Mergers & Acquisitions

New York City -- Cushman & Wakefield announced that Anthropologie will replace the Lowes movie theater on the northwest corner of Third Avenue and 71st Street, in Manhattan.

The theater, which had occupied the space for 50 years, closed at the end of 2010.

The apparel retailer, which has three other locations in New York City (50 Rockefeller Plaza, 85 Fifth Avenue and 375 West Broadway) will occupy approximately 15,000 sq. ft., combining the ground floor and lower level.

Racine, Wis. -- Retail Maintenance Service (RMS) has changed its name to Ascential to reflect its growth and enhanced capabilities.

The number of planned store closures at Talbot’s was bumped to 110 units recently when the company reported disappointing first-quarter results and indicated most of the underperforming units would close during the second half of the year.

Hartford, Conn. -- RBS recently completed a $20 million senior credit facility for FM Global Holdings (FM Facility Maintenance). The proceeds will be used to provide working capital for growth and acquisition financing.

Indianapolis -- Commercial real estate firm Lee & Associates announced the addition of Robyn Smart as a senior advisor of the Indianapolis office.

Smart specializes in tenant representation, site acquisition and landlord representation. In her new role, Smart will be responsible for all aspects of retail brokerage.

Prior to joining Lee & Associates, Smart most recently served as an advisor for CB Richard Ellis.
 

Sydney Rosen, former chairman of Rose Art Industries and a toy industry veteran, died on June 2 at the age of 94. 

Rosen's career in the toy industry began when he went to work for his father's company, Rosebud Art, following a medical discharge from the army. Rosen's father Isidor was an artist and lithographer by trade, creating children’s toys and arts and craft sets, games and puzzles, and eventually Sydney and his brother Irving took over the business themselves as Isidor retired.  Ultimately Rosen bought his brother’s share.

Dayton, Ohio -- A report by the Dayton Business Journal said that the Liz Claiborne distribution center in West Chester, Ohio, will close within the next year.

Liz Claiborne said it plans to close and sell the 900,000-sq.-ft. DC due to “changing business needs,” company spokeswoman Dana Stambaugh told the Journal.

NEW YORK — Phillips-Van Heusen announced that it has entered into a licensing agreement with Ram Pacific under which Ram Pacific will market and distribute apparel and accessories under PVH’s IZOD brand in Singapore, Indonesia, and Malaysia. The initial term of the license agreement runs through December 2015 and provides for a renewal at PVH’s option.