Former president of Bebe named executive VP Aeropostale brand
New York — Aeropostale announced that Emilia Fabricant will join the company as executive VP of the Aeropostale brand. She will be responsible for all aspects of design, merchandising and production for the brand.
On Aug. 17, Fabricant resigned as president of Bebe Stores, Prior to then, she served as president and chief merchandising officer of Charlotte Russe.
Report: Rona dealers critical of Lowe’s offer
New York — A group of Rona Inc.’s dealers on Wednesday released an open letter on Wednesday that criticized the proposed takeover of the Canadian home-improvement retailer and distributor by Lowe’s Cos., Reuters reported.
The letter, which was addressed to Lowe’s CEO Robert Niblock, was signed by merchants that operate 164 affiliate or franchise Rona stores.
"We want to reinforce your view that it may not be a good idea for you to buy Rona, after you appeared to state your doubts about the deal on Monday, while you were announcing your financial results," the letter stated.
On Monday, the Lowe’s chief executive said a deal was "not imminent."
The take-over proposal has developed into an election issue in Quebec, the home province of Rona, with both the governing Liberal party and challenger Parti Quebecois criticizing the offer and promising new rules to crack down on foreign takeovers, Reuters reported.
Report: Dutch apparel brand Scotch & Soda to open eight U.S. stores by yearend
New York — Dutch brand apparel brand Scotch & Soda plans to open eight additional stores in the United States by the end of the year, Women’s Wear Daily reported. The company was acquired by Sun Capital Partners Inc. in 2011.
Stores are planed for New York, Los Angeles, Las Vegas, Boston and San Francisco, according to the report. Unlike the existing Scotch & Soda locations in Miami and New York, the new units will be company-owned.