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Mergers & Acquisitions

  • Top toy exec joins brand builder

    Former Toys “R” Us president Neil Friedman has joined toy manufacturer Alex Brands as president and CEO.

    Friedman has been appointed to the Alex Brands board of directors earlier this year.  Prior to that he was president of the U.S. division at Toys “R” Us and also served as president at Mattel Brands, Fisher-Price Brands, Tyco Preschool and MCA/Universal Merchandising. Friedman is a member of the Toy Industry Hall of Fame and the International Licensing Industry Merchandiser’s Association’s Hall of Fame. 

  • Alibaba, Apple may partner on payment

    Beijing, China –- Alibaba Group Holding Ltd. and Apple Inc. are reportedly considering partnering on digital payment. According to the Wall street Journal, Alibaba executive chairman Jack Ma and Apple CEO Tim Cook have both made separate public statements about partnering, with Ma more specifically citing digital payment, and plan to meet on the matter.  

  • Sherwin-Williams shines in Q3

    Cleveland, Ohio –- The Sherwin-Williams Company had a strong third quarter of fiscal 2014, with net income growing 24% to $326.24 million from $262.97 million in the same period a year earlier. Net sales climbed 10% to $3.15 billion from $2.85 billion.  

  • Brixmor upgrades shopping center portfolio

    New York -- Brixmor Property Group Inc. has provided an update on its ongoing program to maximize value in its shopping center portfolio. These initiatives involve upgrading its centers' merchandise mix with strong, best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and shopping center net operating income.   

  • Report: Japan’s Softbank to invest $10 billion in Indian e-commerce

    Minato, Japan –- Japanese telecom/technology investment firm Softbank is reportedly planning to invest $10 billion in Indian e-commerce players during the next 10 years.   According to TheStreet.com, Softbank’s investments will include $627 million into Indian e-commerce platform Snapdeal.  

  • 1-800-Flowers net loss continues in Q1

    Carle Place, N.Y. –- 1-800-Flowers.com reported a net loss of $4.58 million for the first quarter of fiscal 2015, a slight improvement from the $4.64 million net loss reported in the same quarter a year earlier. Expenses drove the company’s net loss.  

  • Tractor Supply enters Utah

    Brentwood, Tenn. –- Tractor Supply Company has entered the Utah market with the opening of a store in Perry City, Utah. The store officially opened on Saturday, Oct. 25 and holds its grand opening Saturday, Nov. 1. The new store is 21,930-sq.-ft. and employs approximately 15 team members. Tractor Supply Company now operates more than 1,360 stores in 49 states and employs more than 19,000 workers across the country.

  • Legend Retail Group adds Legend Investment Group

    Denver -– Legend Retail Group a provider of representation of retail tenants and landlords throughout the Denver metro area, has added a component to the firm’s list of client services: Legend Investment Group.    

  • Avison Young executes sale of Lindbergh Crossing in Atlanta

    Atlanta –- Commercial real estate services firm Avison Young has completed the $7.06 million sale of Lindbergh Crossing, a 27,057-sq.-ft., fully-leased shopping center in Atlanta. The team enabled the seller, Lindbergh Crossing, LLC, to harvest a significant gain on the property within a relatively short holding period.  

  • CVS, Rite Aid disable Apple Pay

    Woonsocket, R.I. –- CVS Health Corp. and Rite Aid. Corp., which have both used the near-field communication (NFC) technology that supports Apple Pay, have disabled their NFC payment systems to block Apple Pay from working in their stores. 

     

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