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Mergers & Acquisitions

  • Phillips Edison acquires Publix grocery-anchored center in Florida

    Cincinnati -- Phillips Edison & Company announced it has acquired Berry Town Center, located in Davenport, Florida, 15 miles southwest of Orlando. The grocery-anchored shopping center is 99,441 sq. ft. anchored by Publix and features retailers Leslie’s Pool Supplies, Regis, and Linksters Tap Room.

  • Victoria's Secret vet joins Chico's board of directors

    Chico’s is looking to a veteran of Victoria’s Secret to help the company navigate some troubling times. The company announced that Cynthia A. Fields has been appointed to its board of directors, effective immediately. Fields was also appointed to the board's merchant committee.

  • New CEO Sought at Tuesday Morning

    Michael Rouleau was never seen as a long-term leadership solution as Tuesday Morning’s CEO, but the veteran retailer’s abrupt departure with no immediate successor named reveals the off-price retailer lacked a succession plan.

    The company said Rouleau, 77, will remain in a consultative capacity until March 31, 2016 and that it had created a new Office of the Chairman led by current Board Chairman Steven Becker to support oversight of the company’s strategic initiatives until a new CEO can be hired.

  • PLYMOUTH MEETING MALL

    Location: Plymouth Meeting, Pennsylvania

    Size: 948,000 sq. ft.

    Owner: PREIT

    Key Tenants: Whole Foods Market, Dave & Buster’s, Redstone American Grill, P.F. Chang’s, Benihana, California Pizza Kitchen, Zoes Kitchen, American Eagle Outfitters, Charming Charlie, Express, Gymboree, H&M, J.Crew Factory, Orvis

  • Hussman acquires Commercial Refrigerator Door

    Hussmann Corporation has acquired Commercial Refrigerator Door Company, Sarasota, Florida.

    Family owned and operated since 1975, Commercial Refrigerator Door offers a full line of Styleline products, including heated and energy-free glass door and frame systems for walk-in coolers and freezers and a wide range of shelving and merchandising accessories.

  • Old Navy exec sets sail to become CEO of Ralph Lauren

    The top executive at Gap Inc.’s fastest growing division, Old Navy, has resigned to become CEO of Ralph Lauren.

    Gap Inc. said that Stefan Larsson would step down as global president of Old Navy effective October 2, 2015, and the division would be led on an interim basis by Jill Stanton, executive VP of global product at Old Navy.

  • The Shoppes at Webb Gin welcomes new retailers

    Snellville, Ga. -- Olshan Properties announced two new retail tenants have signed leases at The Shoppes at Webb Gin in Snellville, Georgia. Orangetheory Fitness opened earlier this month and Fuzzy’s Taco Shop announced plans to open in early fall at the center.

  • Costco readies expansion ahead of holidays

    A strong dollar and tumbling gas prices made Costco’s fourth quarter sales results seem weak. They weren’t and now the company plans to open 12 more clubs before year end.
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