Los Angeles — Los Angeles-based fashion retailer American Apparel has emerged from chapter 11 as a private company after successfully implementing its plan of reorganization, approved by the Delaware bankruptcy court in late January.
Tarrytown, N.Y. — Tarrytown-based DLC Management Corp. has named Daniel Taub president and promoted seven.
New York City — Brookfield Asset Management Inc. has made an unsolicited offer to buy the majority stake of mall owner Rouse Properties Inc. that it doesn’t already own for $17 in cash per share, or approximately $657 million.
Bloomfield Hills, Mich. — Bloomfield Hills-based Agree Realty Corp. has promoted Laith Hermiz to chief operating officer and has named Daniel Ravid chief administrative officer and treasurer.
Cincinnati and Milwaukee — The Kroger Co. (NYSE: KR) and Roundy’s Inc. (NYSE: RNDY) have announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Roundy’s for $3.60 per share in cash.
Nashville, Tenn. — Nashville-based Bridgestone Americas Inc. has announced that Pep Boys and Bridgestone Retail Operations LLC (BSRO), a wholly owned subsidiary of Bridgestone, have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for $15 per share, or approximately $835 million in aggregate equity value.
New York — Cushman & Wakefield and DTZ have successfully completed their merger.
Charlotte, N.C. — Charlotte-based Belk, Inc., the nation’s largest family owned and operated fashion department store company, has entered into a definitive merger agreement whereby investment funds managed by New York-based private equity firm Sycamore Partners will acquire 100 percent of Belk in a $3 billion transaction.
Charlotte, N.C. — Real estate developer Stiles has hired a new senior vice president and promoted two employees in its Charlotte office.
Brussels — Ahold and Delhaize — two European grocery giants with strong holdings in the U.S. market — have agreed to merge the two companies.