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Sur La Table acquired by Investcorp
New York City -- Sur La Table has been acquired by Investcorp, a global asset management firm. The Seattle-based retailer, which specializes in kitchen goods, operates 86 stores nationwide.
Investcorp acquired Sur La Table from the Behnke family and investment firm Freeman Spogli & Co., who will both remain as investors in the kitchen goods retailer. Terms of the deal were not disclosed. No management changes are expected.
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Report: Facebook to launch new social commerce button
New York City -- Facebook will announce that it is adding a “Want” button to its wall during its developers conference later this week, according to techcrunch.com.
The launch of the new social commerce button will be accompanied by the addition of several other buttons, including “Read,” “Listened” or “Watched” various pieces of content.