Report: Food prices in biggest jump since 1974
New York City — The Labor Department’s Producer Price Index rose last month, primarily due to higher energy costs and the biggest rise in food prices in 36 years, USA Today reported.
Food prices rose 3.9% last month, the highest increase since November 1974.
The steep rise was due, in large part, to higher vegetable costs, which were up nearly 50%.
Woman behind Dora licensing named to industry Hall of Fame
NEW YORK – Leigh Anne Brodsky, president Nickelodeon Consumer Products has been selected for induction into the International Licensing Industry Merchandisers’ Association (LIMA) Licensing Industry Hall of Fame. Brodsky joins a select list of only 36 inductees—including Charles Schulz and Jim Davis, both of whom she worked with earlier in her career—since LIMA began recognizing these giants in 1985.
The induction ceremony will take place on June 14 at the annual LIMA Opening Night Awards Ceremony at Licensing International Expo 2011, which will be held at the Mandalay Bay Convention Center in Las Vegas.
Brodsky is the woman behind one of the biggest licensing properties — Dora the Explorer. In 2010, Dora celebrated its 10th anniversary and remains one of the top preschool shows on television.In 2003, Brodsky was named entertainment marketer of the year by Advertising Age.
“Leigh Anne Brodsky represents the best of our industry with her passion for bringing people of all ages together through characters and products that entertain, enlighten, and become part of our shared cultural experience,” said Charles Riotto, president of LIMA. “Her dedication and commitment to our industry and her service to our organization is exemplary and she has tirelessly led our charitable efforts. For all of her accomplishments, we are proud to honor Leigh Anne by inducting her into the Licensing Industry Hall of Fame.”
Golden Gate to sell majority stake in J.Jill to Arcapita Bank
New York City — Private equity firm Golden Gate Capital Corp. agreed to sell a majority stake in J. Jill to Arcapita Bank BSC, a Bahrain-based investment bank, less than two years after buying the company. Terms of the agreement were not disclosed.
Golden Gate will remain a minority shareholder in the company. J. Jill President and CEO Paula Bennett will continue to lead the chain.
Golden Gate bought J. Jill in June 2009 from The Talbots for about $75 million.