REAL ESTATE

New Sam’s Clubs in Warwick, R.I., and Mooresville, N.C.

BY Michael Fickes

New York — Sam’s Club will open two new clubs on Thursday, January 23, one in Warwick, R.I., and another in Mooresville, N.C.

The 136,000-sq.-ft. Warwick club has created 140 new jobs. Also 136,000 sq. ft., the Mooresville club has created 160 new jobs.

Both clubs will feature a variety of members-only amenities, including a fresh bakery, a tire and battery center, a café and a fuel station.

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FINANCE

Report: Office Depot de Mexico to raise up to $374 million in IPO

BY Staff Writer

New York — Mexico’s Grupo Gigante expects to raise up to 4.954 billion pesos ($374.14 million) in its initial public offering of Office Depot de Mexico shares, Reuters reported.

The company plans to sell up to 291 million shares, local filings revealed.

The listing is provisionally set to price on Feb. 5, the report said.

In June, Grupo Gigante, acquired the 50% stake in the office supplies chain that it did not already own.

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FINANCE

Brookshire Brothers to acquire David’s Supermarkets

BY Staff Writer

New York — Brookshire Brothers, based in Lufkin, Texas, has entered into an agreement to David’s Supermarkets, a 25-store chain based in North Central Texas. Terms were not disclosed.

"We feel like these family-owned stores align with our core value that we are a celebration of family and community," stated Jerry Johnson, president and CEO of Brookshire Brothers.

Brookshire Brothers operates 123 outlets including grocery stores, convenience stores, free standing pharmacy, tobacco and petro locations.

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