COLUMBUS, Ohio — Express has appointed Michael Keane to the position of EVP human resources.

Keane's extensive experience includes more than twenty years in a series of human resource leadership positions with Tween Brands, Limited Brands, Borden Foods and Whirlpool Corporation.  He most recently served as EVP human resources and stores for Tween Brands, a wholly owned subsidiary of Ascena Retail Group Inc.

New York City -- Kenneth Cole Productions' board of directors has formed a special committee of independent directors to consider a non-binding proposal from Kenneth Cole, chairman and chief creative officer, that would take the company private.

NEW YORK — Kenneth Cole Productions' board of directors has formed a special committee of independent directors to consider a non-binding proposal from Kenneth Cole, chairman and chief creative officer, that would take the company private.

Englewood, Colo. -- Liberty Interactive, parent company of QVC, reported revenue growth for the fourth quarter and full year thanks to favorable results at QVC and its e-commerce division.

Liberty Interactive's revenue increased 7% to $3.1 billion in the fourth quarter, and 8% to $9.6 billion for the year.

"QVC finished the year strong with impressive Q4 results, particularly in the United States and Japan, despite a challenging macroeconomic environment," stated Greg Maffei, Liberty Interactive president and CEO.

Profits grew faster than sales at Walmart’s international division last year, despite investments to drive record expansion and inventory growth, as EDLP took hold in more markets.