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  • Ackman nightmare over at J.C. Penney

    J.C. Penney said activist investor Bill Ackman resigned from the company’s board and was replaced by former Federated Department Stores executive Ron Tysoe.

  • Ackman quits J.C. Penney board

    New York -- J.C. Penney Co. announced that activist investor and hedge fund manager Bill Ackman has resigned from the board of directors of the company, effective Aug. 12. His resignation comes in the wake of a very public and heated campaign in which he called for the ouster of Penney interim CEO Myron Ullman and chairman Thomas Engibous.

  • Burger 21 signs first franchisee in Arizona

    Tampa, Fla. — Burger 21 has signed its first franchise agreement in Arizona. The deal will bring the first Burger 21 restaurant in the western U.S. to Chandler, Ariz., expanding the brand’s footprint to nine states.

    The franchisee plans to open in Chandler next year and then to pursue a second unit in Phoenix. To date, Burger 21 has nine open locations and 17 franchised restaurants in development across the country.

     

  • Omnichannel expert joins Kurt Salmon practice

    Robert Howard is the newest partner in the Retail and Consumer Products Group at management consulting firm Kurt Salmon.

  • New restaurant signs for Shelter Cove Towne Centre

    Hilton Head Island, S.C. — SERG Restaurant Group has announced that it has signed a letter of intent to create of a new restaurant for Shelter Cove Town Center. The concept for the new restaurant has been in development for three years and will open in 2014. Details were not announced.

  • Pharmavite names former Campbell Soup exec as EVP, sales

    NORTHRIDGE, Calif. — Pharmavite LLC, one of the largest U.S. manufacturers of vitamins, minerals and other dietary supplements, has appointed Timothy Toll as its new EVP of sales.

  • Report: Wal-Mart unit seeks 67% stake in Kenyan chain

    Bentonville, Ark. -- Wal-Mart’s South African subsidiary Massmart Holdings Ltd reportedly seeks a 67% ownership stake in Kenyan retail chain Naivas Supermarkets Ltd. According to Bloomberg, which on Monday reported Naivas was one of several possible Kenyan chains eyed by Massmart for possible expansion, serious talks with Naivas have occurred.

  • Former Dick’s, Kmart exec to lead education company

    RIVER GROVE, Ill. — Follett Corporation has named former Dick’s Sporting Goods executive Don Germano as president and chief operating officer of the Follett Higher Education Group. He replaces Tom Christopher, who announced plans to retire, effective August 30.

    Christopher was president and chief operating officer of the Follett Higher Education Group for nearly 12 years.

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