Content about Company Affiliates

August 25, 2014

Burger King Worldwide is in discussions to buy Canadian coffee and doughnut chain Tim Hortons.

New York -- Burger King Worldwide is in discussions to buy Canadian coffee and doughnut chain Tim Hortons. The two companies said in a joint statement on Monday that the new publicly listed entity would be based in Canada. The move comes as the White House is calling on Congress to take steps to prevent U.S. companies from moving outside the country (“tax inversions”).

The two restaurant companies are currently worth a combined total of about $18 billion, according to media reports.

August 4, 2014

Germany-based airport management services provide the Fraport Group has expanded its international portfolio in the global airport market by acquiring 100% of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc.

Frankfurt, Germany – Germany-based airport management services provide the Fraport Group has expanded its international portfolio in the global airport market by acquiring 100% of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc. Airmall markets space at the aviation hubs of Baltimore, Boston, Cleveland and Pittsburgh.

July 28, 2014

Zappos has reportedly been testing a new mobile personal shopping assistant called “AskZappos” since June 2014.

Las Vegas – Zappos has reportedly been testing a new mobile personal shopping assistant called “AskZappos” since June 2014. According to CNet, AskZappos lets mobile shoppers send images and then locates the desired products as well as other recommended items on the Zappos site.

July 1, 2014

Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

Meriden, Conn. -- Vestis Retail Group, made up of the East Coast-based Bob's Stores and Eastern Mountain Sports, has signed an agreement to acquire Los Angeles-based Sport Chalet.

June 26, 2014

eBay Enterprise, an eBay Inc. company, announced that Designer Shoe Warehouse will expand its omnichannel fulfillment capabilities with eBay Enterprise In-Store Pickup.

King of Prussia, Pa. -- eBay Enterprise, an eBay Inc. company, announced that Designer Shoe Warehouse will expand its omnichannel fulfillment capabilities with eBay Enterprise In-Store Pickup. The company is also poised to launch ship-to-store as part of its progressive omnichannel strategy.
  

June 24, 2014

EBay Inc. has appointed Craig Hayman as president of its eBay Enterprise business.

San Jose, Calif. - EBay Inc. has appointed Craig Hayman as president of its eBay Enterprise business. Hayman brings more than 30 years of enterprise technology leadership including executive positions at IBM’s Industry Cloud Solutions and WebSphere businesses.

June 24, 2014

Oakley, a wholly owned subsidiary of Luxottica Group, the world’s largest eyewear company, is looking to take its performance-driven, namesake brand to the next level. On the heels of its first global marketing initiative, the company has opened a state-of-the-art flagship on Fifth Avenue in Manhattan. (Oakley operates stores under the banners of Oakley Stores, Bright Eyes and The Optical Shop of Aspen, and has a varied optics brand portfolio that includes Eye Safety Systems, Oakley, Oliver Peoples and Paul Smith Spectacles.)

June 20, 2014

Billionaire activist investor Carl Icahn, who recently engaged in a high-profile effort to force EBay to separate its PayPal business, is now demanding that Family Dollar sell itself. Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, sent an open letter to Family Dollar chairman Howard Levine saying that it is imperative the company be put up for sale immediately.

Matthews, N.C. – Billionaire activist investor Carl Icahn, who recently engaged in a high-profile effort to force EBay to separate its PayPal business, is now demanding that Family Dollar sell itself. Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, sent an open letter to Family Dollar chairman Howard Levine saying that it is imperative the company be put up for sale immediately.

May 29, 2014

Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

Indianapolis — Simon Property Group has completed the separation of Washington Prime Group Inc., which is now an independent public company that will be traded on the New York Stock Exchange under the symbol “WPG.”

Washington Prime holds interests in 98 retail assets, including the strip center business formerly owned by Simon.
 

 

May 14, 2014

For a couple years now, outlet centers have been moving from the outskirts of cities closer and closer to downtown. Howard Hughes Corp.’s Outlet Collection at Riverwalk is the first to make it all the way downtown — into the center of the newly rebuilt New Orleans.

For a couple years now, outlet centers have been moving from the outskirts of cities closer and closer to downtown. Howard Hughes Corp.’s Outlet Collection at Riverwalk is the first to make it all the way downtown — into the center of the newly rebuilt New Orleans.

Slated to open on Memorial Day weekend, the former 200,000-sq.-ft. Riverwalk Marketplace has expanded into a 250,000-sq.-ft. outlet center following a $70 million redevelopment.

May 7, 2014

Simon Property Group plans to distribute all of the common shares of Washington Prime Group Inc. to Simon stockholders.

IndianapolisSimon Property Group plans to distribute all of the common shares of Washington Prime Group Inc. to Simon stockholders. Following the distribution, Washington Prime will be an independent, publicly traded company listed on the New York Stock Exchange under the symbol “WPG.”

May 2, 2014

Toward the end of 2008, it became painstakingly obvious to retailers that impulse spending was out and frugal saving was in. Faced with an imminent recession, staggering job loss and quickly depleting discretionary and savings accounts, consumers began to shift their focus to value. The impact of such a large-scale economic event and an abrupt consumer focus shift would appear to alter the fundamental realities of retail.

May 2, 2014

Even as the economy continues on a path of slow improvement, brick-and-mortar retailers still find themselves in a real estate market with few vacancies and even fewer new malls under construction. In addition, corporate management remains reluctant to expend any more capital than it feels is absolutely necessary to meet immediate needs.

April 30, 2014

Walmart is adding car insurance to its lineup of consumer services.

Bentonville, Ark. – Walmart is adding car insurance to its lineup of consumer services. The retailer said it is partnering with AutoInsurance.com, which helps customers comparison shop for auto insurance,  to provide customers with "a one stop shop" for their auto insurance needs.

The site allows consumers to look at prices at several insurance companies, including Progressive and Esurance (owned by Allstate), and contrast them with their current insurance.

April 15, 2014

Safeway Inc. has completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings Inc. owned by Safeway.

Pleasanton, Calif. - Safeway Inc. has completed the distribution to its stockholders of 37.8 million shares of Class B common stock of Blackhawk Networks Holdings Inc. owned by Safeway. After the completion of the distribution, Safeway no longer owns any shares of Class B common stock of Blackhawk.

April 7, 2014

Sears Holdings Corporation completed its spin-off of Lands' End Inc. on April 4.

Hoffman Estates, Ill. -- Sears Holdings Corporation completed its spin-off of Lands' End Inc. on April 4. The specialty apparel company has now been separated from Sears Holdings and its common stock is expected to begin regular-way trading on the Nasdaq Capital Market under the symbol "LE" on April 7.

March 20, 2014

During the 2013 holiday season, Alex and Ani turned to EBay Enterprise, an EBay Inc. company, to help drive sales and achieve higher ROI through its Facebook ads.

Cranston, R.I. – During the 2013 holiday season, Alex and Ani turned to EBay Enterprise, an EBay Inc. company, to help drive sales and achieve higher ROI through its Facebook ads. Between Thanksgiving and Cyber Monday, the company’s Facebook ads drove $1.6 million

March 19, 2014

As part of minority eBay shareholder Carl Icahn’s ongoing battle to separate eBay from sister company PayPal, the activist investor on Wednesday urged fellow eBay shareholders in an open letter to sell 20% of its PayPal unit in an IPO.

New York -- As part of minority eBay shareholder Carl Icahn’s ongoing battle to separate eBay from sister company PayPal, the activist investor on Wednesday urged fellow eBay shareholders in an open letter to sell 20% of its PayPal unit in an IPO.

The latest move, which Icahn said would prompt a stand-alone PayPal while preserving the synergies between the pair of companies, is softer than Icahn’s January announcement that he wanted a full spinoff of PayPal from eBay.  

March 14, 2014

Ann Inc., owner of Ann Taylor and Loft, on Friday reported better-than-expected fourth-quarter profit but forecast a lower-than-expected outlook for the year.

New York – Ann Inc., owner of Ann Taylor and Loft, on Friday reported better-than-expected fourth-quarter profit but forecast a lower-than-expected outlook for the year. The retailer also announced a strategic realignment that includes integrating stores and e-commerce and will result in the loss of about 100 corporate jobs.

January 8, 2014

Hess Retail Corporation, a wholly-owned subsidiary of global energy company Hess Corporation, has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission.

New York -- Hess Retail Corporation, a wholly-owned subsidiary of global energy company Hess Corporation, has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission. The form contains a preliminary information statement about the potential terms and conditions of a spin-off of Hess Retail Corporation to the stockholders of Hess Corporation.

December 19, 2013

Frederick's of Hollywood Group Inc. has entered into a definitive merger agreement that provides for the acquisition of the company by a consortium consisting of HGI Funding LLC, a wholly-owned subsidiary of Harbinger Group Inc., and certain of the company's other common and preferred shareholders.

Hollywood, Calif. -- Frederick's of Hollywood Group Inc. has entered into a definitive merger agreement that provides for the acquisition of the company by a consortium consisting of HGI Funding LLC, a wholly-owned subsidiary of Harbinger Group Inc., and certain of the company's other common and preferred shareholders. The members of the consortium as a group beneficially own approximately 88.6% of the company's common stock.

December 6, 2013

In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.

Hoffman Estates, Ill. — In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.

Sears has been selling or spinning off assets during the past few years as it struggles to turn around its business. The company sold its Orchard Supply Hardware Stores and its Sears Hometown and Outlet Stores businesses last year. In October, Sears said it would consider strategic alternatives for its line of auto centers. Sears also is selling some store leases in Canada.

November 15, 2013

Canadian convenience store giant Alimentation Couche-Tard Inc. announced t it has signed, through its wholly-owned subsidiary Circle K Stores Inc., an agreement with Albuquerque Convenience and Retail to acquire 23 stores in New Mexico.

Laval, Quebec City -- Canadian convenience store giant Alimentation Couche-Tard Inc. announced t it has signed, through its wholly-owned subsidiary Circle K Stores Inc., an agreement with Albuquerque Convenience and Retail to acquire 23 stores in New Mexico. Albuquerque Convenience and Retail is subsidiary of Phillips 66 Company.

November 11, 2013

Sears Canada announced that it has reached a definitive agreement to sell its 50% joint venture interest in eight properties it owns to Montez Income Properties Corp. for approximately $300 million (C$315 million).

New York -- Sears Canada announced that it has reached a definitive agreement to sell its 50% joint venture interest in eight properties it owns to Montez Income Properties Corp. for approximately $300 million (C$315 million). Sears’ joint venture partner in the properties is The Westcliff Group of Companies.

The company said it will sell its interests in four regional shopping centers, two strip centers and two open-air retail centers.

September 20, 2013

Fiesta Restaurant Group has selected the AMTdirect software platform to manage its portfolio of more than 300 company-owned and franchised locations in the U.S. and Latin America.

Charlotte, N.C. — Fiesta Restaurant Group has selected the AMTdirect software platform to manage its portfolio of more than 300 company-owned and franchised locations in the U.S. and Latin America.

AMTdirect’s integrated platform will streamline processes, consolidate real estate data across the business and provide Fiesta with a 360-degree view of its entire portfolio.