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Financial/Banking

  • Marcus & Millichap names retail director

    Cleveland -- Marcus & Millichap Real Estate Investment Services said it has named Craig M. Fuller director of the firm’s National Retail Group and Net Leased Properties Group in Cleveland.

    Fuller joined Marcus & Millichap in June 2008. He specializes in the sale of both multi-tenant and single-tenant net-leased retail investment properties throughout the Midwest with a special focus on Ohio and Pennsylvania.

     

  • Aaron's names former Equifax exec as senior VP

    Atlanta -- Aaron's has appointed Robert W. Kamerschen as the company’s senior VP and general counsel.

    Kamerschen will be responsible for managing all legal and governmental affairs for Aaron's, including employment law, regulatory matters, intellectual property, litigation, vendor relationships, financings, acquisitions and other general legal matters. As general counsel, he will report directly to chairman, president and CEO Ronald W. Allen.

  • Private equity firm TowerBrook Capital to acquire True Religion for $835 million

    Vernon, Calif. -- True Religion Apparel has entered into a definitive merger agreement with New York and London-based investment management firm TowerBrook Capital Partners, in a transaction valued at approximately $835 million.

  • Fleet drivers can fuel up at Meijer gas stations

    Thanks to an agreement between Meijer and Voyager network owner U.S. Bank, Fleet drivers can now use their Voyager network fuel cards at Meijer gas stations in the Midwest.

    Cardholders presenting U.S. Bank Fleet Cards or those issued by any of the bank’s Voyager network partners can now make purchases at 189 Meijer fueling sites in Michigan, Ohio, Indiana, Illinois and Kentucky.

  • Canadian youth set for more spending power

    Toronto – Continuing income growth means today’s Canadian youth will assume more spending power than their parents currently have during the course of their lifetimes, according to a new report from BMO Economics. The report cites ongoing gains in real media income and compensation, as well as expected future decreases in unemployment, in making this rosy forecast.

  • Overstock.com edits its board

    SALT LAKE CITY — Online discount retailer Overstock.com held its annual meeting and made changes to its board of directors.

    Stockholders re-elected Joseph J. Tabacco and elected Jonathan E. Johnson III to the company's board for terms of three years each. The board also named Johnson as its new executive vice chairman.

  • K-C names former McD’s exec as VP, treasurer

    DALLAS — Kimberly-Clark has named Karen Leets as its new VP and treasurer, succeeding Nancy Loewe, who will continue to serve as the company's chief strategy officer. Leets will report to SVP and CFO Mark A. Buthman.

    In her new role, Leets will be responsible for the entire treasury practice at Kimberly-Clark, including capital markets, cash planning, global cash and foreign exchange management, real estate and banking and rating agency relationship management.

  • Retailers see mixed results in April

    NEW YORK — The Buckle and Zumiez all reported better-than-expected same-store sales for April, even as concerns about the job market bit into other retailers’ results.

    The Buckle, Inc. reported a 6.2% increase in same-store sales for April, well ahead of the 1.5% same-store revenue growth anticipated by Wall Street analysts. The teen apparel retailer also reported year-to-date same-store revenue growth of 1.2% and total sales of $269.7 million, a 2.3% increase. 

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