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Mergers & Acquisitions

  • Brian Cornell named chairman and CEO at Target

    Retail and consumer products veteran Brian Cornell was named chairman and CEO at Target to fill two of the three roles previously held by the company’s former top executive Gregg Steinhafel.

  • Horizon Group, CBL open shopping center in Kentucky

    Rosemont, Ill. - Horizon Group Properties Inc. and CBL & Associates Properties Inc. have opened The Outlet Shoppes of the Bluegrass, which opened fully leased with 90 stores and eateries. The Outlet Shoppes of the Bluegrass is the only outlet center in the state and is located between Louisville and Lexington on Interstate 64.

  • Belk promotes David Zant to president and chief merchandising officer

    Charlotte, N.C. -- Following the resignation of president and chief merchandising officer Kathryn Bufano to take the CEO slot at Bon-Ton, Belk has promoted David Zant as its replacement, effective Aug. 11.

    Zant, who will report to Tim Belk, chairman and CEO, has served as Belk’s executive VP and general merchandising manager of men’s, home and kids since 2008.

     

  • Ohio companies team toward new restaurant concept

    Youngstown, Ohio — AVI Foodsystems and Cafaro Co. have teamed to bring Bob Evans Farms into the mall food court environment.

    Warren, Ohio-based AVI collaborated with Bob Evans Farms to introduce Bob Evans Express, which scales down the traditional Bob Evans restaurant into a concept that works in venues such as workplace cafes, airports, travel plazas and universities.

  • Bill Me Later becomes PayPal Credit; goes global

    San Jose, Calif. – PayPal is rebranding its Bill Me Later online credit service as PayPal Credit. PayPal says it is making the name change as it moves credit more towards the center of our business, aligning it more closely with the overall brand.

    In addition, PayPal plans to introduce PayPal Credit to the U.K. and Germany, based on requests from customers and retailers. The company also plans to expand PayPal Credit to other markets in the future.

  • Amazon to invest $2 billion in Indian operation

    Seattle – Amazon.com is making a serious bid to control the Indian e-commerce market with a planned $2 billion investment in its Indian operation. In a statement emailed to major U.S. media outlets, Amazon said it sees “huge potential” in India’s economy and e-commerce market.

  • Couche Tard buys 55 Super Pantry stores in Illinois, Indiana

    Laval, Canada - Alimentation Couche-Tard Inc. will acquire 55 Super Pantry convenience stores and related assets from Tri Star Marketing Inc. Fifty-one of the stores are located in the state of Illinois ,and four stores located in the state of Indiana. These stores offer Phillips 66 and Mobil branded motor fuel.

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