Corporate Governance

Electrolux has entered into an agreement to acquire the appliances business of General Electric, one of the leading manufacturers of kitchen and laundry products in the United States, for a cash consideration of $3.3 billion.

The Children's Place has appointed Robert Vill as group VP of finance. He will report to Michael Scarpa, chief operating officer and CFO.

"Bob brings to The Children's Place a wealth of financial expertise in the areas of corporate finance, treasury and investor relations," Scarpa said. "I am very pleased to welcome him to our team."

Imerjn, formerly known as Xumanii International Holdings Corp, is an early stage company that develops and sells mobile software and hardware solutions. It has integrated its cloud with Facebook and Twitter, which will allow users to share files directly from the Imerjn cloud.

In a few weeks, retailers across the country will set out to begin to interview, hire and train workers for very busy holiday season. There is nothing new about these hiring trends. What is new is that we can translate and apply military methods to train, integrate and improve workers effectiveness for a more successful retail season.
 

The increasingly competitive yoga apparel category just got a little more crowded. Sports Authority has launched an exclusive yoga line called Bloom, which it says it created specifically for women who enjoy being connected to the outdoors.

CVS Health has completed the purchase of Miami-based Navarro Discount Pharmacy.

The acquisition includes Navarro's 33 retail locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases. The retail pharmacies will retain the Navarro Discount Pharmacy name.

New York -- Sycamore Partners announced that it has reorganized its Nine West Footwear Group into four separate businesses, each with its own leadership team. The top leadership has changed as well, as the company announced Nine West Footwear Group CEO Kathy Nedorostek has stepped down. She will be replaced in the interim by Andrew Hede, a turnaround specialist and managing director with Alvarez & Marsal in New York.

Kansas City, Kansas -- Legends Outlets Kansas City announced that Coach is extending the stay of the area’s first Coach Factory pop-up location through the holidays, until January 2015.
 
Coach Factory opened its pop-up before Memorial Day weekend and has added new inventory almost daily since opening.
 

Dallas -- UCR Dallas has named Dan Shoevlin, a five-year veteran of the firm, as partner.

Shoevlin handles such high-profile assignments as Highlands at Flower Mound in Texas, Danada Square West in Illinois, Collin Creek Shopping Center, Addison Walk, Twin Creeks Village, Woodland Plaza in Tulsa and Museum Place in Fort Worth.

As partner, Shoevlin is charged with further growing the brokerage platform to meet the demand for institutional-quality leasing/management service in the Dallas/Fort Worth market and in other cities.

San Diego -- Marcus & Millichap announced the appointment of Rick Puttkammer to the position of regional director of its National Retail Group. Puttkammer is based in the firm’s San Diego office and his appointment is part of the firm’s strategy to enhance its brokerage support and client services.

Prior to joining Marcus & Millichap, Puttkammer was senior VP at Colliers International in San Diego, where he focused on institutional investment sales in the Western United States.