Mergers & Acquisitions

Philadelphia -- Destination Maternity Corp. reported that net income for the quarter ended March 31, 2014 dipped to $3.2 million, compared to $5.9 million in the same period last year.

Revenue fell 6.5% to $126.1 million from $134.9 million, and same-store sales decreased 5.1%. CEO Ed Krell blamed the disappointing results on inclement weather.

Seattle – Starbucks Corp. has filed building permits to open a La Boulange bakery location in Los Angeles. The permits do not specify a time when Starbucks plans to open the new store.

Starbucks purchased the La Boulange chain in 2012 and currently sells La Boulange-branded baked goods in U.S. Starbucks outlets. However, while there are 22 La Boulange stores in San Francisco, this would be the first location outside that market. Starbucks has previously said it wants to expand La Boulange nationally.

Long Island City, N.Y. – Calypso St. Barth Inc. has obtained a $17.5 million senior-secured credit facility from Salus Capital Partners LLC. The financing will be used to refinance its current lender, general corporate purposes and continued store growth.

“The Salus team has demonstrated a deep understanding of our business,” remarked David Stiffman, president and CFO of Calypso St. Barth. “The new facility with Salus provides us the ability to capitalize on our business momentum and execute our growth strategies.”

Itasca, Ill. -- Jewel-Osco has named company veteran Doug Cygan as VP of marketing and merchandising. His appointment accompanies the grocer’s recent selection of the company’s VP operations Scott Hays under president Shane Sampson’s leadership.

Cygan began his career with Jewel-Osco in 1980 as a grocery clerk. He was promoted to store director, and then held positions of increasing responsibility throughout the company, including VP fresh food merchandising and VP merchandising.

2Checkout, a global online payments provider, has appointed Shawn Budde as CEO. The hire caps a months-long executive search headed by former CEO Tom Dailey, who continues to serve on the board of directors and is an active investor in 2Checkout.

Canton, Mass. – Dunkin’ Donuts has signed multi-unit store development agreements with two new franchise groups to develop 20 new restaurants in South Orange County and the San Fernando Valley area of California during the next several years. The two franchise groups and their development plans include:

Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.

Lost Angeles — CBRE Group has announced that John Ferguson has been promoted to president, southeast region.

Ferguson has led CBRE’s southeast region since January 2011. His elevation to the title of president reflects outstanding performance across a broad range of leadership activities including new business development, business and sales management, market and industry leadership, client relationships and people management, said CBRE in a statement.