REAL ESTATE

Online high-end candy retailer Sugarfina makes brick-and-mortar debut

BY Marianne Wilson

Los Angeles — Online high-end candy retailer Sugarfina has opened its first-ever store, a 1,400-sq.-ft. boutique in Los Angeles. The brand is known for its signature turquoise Bento Boxes, a luxurious candy gift box, and such “cocktail” candies as Champagne Gummy Bears, Cuba Libre (spiced rum and coke gummies) and Peach Bellini Gummies.

“We created Sugarfina because the candy store of our dreams didn’t exist,” said founders Rosie O’Neill, former director of marketing for Barbie, and Josh Resnick, former video game entrepreneur. “We dreamed of gourmet sweets made with premium ingredients — candy that’s as beautiful to look at as it is to taste.”

Sugarfina is designed as a “candy heaven” for adults. A large glass skylight greets customers upon entry and airy “bubble” chandeliers appear to hang like clouds in the sky. Hundreds of colorful candies line the walls on thin floating shelves, so that the candy appears to be floating. The space includes a candy tasting bar with a selection of 60 candies on regular rotation. (According to the company, 40% of Sugarfina candies are not available anywhere else in the United States.)

Other notable features include:

  • Candy Concierge: A concierge room that provides a showroom for Sugarfina custom, corporate and private event services.
  • Top Shelf: One area of the store is dedicated to "top shelf" candies — exotic offerings from around the world at a slightly higher price point. Each candy has its story featured alongside it in a display.
  • “Taste of Beverly Hills”: An entire section is dedicated to Beverly Hills products, including a “Taste of Beverly Hills” Bento Box with candies like Chocolate Mint Caviar, Bling Rings, Champagne Bears, etc.
  • Build Your Own Bento Wall: Customers can pick up an empty eight-piece Bento Box or a three-piece Bento Box and build their own gift box from the wall of candy cubes.
  • In-Store Sampling: Candy consultants walk around the store sampling candy from a special Bento Box tasting platter.
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OPERATIONS

Antonio Urcelay named chairman of Toys ‘R’ Us

BY Staff Writer

Wayne, N.Y. — Toys “R” Us CEO Antonio Urcelay has replaced Gerald Storch as chairman of the company. Urcelay, appointed interim CEO at Toys “R” Us in May 2013, was officially named chief executive in October.

Storch, who had previously served as CEO, is stepping down as chairman to dedicate more time to his consulting company, Storch Advisors, Toys “R” Us said in a filing with the Securities and Exchange Commission.

It also noted in the filing that Storch’s resignation from the chairmanship was not due to any disagreement with the company.

In conjunction with his departure, Toys “R” Us named Richard Markee to the board. He has served as executive chairman of Vitamin Shoppe since April 2011 and from 2009 to 2011 he served as CEO.

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News

Urcelay named chairman at Toys “R” Us

BY CSA STAFF

Antonio Urcelay has replaced Gerald Storch as chairman of Toys “R” Us and the retailer also named Richard Markee to its board.

Urcelay had served as interim CEO at Toys “R” Us since May 2013 and was officially named CEO in October. Storch, who had previously served as CEO, is stepping down as chairman to dedicate more time to his consulting company, Storch Advisors, Toys “R” Us said in a filing with the Securities and Exchange Commission. It also noted in the filing that Storch’s resignation from the chairmanship was not due to any disagreement with the company.

In conjunction with his departure, Toys “R” Us named Richard Markee to the board. He has served as executive chairman of Vitamin Shoppe since April 2011 and from 2009 to 2011 he served as CEO. Prior to Vitamin Shoppe, Markee was an operating partner of Irving Place Capital Management, L.P., a private equity firm focused on making equity investments in middle-market companies, from November 2008 to September 2009. From 2006 to 2008, Markee was an operating partner of Bear Stearns Merchant Banking, the predecessor to Irving Place Capital Management, L.P.

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