Strategy

ATLANTA — Coca-Cola has streamlined its operating structure and the senior leaders for those businesses, the company said.

New York -- Sycamore Partners extended its tender offer to buy The Talbots Inc. to Aug. 2. It is the second extension given by Sycamore to the retailer.

The private equity firm said in May that it would buy Talbots for $193.3 million. The tender offer was previously scheduled to expire at 5 p.m. ET on July 27.

HOUSTON — Retail financial services provider Cardtronics announced that its Harris Teeter- located ATMs will be branded by PNC Bank. The ATMs will be surcharge-free fro PNC Bank customers. Harris Teeter operates a regional chain of supermarkets, with its base of operations in North Carolina. Cardtronics, Inc. (NASDAQ:CATM) is the world's largest retail ATM owner.  

Newport Beach, Calif. -- JustEnough Software, a provider of demand management solutions for retailers, distributors and brand owners worldwide, announced that Five Below has selected its merchandise financial planning solution.

Birmingham, Ala. -- Books-A-Million has named Michael Rediker as corporate development analyst. Rediker will be responsible for identifying, analyzing and implementing strategic corporate initiatives within the organization, including new business growth opportunities.

Rediker was most recently with the investment banking firm Paces Battle Group Inc. where he also provided a broad array of transactional and other corporate finance services to bank and thrift clients.

LONDON — Unilever has put its North America frozen meals business on the sales block.

Bloomfield Hills, Mich.-based Taubman Centers, Inc. has officially broken ground on its new Taubman Prestige Outlets Chesterfield project by hosting a groundbreaking ceremony on July 27.

As part of the ceremony, Taubman revealed a variety of store names that will make their debuts at the new outlet mall, among them Banana Republic Factory Store, Gap Outlet, J. Crew Factory, Brooks Brothers Factory Store, 2b Bebe, American Eagle Outfitters - Off Campus, and Sunglass Hut.

MINNEAPOLIS — Supervalu on Monday named Wayne Sales, a Canadian hall-of-fame-caliber retailer, as the company's president and CEO, replacing Craig Herkert.

“In my new role, I will work closely with our leadership team to improve our sales and earnings trajectory and generate long-term shareholder value, focusing relentlessly on identifying factors that will drive meaningful improvements in our strategy execution and overall performance,” Sales stated.