FINANCE

Caribou Coffee Co. acquired by private investment firm

BY Marianne Wilson

Minneapolis — Investment firm Joh. A. Benckiser Group agreed to acquire Caribou Coffee Co. for approximately $340 million.

Caribou will continue to be based in Minneapolis and operate under its own brand and management, the companies said in a statement. As of September 30, 2012, the company had 610 coffeehouses, including 202 franchised locations, in 22 states, the District of Columbia and 10 international markets.

“We anticipate the next chapter in Caribou’s journey will be filled with tremendous opportunities to grow this great brand, with new ownership,” said Michael Tattersfield, president and CEO of Caribou.

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FINANCE

Vitamin Shoppe to acquire Super Supplements

BY Marianne Wilson

North Bergen, N.J. — The Vitamin Shoppe announced that it has entered into a definitive agreement to purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements for approximately $50 million.

Super Supplements, headquartered in Seattle, operates 31 stores in Washington, Oregon, and Idaho. The acquisition expands the Vitamin Shoppe’s presence in the Pacific Northwest where it currently operates 17 stores.

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P.Rogers says:
Mar-19-2013 05:38 am

I wonder how this acquisition
I wonder how this acquisition will impact on consumers in some of the remote markets served by the retailers. - Michael Courouleau

P.Rogers says:
Mar-19-2013 05:38 am

I wonder how this acquisition will impact on consumers in some of the remote markets served by the retailers. - Michael Courouleau

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REAL ESTATE

Two new Nordstrom Racks in the works

BY Marianne Wilson

Seattle — Nordstrom announced that it plans to open a Nordstrom Rack in downtown Washington, D.C., at the 1800 L Street, NW building. The approximately 35,000-sq.-ft. store is scheduled to open in spring 2013.

The retailer also plans to open a Nordstrom Rack at Columbia Crossing in Columbia, Md., a shopping center that is owned and operated by Kimco Realty Corp. The approximately 40,750-sq.-ft. store is expected to open in spring 2013.

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