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International Business

  • Woolworth Mexico’s deployment of RedPrairie solution wins logistics award

    Atlanta -- RedPrairie Corp. announced that Grupo Comercial Control, parent company to Woolworth Mexico and other well-known retail brands, won Mexico's annual National Award for Logistics for its successful implementation of a WMS integral strategy based on the RedPrairie Warehouse Management solution.

  • Sun Capital and Kellwood to acquire Scoth & Soda fashion brand

    St. Louis -- An affiliate of Sun Capital Partners and Kellwood announced an agreement to acquire Amsterdam-based fashion brand Scotch & Soda.  The deal is expected to close in August 2011 upon regulatory approval. Terms of the private transaction were not disclosed.

  • Report: Group of grocers may have violated antitrust law

    San Francisco -- A Bloomberg report on Tuesday said that three major grocery chains may have violated antitrust law by profit-sharing during a strike.

    The U.S. Court of Appeals in San Francisco on Tuesday ruled that Safeway, Supervalu Inc.’s Albertson’s and Kroger Co.’s Ralph’s supermarket chains were not exempt from antitrust scrutiny, as a court last year overturned a lower-court ruling that the agreement, reached during a 2003 conflict with the companies’ unions, didn’t violate antitrust law.

  • Wal-Mart’s Massmart to expand fresh food through acquisition

    Johannesburg, South Africa -- The South African retailer owned by Wal-Mart Stores will make a key acquisition to expand its fresh food offerings, according to a Tuesday report by Bloomberg.

    Massmart Holdings Ltd. said it will acquire The Fruitspot as part of its plan to expand its fresh foods. A Massmart spokesman told Bloomberg that the retailer aims to increase its business in butcheries, bakeries and fruit and vegetable suppliers.
     

  • Starbucks announces management changes

    Seattle -- Starbucks said Monday that it is dividing responsibilities for its business into three global regions (instead of the current two, U.S. and international) in order to accelerate global growth.

    The company has appointed three of its executives to lead the three regions: Asia; the Americas: and the combination of Europe, the Middle East and Africa.

    Cliff Burrows will expand his current role as president, Starbucks U.S. to president, Americas, with responsibility for the United States, Canada, Mexico and Latin America.

  • Philip Simon Brands Group to create sneaker line for Nine West

    NEW YORK — The Jones Group announced that it has entered into an exclusive, world-wide license agreement with Philip Simon Brands Group for the creation, production, marketing and global distribution of a fashion sneaker collection under the Nine West brand.  

  • Dunkin’ sets IPO price range

    New York City -- Dunkin’ Brands Group is seeking to raise as much as $460.6 million in its initial public offering, 15% more than the company planned in May, Bloomberg reported.

    Dunkin’ Brands is offering 22.3 million shares for $16 to $18 each, the chain said in a filing with the U.S. Securities and Exchange Commission today. The company may sell an additional 3.33 million shares, given sufficient demand.

  • Inland Western acquires Texas shopping center for $35 million

    Oak Brook, Ill. -- Inland Western Retail Real Estate Trust announced Wednesday the acquisition of Sawyer Heights Village in a joint venture with RioCan Real Estate Investment Trust.

    Sawyer Heights Village, a 107,626-sq.-ft. power center located just outside the central business district in Houston, was purchased for approximately $35 million. 

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