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GE names president of lighting division
FAIRFIELD, Conn. -- GE Home & Business Solutions announced that Maryrose Sylvester has been named president and CEO of GE Lighting, a global industry leader in lighting, systems and services for commercial, industrial and residential use.
Sylvester, who will report to GE Appliances & Lighting president amd CEO James Campbell, succeeds Michael Petras who has led GE Lighting since 2008. Petras is leaving GE to take a position outside of the company.
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Report: Inditex pays $400 million for Fifth Ave. Zara space
New York City -- Spain’s The Inditex Group of Spain will pay $400 million for a flagship Zara retail store at 666 Fifth Avenue in Manhattan.
According to a report by the Wall Street Journal, who cited people familiar with the matter, the transaction is one of the largest retail condominium deals ever. Zara bought out a 32,000-sq.-ft. lease from former occupant NBA store, which had less than three years remaining, according to the report.
