News

Linens ’n Things Buy-Out Approved

BY CSA STAFF

Clifton, N.J., Linens ’n Things Inc. announced Monday that shareholders approved the offer to be acquired by investment group Apollo Management LP for $1.3 billion.

Pending the completion of the required debt financing, the transaction is expected to close in mid-February.

Linens ’n Things also announced Norman Axelrod, chairman and chief executive, will step down after 18 years with the retailer.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Supermarket Pulls Soup After Needle Found

BY CSA STAFF

Bethlehem, Pa., Supermarket chain Giant Food Stores removed a minestrone soup product from the shelves of its stores in four states on Monday after a Pennsylvania family found a sewing needle inside a can over the weekend.

The needle was discovered in the chain’s store in Wind Gap, Pa. It was the fourth report of needles or pins found in food purchased from area stores in the past two weeks.

A spokesman for Giant, owned by the Dutch food company Ahold Ltd., said personnel pulled cans with similar lot numbers from shelves of all stores as precaution. Giant is also increasing its undercover security until further notice.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Chico’s FAS Acquires Fitigues

BY CSA STAFF

Fort Myers, Fla., Chico’s FAS announced Monday that it has acquired 12 of 14 retail locations of the Arizona-based clothing retailer Fitigues for an undisclosed price. The stores will operate as a new branded division of Chico’s.

“By bringing Fitigues under the Chico’s umbrella, we can provide the necessary capital, back office operations assistance, and leverage needed to successfully expand this brand across America over the next several years,” said Scott A. Edmonds, Chico’s president and chief executive.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...