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Mergers & Acquisitions

  • Kodak Alaris bolsters board and exec team

    Kodak Alaris Holdings Limited has named Brian Larcombe, Patrick De Smedt and Steve Webster as non-executive directors of the board.

    Since the company’s separation from Eastman Kodak Company in Sept. 2013 it has focused on furthering its growth by adding key executive team members. The company appointed James Soames, most recently with Motorola Mobility, chief marketing officer. It also appointed John O’Reilly general counsel and company secretary.

  • J.C. Penney announces closing of new $2.35 billion credit facility

    Plano, Texas -- J. C. Penney Company announced today that it has closed its new $2.35 billion asset-based senior secured credit facility, comprised of a $1.850 billion revolving line of credit and a $500 million term loan.

  • Delhaize nabs ex-Supervalu exec for CEO role

    Kevin Holt was named CEO of Delhaize America to oversee U.S. operations that account for 60% of Belgium-based retailer’s annual sales of $28 billion.

  • Survey: CEOs maintain traditional supply chain focus

    Scottsdale, Ariz. – Although 50% of CEOs say that their supply chain can be a strategic differentiator in the new omni-channel customer paradigm, 83% of worldwide CEOs believe that their retail supply chains are currently “not optimal” for today’s changing retail environment.

  • Macy’s adds Starbucks exec to board

    Macy’s has added Annie Young-Scrivner, EVP of Starbucks Coffee Company and president of its Teavana business, to its board of directors.

  • Things heat up between Family Dollar and Carl Icahn

    Just two weeks after Family Dollar adopted a “poison pill” shareholder’s rights plan, billionaire investor Carl Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, has fired back.

    In an open letter to Family Dollar chairman Howard Levine, Icahn demanded that the company be put up for sale immediately. Icahn also said in the letter that he wants three of his representatives added to the Family Dollar board immediately and will take his proposal for a sale directly to shareholders if management doesn’t support it.

  • Own a piece of the action with PSG

    The company behind leading sporting goods brands Bauer and Easton went public on January 19, offering sports enthusiasts and investors an opportunity to get in the game.

    Performance Sports Group, trading under the symbol PSG on the New York and Toronto stock exchanges, offered roughly seven million shares priced at $15.50 which generated gross proceeds of $110 million. In conjunction with the offer, the company changed its name to Performance Sports Group from Bauer Performance Sports.

  • dd’s Discounts to open first New Jersey store

    Dublin, Calif. -- dd’s Discounts, a division of Ross Stores, will open its first store in New Jersey, in the town of Ewing, on June 28.

    Including this new location, dd’s Discounts will operate approximately 140 locations in 11 states. The company is on schedule to complete its expansion plan to open approximately 20 locations in 2014.

    Together, Ross Dress for Less and dd’s Discounts currently operate over 1,300 off-price apparel and home fashion stores in 33 states, the District of Columbia and Guam.

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