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  • Darden sells Red Lobster to Golden Gate Capital for $2.1 billion

    Orlando, Fla. -- Darden Restaurants on Friday said it has reached an agreement to sell its struggling Red Lobster chain to private equity firm Golden Gate Capital for $2.1 billion.

    "Red Lobster is exactly the type of company in which we seek to invest given its great brand profile and strong management team,” said Josh Olshansky, managing director at Golden Gate Capital. “We see significant opportunities for future growth by partnering with Kim Lopdrup and the management team to support the long-term success of Red Lobster."

  • Blyth taps new financial chief

    Blyth — a direct-to-consumer company and leading designer and marketer of candles and accessories for the home, as well as health, wellness and beauty products sold through the direct selling and direct marketing channels — has promoted Jane Casey to the role of CFO.

    The company this week announced that VP, CFO Robert H. Barghaus plans to retire later this year after 13 years. Barghaus will remain active as the company's CFO until Casey, an 18-year veteran with the company, assumes the role.

  • Mattel elevates company veteran to head of international

    Mattel has elevated company veteran Tim Kilpin to the role of EVP, international. Kilpin will be responsible for advancing the company’s international presence and leading its growth in emerging markets throughout Asia, Europe and Latin America.

  • Papa John’s names global operations VP as COO

    Indianapolis - Papa John’s International Inc. has promoted senior VP of global operations Steve Ritchie to the position of COO. In addition, the company’s founder, chairman and CEO John Schnatter, will assume the additional role of president, continuing to focus on all aspects of the company’s business while also acting as brand spokesperson.

  • Chute Gerdeman promotes four as it names new creative director

    Columbus, Ohio -- Chute Gerdeman has announced four team member promotions, including the appointment of Mary Lynn Waite, formerly senior designer, brand communications, to creative director.

    In other promotions:

    • Steve Boreman, previously senior designer, brand communications, has been named design director, brand communications.  

    • Kevin Worden has been promoted to director of digital integration, information technology.  

  • Global Facility Management names two new managers

    Melville, N.Y. - Global Facility Management & Construction is naming two new members of its management team. Bruce Wollmuth has been named construction manager, leading a team of construction project managers.

  • The North Face makes sales agency updates

    Outdoor apparel, equipment and footwear supplier The North Face has made key leadership and organizational changes to its sales agency partnerships.

  • Crocs names Rees president

    The CEO search continues at Crocs, but the casual footwear maker does have a new president.

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