Mergers & Acquisitions

MERRIMACK, N.H. — Brookstone announced that it has accepted the resignation of Stephen Bebis, its president and CEO and a member of the company's board of directors. Bebis' resignation will be effective April 4. Bebis joined Brookstone in May 2012.  

Effective upon Bebis' resignation, James M. Speltz, the company's VP, COO has been appointed as the company's new president and CEO.

Beachwood, Ohio -- DDR Corp. announced Monday that, during the first quarter, it acquired two prime assets in Dallas and in Oakland, Calif., for $81 million.

Also during the quarter, DDR disposed of $46 million of non-prime assets, including $8 million of non-income producing assets.

Vancouver, British Columbia -- Lululemon Athletica Inc. said that chief product officer Sheree Waterson will be leaving Lululemon effective April 15, in what it described as a “leadership change in the product organization.”

The news comes just weeks after the specialty retailer had to recall its signature Luon-fabric yoga pants from store shelves for being too sheer. The company warned that the move could lead to shortages and dent its profit by up to $40 million this fiscal year.

AUSTIN, Texas — SecureNet Payment Systems, an innovative payment technology company directly connected to the major card networks, announced the company has exceeded $19 billion in annual transaction volume and increased its number of merchant partners to over 16,000. Additionally, SecureNet announced four new merchant service provider partnerships that will greatly expand the company's rapidly growing network of partners.

ROSEVILLE, Calif. — Revionics, a provider of end-to-end merchandise optimization solutions, that it has named John Greenfield as SVP global business development. Greenfield has been successfully serving as Revionics’ VP channels and alliances. In his new role, Greenfield will be responsible for identifying, creating, and growing strategic global partnerships and alliances that will support accelerated revenue growth for the company.

NEW YORK — Totsy, a leading private sale site of children's goods has named Lisa Kennedy as CEO.

WOONSOCKET, R.I. — CVS Caremark has elected former Johnson & Johnson CEO William Weldon to serve on its board of directors, according to a filing with the Securities and Exchange Commission.

Weldon is the former chairman of the board and CEO of Johnson & Johnson, having served in those positions from 2002 until his retirement as CEO in April 2012 and his retirement from the board in December 2012. Weldon previously served in a variety of senior executive positions during his 41-year career with J&J.

MINNEAPOLIS — Supervalu chief Sam Duncan continues to finalize his leadership team by naming Karla Robertson as EVP legal.