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Corporate Governance

  • And the most compelling Christmas ad is...

    New York - The Brits are no slouches when it comes to holiday advertisements.

    The competition between British retail giants to come up with the most compelling TV ad grows more intense every holiday season.

    This year, the biggest initial buzz was created by Sainsbury, with its depiction of the famous Christmas truce on the battlefields of World War I.

  • Former Toys “R” Us chief named CEO of Hudson’s Bay

    Toronto  - Hudson’s Bay Co. has named Gerald Storch, the former CEO of Toys “R” Us, as its new CEO, effective January 6.  An industry veteran with over 30 years of experience, Storch oversaw the expansion of Toys “R” Us online and international business. Prior to joining the toy giant, he was vice-chairman of  Target Corp., where he founded target.com, and ran the chain’s grocery business.  

  • Chinese search engine Baidu invests in Uber

    Beijing – Baidu, China’s leading search engine, is investing an unspecified amount of money in U.S. online transportation service Uber. Under the terms of the agreement, Baidu will invest in Uber and enable users of Baidu Map and Mobile Baidu, Baidu’s flagship mobile search app, to connect easily with Uber driver-partners.  

  • First Data and Verifone partner to combat consumer payment data theft

    Atlanta – Payment technology provider First Data and secure payment acceptance technology vendor Verifone, are partnering to help retailers reduce exposure to large-scale consumer payment data breaches and expedite acceptance of EMV-enabled credit and debit cards in advance of the October 2015 liability shift for EMV-enabled payment card fraud.    

  • Ex-Toys chief to run Hudson's Bay Co.

    Hudson’s Bay Co. has looked to a Toys “R” Us veteran as its pick for its next CEO effective Jan. 5, although current CEO Richard Baker will stay on as governor and executive chairman of the retailing company.

    Gerald Storch, an industry veteran with over 30 years of experience, oversaw the expansion of Toys “R” Us online and international business. Prior to joining the toy giant, he was vice chairman of Target Corp., where he founded Target.com, and ran the chain’s grocery business. 

  • Sembler and Forge acquire two new shopping centers

    St. Petersburg, Florida - The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners III investment fund, have recently purchased two shopping centers:  Causeway Shopping Center in Indian Harbour Beach, Florida, and Springdale Shopping Center in Austin, Texas.     FREP now owns five shopping centers, and the joint venture is actively seeking additional investments in grocery-anchored shopping centers throughout the Southeast.    

  • Weitzman/Cencor names new CEO

    Dallas - For the first time since its founding in 1989, affiliated Dallas-based commercial real estate services firms The Weitzman Group and Cencor Realty Services has a new chief executive.    Marshall Mills, previously the firm’s COO, has been promoted to CEO.  He takes the reins from company founder and longtime CEO, Herbert D. Weitzman, who will now serve as executive chairman of the statewide retail-focused commercial real estate services firm.  

  • Report: The Pantry readies for sale

    Cary, N.C. – Things are hopping at convenience store/gas station chain The Pantry Inc. According to the Wall Street Journal, the operator of Kangaroo Express and other convenience store banners is preparing to sell itself and already took bids in an auction run by a private investment bank the week of Dec. 8.  
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