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Mergers & Acquisitions

  • Leonard Green firm evaluating BJ’s takeover

    New York City -- Information on Tuesday confirmed that private equity firm Leonard Green & Partners LP is considering an offer to acquire BJ’s Wholesale Club.

    Leonard Green, which already as a 9.3% ownership stake in the wholesale club operator, said in an SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.

    BJ's revealed in February that it was considering selling itself.

  • Former Kohl's exec to head Canadian discount store

    MISSISSAUGA, ONTARIO -- TB!S The Bargain Shop, a leading Canadian discount store chain, announced that Beryl Buley has been appointed president and CEO, effective immediately. Former president and CEO, Michael Roellinghoff, will assume the role of vice chairman of the board.

  • Jones Lang LaSalle names Florida managing director

    Orlando, Fla. -- Jones Lang LaSalle said Tuesday it has appointed Carson Good to lead the firm’s retail capital market business throughout Florida.

  • Coinstar 'eyes' SoloHealth

    BELLEVUE, Wash. — Coinstar will help boost the retail presence of a self-service kiosks provider through a new deal.

  • Report: Wal-Mart antitrust hearings in South Africa delayed

    Johannesburg, South Africa -- A Tuesday report by Bloomberg said that hearings on a Wal-Mart Stores bid to acquire control of Massmart Holdings Ltd. will be adjourned to May 9, following an earlier announcement on Tuesday that the hearings would proceed this week.

    After announcing that it will hear evidence from labor unions and Wal-Mart and Massmart this week and from the government on May 9 and May 10, South Africa’s Competition Tribunal now say the hearing has been adjourned to May 9.

  • Gordon Bros. names managing director

    Boston -- Gordon Bros. Group said Tuesday it has named Leonard R. Polivy as managing director in the Retail Division.

    Polivy began his jewelry career with Gordon Bros. in the mid-1980s and then went on to become president of a wholesale diamond company. He also held other management positions and worked on valuing and restructuring clients within the jewelry sector before returning to Gordon Bros. in 2009.

  • Long-time Olympia Sports president to retire

    Olympia Sports announced that, effective Sept. 1, Dick Coffey, president, will be retiring.  Coffey has served Olympia Sports for more than 35 years, and for the last 12 years he has served as president. He will continue to be involved after his retirement as a member of the company’s board of directors and will consult on new store growth.

    The company has named Ed Manganello, general merchandise manager, as our new president effective Sept. 1.  Manganello started his career with Olympia in 1992.

  • Wet Seal taps Gap veteran Seipel as president and COO

    Foothill Ranch, Calif. -- The Wet Seal announced Monday that it has hired Ken Seipel as president and COO, effective March 28.

    Seipel will report to CEO Susan P. McGalla.

    Seipel was previously president and chief merchandise/marketing officer of Pamida Discount Stores LLC, a regional general merchandise discount retailer. Prior to that, he was executive VP of stores, operations and store design for the Old Navy division of Gap.

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