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Mergers & Acquisitions

  • Fashion in footwear is hard to find

    Fashion footwear brand Steve Madden cited a curious lack of significant fashion trends when it lowered its full year financial outlook after reporting a third quarter sales decline.

    The company, which is known to be a trend-setting in the footwear world, said sales for the period ended Sept. 30 declined 0.7% to $392 million and indicated full year sales were likely to increase 1% to 2%.

  • DDR and Blackstone JV closes on $2 billion 71-center purchase

    Beachwood, Ohio --DDR Corp. and an affiliate of Blackstone Real Estate Partners VII announced that a joint venture formed by the pair has closed on the acquisition of 71 shopping centers previously owned by American Realty Capital Properties for $1.93 billion.

  • Family Dollar sets Oct. 30 date for Dollar Tree vote

    Matthews, N.C. -- Family Dollar Stores Inc. has set Oct. 30., 2014 as the date for stockholders to vote on a proposed merger agreement with Dollar Tree Inc. Family Dollar has not yet set the time or location of the vote.  

  • WD-40 is lubricating the world

    Strong international growth offset a decline in domestic sales at WD-40 where the company produced its highest volume fourth quarter ever.

    Total net sales for the period ended August 31, increased 4% to $97.6 million while full year sales increased 4% to $383 million. WD-40 has a strong international presence and the impact of currency exchange rates favorably impacted results. On a constant currency basis total net sales were $93.9 million for the fourth quarter and $377.7 million for the full fiscal year.

  • Savills Studley promotes Stephen G. Berliner to executive VP, New York tri-state region

    New York, N.Y. -- Savills Studley, a global commercial real estate services firm specializing in tenant representation, announced the promotion of Stephen G. Berliner executive VP & branch sanager, New York Office to executive VP, New York Tri-State Region.  

  • Gap approves $500 million share buyback program

    San Francisco –- Gap Inc. has approved a new $500 million share repurchase authorization for the company’s common stock, in an effort to return excess cash to shareholders. The new $500 million repurchase program for Gap’s stock follows the company’s previous $1 billion share repurchase program.   

  • Dollar General adds another DC

    Even if Dollar General doesn’t prevail in its efforts to acquire Family Dollar the company’s expanding distribution infrastructure is positioned to support future growth.

    Dollar General said it plans to build the 13th distribution center in its nationwide network in San Antonio. The facility will measure more than 900,000-sq.-ft., employ roughly 530 people and serve more than 1,000 stores when it opens in October 2015, the company said.

  • B&G Foods names Cantwell CEO

    Branded packaged food supplier B&G Foods elevated EVP and CFO Robert Cantwell to the role of CEO effective Jan. 1.

    Cantwell, 57, a long time B&G employee, succeeds David Wenner, 64, in the top job following Wenner’s decision earlier this year to retire. Wenner will remain on the board and the company has begun a search for a new CFO.

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