-
American Greetings board considers privatization
CLEVELAND — Greeting card maker American Greetings announced last week that its board has formed a committee of independent directors to consider an offer to privatize the company, reported the Associated Press.
According to AP, CEO Zev Weiss and his brother, president and COO Jeffrey Weiss, along with other investors and executives, submitted a proposal to the board on Sept. 25. The group wants to buy all of the company's common stock that it doesn't already own for $17.18 per share, valuing American Greetings at approximately $581 million.
-
Pacific Sunwear, Demandware launch multichannel commerce solution
BURLINGTON, Mass. — E-commerce solution-provider Demandware said Monday that Pacific Sunwear of California has launched Demandware’s multichannel commerce solution, powered by the Demandware Commerce platform, across its web, mobile and tablet channels as well as its brick-and-mortar stores.
Pacific Sunwear replaced its legacy platform with the new cloud-based platform.