Mergers & Acquisitions

Emeryville, Calif. -- Extreme-value grocer Grocery Outlet announced that it has entered into a definitive agreement to be acquired by affiliates of Hellman & Friedman LLC along with Grocery Outlet’s senior management team from its principal owner, Berkshire Partners LLC. The terms of the transaction were not disclosed.

New York -- The hunt is on for a new president and COO at Dick's Sporting Goods. Dick’s disclosed in a regulatory filing that Joseph Schmidt is retiring as president and COO of the retailer, a role he has held since 2009, at year-end. In other changes, John Duken, executive VP of global merchandising since 2012, plans to retire, effective at the end of November.

Cambridge, Mass. -- Highland Consumer Partners, a growth-stage venture capital firm focused on the consumer sector, announced that retail executive Marty Hanaka joined the firm in August of this year as an operating partner.

Hanaka most recently was the interim CEO of Guitar Center, from January 2013 to April 2013.  

Previously, he served as the chairman of Golfsmith International Holdings, from April 2007 to November 2012, and was CEO from June 2008 to November 2012.   

Columbus, Ohio -- Washington Prime Group announced Tuesday it will acquire shopping center REIT Glimcher Realty Trust in a deal worth $4.3 billion.

Washington Prime Group, a Bethesda, Maryland-based REIT, and Glimcher will combine under a new name WP Glimcher, with headquarters remaining in the current Glimcher offices in Columbus, Ohio.

The newly combined company will remain publicly traded.

Fremont, Calif. -- Men's Wearhouse has named Mary Beth Blake as the company's president and chief merchandising officer, effective Sept. 10. She was previously executive VP and chief merchandising officer.

From 2013 to 2014, Blake was executive VP and chief merchandising officer and from 2008 to 2013 she was the president of K&G.

Before joining K&G, she was with Macy's Midwest Division as senior VP, general merchandise manager for men's and children's.

New York - India, China, and Malaysia are the top-ranked offshoring destinations. According to the 2014 Global Services Location Index (GSLI) from A.T. Kearney, India, China, and Malaysia remain the top three offshoring destinations, and Asia continues to dominate, with six of its countries among the top 10.

New York -- ICA Sweden has signed a licensing agreement with Starbucks Coffee Company to open Starbucks retail stores in the grocery store channel in Sweden. The cafés will be operated by ICA according to the Starbucks licensing concept and under the Starbucks brand.

Initially, the plan is to open three Starbucks retail stores during 2015. These will then be evaluated before a decision is made on the possible establishment of more cafés.

Top Dick’s Sporting Goods executives Joe Schmidt and John Duken have announced plans to leave the retailer before the end of the fiscal year.

Schmidt has served as Dick’s president and COO since 2009. He joined the company in 1990 and has served in key leadership roles with the retailer during his 24 year tenure. Schmidt will remain with the company until the end of the fiscal year, but could leave sooner once a successor is named.

Build-A-Bear Workshop has appointed Voin Todorovic as its new CFO, reporting to CEO Sharon John.

"Voin has a solid background in linking financial goals and business objectives. I am excited to have him join the team as we continue to evolve our business model to leverage the strength of the Build-A-Bear brand to drive toward the Company’s stated objectives of sustainable, profitable growth,” said John.

Brookstone president and CEO James M. Speltz has resigned. The product development company and specialty retailer with 240 stores in malls and airports across the U.S has appointed chief merchandising officer Steve Schwartz as interim president and CEO.