Content about Financial economics

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.

March 7, 2014

Big Lots has elevated CFO Timothy A. Johnson’s to EVP, CFO. Johnson has served as financial chief since 2012 with primary responsibility for all financial disciplines within the company including financial reporting and controls, treasury, risk management, tax, internal audit, financial planning and analysis and investor relations.

Big Lots has elevated CFO Timothy A. Johnson’s to EVP, CFO. Johnson has served as financial chief since 2012 with primary responsibility for all financial disciplines within the company including financial reporting and controls, treasury, risk management, tax, internal audit, financial planning and analysis and investor relations.

March 7, 2014

Coupons.com has gone public. The digital promotional platform has priced its initial public offering of 10,500,000 shares of common stock at $16 per share, which is above the reported expected range of $12 to $14.

Coupons.com has gone public. The digital promotional platform has priced its initial public offering of 10,500,000 shares of common stock at $16 per share, which is above the reported expected range of $12 to $14.

Coupons.com has also granted the underwriters an option to purchase up to an additional 1,575,000 shares. Shares are expected to begin trading on the New York Stock Exchange today under ticker symbol "COUP."

Goldman, Sachs & Co., Allen & Company LLC, BofA Merrill Lynch and RBC Capital Markets LLC are acting as bookrunners.

February 7, 2014

Coupons.com has appointed Lance M. Meyerowich as the company’s VP of investor relations. Meyerowich, who has two decades of experience on Wall Street, will report to CFO and chief operating officer Mir Aamir.

Coupons.com has appointed Lance M. Meyerowich as the company’s VP of investor relations. Meyerowich, who has two decades of experience on Wall Street, will report to CFO and chief operating officer Mir Aamir.

“Lance is extremely well known and respected in the financial community,” said Aamir. “I’m thrilled that he’s joining our growing team.”

February 5, 2014

Cabela’s has appointed Donna M. Milrod to its board of directors.

Cabela’s has appointed Donna M. Milrod to its board of directors.

“Donna is a proven leader and brings a wealth of regulatory, finance, and capital markets experience,” said CEO Tommy Millner. “The board and Cabela’s will greatly benefit from Donna’s insights and knowledge.”

January 22, 2014

Target is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1.

Target is the latest major retailer to announce it will stop offering health insurance to its part-time employees. In a company blog post on Jan. 21, Target said it will no longer provide health insurance coverage to part time workers after April 1.

January 16, 2014

Marketers sent a record volume of email during the holidays and although overall open rates declined, the record level of email marketing activity produced transactions and sales growth, according to Experian Marketing Services.

Marketers sent a record volume of email during the holidays and although overall open rates declined, the record level of email marketing activity produced transactions and sales growth, according to Experian Marketing Services.

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.

January 2, 2014

Bicycle supplier Huffy Corporation is turning to Experian Data Quality, a part of Experian Marketing Services and a leading provider of contact data management software and services, to ensure accurate and timely package deliveries and improve service levels to its customers.

Bicycle supplier Huffy Corporation is turning to Experian Data Quality, a part of Experian Marketing Services and a leading provider of contact data management software and services, to ensure accurate and timely package deliveries and improve service levels to its customers.

December 30, 2013

A search is underway for a new CEO at Crocs following an investment by private equity firm Blackstone and ongoing sales and profitability challenges which could see the funky footwear maker open fewer stores.

A search is underway for a new CEO at Crocs following an investment by private equity firm Blackstone and ongoing sales and profitability challenges which could see the funky footwear maker open fewer stores.

Crocs said John McCarvel planned to retire from his position as Croc’s president, CEO and board member around April 30, 2014 as the company rethinks its approach to growth with increased input from Blackstone representatives who will occupy two board seats.

December 20, 2013

The Jones Group has accepted a buyout offer of $15 per share in cash, or a total of approximately $1.2 billion, from private equity firm Sycamore Partners. Upon completion of the deal, Jones, whose brands include Nine West, Anne Klein and Easy Spirit, will become a privately held company.

The Jones Group has accepted a buyout offer of $15 per share in cash, or a total of approximately $1.2 billion, from private equity firm Sycamore Partners. Upon completion of the deal, Jones, whose brands include Nine West, Anne Klein and Easy Spirit, will become a privately held company.

December 16, 2013

Merchant Warehouse, a leading provider of payment technologies and merchant account services, has appointed Christopher Wuhrer as SVP, strategic initiatives and product marketing.

Merchant Warehouse, a leading provider of payment technologies and merchant account services, has appointed Christopher Wuhrer as SVP, strategic initiatives and product marketing.

With more than 18 years of experience in payments, e-commerce and mobile technology, Wuhrer will be responsible for driving the product vision, direction and go-to market strategies for the company's product and service offerings.

November 20, 2013

PetSmart has unanimously elected Elizabeth Nickels to fill a newly created vacancy on its board of directors. Nickels will join the 2013 class of directors, and will be eligible for re-election by the company’s stockholders at the 2014 annual meeting of stockholders.

PetSmart has unanimously elected Elizabeth Nickels to fill a newly created vacancy on its board of directors. Nickels will join the 2013 class of directors, and will be eligible for re-election by the company’s stockholders at the 2014 annual meeting of stockholders.

November 14, 2013

Dollar General has announced that Raj Agrawal and Adrian Jones have resigned their spots in the company’s board of directors, effective Dec. 5. Agrawal, a member of KKR & Co., and Jones, a managing director at Goldman, Sachs & Co., have served as directors of Dollar General since 2007.

Dollar General has announced that Raj Agrawal and Adrian Jones have resigned their spots in the company’s board of directors, effective Dec. 5. Agrawal, a member of KKR & Co., and Jones, a managing director at Goldman, Sachs & Co., have served as directors of Dollar General since 2007.

October 29, 2013

First Data Corporation, a leading global e-commerce and payment processing provider, has acquired Perka, a smart loyalty platform.

First Data Corporation, a leading global e-commerce and payment processing provider, has acquired Perka, a smart loyalty platform.

Perka became a First Data subsidiary on Oct. 4, and continues to operate autonomously as an innovative entrepreneurial company led by its current management and product development team. Financial terms of the deal were not disclosed.
 

October 21, 2013

Toys"R"Us has unveiled its 2013 holiday marketing plans, including a new television campaign that positions the store as the go-to destination for toys this holiday season.

Toys"R"Us has unveiled its 2013 holiday marketing plans, including a new television campaign that positions the store as the go-to destination for toys this holiday season.

The broadcast commercial, which began airing on Sunday, Oct. 20, features a group of children who think they're going on a field trip to "Meet the Trees" and end up at Toys"R"Us instead.

October 2, 2013

Shares of Burlington Stores surged more than 40% in their first day of trading as the company executed an initial public offering on Wednesday.

Shares of Burlington Stores surged more than 40% in their first day of trading as the company executed an initial public offering on Wednesday.

The retailer operates 503 stores primarily under the name Burlington Coat Factory and sold 13.3 million shares that were priced at $17, slightly above an earlier range of $14 to $16. The limited number of shares contributed to strong demand and at the open the stock price popped more than 40% and closed at $25.13.

Proceeds from the sale were estimated to total roughly $205 million which the company planned to use to repay debt.

September 30, 2013

Ending years of speculation, the Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

Ending years of speculation, the Container Store late Monday filed a registration statement with the Securities and Exchange Commission for an initial public stock offering.

The operator of 62 stores in 22 states with annual sales of $702 million contends the U.S. can support as many as 300 locations with international growth also a possibility. The company expects to open six stores during the current fiscal year and seven stores next year. The company’s stores average around 19,000-sq.-ft. and carry approximately 10,500 items grouped in 16 departments.

September 11, 2013

Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

EL SEGUNDO, Calif. — Private investment firm Yucaipa Cos., which was founded by billionaire Ron Burkle, plans to acquire Fresh & Easy Neighborhood Market from U.K.-based Tesco PLC.

Yucaipa's purchase is slated to be complete within three months. In the meantime, it is expected to be business as usual for most Fresh & Easy stores.

September 9, 2013

Neiman Marcus is closing in on a deal to be purchased by Ares Management and the Canada Pension Plan Investment Board for $6 billion, according to reports.

Neiman Marcus is closing in on a deal to be purchased by Ares Management and the Canada Pension Plan Investment Board for $6 billion, according to reports.

September 3, 2013

Global consumer products company Jarden Corp. agreed to acquire Yankee Candle for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.

Global consumer products company Jarden Corp. agreed to acquire Yankee Candle for $1.75 billion in cash from its private equity owner Madison Dearborn Partners.

Jarden offers more than 120 well known brands in three major categories – outdoor solutions, consumer solution and branded consumables – but Yankee Candle will instantly become one of, if not the most, recognizable brand in the lineup. Yankee Candle brand products are sold in roughly 35,000 retail locations in North America.

August 29, 2013

Regional department store chain Gordman’s gave shareholders a huge gift this week when the private equity controlled company’s board said it had borrowed $45 million to fund a $3.61 special dividend after reporting lackluster second quarter results.

Regional department store chain Gordmans gave shareholders a huge gift this week when the private equity controlled company’s board said it had borrowed $45 million to fund a $3.61 special dividend after reporting lackluster second quarter results.

August 15, 2013

As the turmoil with hedge fund manager Bill Ackman winds down at J.C. Penney, another of the company’s investors is making headlines. This time it’s George Soros, who according to regulatory filings, has added two million shares to his current 19.98 million in Penney holdings.

As the turmoil with hedge fund manager Bill Ackman winds down at J.C. Penney, another of the company’s investors is making headlines. This time it’s George Soros, who according to regulatory filings, has added two million shares to his current 19.98 million in Penney holdings.

This latest venture makes Soros Fund Management Penney’s second-largest investor — behind Ackman.

August 12, 2013

Campbell Soup Company announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to CVC Capital Partners, a leading global private equity firm.

CAMDEN, N.J. — Campbell Soup Company announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to CVC Capital Partners, a leading global private equity firm. 

August 9, 2013

Newell Rubbermaid has announced plans to sell its hardware business to Nova Capital, a firm that specializes in the acquisition of corporate and private equity portfolios, for $214 million.

Newell Rubbermaid has announced plans to sell its hardware business to Nova Capital, a firm that specializes in the acquisition of corporate and private equity portfolios, for $214 million.

Specifically, components of the sale include Newell's Amerock, Ashland, Drapery Hardware, Bulldog and Shur-Line brands. Sales for 2013 came in at $255 million so far, with gross proceeds resting at $214 million.