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Deb Shops Sale a Done Deal

BY CSA STAFF

Philadelphia, Deb Shops Inc. is now a privately held company, according to Philadelphia Business Journal.

An affiliate of Lee Equity Partners LLC paid $395 million for Deb Shops, which owns 347 stores in 43 states trading under the names Deb and Tops N’ Bottoms.

Allen Questrom, senior adviser at New York City-based Lee Equity, will serve as non-executive chairman. Marvin Rounick, previously president and CEO, and Warren Weiner, previously executive VP, will provide consulting services for up to three years.

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Yahoo! chief to speak at CES

BY CSA STAFF

LAS VEGAS Yahoo! ceo Jerry Yang has been added to the list of high profile speakers who’ll appear at the 2008 Consumer Electronics Show (CES) scheduled for Jan. 7 to 10 in Las Vegas.

Yang will kick off the Industry Insider Series with an address on Jan. 7 at 11 a.m. at the Las Vegas Hilton Theater. Yang co-created the Yahoo! Internet navigational guide in 1994 and co-founded the company in 1995.

“Jerry Yang co-founded and leads one of the most influential and ground-breaking Internet navigational sites in history, making information instantaneously accessible for consumers across the globe,” said CES president Gary Shapiro. “We look forward to hearing Yang’s views on the evolution of Internet technology and its impact on consumer technology products.”

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Tesco launches fashion networking site

BY CSA STAFF

LONDON Tesco has jumped on the social networking bandwagon with the launch of “fashionfile,” an online community that enables fashionistas to customize, store and share fashion tips with others.

According to reports, the actual social networking aspect of the program will be available in late November, when users will be able to share tips with friends via the site. Until then, users can upload pictures and information to their personal fashionfile page, which they can view on demand.

In order to promote its new fashion initiative, Tesco is offering vouchers to be used in stores to those who sign up for the program and recommend it to their friends.

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