Mergers & Acquisitions

Unilever wants to sell its Soft & Beautiful, TCB and Pro-Line Comb-Thru brands to Strength of Nature. The sale excludes TCB’s business in Africa.

Terms of the deal were not disclosed and it is expected to close in early December.

RadioShack has announced the retirement of Thomas G. Plaskett from the company's board of directors. Plaskett had served on the RadioShack board since 1986, and was a member of the audit and compliance committee as well as the corporate governance committee.

His retirement is effective immediately, and the company intends to begin a search for a new independent director to fill his board seat.

Cincinnati -- The Kroger Co. announced its succession plan for secretary and general counsel.

Paul W. Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992, and executive VP since 2006, will retire in the spring of 2014.

Kroger announced its succession plan for secretary and general counsel. Paul Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992 and EVP since 2006, plans to retire in spring of 2014.

Electrolux has named former Sears executive Nolan Pike as SVP and GM of its North American cooking business.

Pike most recently worked for Sears as their Kenmore brand VP and GM and as the top merchant for Sears Home Appliances, the nation’s largest appliance retailer. Additionally, Pike spent many years in manufacturing and led the development, launch and product management of several notable cooking lines.

New York -- American Retail Capital Properties (ARCP) has appointed Glenn Kindred as executive VP of its restaurants division. Kindred will join Nicholas S. Schorsch, executive chairman and CEO, Lisa Beeson, COO, Brian S. Block, CFO, and Lisa Pavelka McAlister, chief accounting officer, as part of ARCP's self-managed executive team. Joining ARCP from GE Capital, Mr. Kindred will oversee ARCP's growing portfolio of restaurant and quick service assets.  

Plymouth, Minn. -- The Shareholders Foundation, Inc. has filed a lawsuit on behalf of certain purchasers of Tile Shop common stock over alleged violations of federal securities laws in connection with certain allegedly false and misleading statements made between August 22, 2012 and November 13, 2013. The plaintiff alleges that the defendants failed to disclose that one of its largest suppliers, Beijing Pingxiu, is an undisclosed related company secretly controlled by Fumitake Nishi, the brother-in-law of the company's CEO and a Tile Shop employee.

Woonsocket, R.I. -- CVS Caremark has appointed Tracy Bahl to the position of executive VP, health plans. In this role, Bahl will lead the teams responsible for supporting health plan clients while also offering health plans guidance.