Corporate Governance

New York -- Federal authorities have arrested a former Tiffany & Co. executive, charging her with stealing more than $1 million in jewelry and then reselling it for $1.3 million.

According to reports, Ingrid Lederhaas-Okun was arrested at her home in Darien, Conn. She was charged with wire fraud and interstate transportation of stolen property by the FBI, and could face up to 30 years in prison.

CHARLOTTE, N.C. — Belk is partnering with Project Runway’s 12th season to grow its brand. 

The family-owned and operated department store will be sponsoring this season's accessory wall, as well as a “Modern. Southern. Style.” design challenge that will feature a Belk executive as guest judge. This year's winning designer will have the opportunity to design and sell an exclusive line at Belk.

Brooklyn, Ohio – The Weiss family, which founded the public American Greetings greeting card company is now looking to take it private. As reported by Reuters, the Weiss family is raising an existing buyout offer of $18.20 per share to $19 per share.

The increased offer was contained in a regulatory filing made July 1.
 

LOS ANGELES — Virtual Piggy has appointed Ivo Weevers as the company’s creative director of mobile design. Weevers will be charged with leading and managing the mobile consumer experience team.

Weevers has 15 years of experience in creating mobile, web, device and desktop products across multiple platforms. He has directed design work and lead international design teams in the telecom, device, social media, banking, travel, entertainment, medical automotive industries.

Plano, Texas -- J.C. Penney became the latest retail chain to say it will stop selling products associated with celebrity chef Paula Deen following her admission she has made racially derogatory remarks.

In addition, Ballantine Books has ended an agreement with her to publish five books. That agreement included "Paula Deen's New Testament: 250 Favorite Recipes, All Lightened Up,” which was scheduled for release in October 2013 and had reached number one in presales on Amazon.com and the Barnes and Noble website.

PLANO, Texas — Snapple has taken a page from Seinfeld, the often self-described “show about nothing,” in its latest marketing gambit. 

Greer, S.C. -- Buffets, the parent company of six family style steak buffet restaurant chains, has named Chip Romp to the newly created position of VP Training and Jay Allen to Senior VP Real Estate and Development.

A 20-year training veteran, Romp comes to the company from the Italian Fast Casual concept Fazoli’s, where he served as VP Training, Development & Ops Services. He also has training experience with Applebee’s International, Damon’s International and Jillian’s Entertainment.

Fort Worth, Texas -- RadioShack has named marketing and communications executive Merianne Roth as the company’s new VP of communications, a newly created role at the electronics retailer.

She joins RadioShack from the Fort Worth Convention and Visitors Bureau, where she was VP of marketing and communications. Her background includes leadership roles for J.C. Penney, where she was director of consumer brand marketing and publicity, and Pier 1 Imports, where she served as senior manager of public relations.