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Mergers & Acquisitions

  • City Sports names CEO

    Boston -- City Sports said Wednesday it has named Edward Albertian as president and CEO of the 21-store chain.

    Albertian joins the company from Trans National Group, where he was president and CEO. He has also served as senior VP retail operations at Staples.

    Albertian's appointment follows the departure of City Sports’ previous president and CEO Jeff Connor, who resigned last month.

     

  • Sergeant’s Pet Care gets Perrigo’s attention

    An expanded offering of private label pet care products will be coming soon to retailers shelves following the acquisition of Sergeants Pet Care Products by Perrigo, the leading global provider of store brand health and personal care items.

    Perrigo said it signed a definitive agreement to acquire substantially all of the assets of Sergeant’s, a privately held Omaha-based company, for $285 million in an all cash deal that enables Perrigo to enter the $8 billion pet care market.

  • Nordstrom ventures into Canada

    TORONTO — Nordstrom is partnering with Cadillac Fairview to open its first full-line stores in Canada beginning fall of 2014. The company will lease four stores at premier shopping centres located in Calgary, Ottawa, Toronto and Vancouver.

    Nordstrom will be moving into space that will be vacated by Sears and then renovated at Pacific Centre in Vancouver, Calgary's Chinook Centre, Rideau Centre in Ottawa, with a new-construction store opening in Toronto's Sherway Gardens.

  • Corner Bakery to open 18 Seattle-area units starting next year

    Dallas -- Fast-casual bakery concept Corner Bakery Café said Thursday it has executed a deal with a franchise group to open the chain’s first restaurants in the Pacific Northwest beginning in 2013.

    Northwest Bakery Cafe, a group of restaurant operators that owns 95 Jack in the Box locations, is slated to open 18 Corner Bakery franchised restaurants in and around Seattle over the next seven years.

  • City Sports names Albertian CEO

    Boston-based City Sports names Edward Albertian as president and CEO

    The 21 store chain said Albertian had joined the company after serving the prior seven years as president and CEO of Trans National Group.

  • Natural Grocers to open seven stores by spring 2013

    Denver -- Natural Grocers by Vitamin Cottage said Wednesday it plans to open seven new stores by March 2013, bringing the total count to 64 in 12 states.

    In addition, the company said it has relocated and expanded one of its flagship Denver stores.

    The seven new stores will be opened during the next six months in Sedona, Ariz.; Steamboat Springs, Colo.; Helena and Missoula, Mont.; Omaha, Neb.; and Denton and Lubbock, Texas.

     

  • Jones Group names senior Coach exec as divisional president

    New York -- The Jones Group Inc. said Wednesday it has appointed Kathy Nedorostek to the newly created position of group president, global footwear and accessories, effective mid-October.  

    In her new position, Nedorostek will oversee footwear, handbags and jewelry for Jones Group.

    Nedorostek arrives at Jones Group from Coach, where she was president of North America Wholesale and Global Licensing.

  • Report: Abercrombie hires Goldman Sachs

    New York -- Abercrombie & Fitch Co. has hired Goldman Sachs Group Inc. in the wake of investor pressure, according to Reuters.

    The report was based on a source familiar with the matter who did elaborate on the nature of the pressure was or name the investors. But CNBC tweeted that Goldman was hired to help keep activist Relational Investors at bay.

     

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