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Mergers & Acquisitions

  • Bobrick acquires youth seating line

    Bobrick Washroom Equipment has acquired the commercial youth seating line (high chairs, boosters and infant cradles) of Central Specialties, Crystal Lake, Illinois.

    Koala Kare Products (KKP) Centennial, Col., a division of Bobrick, will be responsible for the sales, marketing and distribution of the product line with its current offering in the foodservice and hospitality markets.

  • Dov Charney in comeback attempt at American Apparel

    The founder and ousted CEO of the embattled American Apparel is nothing if not determined.

    Charney said he has hired Los Angeles-based Cardinal Advisors to evaluate options as he explores plans with new and existing investors and industry executives to revive the company, which filed for bankruptcy in October.

  • Kroger tops Q3 profit, misses on sales

    The nation’s largest supermarket operator reported profit that surpassed Wall Street expectations and raised its annual forecast.

    Kroger Co.’s third-quarter earnings rose 18% to $428 million.

    Revenue inched up 0.4% to $25.08 billion for the quarter, ended Nov. 7. missing Street forecasts of $25.22 billion. Kroger cited lower fuel prices as impacting sales.

    Same-store sales, excluding fuel, rose 5.4%, more than expected. It was the chain’s 48th consecutive quarter of positive same-store sales growth (excluding fuel.)

  • RadioShack just named who as its chief creative officer?

    An entertainer, actor and television personality — who also happens to be the ex-husband of recording star Mariah Carey — has been tapped as the creative head of the reborn RadioShack.

    The chain announced it has hired Nick Cannon as its chief creative officer. And he won’t just be a figurehead or celebrity pitchman, according to the company.

  • Saks Off 5th names four new locations in Canada

    Saks Fifth Avenue Off 5th continues to expand north of the border.

    The off-price retailer and Ivanhoé Cambridge announced an agreement to bring four new Saks Off 5th locations to Canada. The stores, the brand’s first in their respective markets, will open in four Ivanhoé Cambridge shopping centers: Tsawwassen Mills, Tsawwassen, B.C., Outlet Collection Winnipeg; Place Ste-Foy, Quebec City; and Montreal Eaton Centre, Montreal.

    Here are the details on the four locations:

  • Federal Realty taps Forest City exec to strengthen mixed-use development team

    Rockville, Md. -- Federal Realty Investment Trust announced the addition of Ramsey D. Meiser to the newly created position of senior VP of mixed-use development reporting to executive VP of development Donald Briggs.

  • Sears still can't stop sales skid

    Sears Holdings Corp. is doing a much better job at cutting costs than at stopping its sales decline.

  • Sales miss but profits top estimates at Dollar General

    Dollar General Corp. missed Wall Street projections for sales in its third quarter, but the chain came out on top again in its earnings. It also named a permanent CFO.

    The discounter on Thursday posted its fifth consecutive quarter of double-digit earnings growth. It was the third consecutive quarter that Dollar General beat the Street's projection for earnings.

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