OPERATIONS

Charming Shoppes’ real estate head joins A&G Realty

BY Katherine Boccaccio

Melville, N.Y. — A&G Realty Partners announced Monday that former executive VP of real estate for Charming Shoppes, Jonathon Graub, has joined the firm as principal.

Graub will leverage his background to advise clients on strategic growth opportunities and to assist with their real estate operations.

For Charming Shoppes, Graub led the growth charge from 1,000 to 2,300 stores. He was responsible for all facets of real estate including developing and executing growth strategies, new store expansion, site selection, relocating sites, negotiating leases, managing construction, store design, eliminating underperforming locations, lowering occupancy costs and driving large acquisitions. In this role, he led the strategic acquisitions of Modern Woman, Catherines and Lane Bryant.

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OPERATIONS

Cache names marketing chief

BY Katherine Boccaccio

New York — Cache said Monday that it has appointed Arnold Cohen as executive VP/chief marketing officer for the women’s apparel chain.

Cohen’s background includes eight years with American Eagle Outfitters, where he was involved in creating the first mobile concept, the early iteration of Martin and Osa, and the back-on-campus initiative that rolled out to 50 colleges.

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OPERATIONS

Supervalu adds to board

BY Staff Writer

Minneapolis — Supervalu has elected Rite Aid chairman, president and CEO John Standley and Cerberus COO and general counsel Mark A. Neporent to its board of directors.


Standley has spent the past 20 years in executive leadership roles in the grocery and pharmacy retail business. He became Rite Aid Corporation’s president and COO in September 2008, was appointed to the Rite Aid board of directors in 2009 and was named CEO in June 2010. He was elected chairman of Rite Aid’s board of directors in June 2012.

Neporent is a designee of Symphony Investors, a Cerberus affiliate. He has served as COO and general counsel of Cerberus since 1998. Cerberus, one of the world’s leading private investment firms, has more than $20 billion under management.

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