Content about Connecticut

March 31, 2014

Leading global cooler manufacturer Igloo was acquired by Washington, D.C.-based private equity firm ACON Investments from Connecticut-based private equity firm J.H. Whitney.

Leading global cooler manufacturer Igloo was acquired by Washington, D.C.-based private equity firm ACON Investments from Connecticut-based private equity firm J.H. Whitney.

ACON said J.H. Whitney will continue to maintain a small, but undisclosed, stake in the company. Igloo will continue to be led by chairman and CEO Gary Kiedaisch and other members of the existing management team who are also purchasing significant interests in Igloo in connection with the transaction. The company will focus on continued growth in the outdoors, housewares and sporting goods markets.

January 7, 2014

Japanese apparel retailer Fast Retailing remains deliberate in its approach to growth of its Uniqlo brand in the U.S. with plans for five more stores by mid-year.

Japanese apparel retailer Fast Retailing remains deliberate in its approach to growth of its Uniqlo brand in the U.S. with plans for five more stores by mid-year.

There are currently 1,300 Uniqlo locations worldwide in 13 countries, but only 17 stores in the U.S. The five new stores the company is adding this spring and summer will be located in King of Prussia, Pa., Stamford, Conn., and Daly City, Concord, and Milpitas, Calif. The company’s other existing stores are clustered in the Northeast with and northern California.

January 2, 2014

Private equity firm Bain Capital concluded 2013 with the acquisition of Bob’s Discount Furniture, an operator of 47 stores in the Northeast that is intent on expansion.

Private equity firm Bain Capital concluded 2013 with the acquisition of Bob’s Discount Furniture, an operator of 47 stores in the Northeast that is intent on expansion.

Bain acquired a majority ownership position in the Manchester, Conn.-based company and said senior management will continue to own a significant stake. Current CEO Ted English will continue to lead the company whose first order of business for 2014 is entry into the Philadelphia market.

December 12, 2013

So far 20 states and the District of Columbia have enacted laws permitting and regulating the use of marijuana for medicinal purposes. Colorado and Washington have gone further and legalized the recreational use of marijuana. Moreover, Americans’ tolerance for the legalization of marijuana is increasing. An October 2013 Gallup poll showed that 58% of Americans favor legalizing marijuana.

So far 20 states and the District of Columbia have enacted laws permitting and regulating the use of marijuana for medicinal purposes. Colorado and Washington have gone further and legalized the recreational use of marijuana. Moreover, Americans’ tolerance for the legalization of marijuana is increasing. An October 2013 Gallup poll showed that 58% of Americans favor legalizing marijuana.

What does this trend mean for retailers, especially those operating in multiple states? The answer is complex, as the law is evolving.

November 13, 2013

True Religion Apparel has appointed Mary Alderete as the company’s chief marketing officer. Alderete, who will report to CEO David Conn, will be charged with shaping the marketing strategy for True Religion across the company’s retail, wholesale, international and e-commerce platforms.

True Religion Apparel has appointed Mary Alderete as the company’s chief marketing officer. Alderete, who will report to CEO David Conn, will be charged with shaping the marketing strategy for True Religion across the company’s retail, wholesale, international and e-commerce platforms.

October 4, 2013

A recent string of media reports has focused on major retailers that track customers who return merchandise. While the plaintiffs’ bar and the media are seeking to transform return monitoring into a headline-grabbing consumer privacy issue, the practice is hardly new, it is certainly justified as an anti-fraud measure and any litigation or compliance risk should be mitigated by appropriate disclosures.

A recent string of media reports has focused on major retailers that track customers who return merchandise. While the plaintiffs’ bar and the media are seeking to transform return monitoring into a headline-grabbing consumer privacy issue, the practice is hardly new, it is certainly justified as an anti-fraud measure and any litigation or compliance risk should be mitigated by appropriate disclosures.

September 13, 2013

Ethan Allen Interiors has appointed Dave Moore as the company’s VP and chief brand officer.

DANBURY, Conn. — Ethan Allen Interiors has appointed Dave Moore as the company’s VP and chief brand officer.

“Ethan Allen has been here for over 80 years,” Ethan Allen’s chairman, president, and CEO Farooq Kathwari explains, “but we must do everything we can to make sure our brand is as relevant today and tomorrow as it has always been.”

July 31, 2013

True Religion Apparel has appointed David Conn as CEO. He will be joined by a new leadership team that, together with the company’s new owner, TowerBrook Capital Partners L.P., will be charged with guiding the company into its next phase of growth.

VERNON, Calif. — True Religion Apparel has appointed David Conn as CEO. He will be joined by a new leadership team that, together with the company’s new owner, TowerBrook Capital Partners L.P., will be charged with guiding the company into its next phase of growth.

Conn joins from VF Corporation and has leadership experience in brand management and marketing in the apparel and footwear industries. Prior to his time as president of VF Retail Licensed Brands, Conn served as EVP of the Iconix Brand Group.

July 11, 2013

Japanese apparel retailer Uniqlo, a division of Fast Company, is expanding its U.S. footprint with the opening of 10 stores this fall in New York, New Jersey, Connecticut and California.

NEW YORK — Japanese apparel retailer Uniqlo, a division of Fast Company, is expanding its U.S. footprint with the opening of 10 stores this fall in New York, New Jersey, Connecticut and California.

The new locations, all in shopping centers, will bring the brand’s presence in the United States to a total of 17 sites.

June 21, 2013

Pepperidge Farm is looking to drive sales of its Puff Pastry product by bringing in culinary expert and Top Chef judge Gail Simmons. Simmons developed a collection of exclusive recipes that feature the company’s Puff Pastry as a key ingredient.

Norwalk, Conn. — Pepperidge Farm is looking to drive sales of its Puff Pastry product by bringing in culinary expert and Top Chef judge Gail Simmons. Simmons developed a collection of exclusive recipes that feature the company’s Puff Pastry as a key ingredient. 

In addition to being a judge of Bravo’s Emmy-winning show, Simmons is also the special projects director at Food & Wine magazine. 

June 19, 2013

Walgreens and Chicago-based solar developer SoCore Energy plan to build more than 200 new solar installations at Walgreens stores throughout California, Connecticut, Delaware, Massachusetts, New Jersey and New York.

DEERFIELD, Ill. — Walgreens and Chicago-based solar developer SoCore Energy plan to build more than 200 new solar installations at Walgreens stores throughout California, Connecticut, Delaware, Massachusetts, New Jersey and New York.

This latest expansion will bring the number of completed solar installations at Walgreens stores to more than 350, making the company the leading retailer in number of solar powered stores.

June 17, 2013

STAMFORD, Conn. — With the housing market rebounding and home improvement on the upswing, GE Capital Retail Bank is looking to help contractors with a new business-building program called “Think Outside the Toolbox.”

May 13, 2013

TCC, a global leader in retail marketing programs, has appointed former PepsiCo executive Van B. Sapp as president of TCC Americas. In his new role, Sapp will be responsible for TCC's operations in North and South America.

WESTPORT, Conn. — TCC, a global leader in retail marketing programs, has appointed former PepsiCo executive Van B. Sapp as president of TCC Americas. In his new role, Sapp will be responsible for TCC's operations in North and South America, adding capabilities with licensed properties and integrating digital components to current customer initiatives.  

May 3, 2013

Unger Global has appointed William D. Ecker as its new CEO. Before joining Unger, Ecker was president and CEO of Hartz Mountain Corporation, the leading manufacturer and marketer of pet care products in the United States and Canada.

BRIDGEPORT, Conn. — Unger Global has appointed William D. Ecker as its new CEO.

May 1, 2013

Brynwood Partners’ portfolio company, Pearson Candy Company, has acquired the Bit-O-Honey confectionery brand from Nestle. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestle. Terms and conditions of the transaction were not disclosed.

GREENWICH, Conn. — Brynwood Partners’ portfolio company, Pearson Candy Company, has acquired the Bit-O-Honey confectionery brand from Nestle. The acquisition marks the fifth brand Brynwood Partners has acquired from Nestle. Terms and conditions of the transaction were not disclosed.

The Bit-O-Honey national brand has been around for more than 90 years and is available in a variety of formats, which are widely distributed in the U.S. through leading retailers in the food, drug, mass and dollar channels.

April 25, 2013

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.

New Britain, Conn.-based Stanley Black & Decker saw revenues grow, largely as the result of acquisitions.
 
The company reported first-quarter revenues of $2.49 billion, an increase of 3% over the prior-year period. Volume and currency each declined approximately 1%, while acquisitions added 4% to that total. 
 
Net earnings declined to $81.1 million for the quarter, compared with $121.8 million in the same quarter last year. 
 

March 28, 2013

Pepperidge Farm has launched a new website that will enable customers to create personalized packages of its Goldfish brand crackers.

NORWALK, Conn. — Pepperidge Farm has launched a new website that will enable customers to create personalized packages of its Goldfish brand crackers.

The site offers users an array of fun options to personalize Goldfish packages. Users can add their own photos and custom messages, and even pick their favorite Goldfish cracker colors to create special combinations.

February 13, 2013

GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with JCPenney.

STAMFORD, Conn. -- GE Capital Retail Bank, a consumer lending unit of General Electric Company (GE), has renewed its private label credit card program with JCPenney.

The JCP consumer card program provides credit to millions of consumers who shop at more than 1,100 JCPenney stores in communities across the United States and Puerto Rico, as well as online at JCP.com. 

January 31, 2013

The National Retail Federation is hoping to dispel fears that merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.

WASHINGTON — The National Retail Federation is hoping to dispel fears that merchants are expected to surcharge customers for using a credit card as theoretically allowed under a controversial proposed lawsuit settlement with Visa and MasterCard being debated in the courts.

January 25, 2013

Walmart continues to take heat for selling guns, and families in Newtown, Conn., are still grieving. Who wants to go see Warner Brothers’ new film “Bullet to the Head” starring Sylvester Stallone?

January 10, 2013

UL has more than doubled its product testing capability by relocating to a new 48,000-sq.-ft. facility in Enfield, CT.

UL has more than doubled its product testing capability by relocating to a new 48,000-sq.-ft. facility in Enfield, CT.

The company, whose ubiquitous UL trademark appears on all manner of products, said the relocation will enable it to more efficiently meet the growing demand for the company’s analytical, physical, performance and compliance testing of consumer products for retailers and manufacturers doing business in the U.S.  

December 20, 2012

Nestle Waters North America have signed a five-year contract making it the exclusive water supplier for Dunkin' Donuts and Baskin-Robbins restaurants nationwide.

CANTON, Mass. and STAMFORD, Conn. — Nestle Waters North America has signed a five-year contract making it the exclusive water supplier for Dunkin' Donuts and Baskin-Robbins restaurants nationwide.

December 13, 2012

STAMFORD, Conn. — Pitney Bowes has landed a six-year contract with the U.S. Postal Service.

In accordance with the contract, valued at up to $32 million for meters and meter supplies, Pitney Bowes will provide USPS with support and maintenance of its network of postal meters. USPS will be able to nationally standardize its meter needs using a single leading edge design. The contract also includes the provision of systems and support to meet the U.S. Joint Military Postal Command’s needs nationally and internationally.

December 4, 2012

Pitney Bowes has appointed Marc B. Lautenbach as its new president and CEO, effective immediately.

STAMFORD, Conn. — Pitney Bowes has appointed Marc B. Lautenbach as its new president and CEO, effective immediately. Lautenbach succeeds Murray D. Martin, who is retiring as the company’s chairman, president and CEO and has resigned from the company’s board of directors.

Martin will continue to work with Lautenbach, who has nearly 30 years of experience in the technology and business services industry in senior leadership positions at IBM, on an effective transition.

November 8, 2012

The Stop & Shop Supermarket Company LLC and its parent company Ahold USA have donated $2.5 million to the American Red Cross to support Hurricane Sandy cleanup and recovery efforts.

PURCHASE, N.Y. — The Stop & Shop Supermarket Company LLC and its parent company Ahold USA have donated $2.5 million to the American Red Cross to support Hurricane Sandy cleanup and recovery efforts. The money, which came from the companies and their charitable foundation, Our Family Foundation, will mainly go to the hardest hit areas in New Jersey, New York and Connecticut. Stop & Shop has also designated stores in New York and New Jersey as drop-off points for canned and packaged food.