Birmingham, Ala. — Bayer Properties promoted Jami Wadkins and Libby Lassiter to co-presidents of the Birmingham, Alabama-based development company. The promotions complete a leadership transition that began two years ago. Jeffrey Bayer and David Silverstein have formally stepped down from their respective operating roles at the firm but retain an ownership position in the company and its real estate assets. Wadkins will continue her role as chief financial officer and Lassiter will continue her role as executive vice president of retail leasing and development. Wadkins and Lassiter will oversee operational …
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New York City — Tommy Hilfiger has closed its flagship store on Fifth Avenue in Manhattan, and the apparel retailer also plans to shutter its store on Collins Avenue in Miami on April 28. These moves mark the closing of the only two full-price Tommy Hilfiger stores in North America. According to executives, the closures will enable the company to direct resources and capital toward experimentation with new retail concepts and experiences, with an emphasis on appealing to younger customers. The four-story flagship store originally opened in 2009. Tommy Hilfiger …
Conshohocken, Pa. — Wedding dress retailer David’s Bridal has filed for Chapter 11 bankruptcy protection. The Conshohocken-based company says it plans to keep its more than 300 David’s Bridal stores and online platform open and operating without disruption.