FINANCE

Arden Group to consider putting itself up for sale

BY Katherine Boccaccio

Los Angeles — Arden Group, owner of the 16-unit Gelson’s Market grocery chain, said that the company is exploring its strategic options and has hired financial adviser Moelis & Co. to help with the review process.

The options may include a possible sale of the company.

No timeline for any potential transactions has been outlined.

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REAL ESTATE

West Elm makes Missouri debut in St. Louis

BY Katherine Boccaccio

Brooklyn, N.Y. — West Elm is opening its first location in Missouri – at the St. Louis Galleria.

The 8,385-sq.-ft. store, slated to open in July, will incorporate works by local artists as part of its plan to support St. Louis talent.

“Our customers are as passionate about supporting artists in their local communities as we are at West Elm,” said Jim Brett, president of West Elm. “We are proud to be incorporating some of St. Louis’ most talented artists into the assortment for our new store.”

Like its other stores, the St. Louis store will feature the West Elm Design Lab, which allows customers to develop their own personal style through mood boards, make a floor plan, style their space, or tap into local recommended designs.

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OPERATIONS

Zimmer absent from latest Mens Wearhouse ad

BY Katherine Boccaccio

Houston — Mens Wearhouse estranged founder George Zimmer is noticeably absent from the chain’s latest commercial, which launched in print and broadcast on July 8.

According to a Reuters report, the new ad focuses on the company’s National Suit Drive, an annual charity event that donated suits to unemployed men who are looking to get back in the workforce. Zimmer and his signature phrase — "You’re going to like the way you look. I guarantee it," — are nowhere to be found.

Zimmer, 64, was ousted in June as executive chairman after he engaged in a dispute with the board over the company’s structure and strategies.

Neither Zimmer nor Men’s Wearhouse has commented on the new marketing direction.

Men’s Wearhouse has the option to bring Zimmer back as a spokesman for the brand; the company has a licensing agreement with Zimmer who will receive $250,000 for each of the next four years, should they use his image in its advertising.

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