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Mergers & Acquisitions

  • Pep Boys nixes merger with private equity group

    PHILADELPHIA — Pep Boys has put an end to the proposed merger between itself and investment firm The Gores Group.

    The potential merger was first announced on Jan. 30, and The Gores Group has agreed to pay Pep Boys a fee of $50 million and to reimburse Pep Boys for certain merger-related expenses. The special meeting of Pep Boys’ shareholders, which was scheduled to be held on May 30, has been canceled.

  • Brown Shoe CFO resigns, successor named

    St. Louis -- Brown Shoe Co. said Wednesday that CFO Mark Hood has resigned the company, effective June 11. Russ Hammer has been named the successor.

    “I’m confident [Hammer] will be able to make an immediate contribution across the company and to the work we’ve been completing in our portfolio realignment efforts,” said Diane Sullivan, president and CEO.

  • Glimcher acquires One Nineteen open-air center for $67.5 million

    Leawood, Kan. -- Columbus, Ohio-based Glimcher Realty Trust said Wednesday it has completed the acquisition of One Nineteen, an outdoor retail center located in Leawood, Kan.

    One Nineteen is adjacent to Glimcher’s Town Center Plaza and will add approximately 165,000 sq. ft. of GLA to the combined property.  Tenant sales at One Nineteen average more than $900 per sq. ft., and the center is currently 93% leased featuring Kansas City’s first and only Crate & Barrel and lululemon athletica, as well as an Apple store.

  • Caribou Coffee opens 100th international location, plans to ramp up store count

    Minneapolis -- Caribou Coffee Co. said Wednesday it has opened its 100th international operating location, located in Istanbul, Turkey. The new store, which opened May 10, is in partnership with master franchisee Al Sayer Group and Turkey's Yildiz Holding, and is Caribou's sixth store in Turkey.

    Al Sayer Group currently operates 89 of Caribou's 100 international locations in Turkey, Kuwait, United Arab Emirates, Lebanon, Bahrain, Jordan, Oman and Kingdom of Saudi Arabia.

  • RKF Chicago office adds two new directors

    Chicago -- RKF announced that Steve Schwartz and Lara Keene have joined the firm’s Chicago office as directors.

    Schwartz and Keene, formerly of Baum Realty Group, mark the latest additions to the RKF Chicago office, which opened this past April as part of the firm’s ongoing expansion into key urban markets nationwide.
     
     

  • Epicor to acquire assets of Cogita Holdings Ltd.

    Dublin, Calif. -- Epicor Software Corp., announced it has entered into an agreement to acquire substantially all of the operating assets and intellectual property of New Zealand-based partner Cogita Holdings Limited. The transaction is anticipated to close by May 31, 2012.

  • Fred's names new board member

    MEMPHIS, Tenn. — Fred's has named Steven Fitzpatrick to its board of directors. Fitzpatrick will be presented as one of the director nominees at the company's 2012 annual meeting to be held later this summer.

  • Bombay& Co. selects TD Retail Card Services for private label credit card program

    Mahwah, N.J. -- Bombay & Co. Inc. has selected TD Retail Card Services, a unit of TD Bank, to create and administer its private label credit card.

    Under the agreement, TD will direct all facets of the program for the Toronto-based company’s 50 stores located in Alberta, British Columbia, Newfoundland, Nova Scotia, Ontario and Quebec. The new Bombay & Co. credit card will offer consumers a full menu of deferred interest and equal pay programs.

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