Corporate Governance

Nashville, Tenn. -- Under Armour plans to build a new one million-sq.-ft. distribution and warehouse facility in Mount Juliet, Tennessee, a suburb of Nashville. This will be Under Armour's third distribution center in the United States, with the original warehouse in the company's hometown of Baltimore, Maryland, and the other located in Rialto, California.

Hoffman Estates, Ill. – Sears Holdings Corp. is selling most of its 51% stake in its Sears Canada division to shareholders as its looks to boost its liquidity before the crucial holiday selling season. Sears, which previously said it was exploring options for the struggling Sears Canada unit and retained Bank of America Merrill Lynch in May 2014, expects to raise as much as $380 million by November 2014. 

As part of its agenda to boost liquidity ahead of the highly contested holiday shopping season, Sears Holdings plans to sell most of its 51% stake in its struggling Sears Canada division to shareholders — a move that stands to raise as much as $380 million by November.

Seattle -- Starbucks Coffee Company and HBO will host a free, all-star concert to honor the nations veterans and their families on the National Mall in Washington, D.C., to be presented live on HBO on Veterans Day, Nov. 11.

The line-up of performers scheduled to appear at The Concert for Valor include Bruce Springsteen, Eminem, Jamie Foxx, Dave Grohl, Metallica, John Oliver, Rihanna, Carrie Underwood and Zac Brown Band, as well as special appearances by Meryl Streep, Tom Hanks and Steven Spielberg, among others.

San Francisco - The RealReal, a provider of authenticated luxury consignment, has appointed Michael Groffenberger as senior category director of fine jewelry and watches. Just prior to joining The RealReal, Groffenberger was executive VP of Shreve, Crump & Low in Boston, prior to that he was a senior sales professional at Tourneau.

Groffenberger is filling a new position created by The RealReal, Groffenberger will run the department, overseeing the full-time staff of fine jewelry & watch expert authenticators.

As part of PepsiCo’s efforts to help drive the U.S. beverage container recycling rate to 50% by 2018, the company is now opening its K-12 school Recycle Rally program to schools across the country.

Deerfield, Ill. – Walgreens and The Western Union Company have launched international and domestic money transfers through a new Western Union stage and pay kiosk model via the Walgreen’s Balance Financial platform. Customers can send or receive money at more than 7,650 Walgreens and Duane Reade locations in 49 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.

Vantiv, a leading provider of payment processing services and related technology for merchants and financial institutions, has appointed Larry Drury as its chief marketing officer. Drury will report directly to CEO Charles Drucker.