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Mergers & Acquisitions

  • RKF taps Cesar to strengthen ties with Latin America

    Alex Cesar, who had been running JLL’s retail department in Brazil, has been hired by RKF to head up its Miami office.   “Alex will be a crucial driver of our expansion in South Florida and will strengthen the bridge between the Latin American and U.S. retail markets,” said RKF CEO Robert Futterman in announcing the move.  

  • Walgreens cuts store closure estimate

    Walgreens Boots Alliance may not have to shutter as many stores in the wake of its planned merger with Rite Aid as it once thought.   

  • Supervalu to supply regional grocer

    Supervalu Inc. will serve as primary wholesaler for Indianapolis-based Marsh Supermarkets.   Supervalu has entered into a long-term supply agreement with, and will also provide some professional services to Marsh, which operates approximately 70 Marsh Supermarkets and O’Malia Food Markets stores across Indiana and Ohio. Marsh also operates 38 pharmacy locations.  

  • With Rite Aid deal on track, Walgreens Boots Alliance Q3 sales hit $29.5 billion

    Walgreens Boots Alliance reported climbing sales and profits in a generally successful third quarter of fiscal 2016.  

  • Amazon Books headed to Hudson Yards

    Amazon Books is headed to Hudson Yards, the massive redevelopment underway on New York’s west side, according to a report in the New York Post.   The online retailer debuted its bricks-and-mortar retail format last November, at University Village in Seattle, and is set to open a second location, in San Diego, this summer. A third location, at Washington Square Mall, in Tigard, Oregon, is expected to open this fall. The Hudson Yards location would be Amazon’s East Coast beachhead.  

  • TODAY’S CONSUMER IS SMARTER— IS YOUR BOARD?

    Today, when it comes to adding new members to your board of directors, creating a balance between industry experience and innovation is extraordinarily important. Filling board seats with industry veterans and compliance experts may feel comfortable in the short term, but to adapt to today’s savvy and demanding consumer, companies must be more forward thinking.

    We’ve all witnessed the recent evolution of the C-suite — companies bringing in new, young talent, often from other industries, to modernize a brand, enhance the store experience or to leverage technology.

  • This big-box retailer is still expanding

    PGA Tour Superstore is growing its retail presence even as many other big-box stores downsize.     The chain will open a 45,500-sq.ft. store at Woodlands Shopping Center, Houston, in a former Sports Authority location, this fall. It’s the first Houston location for the company, whose controlling owner is Arthur Blank, co-founder of Home Depot.  

  • Get ready: Kayne West’s next venture is retail stores

    Adidas is doubling down on its relationship with Kanye West, the outspoken entertainer who doubles as a fashion designer.    The German sportswear giant and West are expanding their very successful Yeezy brand via a new partnership called adidas + Kanye West. The Yeezy-branded collection will consist of footwear, apparel and accessories for all genders that will work across street and sport.    

  • Dick’s Sporting Goods wins bidding war

    Dick’s Sporting Goods was the victor on Thursday at the bankruptcy auction for former rival Sports Authority Holdings.    Dick’s bid $15 million for the brand name and other intellectual property, beating British-based Sports Direct International PLC’s $13 million bid, according to the Wall Street Journal.      Dick’s also had the winning bid at the auction for 31 Sports Authority store leases, for an additional $8 million, the report said.  

  • Delray Beach shopping center sells for $33 million

    New Century Commons, a shopping center in Delray Beach, Florida, has been purchased by Menin Development for $33 million, according to a report in the Sun Sentinel.

    Seller of the 84,551-sq.-ft. center was Linton 510 LLC, which faced uncertainty over the future of one of its anchors, Sports Authority, which filed for bankruptcy in March. Questions about cash flow going forward complicated the closing of the sale, though a Menin spokesman told the South Florida newspaper that several retailers have inquired about the Sports Authority space.

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