Mergers & Acquisitions

Warren, Mich. — Art Van Furniture has announced the opening of a 46,000-sq.-ft. store in Fort Wayne, Ind., across the street from the Glen brook Mall in January.

With 50 stores across Michigan, Ohio, and Illinois, Art Van Furniture is the Midwest’s largest furniture retailer.

Bentonville, Ark. -- Wal-Mart Stores detailed a number of moves, including opening smaller stores in the United States, cutting back on overseas growth and increasing its investments in technology and e-commerce,  on the occasion of the  company’s 20th annual investor meeting.

Johnson & Johnson saw its growth initiatives pay off in the third quarter and increased its earnings guidance for 2013.

The company had sales of $17.6 billion for the quarter, an increase of 3.1% as compared to the third quarter of 2012. Operational results increased 4.7% and the negative impact of currency was 1.6%. Domestic sales increased 1.7%. International sales increased 4.2%, reflecting operational growth of 7.1% and a negative currency impact of 2.9%.

Canton, Mass. -- Dunkin’ Donuts announced it is expanding to California's Central Valley and Central Coast, including Fresno, Bakersfield, Sacramento and Santa Barbara, Calif. The company is recruiting qualified multi-unit operators to open both traditional restaurants and a wide range of non-traditional venues, including colleges and universities, casinos, military bases, supermarkets, airports and travel centers. Over time, Dunkin' Donuts plans to have as many as 1,000 restaurants throughout the state.

Advantage Sales & Marketing has acquired food brokerage company Tri-Venture Marketing to expand its national footprint and enhance its capabilities across a range of fresh categories.

Advantage, already one of the nation’s leading providers of sales, marketing and third party merchandising support services to retailers and suppliers, will operate the new business as Advantage Tri-Venture and maintain the firm’s existing headquarters in Lakeland, Fl., which coincidentally is the hometown of leading southeastern supermarket operator Publix.

The Scotts Miracle-Gro Company, a leading marketer of branded consumer lawn and garden products, has reached an agreement with Bell Laboratories, Inc., a leading rodent control technology developer, to acquire the Tomcat consumer rodent control business.

Dallas — Savills, a global real estate services provider listed on the London Stock Exchange, has announced the formation of a strategic alliance with SRS Real Estate Partners — the largest real estate firm exclusively dedicated to servicing retail clients in the U.S.

The alliance will act as a bridge between U.S. and U.K. markets and provide Savills’ and SRS’s retail clients access to expert advise about growing internationally

Scovill Fasteners, a developer and manufacturer of a diverse range of fasteners for apparel and industrial partners and part of the Gores Group portfolio of companies, has elected Gores executive James I. Pinto to its board.

“I’m pleased to have someone of Jim’s caliber and experience join our board, and am excited for our team’s opportunity to work with him,” said CEO Craig Stoudt.