Mergers & Acquisitions

As part of its ongoing commitment to development in the state, Stirling Properties has acquired nearly 12 acres of land in St. John the Baptist Parish for development of a new medical facility and additional commercial development.    The site is located at the northwest corner of W. Airline Highway and N. Sugar Ridge Road in LaPlace, Louisiana.  

News of Dollar Shave Club’s recent $1 billion sale to global packaged-goods giant Unilever came like a splash of cold water to the face of most in the retail business.    But it shouldn’t have come as a surprise.    The booming success of subscription services is just the next step in the evolution towards seamless, contactless retail that emphasizes ease, convenience, common sense and just a touch of personality and cheeky humor.   

Target Corp. continues to expand its presence in New York City.

Hhgregg has completed its search for a permanent CEO by giving interim chief Robert Riesbeck the long-term nod.   Riesbeck has held the interim title since February, when then-CEO Dennis May tendered his resignation. Now, with the top position becoming permanent, Riesbeck will give up his CFO title and the company will launch a new search for a replacement.  

One of the earliest adopters of the build-your-own pizza concept has notched North Louisiana in its expansion belt.   PizzaRev, the fast-casual pizza banner backed by Buffalo Wild Wings, announced that a franchise agreement has been signed to develop the chain throughout the northern part of Louisiana. Franchisees are lrestaurateurs Cassidy King and Mark Florsheim.  

Smoothie operator Tropical Smoothie Café has refreshed its brand by blending a coastal atmosphere and elevated customer experience – with plans to take the new look and feel to locations nationwide.   "As Tropical Smoothie Cafe continued growing and evolving over the past several years, it became obvious to us that our brand's image needed to follow suit,” said Mike Rotondo, CEO. The company launched the rebranding via a new restaurant design that it plans to introduce to new and existing stores.

Rent-to-own giant Aaron’s saw its revenues rise but profit drop in the second quarter, and the retailer said it would review its store base going forward.