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Shops at Wiregrass hosts “Battle of the Bands” to raise money to fight blood cancer

BY CSA STAFF

The Shops at Wiregrass, in Wesley Chapel, Fla., partnered with the Leukemia & Lymphoma Society to host a Battle of the Bands event in an effort to raise money to fight blood cancer.

Held Saturday, Feb. 19, the event featured four stages of live music and performances by 24 local bands. Two more fundraising events are planned — a parade celebration on March 12 and a golf tournament on April 1.

The Shops at Wiregrass, a Forest City Enterprises property, is a pedestrian lifestyle village featuring shopping, dining and entertainment options.

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FINANCE

Luxottica Q4 profit up 88%

BY CSA STAFF

New York City — Luxottica Group SpA said Monday its fourth-quarter net profit rose 88%. The Milan, Italy-based parent of the Sunglass Hut and Lens Crafters chains predicted a strong 2011 as consumers return to high-end brands.

The company said its net profit increased to €55.1 million ($75.8 million) in the final three months of 2010.

Luxottica will continue to expand its Sunglass Hut division in 2011, and expects to add 270 Sunglass Hut locations globally.

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Macy’s sells back stake in The Knot

BY CSA STAFF

New York City — The Knot, a media company that targets brides-to-be and pregnant women, said Monday that Macy’s has sold back its 10.7% stake in The Knot for $37.7 million.

The Knot did not give a reason for the repurchase and said it is part of a previously announced $50 million buyback plan.

The sale doesn’t affect the companies’ advertising and wedding registry agreements: The Knot will continue to direct wedding-minded readers to Macy’s and Bloomingdale’s registries, and Macy’s will keep advertising in The Knot’s media properties.

Peter Sachse, Macy’s chief marketing officer and head of its website, will remain on The Knot’s board.

The Knot runs nearly 20 websites, including the theknot.com, and it publishes magazines and books about wedding planning. It also has created television specials for the Style Network.

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