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Mergers & Acquisitions

  • Best Buy exec heads to Zynga as CFO, chief accounting officer

    Zynga, a leading social game developer, has appointed former Best Buy executive David Lee as CFO and chief accounting officer, effective April 14. Lee will report directly to CEO Don Mattrick.

    He succeeds CFO and CAO Mark Vranesh who is leaving the company. Vranesh will work with Lee over the next month to ensure a seamless transition of responsibilities, according to the company.

  • Lane Bryant opens new stores in Minnesota, Texas

    Columbus, Ohio – Lane Bryant opens two new stores Friday, April 11. The stores are located at Burnsville Center in Burnsville, Minn., and Alliance Town Center in Fort Worth, Texas.

    Lane Bryant operates 775 stores nationwide and an e-commerce site.

     

  • Top exec changes made at Walmart’s Massmart

    Guy Hayward was named CEO of Massmart to fill a position currently held by Grant Pattison, the executive who engineered the sale of a majority stake of the South African retailer to Walmart.

    Pattison joined Massmart in 1998 and served as CEO since 2007, helping to engineer the sale of a majority stake in the company to Walmart several years ago. Assuming the CEO role on June 1 will be current COO Guy Hayward. He joined Massmart in 2000 as CFO and was later named COO and also played a key role in the Walmart and Massmart transaction.

  • Coldwater Creek files bankruptcy, to liquidate

    Sandpoint, Idaho -- Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy protection, with plans to close its stores and wind down operations by early summer.

  • Safeway gets second request for merger info from FTC

    Pleasanton, Calif. -- Safeway Inc. has received a request for additional information and documents from the Federal Trade Commission ("FTC") in connection with the FTC's review of the previously announced agreement and plan of merger among Safeway and Albertson’s.

  • Versatile Systems taps new financial chief

    Versatile Systems, a multi-disciplinary technology company with solutions across the mobile, digital signage, IT infrastructure, software and hardware landscape, has appointed Vicki Turjan as chief financial officer.

    The company is turning to Turjan to enhance its growth and increase operational efficiencies.

  • Massmart CEO resigns

    Sandton, South Africa – Grant Pattison, CEO of Massmart Holdings Ltd., a South African retailer that operates as a subsidiary of Wal-Mart, is resigning. Pattison, 43, will be replaced by Massmart COO Guy Hayward, 48, on June 1, as part of what the company terms a smooth succession plan.

    Pattison joined Massmart in 1998 and was appointed CEO in 2007. He was CEO when Massmart sold a majority stake to Wal-Mart Stores Inc. Hayward has served with Massmart since 2000, receiving appointments as CFO in 2001 and COO in 2012.

  • Tiffany’s general counsel to step down

    New York -- Patrick B. Dorsey, general counsel and secretary of Tiffany and Co. since 1985, has decided to retire from the company effective May 22. On that date, Leigh M. Harlan will be promoted to the position of senior VP, secretary and general counsel with responsibility for the company’s worldwide legal affairs.

    Harlan will report to Michael J. Kowalski, Tiffany’s chairman and CEO. Harlan, 37, came to Tiffany in 2012 from Cravath, Swaine & Moore, a New York City law firm, where she practiced corporate, transactional and finance law.

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