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Mergers & Acquisitions

  • Gap adds eight more European countries to online presence

    San Francisco -- Gap said Wednesday that it has expanded its Gap and Banana Republic online presence to eight additional European countries through its dedicated European e-commerce sites.

    Gap debuted the dedicated sites in the United Kingdom in August 2010 and then expanded to include nine additional European countries in October 2010. The newest announcement brings the total reach of it European e-commerce business to 18 countries.

  • Report: Big Lots to explore possible sale

    Columbus, Ohio -- Multiple news sources reported late Monday that discounter Big Lots is exploring its options, including a potential sale. No reports have yet been confirmed by the retailer.

    According to Bloomberg, which cited an unnamed source, Big Lots is exploring a possible sale of the company after receiving interest from buyout firms. Big Lots has a total enterprise value of $2.6 billion, according to Capital IQ.

  • Report: Wal-Mart in talks to partner with Indonesia's Matahari

    Jakarta/Singapore -- Wal-Mart Stores is in talks to become a partner of Indonesian retailer PT Matahari Putra Prima to develop its hypermarts, according to Reuters.

    South Korea's Lotte Shopping Co. has withdrawn from talks for a deal with Matahari, the report said. Matahari last month said it will seek a “global partner” to develop its hypermart business.

  • The Crossings at Four Corners redevelopment project breaks ground

    Smyrna, Ga. -- Westchester, Ill.-based Tri-Land Properties announced Tuesday that the redevelopment of The Crossings at Four Corners has launched in Smyrna, Ga.

    Eight acres of the project will be home to a 96,000-sq.-ft. Kroger, the company’s largest grocery store in the Atlanta market.

  • Braun celebrates 90 years

    KRONBERG, Germany  -- Braun celebrated its 90-year company anniversary on Feb. 1. Founded by Max Braun in 1921, Braun today is a globally successful brand and the world market leader in the foil shaver, epilator and handblender segments, according to the company.

  • Greg Rayburn joins A&P's board

    MONTVALE, N.J. — Bankrupt grocer A&P has announced the election of Greg Rayburn to its board of directors, replacing Dr. Jens-Jürgen Böckel, who has resigned from the board.

  • Liz Claiborne names Juicy Couture CEO as business development exec

    NEW YORK -- Liz Claiborne said Friday that Edgar Huber, CEO of Juicy Couture, will be assuming a new position as executive VP global business development for Liz Claiborne, effective Feb. 14.

    The company said Huber will continue to report to William L. McComb, CEO, Liz Claiborne.

    LeAnn Nealz, president and chief creative officer, and John DeFalco, CFO and COO, will jointly manage the Juicy Couture business while the leadership structure for the brand going forward is determined, according to McComb.

  • Liz Claiborne names Juicy Couture CEO as business development exec

    NEW YORK --Liz Claiborne said Friday that Edgar Huber, CEO of Juicy Couture, will be assuming a new position as executive VP global business development for Liz Claiborne, effective Feb. 14.

    The company said Huber will continue to report to William L. McComb, CEO, Liz Claiborne.

    LeAnn Nealz, president and chief creative officer, and John DeFalco, CFO and COO, will jointly manage the Juicy Couture business while the leadership structure for the brand going forward is determined, according to McComb.

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