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Mergers & Acquisitions

  • Health retailer elevates Mack to CFO

    Max-Wellness, the health and wellness retail concept founded by former OfficeMax CEO Michael Feuer, named VP of finance Tom Mack to the newly created role of SVP and chief financial and administrative officer.

    Mack joined the company in the fall of 2011 as controller and was elevated to the vp of finance role last year. Max-Wellness operates six stores, three in the Cleveland area, two in Naples, Fl., and one in nearby Sarasota.

  • Former Brooks Brothers exec to head The Limited

    COLUMBUS, Ohio — The Limited has appointed former Brooks Brothers executive Diane Ellis as the company’s CEO, effective August 26.

    Ellis was president and chief operating officer of Brooks Brothers for six years. She oversaw information technology, human resources, retail and outlet stores, planning and allocation, product development, sourcing, supply chain, e-commerce and finance.

  • Office Depot sends shareholder letter supporting director nominees

    Boca Raton, Fla. – Office Depot sent its shareholders a letter this morning urging them to vote for its 10 nominees for the board of directors at its annual shareholders meeting on Aug. 21. The letter says that nominees from activist investor Starboard Value LP could disrupt progress and momentum in the ongoing OfficeMax merger and also prevent future synergies from the merger as well as make excessive cuts in critical business functions.

    Officer Depot sent a similar letter to its shareholders on July 29.

     

  • JLL: Foreign investment up in secondary U.S. markets

  • Dunkin' Donuts to add eight units in Rochester, N.Y.

    Canton, Mass. -- Dunkin' Donuts said it will open eight new restaurants in Rochester, N.Y., via a multi-unit store development agreement executed with existing franchisee Luis Ribeiro.

    Ribeiro currently owns 25 of the 61 Dunkin' Donuts in the Greater Rochester area.  

    "We expect 10 to 20 new Dunkin' Donuts restaurants to open in Rochester over the next few years," said Grant Benson, VP franchising and business development, Dunkin' Brands.

  • No surprises for Maidenform Brands’ Q2 results

    ISELIN, N.J. — Maidenform Brands’ reported total net sales of $145.4 million for the second quarter ended June 29, a 7.7% decrease from $157.5 million for the same quarter last year, were in line with the company’s expectations. 

  • Five Below seeks president following COO departure

    Specialty retailer Five Below is searching for a seasoned retail executive to fill the role of president to execute an aggressive growth strategy following the departure of chief operating officer David Johnston.

  • Report: Wal-Mart may bid on Hong Kong grocery chain

    Bentonville, Ark. – Wal-Mart is considering entering the bidding for Hong Kong-based grocery chain ParknShop, Reuters reports. Wal-Mart is currently exploring options to enter the initial bidding process for ParknShop, which closes Aug. 16.

    ParknShop is owned by Hutchison Whampoa Ltd., which in turn is owned by Li Ka-shing, reputedly the wealthiest man in Asia. The chain may be valued as high as $4 billion.

    Wal-Mart, which has not commented publicly, said last year it would open 100 new stores in China by 2015.

     

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