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From penthouse to poorhouse for this retail exec
America’s Thrift Stores has hired former Tiffany executive Mike Kane as its new chief operations officer. Kane joins the leadership team at the largest privately owned thrift store company in the Southeast.
At Tiffany, Kane served as VP of manufacturing and prior to that, as a division president.
"I am excited about joining such a passionate group of people," said Kane, "and I see tremendous dedication to do whatever it takes to achieve the mission we have started."
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XPO Logistics acquires Optima Service Solutions
New York -- Transportation logistics services provider XPO Logistics has acquired Optima Service Solutions, a non-asset provider of last-mile logistics services for major retailers and manufacturers in the United States.
The cash purchase price was $26.6 million, excluding any working capital adjustments, with no assumption of debt.