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Mergers & Acquisitions

  • Founding officer of Costco dies at 72

    Issaquah, Wash. -- Robert Craves, 72, a founding officer of Costco, died last week shortly after being diagnosed with cancer, The Seattle Times reported.

     

  • Heartland acquires XPIENT Solutions

    Princeton, N.J. -- Heartland Payment Systems, the nation's fifth largest payments processor and a leading provider of merchant business solutions, has acquired leading foodservice industry enterprise-level POS software provider, XPIENT Solutions.  

  • Aaron’s names head of Progressive Leasing unit as new CEO

    Atlanta -- Aaron's announced today that John W. Robinson III, executive VP of Aaron's and CEO of its Progressive Leasing unit, has been named CEO of Aaron's, effective Monday, Nov. 10, 2014.    

  • Sears plans to convert its property in Aventura, Fla., to mixed-use development

    Aventura, Fla. -- In another move to capitalize on its extensive real estate portfolio, Sears Holdings Corp. has submitted plans to the City of Aventura in Florida for the redevelopment of the Sears property at Aventura Mall into an open-air village that will feature retail, restaurants, offices and a hotel.

     

  • RetailNext names IBM exec as chief marketing officer

    San Jose, Calif. -- RetailNext Inc., a leader in applied Big Data for physical retail, named Marc Dietz as its chief marketing officer.    Dietz comes to RetailNext most recently from IBM where he led worldwide marketing for the company’s SaaS portfolio, including multiple acquisitions such as DemandTec, Coremetrics, and Silverpop.   

  • Men’s Wearhouse designer adds dot com presence

    The Joseph Abboud brand has launched an exclusive new collection at JosephAbbound.com and in early 2015 the brand plans to open its first physical store thanks to parent company Men’s Wearhouse.

  • Realignment increases loss at Fairway Market; new CEO, CMO named

    New York –- Corporate realignment costs, particularly severance, increased net loss at Fairway Group Holdings Corp., the parent company of Fairway Market, during the second quarter of fiscal 2015. Net loss grew to $17.23 million from $12.22 million.  

  • Walgreens files for bond offering to finance Alliance Boots purchase

    New York –- Walgreens has reportedly filed for an eight-part benchmark bond offering to help finance its planned $5.3 billion purchase of U.K. drugstore retailer Alliance Boots GmBH. According to Bloomberg, Walgreens has filed with the SEC for three-, five-, seven-, 10-, 20- and 30-year fixed-rate bonds, as well as 18-month and three-year floating-rate notes.  
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