Skip to main content

Corporate Governance

  • McAlister’s Deli to open 10 Tennessee franchise stores

    Alpharetta, Ga. - McAlister's Deli has signed an agreement with new franchise group MidSouth Hospitality Inc. to open 10 locations in Middle Tennessee. Led by McAlister's veteran Charles Corley, MidSouth Hospitality will be opening its first McAlister's in early 2015.

    The newly formed company plans to open a total of 10 new restaurants during the next seven years.

  • Report: U.K. retailers seek more antitrust damages from MasterCard

    London – A group of U.K. retailers led by W.M. Morrison Supermarkets plc is reportedly seeking to extend the time period for which it can claim antitrust damages against MasterCard from 2006 to 1992. According to Bloomberg, this could add as much as $1.6 billion to the damages the retailers are seeking.

  • Leadership shakeup at American Apparel

    American Apparel has appointed Scott Brubaker as interim CEO and Hassan Natha as EVP and CFO, effective immediately, following John Luttrell’s resignation from the company. Luttrell had been serving as interim CEO and CFO.

  • Positive Outlook for the Northeast Retail Market Continues

    By Matthew K. Harding, president, Levine Management

    Moving into the final months of 2014, the outlook for retail in the Northeast remains quite positive. We are seeing demand from national, local and franchise companies across a broad range of categories.
     

  • Coty's seeks CEO

    Coty CEO Michele Scannavini has stepped down from his role at the company for personal reasons and resigned from Coty's board.

    Coty's chairman, Bart Becht, will become interim CEO, working with Coty's executive committee to ensure a smooth transition and oversee major decisions at the company. The company plans to immediately begin its search for Scannavini's permanent successor. Becht will remain as chairman of the company once a permanent successor has been appointed.

  • Macy’s to increase holiday hires by 3.6%, driven by increased omnichannel needs

    Cincinnati -- Macy’s said it plans to hire about 86,000 seasonal associates for its Macy's and Bloomingdale's stores, call centers and distribution and fulfillment centers for the 2014 holiday season, an increase of about 3.6% from 2013.

    In particular, Macy’s said, its seasonal workforce has grown in recent years in the company’s network of online fulfillment centers in support of increased sales generated by the company’s omnichannel business strategy.

  • E-commerce tech company Qubit readies for US expansion

    E-commerce technology company Qubit has announced a $26m Series B investment led by Accel Partners, with participation from original investor Balderton Capital and Salesforce Ventures, Salesforce.com's corporate investment group.

    Qubit's personalization platform collects detailed information about users' interactions with a website and analyses it to identify patterns of behavior that drive revenue and inspire business-wide optimization decisions.

  • Report: Standard General in talks with RadioShack to improve retailer’s liquidity

    New York -- Standard General LP is in talks to improve RadioShack’s cash position in advance of the holiday season, Reuters reported. The hedge fund said it was in talks with the struggling retailer to buy the company's loans and other commitments under its asset-backed credit facility.

    Standard General has also raised its stake in RadioShack to 9.8% from 7.08%. It is now the retailer’s largest shareholder.

X
This ad will auto-close in 10 seconds