Content about Company Investment

February 27, 2014

Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

New York -- Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

October 4, 2013

Neiman-Marcus Group Inc. and Hudson’s Bay Company (HBC) are reportedly seeking loans to support merger and acquisition activity.

Dallas – Neiman-Marcus Group Inc. and Hudson’s Bay Company (HBC) are reportedly seeking loans to support merger and acquisition activity.

According to Bloomberg, Neiman-Marcus is trying to secure $3.75 billion in loans to support its planned buyout by Ares Management LLC and the Canada Pension Plan Investment Board. That figure reportedly includes a $2.95 billion term loan and an $800 million asset-backed loan.

September 13, 2013

A group of private equity companies, including Advent International and CDIB Capital, have joined together to acquire a significant equity position in International Coffee & Tea, which owns and operates stores under The Coffee Bean & Tea Leaf banner, with an eye on expanding in Asia.

Boston — A group of private equity companies, including Advent International and CDIB Capital, have joined together to acquire a significant equity position in International Coffee & Tea, which owns and operates stores under The Coffee Bean & Tea Leaf banner, with an eye on expanding in Asia. Other investors participating in the transaction include Mirae Asset Private Equity and the Sassoon family (the latter is the largest existing shareholder of The Coffee Bean, and is remaining as a substantial shareholder).

August 12, 2013

Office Depot and OfficeMax have narrowed their list of CEO candidates to five, and expect to have the person in place in September.

Boca Raton, Fla. – Office Depot and OfficeMax have narrowed their list of CEO candidates to five, and expect to have the person in place in September. The rival chains are set to merge in a $1.2 billion deal that is expected to close by the end of the year.

In a joint press release, the two retailers said that after reviewing and vetting more than 100 candidates and interviewing eight, the CEO Selection Committee has narrowed the field down to five candidates it believes can lead the combined business forward following the merger.

May 23, 2013

Apax Partners will acquire the 900-store, teen apparel retailer Rue 21 in a deal valued at about $1.1 billion.

New York -- Apax Partners will acquire the 900-store, teen apparel retailer Rue 21 in a deal valued at about $1.1 billion. The private equity firm, which has a 30% stake in Rue21, also owns Cole Haan and Takko Fashion as part of its retail portfolio.

Rue21's board approved the transaction based on a unanimous recommendation by a special committee made up of three independent directors. The company has set up a special committee of independent directors to solicit and evaluate higher bids during a 40-day go-shop period.

February 12, 2013

OfficeMax has received approximately $129 million in cash proceeds related to its October 2004 investment in Boise Cascade Holdings, LLC.

Naperville, Ill. -- OfficeMax has received approximately $129 million in cash proceeds related to its October 2004 investment in Boise Cascade Holdings, LLC. Since 2004, OfficeMax has held two classes of securities in BCH, non-voting equity securities ("Series A Units") and voting equity securities ("Series B Units").

July 24, 2012

Private equity firm Clayton, Dubilier & Rice said it has exited its investment in Sally Beauty Holdings with $1.9 billion in proceeds.

New York -- Private equity firm Clayton, Dubilier & Rice said Monday it has exited its investment in Sally Beauty Holdings with $1.9 billion in proceeds.

CD&R sold all of its 86 million Sally common shares at an average price of $22.68. In 2006, CD&R invested $571 million to acquire 47.5% of Sally Beauty Holdings, from The Alberto-Culver Co. in a leveraged spin-off transaction. All remaining shares were spun off to then-current Alberto-Culver shareholders.

 

May 23, 2012

Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

Cincinnati -- Macy's Inc. will start selling some of its private brand merchandise directly to shoppers in China through a deal with an online retailer there.

The chain said it will the goods through a Macy’s section on Omei.com, a newly established China-based online retailer of in-season luxury and fashion brands operated by VIPStore Co., a Chinese e-commerce firm and parent company of Omei.com

August 22, 2011

Michaels Stores and procurement management firm LogicSource announced a five-year agreement under which LogicSource will provide print procurement and related services to Michaels.

Norwalk, Conn. -- Michaels Stores and procurement management firm LogicSource announced a five-year agreement under which LogicSource will provide print procurement and related services to Michaels. More than $250 million of print and promotional spend will be covered over the life of the contract.
 

June 20, 2011

Wal-Mart Stores, announced Monday that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited.

Bentonville, Ark. -- Wal-Mart Stores, announced Monday that the company has completed its investment for a 51% stake in South African-based Massmart Holdings Limited.

December 28, 2010

Chain Store Age spoke with Jon Pollack, executive VP sales promotion, marketing and e-commerce for Belk, about the company’s rebranding and other initiatives.


HEADQUARTERS Charlotte, N.C. 

TYPE OF BUSINESS Department store operator

NUMBER OF STORES 305 stores in 16 Southern states


The nation’s largest privately owned department store company is stepping up — and updating — its profile. Belk, founded in 1888, is investing an estimated $70 million during the next year and a half to support a rebranding push that puts a more modern and contemporary spin on its Southern heritage. 


September 27, 2010

The Container Store has become the first CashStar retailer to roll out Facebook integration....

August 4, 2009

Hilco Consumer Capital, through its Hilco Brands unit, and in partnership with Infinity FS Brands,...

September 3, 2008

Mervyn's Holdings LLC has sued its former private-equity owners, saying the firms stripped out real...

June 30, 2008

Steve & Barry’s University Sportswear may close an estimated 100 stores, roughly 40% of its...

January 25, 2006

Foothill Ranch, Calif., ...

September 12, 2005

Boston, Off-price e-retailer...

September 12, 2005

Boston, Off-price e-retailer...

February 28, 2005

New York City, ...