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Corporate Governance

  • PriceGrabber has a new president

    LOS ANGELES — PriceGrabber, a division of CPL Holdings, has appointed Jeff Goldstein as president. In his new role Goldstein will direct strategy and oversee the day-to-day operations of the business. 

  • Burger King expands home delivery to Salt Lake City

    Miami -- Burger King Worldwide said that it has now added Salt Lake City to the list of markets employing home-delivery.

    "BK Delivers is already performing well in Boston, New York, Miami, Houston, Los Angeles, Chicago, San Francisco Bay Area, Las Vegas, Sacramento, greater Washington, D.C., Phoenix and Denver,” said Petru Pusta, director retail innovation, Burger King Worldwide. The program allows consumers in each delivery zone to customize and order Burger King menu items by phone or online.

  • Uniqlo to branch out in U.S. this fall with 10 stores

    NEW YORK — Japanese apparel retailer Uniqlo, a division of Fast Company, is expanding its U.S. footprint with the opening of 10 stores this fall in New York, New Jersey, Connecticut and California.

    The new locations, all in shopping centers, will bring the brand’s presence in the United States to a total of 17 sites.

  • RadioShack considering hiring financial adviser

    New York -- A Thursday report by Reuters said that RadioShack is considering bringing in a financial advisor to guide the struggling chain toward managing its looming debts and spiraling sales.

    According to the report, which cited unidentified sources, RadioShack will hear pitches from financial advisers in the coming weeks, looking for the right fit to deal with $216.4 million in convertible notes coming due August 1, as well as falling sales capped off by a 7.6% drop in the first quarter of 2013.

  • Destination Maternity flagship to open in Virginia Beach

    Virginia Beach, Va. -- Destination Maternity Corp. has leased 5,033 sq. ft. for a new flagship store in The Town Center of Virginia Beach, according to Divaris Real Estate.

    Motherhood Maternity will close all of its locations in Southside Hampton Roads and move into the new Destination Maternity in September. The new store will carry all of the retailers concepts including Motherhood Maternity and A Pea in the Pod.

  • Executive leadership changes at ScottsMiracle-Gro

    MARYSVILLE, Ohio — The Scotts Miracle-Gro Company has named Ivan Smith as EVP, general counsel and corporate secretary. The 10-year veteran of the company replaces former EVP Vincent Brockman, who resigned to "pursue other interests."

    "Ivan possesses tremendous legal knowledge and experience and has been a strong leader throughout his career," said Jim Hagedorn, chairman and CEO. "His sound judgment and business acumen will serve ScottsMiracle-Gro well in the years to come."

  • Sold: Mount Prospect Plaza in suburban Chicago

    Oakbrook Terrace, Ill. -- Mid-America Real Estate Corp.’s investment sales group has brokered the sale of the 301,045-sq.-ft. Mount Prospect Plaza in Mount Prospect, Ill., a northwestern suburb of Chicago.

    Ramco-Gershenson Properties Trust purchased the property for $36.1 million from a pension fund advised by JP Morgan Asset Management Inc.

  • Phillips Edison-Arc acquires Salinas, Calif., center

    Cincinnati -- Phillips Edison-ARC Shopping Center REIT Inc. has acquired Boronda Plaza in Salinas, Calif. Food 4 Less, a subsidiary of Kroger, anchors the 93,071-sq.-ft. shopping center, which is 98% occupied.

    When combined with the Food 4 Less lease, 68% of the rents for the center derive from national tenants. More information at Phillipsedison-arc.com.
     

     

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