FINANCE

Bag’n Baggage Sold

BY CSA STAFF

Dallas Luxury travel retailer Bag’n Baggage announced Wednesday that it has been acquired by Gart Capital Partners and Colorado Baggage. Clear Thinking Group, Hillsborough, N.J., served as advisor to Bag’n Baggage during the selling process.

Bag’n Baggage’s 34 stores in 12 states and Colorado Baggage’s 10 locations in Colorado, will be merged into a new company, Colorado Bag’n Baggage, based in Denver. It will be led by Colorado Baggage’s management team, including president and CEO Peter Paradise and COO Tom Nelson.

“The combination of Colorado Baggage with Bag’n Baggage appears to be a natural strategic fit,” said Adam Cook, managing director of Clear Thinking Group. “By leveraging the specialty retail, finance and real estate background of Gart Capital Partners and the luggage retailing expertise of Colorado Baggage, this new entity should have a bright future.” 

Clear Thinking Group was retained by Bag’n Baggage in April to assist on the sale of the company just before the chain filed for Chapter 11 bankruptcy protection.

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Walgreens to acquire Express Scripts

BY CSA STAFF

DEERFIELD, Ill. Walgreens announced that through its subsidiary OptionCare Enterprises it will acquire Express Scripts, a Louisville, Ky.-based home infusion pharmacy division. Terms of the agreement were not disclosed. The parties expect the transaction to close within 30 days.

This acquisition further expands our national coverage in home infusion services, said Paul Mastrapa, president of Walgreens-OptionCare. CuraScript IP is highly regarded in the industry for its clinical expertise and commitment to exceptional patient care. We welcome this addition to our infusion pharmacy network and look forward to reaching even more patients with this combined high level of personalized therapy and support.

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RadioShack hold DTV info sessions

BY CSA STAFF

FORT WORTH, Texas RadioShack is partnering with the American Library Association to help educate the consumers nationwide about the Digital Television (DTV) Transition set to begin in all 50 states and Puerto Rico on Feb. 17, 2009, and at noon, Sept. 8, in the test market of Wilmington, N.C.

Through this partnership, RadioShack’s 4,500 company stores and many of the 1,000-plus participating franchise stores will offer knowledgeable team members to 16,000 ALA public libraries to host educational sessions for library patrons. Included in these sessions will be information about why the digital television transition is occurring, the benefits digital television offers television viewers, what people need to do in order to continue receiving over-the-air television broadcasts after the conversion occurs, and how to apply for up to two $40 government coupons per household to help reduce the costs of obtaining a digital converter box. RadioShack’s education outreach will also include demonstrations on how to successfully set up a digital converter box to an analog television set.

“We’re excited to be partnering with the American Library Association in the ongoing effort to help educate everyone about this milestone event in television broadcasting history,” said Peter Whitsett, RadioShack’s evp, general merchandising manager. “Consumer education is the number-one key to ensuring a smooth digital transition. While we have focused on store training and advertising to communicate the digital transition to our customers, we want to take advantage of every opportunity to extend our reputation as the trusted neighborhood electronics advisor into the community as a whole. I can think of no better way to do this than by having our knowledgeable team members meet fact-to-face with library patrons to explain the transition and answer questions.”

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