Mergers & Acquisitions

Garden City, N.J. -- Sabre Real Estate Group said that Beth Lamport has joined the firm as executive VP.

Previously a director at Breslin Realty, Lamport also was a broker at Polimeni Realty and spent more 20 years as a marketing executive at Federal Department Stores, which owned Macy’s, Bloomingdale’s, Filene’s and Stern’s and now is known as Macy’s Inc.

MINNEAPOLIS — Best Buy Co. said Monday it is buying out its joint venture partner, Carphone Warehouse Group PLC, in its fast-growing North American mobile business for $1.34 billion. As part of the reorganization of its relationship with the U.S. consumer electronics giant, Carphone Warehouse will shutter the 11 pilot big-box Best Buy stores it opened last year in the United Kingdom.

New York City -- Best Buy Co. said Monday it is buying out its joint venture partner, Carphone Warehouse Group PLC, in its fast-growing North American mobile business for $1.34 billion. As part of the reorganization of its relationship with the U.S. consumer electronics giant, Carphone Warehouse will shutter the 11 pilot big-box Best Buy stores it opened last year in the United Kingdom.

San Francisco -- Williams-Sonoma announced today that it has acquired Rejuvenation Inc., a manufacturer and retailer of authentic reproduction lighting and house parts, such as doors and cabinet hardware.

Rejuvenation’s lighting fixtures are custom-configured and made-to-order. The brand’s products are sold through its catalog, website and retail stores in Portland, Ore., Seattle and Los Angeles. The transaction price was not disclosed.

New York City -- The president and CEO of Aaron's Inc. has resigned.

Robert C. Loudermilk, the son of the company's founder, announced his resignation Friday afternoon. In a statement, the appliance and furniture-rental company said Loudermilk was leaving due to health reasons. He also resigned from Aaron's board of directors.

Ronald W. Allen, former chairman and CEO of Delta Air Lines, will serve as Aaron's interim president and CEO.

Columbus, Ohio -- Limited Brands, parent to Victoria's Secret, Pink, Bath & Body Works, La Senza and Henri Bendel, said Thursday it will buy back up to $250 million of its shares.

The new share repurchase program follows the completion of a $500 million share repurchase program. So far this year, Limited has repurchased $1.1 billion worth of its stock.
 

MONTVALE, N.J. — A&P will be able to emerge from chapter 11 next year, thanks to an agreement to receive $490 million of debt and equity financing from private investors comprised of The Yucaipa Companies LLC, Mount Kellett Capital Management LP and investment funds managed by Goldman Sachs Asset Management L.P., the company announced Friday. The agreement is subject to approval of the U.S. Bankruptcy Court for the Southern District of New York.

Addison, Texas -- Coyote Management announced the formation of a new marketing solutions company called Coyote Creative.

With the addition of the new company, the mall owner and manager has expanded its services to include marketing solutions to individual companies, regional malls, lifestyle projects and open-air shopping centers.

The new company will be headed by Kymberley Scalia, corporate director of marketing, and Lindsey Willis, marketing coordinator.