Read All About It: Behind the Restatements
New York City, Dozens of retailers are taking a hard look at their accounting of leases. In the article, “Wanted: A Recipe for Effective Lease Management,” Accruent CEO Mark Friedman shares his insights and useful concepts that retailers should consider when looking for better ways to manage their lease portfolios.
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FTC Reportedly to Block Blockbuster Bid for Hollywood
Washington, D.C., The U.S. Federal Trade Commission’s (FTC) competition bureau plans to recommend that the agency block a hostile bid by Blockbuster to buy Hollywood Entertainment, according to published reports.
The FTC bureau is expected to make a formal recommendation to the agency’s five commissioners within the next several days on the Blockbuster bid for Hollywood. The FTC has agreed to make a decision by March 21 on whether it will oppose the combination of the two companies.
Neiman Marcus Considers Sale of Company
Dallas, The Neiman Marcus Group, Inc. today said it is considering selling the company as a strategic alternative to enhance shareholder value. The company added that it would not disclose details about its exploration of this or other strategic alternatives until the board has approved a transaction. The Group, which includes specialty retailers Neiman Marcus and Bergdorf Goodman, is retaining Goldman Sachs & Co. as the financial advisor in this endeavor.