Mergers & Acquisitions

Tarrytown, N.Y. -- DLC Management Corp. announced the promotions of key members including the promotion of Daniel Taub to president. The company recognizes that human capital is its most important asset when it comes to success, developing its people and promoting from within are core business practices.

German discount supermarket chain Lidl has revealed where it will drop its anchor in the United States.

The retailer revealed on its website that it is seeking locations between New Jersey and Georgia. It said it is looking to build stand-alone, 36,000-sq.-ft. stores on sites that are at least 3.5 acres with a minimum of 150 parking spaces.

A timely acquisition helped Coach Inc.’s post a sales gain in the second quarter — its first quarterly increase in 10 quarters.

The handbag and accessories retailer’s total sales increased 4.0% in the quarter ended December 26, to $1.27 billion, up from $1.22 billion in the year ago period.

Wal-Mart Stores has learned that TRC Capital Corporation has made an unsolicited “mini-tender” offer dated Jan. 20, 2016, the company announced Tuesday. TRC has offered to purchase up to 2 million shares of Walmart’s common stock at $59.88 per share. The offering price is approximately 4.3% below the closing price per share of Walmart’s common stock on Jan. 19, 2016, the last trading day before the commencement of the offer.

Walmart is not associated with TRC and recommends that shareholders reject this unsolicited offer.

Family-owned and operated Broadway Panhandler, in Manhattan’s East Village, is going out of business after 40 years in operation.

The cookware store has long been a cult fave among restaurant chefs and home cooks alike.

As to the reason, the owner cited health issues of his wife and said his attempts to sell the business were unsuccessful, according to the New York Times.

Alimentation Couche-Tard Inc. has appointed Claude Tessier as its CFO, effective Jan. 28. The leader in the Canadian convenience store industry, Couche-Tard is the largest independent convenience store operator in the United States terms of number of company-operated stores.

The industry veteran joins Couche-Tard from Canadian grocer Sobeys Inc., where he was president of the IGA Operations Business Unit.

PGA Tour Superstore continues to broaden its footprint with its first store in Utah.

The retailer announced it will open a 25,000-sq.-ft. store in Sandy, Utah, in April. The Sandy store, which will feature four state-of-the-art simulators, four practice hitting bays and an expansive putting green measuring more than 750 sq. ft., is the first of five new store locations the company has announced for 2016.