Chicago — Cushman & Wakefield has established a new Sports & Entertainment Advisory Group to provide solutions for designing, building, financing, operating and maximizing revenue streams for athletic and entertainment venues. The new S&E Advisory Group includes partnerships with industry leaders such as Chicago-based sports and entertainment marketing firm W Partners. The group will serve sports franchise owners, local governments and municipalities, private owners of entertainment venues and public and private universities. It will also provide advisory services for arenas, stadiums, adjacent retail and entertainment complexes, amphitheaters, convention centers, motorsports …
Irving, Texas — Following a merger with the parent company of the Chuck E. Cheese brand, London-based Leo Holdings Corp. plans to rebrand itself and take the new company public on the New York Stock Exchange (NYSE) under the ticker symbol “CEC.” The enterprise value of the combined company, which will be known as Chuck E. Cheese Brands Inc., is estimated at $1.4 billion. Leo Holdings, which is self-described as a special purpose acquisition firm, has entered into a “definitive business combination agreement” with Queso Holdings Corp., which is the …
Hamilton, Bermuda — Signet Jewelers (NYSE: SIG), which owns jewelry retailers Kay, Zales and Jared, will close approximately 150 North American stores after the 2019 holiday shopping season, the company said in its latest earnings report. These store closings follow Signet’s previous shuttering of 262 stores, most of them in North America, and are part of a larger downsizing program that will reduce the Bermuda-based retailer’s total store count by 13 percent over a three-year period. According to the earnings report, Signet’s same-store sales declined by 2 percent during the …
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 …
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 …
Illinois, Iowa and Michigan — Real estate advisory and brokerage firm A&G Realty Partners has announced the results of its Jan. 28 bankruptcy auction of the final department store properties formerly owned by The Bon-Ton Stores Inc.
Duluth, Ga. — Moonbeam Capital Investments LLC has promoted Shawl Pryor Sr. from senior vice president to chief operating officer.
Melville, N.Y. — A&G Realty Partners has been retained to sell 2,587 Payless ShoeSource store leases in the U.S. and Canada.
San Diego — Charlotte Russe Holdings Corp. has filed for Chapter 11 bankruptcy in Delaware.
Hoffman Estates, Ill. — Former Sears CEO Edward Lampert has won a bankruptcy auction for Sears Holdings Corp., according to The Wall Street Journal and other media reports.