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Mergers & Acquisitions

  • Dunnhumby names head of global partners business

    CINCINNATI — Marketing solutions provide Dunnhumby has hired Nishat Mehta, formerly of MicroStrategy, to lead the company’s growing global partner business. As EVP global partners, Mehta will be responsible for driving the global expansion and commercialization of Dunnhumby solutions, such as digital advertising, targeting and measurement, through strategic partnerships with data companies that deliver a comprehensive understanding of consumer behavior across channels. He will be based in New York City.

  • Wal-Mart announces departure of @WalmartLabs co-heads

    Bentonville, Ark. -- Wal-Mart Stores Inc. said in a Friday emailed statement that the co-heads of its technology unit @WalmartLabs are leaving the company.

    Venky Harinarayan and Anand Rajaraman, who ran the 200- person unit in San Bruno, Calif., are taking some time off from the industry, according to the statement. The pair took the helm of @WalmartLabs when Wal-Mart bought their company Kosmix last year.

    Wal-Mart said the rest of the technology team will remain intact.
     

  • Costco international exec says chain looking to open stores in Europe

    Issaquah, Wash. -- Costco Wholesale Corp.’s international executive VP James Murphy said Thursday that the warehouse club operator is pursuing a European expansion program.

    Murphy told Bloomberg that Costco is “interested in investing in the obvious four -- Germany, Italy, France and Spain.” The company hasn’t decided which country would debut first and will probably open a store in the region “in the next couple of years,” Murphy said in the Bloomberg interview.

  • They've done what they needed to do: @WalmartLabs co-heads depart

    Walmart will have to trust that their @WalmartLabs team is ready to take on the growing challenges of the company's online business now that Venky Harinarayan and Anand Rajaraman have stepped down as co-heads.

    Harinarayan and Rajaraman became the heads of @WalmartLabs last year when Walmart bought their company Kosmix as a means of enhancing its e-commerce platform through social media.

    Click here for more from BusinessWeek.

  • Macy’s Lundgren to be deposed in Martha Stewart suit

    New York -- A Thursday report by Bloomberg said that Macy’s CEO Terry Lundgren is slated to give his deposition next month over a contract dispute with Martha Stewart Living Omnimedia Inc.

    Citing documents filed Thursday in New York state court, Bloomberg said that Lundgren is scheduled for a half-day of questioning on July 3 in advance of a July 13 hearing on his company’s request for a preliminary injunction.

  • Gymboree engages LogicSource for print and retail procurement

    San Francisco -- The Gymboree Corp. and procurement management firm LogicSource announced Thursday an agreement under which LogicSource will provide procurement and management expertise to deliver cost savings to Gymboree.

    Terms of the agreement were not disclosed.

  • Vizio makes licensing deal with Curtis International

    IRVINE, Calif. — Vizio has agreed to let Curtis International Ltd., which sells digital televisions in the United States and Canada under the Curtis brand, become a licensee under Vizio's QAM patent portfolio. The parties have not disclosed financial terms of the agreement under which Curtis has agreed to make royalty payments to Vizio for sales of licensed products.

  • Blackstone and DDR close $1.4 billion EDT acquisition

    Beachwood, Ohio -- Blackstone's flagship real estate fund and DDR Corp. announced Thursday hat a joint venture formed by the two entities has closed on the acquisition of a portfolio of 46 shopping centers previously owned by EPN Group.

    The joint venture has assumed approximately $635 million of senior non-recourse debt and has originated an additional $320 million non-recourse loan facility, which has a five-year term.

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