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Mergers & Acquisitions

  • DDR names David Oakes president

    Beachwood, Ohio -- DDR Corp. announced that senior executive VP and CFO David J. Oakes has been named president of the company, effective Jan. 1.
     
    Oakes will remain CFO, and will continue to report to CEO Daniel B. Hurwitz.
     
    Oakes joined DDR as executive VP of finance and chief investment officer in April 2007. He was promoted to senior EVP finance and chief investment officer in December 2008, and CFO in February 2010.

     

  • Coinstar shakes up executive leadership positions

    BELLEVUE, Wash. — Coinstar, a leading provider of automated retail solutions, has appointed its current CFO J. Scott Di Valerio as new CEO, effective April 1. At that time, Di Valerio will also be appointed to the Coinstar board of directors.

    Di Valerio succeeds Paul Davis, who is retiring on March 31, and will remain a member of the board until then.

    Di Valerio has been CFO at Coinstar since 2010, and has overseen Coinstar's corporate information technology and supply chain functions.

  • Baker Katz completes sale of former Syms building

    Houston -- Houston-based X Team International partner Baker Katz said that it has completed the sale of the former Syms clothing store in Houston’s Westchase District.

    The 40,777-sq.-ft. building was sold to Tennis Express for an undisclosed amount. Tennis Express will relocate an existing store and consolidate off-site storage into the new location.
     

     

  • GGP’s warrants acquired by Brookfield affiliates

    Chicago -- General Growth Properties said Thursday it was informed by Brookfield Asset Management that affiliates of Brookfield acquired the GGP warrants held by affiliates of Pershing Square Capital Management.

    The warrants represent the right to acquire 18.43 million shares of GGP stock at a value of $0.01 per share.

    General Growth also said it has been offered by Brookfield the right to acquire the warrants, for the same price of $271.88 million paid by Brookfield, within the next 30 days.

     

  • Virgin Megastore France to declare itself insolvent

    Paris -- A Friday report by Reuters said that Virgin Megastore’s French division will declare insolvent next week, slated to unveil a plan to file for payments suspension on Jan. 7.

    The French operation is the latest victim of the slump in CD and DVD sales.
     
    Virgin France is owned by private equity firm Butler Capital Partners, and operates 26 Virgin-branded stores in France.

     

  • Actor Patrick Dempsey's group wins bid for Tully’s

    Seattle -- TC Global Inc., which operates 47 Tully’s Coffee Shops, announced that it is a step closer to exiting from bankruptcy with the sale of its assets to Global Baristas, the investment group led by actor Patrick Dempsey, star of television’s Grey's Anatomy.

  • Kevin Peters to leave Office Depot

    Office Depot on Friday announced that Kevin Peters had resigned from his role as president of the retailer’s North American division effective immediately.

    Office Depot said Peters was leaving the company after five years to become CEO of an unidentified industrial distribution company.

  • Wags To Riches to relocate to Plaza Sonora

    Tucson, Ariz. -- Commercial Retail Advisors said that Wags To Riches Pet Grooming Salon has signed a new lease for 900 sq. ft. in Plaza Sonora and plans to relocate there in March 2013.

    Wags To Riches has two pet grooming salons in the Tucson area.

     

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