Jones Apparel Group Invests in GRI Group
New York City Jones Apparel Group Inc. on Monday said it acquired a minority stake in GRI Group Ltd., an accessories and apparel brand-management and retail-distribution company.
Financial terms were not disclosed.
GRI is the exclusive licensee of several of Jones brands in Asia, including Nine West, Anne Klein New York, Easy Spirit and others.
Jones said the move allows it to expand its retail footprint in Asia.
Court rules in retailers’ favor in gift card suit
WASHINGTON According to a Reuters report, a court ruled in favor of Best Buy, Circuit City and other retailers over a lawsuit involving gift cards.
The U.S. District Court for the Western District of Texas ruled that the retailers had not infringed on Realsource’s patent for its method of putting value on gift cards. The U.S. Court of Appeals for the Federal Circuit agreed.
Dollar General names new board members
CHESAPEAKE, Va. Dollar Tree’s shareholders have re-elected Macon Brock, Jr., Mary Anne Citrino, Richard Lesser, and Thomas Whiddon, to serve on the board of directors.
In addition, the shareholders elected Arnold Barron, Carl Zeithaml, and Lemuel Lewis, who had been previously appointed by the board, to serve on the board of directors.