Mergers & Acquisitions

York, Pa. -- The Bon-Ton Stores said Tuesday it has appointed Brendan L. Hoffman as president and CEO, effective Feb. 7.

Hoffman replaces Bud Bergren, who is a current member of the board of directors and who will transition to the role of the chairman.

Covington, La. -- Stirling Properties announced it has acquired Shreveport, La.-based Avant Properties, strengthening Stirling’s presence in the Gulf South.

Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations. 

Anaheim, Calif. -- NewMark Merrill Cos. announced that Anaheim Town Square, in Anaheim, Calif., added four tenants to achieve 99% occupancy. The center’s four newest tenants are Staples, Yuva Threading Salon, Hawaiian King BBQ and Waba Grill.

Staples, which opened in December 2011 located next to HomeTown Buffet, signed a 10-year lease for the approximately 17,500-sq.-ft. store.

Yuva Threading Salon signed a five-year lease for an approximately 900-sq.-ft.

London -- A report released Tuesday by Bloomberg said that U.K. clothing chain Bonmarche will close as many as 160 out of 390 stores after its owner Peacock Group sold the chain to an affiliate of Sun European Partners.

KPMG administrated the transaction; the new buyer said that about 2,400 of 3,800 jobs will be retained.

The report said that KPMG had been seeking a buyer for Bonmarche since being appointed earlier this month as administrator to Peacock, which also owns Peacock’s Stores Ltd., a U.K. discount apparel chain.

NEW YORK — Hudson's Bay Company, the Canadian retail conglomerate, and one of the oldest department-store operators in the world, announced Tuesday that it has completed its acquisition of its affiliate, Lord & Taylor Holdings, LLC, the U.S. department-store company.

According to a company press release, Hudson's Bay will now operate the two leading retail banners in North America, The Bay and Lord & Taylor. Prior to the transaction, Hudson's Bay Company and Lord & Taylor were side-by-side affiliate entities.

New York City -- A New York state Supreme Court filing on Monday disclosed that Macy’s Inc. is suing Martha Stewart Living Omnimedia Inc. for breach of contract after Martha Stewart set up a new deal last December with J.C. Penney to sell products at its stores.

According to Macy's, Martha Stewart Living granted it product exclusivity under a 2006 agreement. J.C. Penney, which acquired a 16.6% stake in the company in December, plans to open Martha Stewart Living in-store shops, beginning in 2013, which violates that exclusivity, said Macy’s.

McLean, Va. -- One Loudoun Holdings, a joint venture of Miller and Smith and North America Sekisui House, and its retail development partner, Potomac Development Group, announced that Alamo Drafthouse Cinema will open a new location at One Loudoun in Loudoun County, Va.

The 34,000-sq.-ft. Alamo Drafthouse Cinema will be the first in the
Washington, D.C., market area. Construction will commence in spring 2012 with a projected opening in spring 2013.

Atlanta -- The Home Depot has acquired Redbeacon, an online home services platform connecting consumers with contractors for their home maintenance, repair and remodeling needs. Terms of the agreement were not disclosed.

Redbeacon's leadership team will stay in place and will remain in San Mateo, Calif.