OPERATIONS

Win-Holt acquires Commercial Stainless Fabricators

BY Staff Writer

Syosset, N.Y. — Win-Holt Equipment Group said Tuesday that it has acquired Commercial Stainless Fabricators located in Marietta, Ga.

The 60,000-sq.-ft. facility will join Win-Holt’s Custom Stainless Steel Fabrication operation and will be supported by existing national manufacturing facilities in Pennsylvania, Texas and California.

According to Win-Holt, the acquisition will expand its current Win-Fab custom stainless program to include hoods, Spectrum Mobile Serving Counters, stationary serving counters, chef units, and Comm-Veyor conveying systems.

“The acquisition will allow us to expand our capabilities and services, expand our product offering and expand into new markets,” said Dominick Scarfogliero, Win-Holt’s President and COO,

Commercial Stainless Fabricators president and founder Jason Womack has been named VP business development of the new company, reporting to Dominick Scarfogliero.

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DLC Management launches social media initiative

BY Staff Writer

Tarrytown, N.Y. — DLC Management Corp, a national owner and operator of open-air shopping centers, announces Wednesday the launch of a new social media initiative that includes both business-to-business and business-to-consumer social networks.

After unveiling several new mobile tools earlier this year at the International Council of Shopping Centers’ RECon show, DLC is launching pages on both Facebook and Twitter for 14 of its shopping centers in the Metro Atlanta area which will be geared toward the local consumer, and a “DLC Atlanta” page on each site which will be focused on the Commercial Real Estate business community.

The 14 property-specific networks will provide shoppers with general news about the center, information about new tenants joining the property, store openings and event information. Perhaps of most value to local shoppers, DLC will be working to partner with its tenants to provide store-specific information on promotions, sales, hiring information, and more.

“This is our first large-scale effort to engage with the consumer on behalf of our individual shopping centers,” said Kara Scimeca, DLC’s director of marketing. “Starting a dialogue with shoppers has not been something we’ve been able to focus our efforts on until now, and the incredible growth in usage and popularity of social media has helped us be able to do so.”

The DLC Atlanta network includes a Facebook and Twitter page aimed at providing information to brokers, retailers and the Metro Atlanta CRE industry about DLC’s Atlanta area portfolio and general happenings in this market.

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Apr-18-2013 04:49 pm

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Tesco pulls out of Japanese market

BY Katherine Boccaccio

London — Grocery giant Tesco PLC said Wednesday it is pulling out of Japan, which means shuttering 129 small, leasehold-owned stores in the Greater Tokyo area, which employ 4,000 people. The country is the smallest of Tesco’s international retail businesses, and the weakest for sales growth in the 2010-2011 fiscal year.

“Having made considerable efforts in Japan, we have concluded that we cannot build a sufficiently scalable business,” said Philip Clarke, CEO.

Tesco entered Japan with the purchase of 78 stores from retailer C Two-Network in 2003. It acquired another 27 stores from retail chain Fre’c in 2004, before expanding the business with its own stores. Tesco has since invested around $163 million in Japan, where it operates small-format stores, supermarkets and convenience stores under the Tsurakame, Tesco and Tesco Express banners.

A formal sale process is slated to occur over the coming months.

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