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Sport Chalet founder Norbert Olberz dies
Long-time sporting goods industry executive Norbert Olberz, 86, who founded Sports Chalet in 1959, died of natural causes last Friday the company announced on Sunday.
Olberz served as CEO of Sports Chalet for 40 years until 1999, and he remained as chairman until 2001. He is survived by his wife of 52 years, Irene, his sister, Elizabeth Lepper, his son, Eric, and by his grandchildren Karl and Markus.
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Francesca’s prices IPO
New York — Francesca's Holdings Corp. will price its initial public offering of 10 million shares between $14 and $16 a share, the Houston Business Journal reported.
The women’s specialty apparel retailer will trade on the Nasdaq Stock Exchange, under the ticker symbol FRAN, the report said.In March 2011, private equity firm CCMP Capital acquired a controlling interest in Francesca’s, which operates 160 stores.