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Mergers & Acquisitions

  • Fannie May Fine Chocolates in 62-store franchise deal

    Carle Place, N.Y. -- 1-800-Flowers.com announced Tuesday the signing of a 45-store franchise development agreement for its Fannie May Fine Chocolates division with GB Chocolates. The agreement calls for 45 new Fannie May franchise stores beginning in December 2011, with all open and operating by year-end 2014.

    The first three stores under the agreement are slated to open in Minnesota in time for the Christmas holiday. The agreement provides exclusive development rights for several Midwestern states as well as specific cities in Florida and Ohio.

  • Stirling announces exec promotion

    Covington, La. -- Stirling Properties announced it has promoted Chris Abadie to VP and manager of the Commercial Brokerage Division after 11 years as a sales and leasing executive with the company.

    In his new role, Abadie will oversee all aspects of commercial operations throughout each of Stirling Properties brokerage offices located in Louisiana and Mississippi. 
     

  • Mattel CEO to retire at year's end

    EL SEGUNDO, Calif. — Mattel has announced that Robert A. Eckert, 57, will retire as CEO, after 11 years with the company, effective Dec. 31. The board of directors has named Bryan G. Stockton, 58, who has held the position of chief operating officer for the last year, to succeed Eckert as CEO, effective Jan. 1, 2012. Eckert has agreed to continue in his role as chairman of the board, and the board has elected Stockton as a member of the board, effective January 1, 2012.

  • American Eagle incoming CEO receives $3.3 million signing bonus

    New York City -- American Eagle Outfitters will pay a signing bonus of $3.3 million along with a base salary of $1 million to its new incoming CEO Robert L. Hanson, the Pittsburgh Business Times reported.

    Hanson takes over for the chain’s longtime chief executive James V. O’Donnell, who is set to retire Jan. 28.

  • Golden Triangle Mall acquired, to be redeveloped

    Dallas -- GTM Development, a limited partnership created by The MGHerring Group and Cencor Realty Services, said it has completed the acquisition of Golden Triangle Mall in Denton, Texas.

    MGHerring will be responsible for the redevelopment of the 765,000-sq.-ft. Golden Triangle Mall, which will begin in early 2012 with a grand reopening slated for next fall.

    Cencor manages the mall while MGHerring and The Weitzman Group, Cencor’s brokerage affiliate, jointly lease the property.

  • Jimmy John’s to open at Kemp Crossing

    Wichita Falls, Texas -- Dallas-based Cypress Equities said Monday that Jimmy John’s Gourmet Sandwiches has signed a lease to occupy 1,710 sq. ft. at Kemp Crossing, located in Wichita Falls, Texas.

    The new Jimmy John’s location will be operated by franchisee Balwanti Indra Dayaram.

  • Casey resigns as American Apparel acting president

    LOS ANGELES — American Apparel announced that Tom Casey has resigned as acting president of the company. Casey was appointed in October 2010 to work with Dov Charney and key investors to validate the company’s strategy, improve operating disciplines and optimize the capital structure, the company reported.

  • A Look Ahead to ICSC New York Deal-Making

    As the International Council of Shopping Centers’ New York Deal-Making Conference in New York City quickly approaches, it seems appropriate to zero in on the world’s No. 1 retailing market. Chain Store Age talked with Ivan Friedman, president and CEO of New York City-based RCS Real Estate Advisors about the Dec. 5-6 conference, and the state of retail in the Big Apple and its surrounding region.

    What are your thoughts on the upcoming NY ICSC show?

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