SunEdison and Staples reach solar energy milestone
Belmont, Calif. — SunEdison, a leading worldwide solar energy services provider and Staples announced a production milestone of more than 30 million kilowatt-hours of energy produced through solar installations on Staples’ properties.
Since the solar hosting program between SunEdison and Staples began in 2005, SunEdison has developed solar installations on 33 Staples sites in California, Connecticut, Maryland and New Jersey, helping to avoid an estimated 45.6 million pounds of carbon dioxide emissions to date. The installations include a 1.5 megawatt array in Hagerstown, Maryland, among the largest in the state. The power from these renewable sources is used across the company’s facilities, including Staples retail stores, delivery fulfillment centers, customer service call centers and sales offices. Additional solar installations on Staples’ properties are planned.
“This solar power milestone demonstrates Staples’ ongoing dedication to sustainable business," said Mark Buckley, VP of environmental affairs for Staples. "Working with SunEdison for solar power requires no capital investment and no operating expense for Staples, provides power at or below the price for grid power, and helps us meet our sustainability goals."
The solar hosting program is made possible through power purchase agreements (PPAs) between Staples and SunEdison, a subsidiary of MEMC Electronic Materials. Through these PPAs, SunEdison finances, installs, owns, operates and maintains the solar power systems deployed at Staples facilities, with no upfront costs for Staples. Staples benefits by purchasing the energy produced over 20 years at locked-in rates that are at or below retail market rates, which helps offset its grid demand.
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Jones Lang LaSalle in turnkey branding initiative for Nextel
Chicago — Commercial real estate services firm Jones Lang LaSalle will complete the rebrand, design and build-out of retail locations for mobile communications provider NII Holdings for its licensed Nextel brand in Latin America as part of a turnkey brand implementation strategy.
Partnering with design firm Landor, the agency responsible for Nextel’s new brand identity in the region, Jones Lang LaSalle is tasked with ensuring that all Nextel store locations across the region are aligned with the brand’s new graphic identity. Jones Lang LaSalle completed 800 retail locations in time for Nextel’s unveiling of its new brand identity recently, and is slated to rebrand and build out 1,200 additional locations over the next six months.
“Nextel’s new brand embodies the evolution of the company, creating a stronger brand connection with current business customers, while attracting high value individuals in Argentina, Brazil, Chile, Mexico, and Peru,” said Mary Frances McGuiness, VP of brand and marketing communications at NII Holdings. “Jones Lang LaSalle efficiently managed the process, focusing on its experience in store design, materials and roll-out to ensure that the customer experience at the stores reflects all aspects of the brand.”
Sycamore Partners acquires 51% interest in Limited’s Mast Global Fashions
New York City — Sycamore Partners, a private equity firm based in New York, and Limited Brands announced that Sycamore has acquired a controlling 51% interest in Mast Global Fashions, the third-party apparel sourcing division of Limited Brands.
Limited Brands will retain a 49% stake in this standalone apparel production and sourcing company. Terms of the transaction were not disclosed. Limited Brands will retain 100% ownership of its separate sourcing operation for their intimate apparel and personal care/beauty businesses.
"Sycamore shares our values and our approach to business, and we know that they are the right partner to work with us to provide the resources necessary to expand this third-party apparel sourcing business," said Leslie H. Wexner, chairman and CEO of Limited Brands. "That expansion will benefit all of the new company’s customers, including Limited Brands. The change also enables our Limited Brands team to continue our focus on our strategic priorities – growing our intimate apparel, beauty and personal care retail brands."