REAL ESTATE

Wingstop to open 14 new restaurants in Chicago

BY Katherine Boccaccio

Richardson, Texas — Wingstop said Wednesday that it has signed two development agreements that will result in 14 new restaurants in the Chicago area.

The multi-unit development agreements include a three-store deal with an existing franchise group and an 11-store deal with Chicagoland Wing Kings.

“We expect to double our presence in the area over the next two to three years," said Bev Rich, senior director of franchise development, Wingstop.

Wingstop currently has 19 restaurants in the Chicago area.

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OPERATIONS

NRF names five new retail board members

BY Katherine Boccaccio

New York City — The National Retail Federation said Wednesday that it has named five additional retail executives to its board of directors. Each new member, announced during NRF’s101st Annual Convention and Expo in New York, will serve a three-year term.

The newly named members are Tim Belk, chairman and CEO, Belk; David Jaffe, president and CEO, Ascena Retail Group; Craig L. Levra, chairman, president and CEO, Sport Chalet; David Ratner, president, Dave’s Soda and Pet City; Laura Sen, president, CEO and director, BJ’s Wholesale Club.

Terry Lundgren, Macy’s chairman, president and CEO, was re-elected to serve another full year as chairman of the NRF board.

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OPERATIONS

Fantastic Sams Hair Salons acquired

BY Katherine Boccaccio

Beverly, Mass. — Fantastic Sams Hair Salons said Wednesday that it has been acquired by salon owner Dessange International.

Fantastic Sams operates 1,200 company-owned and franchised salons in 46 states, and Dessange operates salons and beauty institutes in 45 countries. The acquisition of Fantastic Sams doubles Dessange’s hair salon network to over 2,000 salons, of which 1,500 are located outside of France.

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