CAVA Group to Acquire Zoës Kitchen for $300 Million
Plano, Texas — CAVA Group Inc., a privately held restaurant group specializing in Mediterranean cuisine, will acquire Zoës Kitchen for approximately $300 million.
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Rite Aid, Albertsons Terminate $24 Billion Merger Amid Stockholder Pushback
Camp Hill Pa. and Boise, Idaho — Rite Aid Corp. (NYSE: RAD) announced Wednesday it has called off its previously announced merger with Boise-based Alberstons Cos.
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GGP Stockholders Approve $9.25 Billion Brookfield Deal
New York and Chicago — GGP Inc. stockholders have approved the proposed takeover by Brookfield Property Partners (BPY), clearing the way for the $9.25 billion acquisition to close.
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Foodservice Distributor UNFI to Acquire Grocery Retailer Supervalu for $2.9 Billion
Providence, R.I. And Minneapolis — Natural and organic products distributor United Natural Foods Inc. (NASDAQ: UNFI) has agreed to acquire Supervalu Inc. (NYSE: SVU) for $2.9 billion.
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CBL Properties Names Michael Lebovitz President
Chattanooga, Tenn. — Chattanooga-based CBL Properties has named Michael Lebovitz president of the company.
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Scott Hook Rejoins Marcus & Millichap as Senior Vice President of Investments
Newport Beach, Calif. — Marcus & Millichap has announced that Scott Hook, formerly executive vice president at Coldwell Bank Commercial Advisors, has rejoined Marcus & Millichap as senior vice president of investments.
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Fashion Retailer Michael Kors to Acquire Jimmy Choo for $1.35 Billion
New York City — Global fashion retailer Michael Kors has agreed to acquire Jimmy Choo, a London-based luxury footwear and accessories brand, for approximately $1.35 billion.
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David Gorelick Joins Cushman & Wakefield as Head of Retail for the Americas
Chicago — Industry veteran David Gorelick, a renowned Simon Property Group and Ralph Lauren Corporation executive, will join Chicago-based Cushman & Wakefield as executive managing director and head of retail for the Americas.
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Gymboree to Close Nearly 350 Stores
San Francisco — The Gymboree Corporation plans to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands.
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Walgreens, Rite Aid Call Off Merger Agreement, Announce $5.2 Billion Portfolio Sale
Deerfield, Ill. — The merger between Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Rite Aid Corp. (NYSE: RAD) has been terminated.
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