Mergers & Acquisitions

NEW YORK — Kellwood Company, a leading apparel manufacturer and marketer, has appointed Lynn Shanahan to the newly created role of CEO of Kellwood Brands. 

FORT WORTH, Texas — RadioShack has unveiled its first branded section of a college bookstore at the University Co-op at the University of Texas at Austin, as part of the retailer’s five-year agreement with NACSCORP, which sports the retailer's new logo.

DEERFIELD Ill. — Walgreens has appointed Mark Lelinski as the company’s corporate VP, market access.

Lelinski will be responsible for contracting and pricing strategies; the integration efforts across Walgreens pharmacy, health and wellness division; overseeing sales and account management; and managing the continued evolution of the company’s managed market strategies.  

Cincinnati, Ohio -- Kimco Realty has sold Colerain Towne Centre, a 400,000-sq.-ft. Cincinnati power center, for $30 million, according to Mid-America Real Estate Corp.’s investment sales group, which represented Kimco in the transaction in cooperation with Anchor Associates. The buyer is a private real estate company.

TORONTO — Loblaw has entered into a definitive agreement with Shoppers Drug Mart under which Loblaw will acquire Shoppers Drug Mart for C$12.4 billion in cash and stock.
 

Brampton, Ontario – Loblaw Companies Limited announced it will acquire Shoppers Drug Mart in a deal worth about $11.9 billion, merging the Canadian grocery and drug retailers. Shoppers Drug Mart will retain its name and brand and operate as a separate division of Loblaw while expanding its product offerings to include Loblaw's private label and convenience food products. Shoppers Drug Mart gives Loblaw entry into the small urban store sector.

San Diego -- The San Diego office of Colliers International has announced that Rick Puttkammer is rejoining the firm as a senior VP. A 25-year veteran in retail property sales and leasing, Puttkammer will head up the firm’s retail division.

Most recently, Puttkammer was senior VP at Flocke & Avoyer in San Diego. From 1987 to 1997, he was senior marketing director at Colliers in San Diego.

ATLANTA — Newell Rubbermaid has announced the sale of its Teach platform, including the Mimio and Headsprout interactive teaching technology brands, to Skyview Capital, LLC, a Beverly Hills, Calif., private equity firm.

Terms were not disclosed. The transaction has closed with the signing of the agreement.