Mergers & Acquisitions

About a year and a half ago, I wrote the following about Sears in an article that appeared in this space: “the company has been run less like a retail operation and more like a REIT for many years now.”

Brussels, Belgium – Belgian grocery retailer Delhaize Group and Dutch grocery retailer Ahold N.V. have confirmed they are engaged in preliminary discussions about a possible merger that could create one of the largest supermarket operators in the U.S. But the two companies said the talks may not result in any deal.

It’s been a month since the announcement of Hal Lawton’s move from Home Depot to eBay, where he will head up eBay North America.

New York - Ryan Guheen has joined Brixmor Property Group as senior VP, redevelopment & strategic leasing. Guheen is based in New York and will play a major role in the company’s Raising the Bar initiative.

Raising the Bar involves upgrading the merchandise mix at its shopping centers with best-in-class anchors to drive higher sales, traffic and small shop leasing, while elevating center appeal to improve rent levels and net operating income growth.

CVS Health’s MinuteClinic has surpassed 25 million patient visits since the nation's first retail clinic opened in 2000.

Cupertino, Calif. – Apple Inc. is reportedly holding discussions with Alibaba Holding Group Inc. and several Chinese banks to launch Apple Pay mobile payment in China. According to the Xinhua official Chinese news agency, Apple CEO Tim Cook said he is “bullish” on Apple Pay in China and thinks it could gain traction more quickly in China than it has in the U.S. since its September 2014 launch.

New York -- Boscov’s Department Store believes in keeping it in the family. Albert Boscov, 85, has resigned as CEO of the company, and been succeeded by his nephew, Jim Boscov. The new chief, who will continue to serve as vice chairman, is the third generation of the family to lead the privately held business which was founded more than 100 years ago.

Austin, Texas – Epicor Software Corp. is spinning off its retail solutions business into a separate, privately held company, in partnership with funds advised by Apax Partners. Referred to as “SpinCo” until the transaction is finalized, the Epicor retail solutions business continues under the leadership of Noel Goggin, executive VP and general manager.