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Mergers & Acquisitions

  • Voting extended in Family Dollar deal

    Dollar General has extended the deadline for Family Dollar shareholders to approve a buyout deal while it continues to recommend a “no” vote on a competing proposal from Dollar Tree.

  • Elizabeth Arden swings to Q1 loss, plans Southeast Asia entry

    New York -– Non-recurring items, including charges relating to stock issuance and tax valuation, helped swing Elizabeth Arden Inc. to a net loss of $25.5 million in the first quarter of fiscal 2015, compared to net income of $1.59 million in the same period a year earlier. Declining North American fragrance sales helped reduce net sales 21% to $270.38 million from $343.6 million.  

  • Report: Wal-Mart plans to close 30 Seiyu stores in Japan

    Bentonville, Ark. – Wal-Mart Stores Inc plans to close about 30 underperforming Seiyu stores in Japan. Wal-Mart first invested in Seiyu in 2002 and took full control of the chain in 2008.  

  • Quiznos expands into Middle East, Asia

    Denver -- Quiznos continues to expand its international development with growth into seven countries in Asia and the Middle East. This is the latest addition to an international development strategy to open more than 1,000 restaurants in more than 40 countries by 2020 and will widen the company footprint abroad through the help of international master franchisees.  

  • Starbucks swings to profit in Q4, plans 1,650 new stores

    Seattle –- Starbucks Corp. topped off a generally successful fourth quarter of fiscal 2014 by swinging to net income of $587.9 million from net loss of $1.23 billion the fourth quarter of the prior fiscal year. The removal of a one-time arbitration charge of $2.8 billion helped bring Starbucks into the black.  

  • Bi-Lo Holdings install Cardtronics ATMs

    Jacksonville, Fla. -- Bi-Lo Holdings LLC, parent company of BI-LO, Harveys and Winn-Dixie grocery stores, has completed an ATM installation project with Cardtronics ATMs. As part of an ATM services relationship that began with Winn-Dixie in 2003, Cardtronics owned and operated approximately 470 cash machines for that grocery store in 2013 when Bi-Lo Holdings agreed to transition additional locations and banner names to Cardtronics.   

  • Pfizer vet named president at Bridgestone

    Bridgestone Americas announced that TJ Higgins has been named president of the consumer U.S. and Canada divisions for the company's tire operations, effective Nov. 3. Higgins succeeds Gordon Knapp, who became COO of Bridgestone Americas in March. 

    Higgins brings more than 20 years of consumer products marketing and strategic business experience to Bridgestone. He most recently served as the North America regional president for Pfizer Consumer Healthcare and also held leadership roles at Merck and Vlasic throughout his career. 

  • PizzaRev plans 40-plus franchise stores in five new markets

    Los Angeles -- PizzaRev, a fast-casual build-your-own pizza concept, is adding five franchise groups to develop the brand throughout Denver, Washington D.C., Las Vegas, Long Island, New York and Columbus, Ohio. PizzaRev plans to open at least 40 franchise locations across the markets.   Beyond its 12 corporate locations in greater Los Angeles, PizzaRev currently operates franchise locations across four states.  
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