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Bob’s Discount Furniture to be acquired by Bain Capital
Manchester, Conn. — Bob’s Discount Furniture has signed a definitive agreement to sell a majority stake of its business to Bain Capital for an undisclosed amount. Bob's management team will continue to own a "significant stake" after the deal and will remain involved in operations, according to the company, which has been majority owned by private equity firm KarpReilly/Apax for the past nine years.
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Target: Encrypted PIN data stolen during credit card breach
Minneapolis -- Target Corp. admitted Friday that “strongly encrypted PIN data” was removed during the hacking that compromised some 40 million credit- and debit-card accounts between Nov. 27 and Dec. 15. The retailer said it remains “confident” that customers’ PIN numbers are safe and secure.