Report: Liz Claiborne in talks to sell Mexx
New York — Liz Claiborne Inc. is looking to sell its Mexx apparel brand to a private-equity firm, according to Bloomberg. Leonard Green & Partners, Sun Capital and Golden Gate Capital are among the firms that have shown an interested in Mexx, the report said.
Final bids are due within a few weeks with a sale expected to be completed in September, Bloomberg said.
President of Build-A-Bear Workshop to retire
New York — John Haugh announced that he plans to retire as president of Build-A-Bear Workshop Inc., effective July 22, according to a company filing with the Securities and Exchange Commission.
A successor has not yet been named.
Gordon Brothers names new CEO
Boston –Gordon Brothers Group announced that Gary M. Talarico joined the firm as president and CEO reporting to the Board of Directors. Michael Frieze will assume the role of chairman, board of directors.
Prior to joining Gordon Brothers Group, Talarico he was managing partner of Cora Street Partners, an advisory boutique. From 2004 to 2009, he was a managing director of Sun Capital Partners.
"We look forward to having Gary join our leadership team. His invaluable experience as an investment banker coupled with his international expertise and overall business acumen will enable him to take over the daily management, growth and integration of our various divisions and affiliates,” stated Michael Frieze. “In particular, Gary has an impressive record of successfully building businesses, including the recruitment and retention of top talent, which will help us strengthen our current business portfolio and expand into new areas that complement our businesses and provide additional services to our clients and transaction partners.”