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Perfumania names new COO
Perfumania Holdings announced the appointment of Neal Montany as COO of the company, effective Aug. 29. Montany will oversee the fragrance and beauty retailer’s operations, including IT, manufacturing, warehousing and facilities, logistics, loss prevention, purchasing and human resources. -
Big merger announced in convenience store industry
Alimentation Couche-Tard Inc. is expanding its U.S. portfolio yet again. In its biggest acquisition to date, the Canadian convenience store retailer has agreed to buy CST Brands Inc. for $48.53 per share in cash, with the total deal valued at $4.4 billion, including debt. Couche-Tard operates more than 12,000 locations globally under several brands, including Circle K. Last year, Couche-Tard acquired The Pantry for about $1.7 billion, including debt, adding more than 1,500 stores to its U.S. footprint.

