OPERATIONS

Famous Brands names Courtney CEO

BY Dan Berthiaume

Broomfield, Colo. – Famous Brands International, parent company of TCBY Yogurt and Mrs. Fields Cookies, has appointed Neal Courtney as CEO. Neal had been serving as the company’s interim CEO since February and served as COO since May 2012.

"Since taking over as Interim CEO, Neal has continued to be instrumental in creating a strong and stable foundation to support Famous Brands’ growth and success," said James J. Zenni, chairman of Famous Brands International. "We are confident that Neal is the right person to help lead Famous Brands into the future and capitalize on the tremendous opportunities that the company has across all of its channels. We are extremely pleased to have someone with Neal’s caliber, experience and dedication leading the continued evolution of Famous Brands into one of the most successful and well recognized brands in the industry."

"I am honored to be selected as the leader of the Famous Brands organization," said Courtney. "We have made great strides during my time here and we have many exciting opportunities for achievement and avenues to continue growing our business. I am looking forward to working with the rest of the talented management team at Famous Brands to continue building on our momentum to expand our brands around the world."

Courtney has worked for Famous Brands since 2005 and held roles in finance, sales, and general management. Prior to joining the company, Courtney held various senior positions in finance and strategy at Frito-Lay and Kmart Corporation.

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REAL ESTATE

Polarn O. Pyret opens first store in Boston metro area

BY Michael Fickes

Chestnut Hill, Mass. — Swedish children’s wear brand Polarn O. Pyret USA has opened its first Boston-area store at THE STREET in Chestnut Hill, according to WS Development, the center’s developer and owner. This is the fifth Polarn O. Pyret (pronounced POH-lahrn oh PEE-rhet and nicknames PO.P) in the U.S. and the fourth on the east coast.

PO.P designs children’s clothing to be handed down from child to child. The retailer designs its stores with mirrors, tunnels and display tables that double as play equipment. Parents relax on ottomans while the kids play in the tunnels. The fitting room in the back of the store will accommodate a stroller.

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REAL ESTATE

Bayer to lease and manage Southlake Mall

BY Michael Fickes

Birmingham, Ala. — Bayer Properties will lease and manage Southlake Mall in Morrow, Ga. Macy’s and Sears anchor the 1 million-sq.-ft. enclosed regional mall. Enclosed malls now represent 30% of Bayer’s operating portfolio.

Bayer has also announced the following new leases:

  • Pure Barre and Ripple Effect Martial Arts will open in August at Front Range Village in Fort Collins, Colo.
  • Try Sports will open in December at Mount Pleasant Town Centre in Mount Pleasant, S.C.
  • Dress Up Boutique opened in May and American Threads will open in July at The Shoppes at Webb Gin in Snellville, Ga.
  • Fan Outfitters opened in June at Quail Springs Marketplace in Oklahoma City.
  • Maurices opened in July in Pinnacle at Turkey Creek in Knoxville, Tenn. Chipotle and Kinnucan’s will open in September.
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