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Mergers & Acquisitions

  • Olshan Properties names Matthew Winn COO

    New York - Olshan Properties announced that Matthew B. Winn will join the firm effective January 2015 as COO.  Reporting directly to CEO Andrea Olshan and working closely with her executive team on the overall management of the company, Winn will be responsible for leading the firm’s daily operations and refining its operating policies, procedures, and processes. He will also focus on ensuring growth of the company’s platform as well as work to enhance its operational efficiency.   

  • Wet Seal may file for bankruptcy

    Wet Seal may file for bankruptcy protection if it fails to immediately resolve its liquidity issues, the company said.

  • Wet Seal considers bankruptcy as Q3 loss widens; closing 60 stores as leases expire

    Foothill Ranch, Calif. -  The troubles keep mounting for teen retailer Wet Seal Inc., which reported a wider loss for the third quarter amid lower revenues and fees related to its exit from its former Arden B business.  The retailer posted a loss of $35.9 million in the quarter emded Nov.1, up from a loss of $12.5  million the previous fiscal year.    

  • Lowe's CEO: Our transformation is gaining momentum

    Lowe’s CEO Robert Niblock cited the recovering U.S. economy as among the reasons why the company plans to focus more on market differentiation and omnichannel retailing.

    The company said it will outline these and other strategic priorities in a meeting with investors on Dec. 11 in North Carolina.

  • RadioShack looks to slash costs as as Q3 loss widens and sales keep falling

    Fort Worth, Texas - There’s no quick turnaround in sight for RadioShack. On Thursday the struggling chain reported a wider-than-expected third-quarter loss and detailed cost costs that include staff reductions and more store closings to boost earnings by some $400 million annually.  

  • Report - Starboard Value increases stake in Staples

    New York – Activist investor fund Starboard Value has reportedly purchased a 6% stake in Staples Inc. and upped its ownership of Office Depot from 8.6% to 10%. According to the Wall Street Journal, Starboard Value may be positioning itself to pressure the two office supply retailers to merge.  

  • Wells Fargo celebrates grand opening at 120 Ninth Avenue

    New York - Stonehenge Partners announced that Wells Fargo has officially opened its 1,375-sq.-ft. space at 120 Ninth Avenue. Wells Fargo is the first tenant to take occupancy at the retail property, which offers almost an entire block of frontage on 9th Avenue between 17th and 18th streets.  

  • Report – EBay may cut thousands of jobs in 2015

    San Jose, Calif. – EBay Inc. is reportedly considering cutting up to 3,000 jobs early in 2015. According to the Wall Street Journal, the staff reductions would primarily occur in the EBay Marketplace unit as the company prepares to spin off its PayPal unit.   
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