Mergers & Acquisitions

Juvenile products manufacturer Bendon, Inc., has entered the premium craft market following a recent acquisition that also creates the potential for expanded distribution.

North Bergen, N.J. - John Bowlin has been appointed to the board of directors of Vitamin Shoppe Inc., effective Oct. 1. Bowlin currently serves as a director of Generac Power Systems Inc. and the Schwann Food Company.

Prior to his current role, Bowlin most recently held the position of president and CEO of Miller Brewing Company. Throughout his career, Bowlin has served in senior leadership roles at Philip Morris Companies Inc., Kraft Foods Company, Oscar Mayer Food Corp. and General Foods Corp.

Just under two weeks after Aaron’s posted disappointing second-quarter results, the company is seeking a new CEO. Ronald W. Allen, 72, plans to retire as the company’s CEO and will be stepping down from the board of directors, effective August 31, 2014.

Atlanta - Another retailer is looking for a chief executive: Aaron’s Inc. announced that Ronald W. Allen, 72, will retire as CEO and as a member of the board of directors of Aaron’s, effective Aug. 31. Allen has served on the board since 1997 and as CEO since February 2012.

The board has retained Spencer Stuart, an executive recruiting firm, to assist in the process of identifying Allen's successor. The search process will include a full review of both internal and external candidates.

New York -- Sascha Bopp, CEO of Crate &and Barrel, has resigned. The retailer’s COO and CFO, Adrian Mitchell, has assumed interim leadership. A search is underway for a permanent replacement.

“This position will concentrate on supporting the company’s evolving business strategy and include a deepened focus on the customer experience and growth in the digital space,” the company said in a statement.

Deerfield, Ill. — Walgreens on Wednesday said it has exercised its option to buy the remaining 55% of European pharmacy retailer and wholesaler Alliance Boots in a $15.26 billion deal that will keep the drug store chain's corporate tax headquarters in the United States. Walgreens said it is not in the best long-term interest of its shareholders to re-domicile outside the United States.

Dallas —
 SRS Real Estate Partners has hired Danielle M. O'Hara Murphy as a senior associate in the Orlando office. She will primarily focus on providing tenant representation for national retailers, as well as acquisitions, dispositions, investment properties and landlord representation.

O’Hara Murphy previously worked with CBRE, The Staubach Company and JLL.

Walgreens has exercised its option to complete the second step of its strategic transaction with Alliance Boots ahead of the original option period, which was between February and August 2015. The transaction, subject to shareholder and various regulatory approvals, would fully combine the two companies to form the first global pharmacy-led, health and well-being enterprise.