FINANCE

Williams-Sonoma expands brand portfolio with purchase of Rejuvenation

BY Marianne Wilson

San Francisco — Williams-Sonoma announced today that it has acquired Rejuvenation Inc., a manufacturer and retailer of authentic reproduction lighting and house parts, such as doors and cabinet hardware.

Rejuvenation’s lighting fixtures are custom-configured and made-to-order. The brand’s products are sold through its catalog, website and retail stores in Portland, Ore., Seattle and Los Angeles. The transaction price was not disclosed.

“Rejuvenation and Williams-Sonoma share the vision of enhancing our customers’ lives at home,” said Laura Alber, president and CEO of Williams-Sonoma. “We are excited about the opportunity for us to grow the Rejuvenation brand by leveraging Williams-Sonoma’s direct marketing and e-commerce capabilities with Rejuvenation’s high-quality, specialty products.”

Rejuvenation will remain a standalone brand after its purchase, and founder Jim Kelley will act as a consultant to the company, the Portland Business Journal reported.

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News

B&N adds tablet to Nook portfolio

BY CSA STAFF

NEW YORK — Barnes & Noble announced that it has introduced Nook Tablet, the latest product in its Nook portfolio. According to the company, the Nook Tablet offers access to popular movies, TV shows, music and more through the top entertainment services, including Netflix, Hulu Plus, Pandora and others, plus a collection of high-quality apps, fast Web browsing and email.

Nook Tablet is available forpre-order at www.nook.com and at Barnes & Noble stores for $249. IT will be in stores and in homes on or about Nov.17, the company said. In addition, the company said it will display the Nook Tablet in its newly announced Nook Digital Shop, which feature the full portfolio of Nook digital devices at neighborhood Barnes & Noble stores.

“In Nook Tablet we’ve created the best wireless media tablet in the portable 7-inch class. Nook Tablet’s VividView display has been designed to be the world’s finest screen for readability and viewing content. We’ve utilized that breakthrough display technology to bring consumers the largest digital catalog of color and interactive books, magazines, children’s books and high-quality apps through our Nook store. Additionally, we’ve seamlessly integrated today’s top entertainment services like Netflix, Hulu Plus and Pandora in a product that’s powerful, easy-to-use, under a pound, and a tremendous value at only $249,” said William Lynch, CEO of Barnes & Noble.

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OPERATIONS

Hot Topic names CEO as chairwoman

BY Staff Writer

City of Industry, Calif. — Hot Topic Inc. said that its CEO, Lisa Harper, 52, has also been named its board chairwoman.

Former chairman Bruce Quinnell will stay on as chairman of the audit committee, but he will not seek re-election to the board when his term ends in June, the company said.

The company also said Matthew Drapkin was named lead director.

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