NEW ZEALAND: Foodstuffs North Island acquires Highland Park Shopping Centre

AUCKLAND, New Zealand, 2018-Mar-06 — /EPR Retail News/ — Foodstuffs North Island Ltd is excited to announce the purchase of the well-established Highland Park Shopping Centre, with a view to eventually bringing a new shopping option to the high growth East Auckland area.

The Centre will be redeveloped over time. The redevelopment will be designed to accommodate existing retailers and to ultimately include a PAK’nSAVE supermarket. The co-operative believes the proposed redevelopment will offer locals the opportunity to enjoy New Zealand’s lowest food prices.

The current owners, Highland Centre Limited, have owned the Highland Park Shopping Centre for 20 years. Over this time, they have come to know many of their tenants personally, as such, the decision to sell was given a great deal of thought.

“After all these years we are pleased to be able to sell to a 100% New Zealand owned company which is committed to providing a valuable service to the Highland Park and wider East Auckland community,” says Mark Townsend, Director, Highland Centre Limited.

Lindsay Rowles, Foodstuffs North Island General Manager, Property Development says, “The purchase is an exciting milestone for the Co-operative. While we are still very much in the planning and evaluation stage, we are considering adding a PAK’nSAVE to the Highland Park and wider Eastern Bays area, which ultimately means we are able to offer customers more choice.”

“The details are still to be worked through. Our focus right now is on working with the existing tenants to ensure they have all the information they need as the redevelopment begins to take shape.”

The rights and interests of existing tenants will be taken into account, including the Countdown supermarket in the Centre which is not directly affected by the current redevelopment proposal.

Colliers has been appointed by Foodstuffs North Island as the managing agent for the Highland Park Shopping Centre. They are handling the process on behalf of Foodstuffs and are responsible for all property, facilities and marketing management associated with the site.

“We know the news that Foodstuffs has purchased the Shopping Centre could mean uncertainty for its current tenants, and we are very mindful of this”, says Rowles.

“The Foodstuff team wants all tenants, some of whom have been here for many years, to feel supported and, with Colliers, are endeavouring to make this process as seamless as possible.

MEDIA ENQUIRIES:
Foodstuffs Communications Team Phone: 0800 376 3342

Source: Foodstuffs North Island Ltd

Morrisons acquires leading supplier of free range eggs Chippindale Foods

Bradford, UK, 2018-Feb-20 — /EPR Retail News/ — Morrisons today (19/02/2018) announces it has acquired Chippindale Foods, a leading supplier of free range eggs.

The acquisition means that Morrisons will make even more of its own fresh food and become more competitive for customers on these important everyday products. It will also bring forward the date at which all Morrisons eggs will come from non-caged hens from the current commitment of 2025.

Morrisons is already the largest supermarket customer for British farmers and uniquely makes most of its own fresh food in 17 manufacturing sites and 491 stores, including bakery, seafood, meat, fruit & veg, flowers and chilled processed products.

The addition of the Chippindale Foods business will enable Morrisons to work closely with egg farmers to support a sustainable supply chain, the welfare of hens and the quality of their eggs.

Nick Chippindale, Managing Director, will stay with the business and the 54 staff employed at the site at Flaxby, North Yorkshire, will become Morrisons colleagues in a growing manufacturing business.

Andrew Thornber, Morrisons Manufacturing Director, said: “The addition of Chippindale Foods to our fresh food manufacturing business will give us the opportunity to build on our deep relationships with British farmers and become even more competitive for our supermarket and wholesale customers.”

For further information contact:

Morrisons Press Office
0845 611 5111

Source: Morrisons

The Home Depot® acquires leading online retailer of textiles and home décor products The Company Store

ATLANTA, 2017-Dec-28 — /EPR Retail News/ — The Home Depot® announced today (Dec 21, 2017) that it has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed.

In addition to its success as an online retailer, The Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories.  Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room.

“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,” said Craig Menear, chairman, CEO and president of The Home Depot.  “On behalf of our 400,000-plus associates, I want to welcome The Company Store’s talented associates into The Home Depot family.”

The acquisition does not include The Company Store’s five retail locations.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; effects of competition; state of the residential construction, housing and home improvement markets; capital allocation and expenditures; financial outlook; and integration of The Company Store into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

Hy-Vee acquires telepharmacy locations in Victor and West Liberty to expand its pharmacy access in rural Iowa communities

Victor and West Liberty telepharmacies fill prescriptions and offer OTC health items

WEST DES MOINES, Iowa, 2017-Nov-16 — /EPR Retail News/ — Hy-Vee, Inc. is excited to expand its pharmacy access in rural Iowa communities via telepharmacy services. Two existing telepharmacy locations in Victor and West Liberty, Iowa, were purchased by Hy-Vee and will continue to operate as telepharmacies under the Hy-Vee Pharmacy name. Both locations opened on Nov. 6, and provide patients with a direct line of communication to a pharmacist without having to leave their community.

At the telepharmacy, a prescription is processed similarly to how it would be at a Hy-Vee retail pharmacy. A pharmacist verifies the prescription for accuracy, as well as reviews the prescription for appropriateness in dosing and safety. Once the pharmacist completes an initial verification, a certified pharmacy technician may fill it at the telepharmacy location. The pharmacist provides an additional verification by checking the accuracy of the filling process via digital equipment. Pharmacists then are able to counsel the patient via iPad and telephone technology.

The telepharmacies have store fronts and offer over-the-counter health and convenience-style items. Though they do not have a full-time pharmacist, they will have a pharmacist on site 16 hours per month. Grinnell Hy-Vee is the home store for Victor, and Muscatine Mainstreet Hy-Vee is the home store for West Liberty.

“We are thrilled to provide Hy-Vee pharmacy services and maintain a personal pharmacist connection for residents in Victor and West Liberty, Iowa, through our new telepharmacy locations,” said Kristin Williams, Hy-Vee’s senior vice president and chief health officer. “Enhancing health care for our customers is a top priority, and these locations will fill prescriptions as well as offer additional health and wellness services that Hy-Vee is known for.”

Hy-Vee, Inc. is an employee-owned corporation operating more than 245 retail stores across eight Midwestern states with sales of $10 billion annually. The supermarket chain is synonymous with quality, variety, convenience, healthy lifestyles, culinary expertise and superior customer service. Hy-Vee ranks in the Top 10 Most Trusted Brands and has been named one of America’s Top 5 favorite grocery stores. The company’s 85,000 employees provide “A Helpful Smile in Every Aisle” to customers every day. For additional information, visit www.hy-vee.com.

Source: Hy-Vee, Inc.

Amazon acquires global television rights to The Lord of the Rings, based on novels by J.R.R. Tolkien, with a multi-season commitment

Television adaptation, exploring new storylines preceding J.R.R. Tolkien’s The Fellowship of the Ring, slated to debut exclusively on Prime Video

SEATTLE, 2017-Nov-15 — /EPR Retail News/ — Amazon today (Nov. 13, 2017) announced it has acquired the global television rights to The Lord of the Rings, based on the celebrated fantasy novels by J.R.R. Tolkien, with a multi-season commitment. The upcoming Amazon Prime Original will be produced by Amazon Studios in cooperation with the Tolkien Estate and Trust, HarperCollins and New Line Cinema, a division of Warner Bros. Entertainment.

“The Lord of the Rings is a cultural phenomenon that has captured the imagination of generations of fans through literature and the big screen,” said Sharon Tal Yguado, Head of Scripted Series, Amazon Studios. “We are honored to be working with the Tolkien Estate and Trust, HarperCollins and New Line on this exciting collaboration for television and are thrilled to be taking The Lord of the Rings fans on a new epic journey in Middle Earth.”

“We are delighted that Amazon, with its longstanding commitment to literature, is the home of the first-ever multi-season television series for The Lord of the Rings,” said Matt Galsor, a representative for the Tolkien Estate and Trustand HarperCollins. “Sharon and the team at Amazon Studios have exceptional ideas to bring to the screen previously unexplored stories based on J.R.R. Tolkien’s original writings.”

Set in Middle Earth, the television adaptation will explore new storylines preceding J.R.R. Tolkien’s The Fellowship of the Ring. The deal includes a potential additional spin-off series.

A world-renowned literary work, and winner of the International Fantasy Award and Prometheus Hall of Fame Award, The Lord of the Rings novels was named Amazon customers’ favorite book of the millennium in 1999 and Britain’s best-loved novel of all time in BBC’s The Big Read in 2003. Its theatrical adaptations, from New Line Cinema and Director Peter Jackson, earned a combined gross of nearly $6 billion worldwide. With an all-star cast that included Elijah Wood, Viggo Mortensen, Ian McKellen, Liv Tyler, Sean Astin and Orlando Bloom, The Lord of the Rings trilogy garnered a combined 17 Academy Awards, including Best Picture.

The upcoming Amazon Prime Original will be available for Prime members to stream and enjoy using the Amazon Prime Video app for TVs, connected devices including Amazon Fire TV, and mobile devices, or online with other Amazon Prime Originals online at Amazon.com/originals, at no additional cost to their membership. Eligible customers who are not already Prime members can sign up for a free trial at www.amazon.com/prime. For a list of all Amazon Prime Video compatible devices, visit www.amazon.com/howtostream. The series will be a global release for members to watch via the Prime Video app or online at PrimeVideo.com in more than 200 countries and territories.

About Amazon Video

Amazon Video is a premium on-demand entertainment service that offers customers the greatest choice in what to watch and how to watch it. Amazon Video is the only service that provides all of the following:

  • Prime Video: Thousands of movies and TV shows, including popular licensed content plus critically-acclaimed and award-winning Amazon Original Series and Movies from Amazon Studios like Transparent, The Man in the High Castle, Love & Friendship, and kids series Tumble Leaf, available for unlimited streaming as part of an Amazon Prime membership. Prime Video is also now available to customers in more than 200 countries and territories around the globe at www.primevideo.com.
  • Amazon Channels: Over 100 video subscriptions to networks like HBO, SHOWTIME, STARZ, PBS KIDS, Acorn TV, and more, available to Amazon Prime members in the US as add-ons to their membership. To view the full list of available channels, visit www.amazon.com/channels.
  • Rent or Own: Hundreds of thousands of titles, including new release movies and current TV shows available for on-demand rental or purchase for all Amazon customers.
  • Instant Access: Customers can instantly watch anytime, anywhere through the Amazon Video app on compatible TVs, mobile devices, Amazon Fire TV, Fire TV Stick, and Fire tablets, or online. For a list of all compatible devices, visit www.amazon.com/howtostream.
  • Premium Features: Top features like 4K Ultra HD, High Dynamic Range (HDR) and mobile downloads for offline viewing of select content.

In addition to Prime Video, the Prime membership includes unlimited fast free shipping options across all categories available on Amazon, more than two million songs and thousands of playlists and stations with Prime Music, secure photo storage with Prime Photos, unlimited reading with Prime Reading, unlimited access to a digital audiobook catalog with Audible Channels for Prime, a rotating selection of free digital games and in-game loot with Twitch Prime, early access to select Lightning Deals, exclusive access and discounts to select items, and more. To sign-up for Prime or to find out more, visit: www.amazon.com/prime.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

About New Line Cinema

Building on five decades of innovation and creativity, New Line Cinema continues its long and successful history of producing critically acclaimed hit films that resonate with both mainstream and niche audiences around the world. New Line became a unit of Warner Bros. Entertainment in March 2008. The company maintains separate development, production, and business affairs operations, but coordinates those functions with Warner Bros. to maximize film performance and operating efficiencies.

Media Hotline:

206-266-7180
Amazon-pr@amazon.com
www.amazon.com/pr

Source: Amazon.com, Inc.

InvenTrust Properties acquires The Plaza Midtown in the Midtown submarket of Atlanta, GA

InvenTrust Properties acquires The Plaza Midtown in the Midtown submarket of Atlanta, GA

 

DOWNERS GROVE, Ill., 2017-Aug-22 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today ( 08/21/2017 ) announced that it has acquired The Plaza Midtown, a 70,000 square foot Publix-anchored center located in the Midtown submarket of Atlanta, GA, for approximately $31.8 million.

“We are excited to acquire this core, urban infill asset located in the vibrant Midtown submarket of Atlanta,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “The Plaza Midtown is located in an ideal neighborhood with diverse demographics and anchored by a strong performing Publix. We anticipate that this accretive transaction will drive long term value as we continue to focus on enhancing our portfolio with premier assets in the Sun Belt region.”

Christopher Covey, Senior Vice President of Transactions, added, “This is a compelling transaction given the significant annual sales growth and built-in customer base of Publix. The property is adjacent to Georgia Tech University and within a major employment hub that will provide favorable and consistent traffic to the center.”

Including the grocery anchor tenant Publix, the center features a number of high performing up-scale and casual dining restaurants and internet resistant services including fitness and beauty/wellness tenants.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of June 30, 2017, is an owner and manager of 85 retail properties, representing 15.2 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

###

Kimco Realty acquires Jantzen Beach an open-air shopping center in Portland, Oregon for $131.8 million

NEW HYDE PARK, N.Y., 2017-Jul-11 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (7/10/2017) announced the post-second quarter acquisition of Jantzen Beach, a 96%-occupied, 746,000-square-foot, open-air shopping center on 67 acres in Portland, Oregon, for $131.8 million, or $177/square foot, substantially below replacement cost. Jantzen Beach is the company’s eighth property in the Portland-Vancouver-Hillsboro MSA, expanding Kimco’s concentration in a top 25 market where it also maintains a regional office.

“Jantzen Beach is a flagship asset located in a coastal, in-demand market with significant barriers to entry,” said Ross Cooper, President and Chief Investment Officer of Kimco Realty. “This asset exemplifies a key component of our strategic 2020 Vision to upgrade the quality of our portfolio with selective acquisitions funded by disposition proceeds.”

The center features a prime collection of national tenants in today’s strongest retail categories, including Home Depot, Target, TJ Maxx, HomeGoods, Ross Stores, Burlington, Petco, Best Buy, DSW and Michaels. Jantzen Beach sits along Portland’s busy I-5 artery, with traffic counts of over 128,000 cars per day. As one of the only major shopping centers in the region, the center’s trade area extends over 10 miles, reaching into neighboring Washington State, and its sales tax-free shopping attracts approximately five million visits per year. Furthermore, Jantzen Beach is located within the Urban Growth Boundary of Portland, which serves to control urban expansion and poses a formidable barrier to entry in this desirable market.

The Jantzen Beach acquisition will expand the company’s future redevelopment pipeline through potential outparcel development of two 6,000-square-foot pad buildings, and mixed-use densification opportunities supported by flexible zoning. The center also offers strong mark-to-market upside from several below-market anchor leases.

Kimco also reported its transaction activity for the second quarter of 2017:

Acquisitions: The company acquired a parcel adjacent to its Augusta Exchange shopping center in Augusta, Georgia, for a gross purchase price of $700,000. The land acquisition is an excellent redevelopment opportunity for an outparcel that will complement the existing tenant mix. Kimco’s share of the purchase price was $340,000.

Dispositions: Kimco disposed of interests in nine shopping centers, totaling 892,000 square feet, and two land parcels for a gross sales price of $155.8 million. Kimco’s share of the sales price was $128.1 million. With these dispositions, the company has exited the states of Maine and Louisiana.

ABOUT KIMCO

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

SAFE HARBOR STATEMENT

The statements in this news release state the company’s and management’s intentions, beliefs, expectations or projections of the future and are forward-looking statements. It is important to note that the company’s actual results could differ materially from those projected in such forward-looking statements. Factors which may cause actual results to differ materially from current expectations include, but are not limited to, (i) general adverse economic and local real estate conditions, (ii) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business, (iii) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms to the company, (iv) the company’s ability to raise capital by selling its assets, (v) changes in governmental laws and regulations, (vi) the level and volatility of interest rates and foreign currency exchange rates and management’s ability to estimate the impact thereof, (vii) risks related to the company’s international operations, (viii) the availability of suitable acquisition, disposition, development and redevelopment opportunities, and risks related to acquisitions not performing in accordance with our expectations, (ix) valuation and risks related to the company’s joint venture and preferred equity investments, (x) valuation of marketable securities and other investments, (xi) increases in operating costs, (xii) changes in the dividend policy for the company’s common stock, (xiii) the reduction in the company’s income in the event of multiple lease terminations by tenants or a failure by multiple tenants to occupy their premises in a shopping center, (xiv) impairment charges and (xv) unanticipated changes in the company’s intention or ability to prepay certain debt prior to maturity and/or hold certain securities until maturity. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the company’s SEC filings. Copies of each filing may be obtained from the company or the SEC.

The company refers you to the documents filed by the company from time to time with the SEC, specifically the section titled “Risk Factors” in the company’s Annual Report on Form 10-K for the year ended December 31, 2016, as may be updated or supplemented in the company’s Quarterly Reports on Form 10-Q and the company’s other filings with the SEC, which discuss these and other factors that could adversely affect the company’s results. The company disclaims any intention or obligation to update the forward-looking statements, whether as a result of new information, future events or otherwise

Contact:
David F. Bujnicki
1-866-831-4297
Senior Vice President, Investor Relations and Strategy
dbujnicki@kimcorealty.com

Source: Kimco Realty Corporation

ScanSource acquires Kingcom’s channel business to sell communication solutions through the Verizon Partner Program

Greenville, SC, 2017-Apr-13 — /EPR Retail News/ — ScanSource, Inc. (NASDAQ: SCSC), a leading global provider of technology products and solutions, today ( April 10, 2017) announced that it has acquired Kingcom’s  channel business assets and associated support organization to sell communication solutions through the Verizon Partner Program (VPP). The acquisition was completed through ScanSource’s subsidiary, Intelisys, a leading technology services provider of business communications and cloud services.

Kingcom is a VPP Platinum member and its channel business brings specialized resources and enhancements for Intelisys sales partners to sell Verizon services to their customers. This acquisition creates a direct supplier relationship between ScanSource and Verizon, and enables Intelisys to add highly qualified Verizon-focused resources to support its customers.

“As Verizon continues to focus on the channel, it’s imperative our sales partners are ready and able to most effectively sell and support these services offerings,” said Jay Bradley, president of Intelisys. “We are excited about the level of support and expertise we are able to bring to our partners through our relationship with Verizon, and we look forward to the continued opportunities ahead through our investment in this relationship.”

“Kingcom has done a tremendous job in bringing Verizon’s business services to the channel,” said Janet Schijns, VP Solutions and Sales Channels for Verizon Business Markets. “We are excited about this next chapter as together we dig deeper and reinforce our commitment to the channel and to the Intelisys Sales Partner community.”

ScanSource and Intelisys will be at the Channel Partners Conference and Expo April 10 – 13th, and can be found in the ScanSource/Intelisys Lounge located in room Islander A outside of the Expo Hall.

In August 2016, ScanSource entered the recurring revenue telecom and cloud services market through its acquisition of Intelisys, an industry-leading technology services provider of business communications services, including voice, data, access, cable, collaboration, wireless and cloud. Intelisys is dedicated to serving the needs and accelerating the success of the industry’s top producing telecom sales agents, IT Solution Providers, VARs, MSPs and integrators, as they leverage the power of recurring revenue in their businesses. Under contract with more than 130 of the world’s leading telecom carriers, cloud services providers and technology partners, Intelisys delivers the services end users demand exclusively through a network of sales partners, supporting those sales partners via the most exceptional back office support team ever assembled in the channel. To learn more, visit www.Intelisys.com or talk to Intelisys at 800-615-8330.

Safe Harbor Statement
This press release includes forward-looking statements relating to our expectations for the acquisition of Kingcom’s channel business.  Actual results may differ materially from these expectations for a range of reasons, including difficulties in integrating the acquired business, declines in demand for telecommunications and related services, the lack of customer acceptance of the change in distribution channels and the other reasons detailed under “Risk Factors” in our Form 10-K for the year ended June 30, 2016, and subsequent Form 10-Qs.

About Kingcom
Since 2002, Kingcom (www.kingcom.com) has pioneered business telecom solutions with superior service and the latest innovations in the fast moving telecom IT environment to businesses nationwide. With expertise in Technology Expense Management and Telesales, Kingcom supports its customers by helping them stay ahead of the curve with respect to the daunting telecom and IT environment. Kingcom has been an Intelisys partner since 2013.

About ScanSource, Inc.
ScanSource, Inc. (NASDAQ: SCSC) is a leading global provider of technology products and solutions, focusing on point-of-sale, barcode, physical security, video, voice, data networking and technology services. ScanSource’s teams provide value-added solutions and operate from two segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services. ScanSource is committed to helping its resellers and sales partners choose, configure and deliver the industry’s best solutions across almost every vertical market in North America, Latin America and Europe. Founded in 1992, the Company is headquartered in Greenville, South Carolina and was named one of the 2016 Best Places to Work in South Carolina. ScanSource ranks #685 on the Fortune 1000. For more information, visit www.scansource.com.

Contact:

Melissa Andrews
Title: Public Relations Manager
Phone: 864.286.4425

Source: ScanSource, Inc

7‑Eleven acquires 1,108 convenience stores from Sunoco LP

World’s Largest Convenience Retailer Acquires 1,108 Convenience Stores

IRVING, TEXAS, 2017-Apr-07 — /EPR Retail News/ — 7‑Eleven, Inc., the premier name and largest chain in the convenience-retailing industry, is pleased to announce it has entered into an asset purchase agreement with Sunoco LP. As part of the agreement, 7‑Eleven will acquire approximately 1,108 convenience stores located in 18 states.

“This acquisition supports our growth strategy in key geographic areas including Florida, mid-Atlantic states, Northeast states, and Central Texas,” said Joe DePinto, President and Chief Executive Officer of 7‑Eleven Inc. “It also provides 7‑Eleven entry into Houston, the 4th largest city in the United States, and a strong presence in Corpus Christi and across South Texas.

7‑Eleven, Inc. has 8,707 stores in the United States and Canada. This acquisition will be one of the largest in 7‑Eleven, Inc.’s history, and it will bring 7‑Eleven, Inc.’s total number of stores to 9,815 in the U.S. and Canada.

The transaction is expected to close in the second half of this year.

About 7‑Eleven, Inc.:

7‑Eleven, Inc. is the premier name and largest chain in the convenience-retailing industry. Based in Irving, Texas, 7‑Eleven® operates, franchises or licenses more than 62,000 stores in 17 countries, including 10,900 in North America. Find out more online at www.7‑Eleven.com, via the 7Rewards® customer loyalty platform on the 7‑Eleven mobile app, or on social media at Facebook, Twitter and Instagram.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as prediction of future events. 7‑Eleven does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Contact: 1-800-255-0711

Source: 7‑Eleven, Inc.

PHILIPPINES: SM Investments Corporation acquires 34.5% stake in 2Go Group

Pasay City, Philippines, 2017-Apr-03 — /EPR Retail News/ — SM Investments Corporation (SMIC) completed the acquisition of a minority stake in 2Go Group via a 34.5% stake in its parent company. 2Go is the country’s largest integrated supply chain operator whose businesses include shipping, freight forwarding, warehousing, and express delivery services.

“We are pleased with this opportunity to invest in a fast growing, dynamic logistics business. It will benefit from, as well as contribute to the country’s economic progress especially as development spreads to the provinces” said Mr. Harley Sy, President of SMIC. Earlier this month when the company released its annual results, Mr. Sy said that the group is optimistic about broader regional growth with the government plans in infrastructure, agriculture and tourism.

About SM Investments Corporation

SM Investments Corporation (SMIC) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SMIC is one of the more responsible companies in the country due to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.

SMIC’s retail operations enjoy a strong brand franchise consisting of THE SM STORE; a strong portfolio of leading specialty retailers including Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons and others; and its food retail chains, namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is one of the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SMIC’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s leading bank and in China Banking Corporation (China Bank), the sixth largest private bank. Combined, these two banks have a network of over 1,600 branches nationwide.

For further information, please contact:

Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
E-mail: cora.guidote@sminvestments.com
Tel. No. (632) 857-0117
www.sminvestments.com

Source: SM Investments Corporation

InvenTrust Properties Corp. acquires The Shops at Town Center in Germantown, MD, for approximately $53.6 million

OAK BROOK, Ill., 2017-Feb-25 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (02/23/2017) announced that it has acquired The Shops at Town Center, a 125,000 square foot Safeway-anchored center located in Germantown, MD, for approximately $53.6 million.

“This transaction provides us with an opportunity to begin our expansion in the Washington, DC market,” said Michael E. Podboy, EVP – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property provides us with a strong submarket location in one of the country’s wealthiest counties, while giving us an opportunity to acquire a core grocer-anchored center located amidst a growing residential development.”

Christopher Covey, Senior Vice President of Transactions, added, “The acquisition of The Shops at Town Center is an exciting opportunity that we anticipate will drive long term value. The Shops at Town Center is an excellent fit for us as it has an exceptional geographic location, a strong tenant base, and stable cash flows. This acquisition builds on our existing strategy and will be accretive to our portfolio.”

The Shops at Town Center is located in Germantown, MD, just twenty-five miles northwest of Washington, DC. The center features national tenants such as Safeway, Chipotle, Baja Fresh, Sunco, and Verizon.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

Maxima Grupė acquires Barbora the largest e-commerce company in Lithuania

Vilnius, Lithuania, 2017-Jan-17 — /EPR Retail News/ — Maxima Grupė that manages retail chains in Lithuania, Latvia, Estonia, Bulgaria and Poland, has acquired the largest e-commerce company for food and other products in Lithuania – Barbora. This grown-up and developed start-up, delivering Maxima goods in Vilnius, will be integrated with other Maxima Grupė’s e-commerce companies in Latvia and Estonia.

This deal will not affect Barbora’s quality of service, assortment of products or price. Successful management team will continue to lead the company.

“Barbora is a leader in its field. It has developed justifying business model, loyal customers’ base and high consumer trust.  Generally, we believe that e-commerce business is up-and-coming. We see this in Latvia and Estonia where e-commerce channel is consistently growing,” says Alvydas  Šustikas, Maxima Grupė’s Chairman of the Board and CEO.

“Experience of Barbora demonstrates that separately developed e-commerce field grows faster. Thus, Barbora will operate as a separate business unit in Maxima Grupė and we want to continue strengthening it. We are going not only to expand into other cities in Lithuania, but also integrate into Barbora’s activities already working e-Maxima’s companies in Latvia and Estonia,” says A. Šustikas.

According to A. Šustikas, Barbora and Maxima LT have formed a strategic partnership so acquisition of former company is logical solution helping to achieve greater synergy in business.

“Approximately 90% of all startups fail because of self-destruction. This means that the biggest part of startups goes bankrupt not because of market conditions or lack of success, but because of their developers’ lack of preparedness, bad business decisions and improper assessment of the risks. Also, very important factor is proper evaluation of the startup development phase,” – one of the Barbora’s founders Ignas Staškevičius explains decision to sell the company.

“Barbora’s increase over the past few years is impressive. This is a great example of how to develop a small, dynamic company and refine its business model. Currently, Barbora covers only Vilnius area, but it is clear that quality of new development stage has been reached and now there is a need to expand the company’s business geography. At this stage of expansion we need to reach scale effect and for that we need greater capital and full backing. Therefore, the decision to sell the company has been made“, I. Staškevičius says.

Maxima Grupė acquired 100% shares of JSC Radas controlling 100% of company Barbora. These shares were sold for the market price set by independent asset valuation by Nerijus Numavičius controlling JSC Tema Holdings and Ignas Staškevičius, controlling JSC Kalpa. 95% and 5% of shares were owned by the shareholders accordingly.

The value of the transaction is 1.4 million EUR.

Media relations:
Jaunius Špakauskas
Head of Corporate Affairs
T: + 370 5 219 6207
M:  +370 659 01995
E: jaunius.spakauskas@maximagrupe.eu

Source: Maxima Group

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

InvenTrust Properties Corp. acquires Campus Marketplace in San Marcos, California for approximately $73 million

 

OAK BROOK, Ill., 2017-Jan-13 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today (01/10/2017) announced that it has acquired Campus Marketplace, a 144,000 square foot Ralphs- and CVS-anchored center located in San Marcos, California, for approximately $73 million.

“This transaction will allow us to continue to build our asset base and concentration in Southern California,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “This property provides us with additional operational economies of scale while giving us an opportunity to acquire a top grocer in one of InvenTrust’s target markets.”

Christopher Covey, Senior Vice President of Transactions, added, “Campus Marketplace is a fantastic stabilized asset that is ninety-eight percent leased. We believe this is an excellent fit for us as it has an exceptional geographic location and strong anchor tenants. This acquisition builds on our existing strategy and will be accretive to InvenTrust’s portfolio.”

Campus Marketplace is located in San Marcos, California, just thirty-five miles north of San Diego. The center has an established tenancy and features national tenants such as Ralphs, CVS, Bank of America, Starbucks, Subway, and Sport Clips.

About InvenTrust Properties Corp.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed REIT in 2014 and as of September 30, 2016, is an owner and manager of 88 retail properties, representing 15.1 million square feet of retail space, and one non-core property.

Forward-Looking Statements Disclaimer

Forward-Looking Statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the securities and Exchange Commission (“SEC”), including the Risk Factors included in our most recent Annual Report on Form 10-K, as updated by any subsequent Quarterly Report on Form 10-Q, in each case as filed with the SEC. InvenTrust intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@inventrustproperties.com

Source: InvenTrust Properties Corp.

###

CBRE acquires Floored, Inc., a leading producer of SaaS solutions for the global commercial real estate industry

Floored’s 3D Graphics Technology Further Enhances CBRE’s Marketplace Differentiation

Los Angeles, 2017-Jan-04 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) today  (January 3, 2017) announced that it has acquired Floored, Inc., a leading producer of SaaS (Software as a Service) solutions, including scalable, interactive 3D graphics technology, for the global commercial real estate industry.  Floored gives CBRE’s professionals and clients access to advanced technology, and significantly increases the company’s capabilities to develop technology innovations that enhance marketing and leasing of commercial properties.

“We are very excited to add Floored’s interactive 3D graphics to our growing suite of technology tools,” said Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer. “Many of our leading professionals and clients have been using Floored technology and are very excited about their solutions. It gives our professionals a powerful advantage in the marketplace, enabling them to configure, visualize and compare vacant space and arrange virtual tours.  Our clients will continue to have access to these, and future, powerful products.”

Floored’s two main existing SaaS products are:

  • Protofit, which allows users to visualize and edit floor plans in 2D and 3D (including accurate external window views from each floor) and to create customized space layouts in real-time.  Protofit, which is being rebranded as Floored Plans, has been utilized in over 65 million sq. ft. of properties.
  • Luma, which enables a high-quality, interactive, next-generation customized 3D “walk-through” experience for new, unbuilt and repositioned spaces. This technology has been used to visualize space from project concept and design all the way through leasing and marketing efforts and is now being re-branded as Floored Build.

The products are used by property owners like Related, Equity Office, Hines and Beacon Capital.

Floored’s co-founders – Chief Executive Officer David Eisenberg, Chief Technology Officer Dustin Byrne and Vice President of Engineering Judy He – and their 36-person team of engineers, designers, 3D modelers and client support personnel will all join CBRE as part of the acquisition. Mr. Eisenberg will serve as SVP of Digital Enablement & Technology for CBRE’s leasing business (called Advisory & Transaction Services).

“We look forward to working with Dave, Dustin, Judy and their incredibly talented team to develop other innovative capabilities to enable exceptional outcomes for our clients. This will also give us momentum in tapping into the New York digital talent base,” Ms. Dhandapani said.

“We have worked very hard over the past four years to invent groundbreaking technology for commercial real estate,” said Mr. Eisenberg. “We couldn’t be more excited to bring this innovation to the industry’s premier, globally integrated commercial real estate services and investment firm. Together we will build powerful advantages for CBRE’s clients.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About Floored
Floored, Inc., founded in 2012, is a New York City-based company that creates interactive 3D graphics and technology for the hospitality and commercial, residential, industrial, and retail real estate industries. Floored has worked with hundreds of clients from around the world, with enterprise customers including Related, Equity Office, Hines and Beacon Capital.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Floored, Inc. that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate Floored’s technology into our existing operations as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016, and our Annual Report on Form 10-K for the fiscal year ended December 31, 2015. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

Cerberus Capital Management, L.P. acquires controlling interest in Staples’ European operations

FRAMINGHAM, Mass. & NEW YORK, 2016-Dec-09 — /EPR Retail News/ — Staples, Inc. (NASDAQ:SPLS) and Cerberus Capital Management, L.P. (Cerberus) announced today (Dec. 7, 2016) that Staples and Cerberus have entered into an agreement in relation to the sale of a controlling interest in Staples’ European operations to a Cerberus affiliate. Staples’ European business consists of retail, contract, and online businesses in 16 countries generating aggregate annual sales of approximately €1.7 billion. Staples is retaining a 15 percent equity interest in the business and will be represented on its board of directors following the closing of the transaction. In accordance with applicable law, Staples will now consult relevant European works councils. Subject to these consultations and satisfaction of other conditions, the parties anticipate closing the transaction during the first quarter of Staples’ fiscal 2017 year.

“One of our top strategic priorities has been to narrow our geographic focus on North America, and this is an important step toward simplifying our operations and better positioning Staples for sustainable long-term growth,” said Shira Goodman, Chief Executive Officer and President, Staples, Inc. “We believe that working with Cerberus will help enable the future success of the Staples Europe business, benefiting our associates and customers in the region.”

“We intend to instill a keen sense of urgency, focus, and commitment throughout the entire Staples Europe organization, enhance the company’s competitive position across its markets and channels, and return the business to growth by capitalizing on its many assets, including its well-recognized brands, strong customer relationships, dedicated sales force, advanced distribution and IT infrastructure, comprehensive pan-European footprint, and talented management and associates,” said Steven F. Mayer, Co-Head of Global Private Equity and Senior Managing Director of Cerberus. “Our strategy is to invest in a variety of initiatives designed to strengthen Staples Europe’s position as the leading provider of solutions to small, mid-sized, and large businesses in Europe, including sales force expansion, further diversification of products and services beyond office supplies, and next-generation technologies. Our unrelenting focus throughout the organization will be on satisfying our customers and on operational execution.”

Upon closing of the transaction, the Staples Europe business will be separated into a privately-held company controlled by an affiliate of Cerberus. The new company will enter into a licensing agreement with Staples for the use of certain Staples intellectual property, including its brand, a global accounts agreement, and transition services agreement governing a variety of services for defined periods. The company will operate under the Staples banner name and other sub-brands in European markets, and its associates will continue to be employees of Staples Europe, which will maintain its headquarters in Amsterdam. Olof Persson, an executive with Cerberus’ operations team and the former President and CEO of Volvo Group, will be appointed executive chairman of the new company.

The agreement with Cerberus follows Staples’ recent announcement of the sale of its UK retail business to Hilco Capital Limited, which also aligned with Staples’ new strategic direction of right-sizing its international business.

Barclays is acting as exclusive financial advisor to Staples. Clifford Chance LLP is acting as legal advisor to Staples. Kirkland & Ellis LLP and Linklaters LLP are acting as legal advisors to Cerberus.

About Staples, Inc.

Staples helps small business customers make more happen by providing a broad assortment of products, expanded business services and easy ways to shop – in stores, online via mobile or through social apps. Staples Business Advantage, the business-to-business division, caters to mid-market, commercial and enterprise-sized customers by offering a one-source solution for the products and services they need, combined with best-in-class customer service, competitive pricing and a state-of-the-art ecommerce site. Headquartered outside of Boston, Staples, Inc. operates throughout North and South America, Europe, Asia, Australia and New Zealand. More information about Staples(NASDAQ: SPLS) is available at www.staples.com.

About Cerberus Capital Management, L.P.

Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Cerberus has more than US $30 billion under management invested in four primary strategies: operational private equity, both control and non-control; distressed securities and assets; commercial mid-market lending; and real estate-related investments. From its headquarters in New York City and network of affiliate and advisory offices in the U.S., Europe and Asia, Cerberus has the on-the-ground presence to invest in multiple sectors, through multiple investment strategies, in countries around the world.

Media Contact:
Staples, Inc.
Mark Cautela
508-253-3832
mark.cautela@staples.com

Cerberus
Liz Micci
646-495-2702
emicci@gpg.com

Source: Staples, Inc.

AmRest Holdings SE acquires 15 KFC restaurants in Germany

Wroclaw, Poland, 2016-Dec-02 — /EPR Retail News/ — AmRest Holdings SE („AmRest”, “the Company”) (WSE: EAT), the largest publicly listed restaurant operator in Central Europe, announced today (1st December 2016) that on November 30th, 2016 the Company signed an agreement with Kentucky Fried Chicken (Great Britain) Ltd., German Branch to acquire 15 of its equity stores in a EUR 10.3 million deal. The transaction is subject to customary regulatory approvals and closing conditions, which are expected to be satisfied within next couple of months.

In the opinion of Management Board of AmRest, this acquisition will accelerate the Company’s journey towards market leading position in Europe. Upon closing of the transaction, AmRest will further reinforce its position in prospective German market, where it already operates Starbucks and La Tagliatella brands.

“We are very happy about the opportunity which this agreement brings to AmRest and KFC brand. The 20+ years of experience in operating KFC restaurants by AmRest in a multicountry environment together with the great expertise of our Yum! partner in Germany gives us high confidence that this partnership will create a lot of value in the future for our guests, employees and shareholders. Our vision for Germany assumes rapid expansion over the next few years as the KFC brand is really well accepted by German Customers. We are also confident that our commitment to excellence in the way our restaurants are operated will help us elevate the Customer’s experience even further” – said Olgierd Danielewicz, KFC Brand President at AmRest.

Insa Klasing, General Manager KFC Germany commented: “AmRest has proved to be an extremely strong partner for KFC in our other European markets, and not only brings substantial financial resources with it, but also considerable know-how and a shared value system”.

AmRest’s intention is to leverage its strong expertise in operating KFC brand, acquired by operating more than 500 restaurants in 8 European countries, to substantially expand scale of this business in Germany. This transaction represents a perfect match with AmRest’s strategy and a true opportunity to enhance AmRest’s growth profile, which shall result in value accretion for the Company’s shareholders.

For further information please contact:

Michał Serwatka
IR and M&A Manager
+48 71 386 1246
michal.serwatka@amrest.eu

Source:  AmRest Holdings SE

DICK’S Sporting Goods acquires GameChanger Media as a new part of its Team Sports HQ suite of digital youth sports offerings

PITTSBURGH, 2016-Nov-29 — /EPR Retail News/ — DICK’S Sporting Goods (NYSE: DKS) announced today (November 28, 2016) the acquisition of GameChanger Media as a new part of its DICK’S Team Sports HQ suite of digital youth sports offerings.  GameChanger is a live scoring app that delivers data-driven coaching insights, live play-by-play updates and instant game recap stories for 165,000 amateur baseball and softball teams.

“We are very excited to acquire GameChanger to enhance our DICK’S Team Sports HQ platform.  GameChanger will allow us to provide the baseball and softball communities better tools and in-game information for coaches, players and fans alike,” said Edward W. Stack, Chairman & CEO, DICK’S Sporting Goods. “We believe the addition of GameChanger and its unique in-game mobile experience to DICK’S Team Sports HQ strongly supports our efforts to provide unparalleled technological capabilities to youth, prep teams and leagues across the country.”

“GameChanger exists to serve the needs of coaches, parents and volunteers who dedicate so much time and energy to amateur sports,” said Ted Sullivan, VP/CEO of GameChanger. “And now as part of the DICK’S Sporting Goods family, we look forward to further enhancing the youth sports experience for these team communities.”

DICK’S Team Sports HQ offers youth sports leagues, teams, coaches and parents across the country three key services – free league management services, including websites and online registration with free mobile app for scheduling and communications; custom uniforms and FanWear shops; and access to donations and sponsorships.

More information on Teams Sports HQ can be found by visiting dicks.com/TSHQ.

About DICK’S Sporting Goods, Inc.

Founded in 1948, DICK’S Sporting Goods, Inc. is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports equipment, apparel, footwear and accessories. As of October 29, 2016, the Company operated more than 675 DICK’S Sporting Goods locations across the United States, serving and inspiring athletes and outdoor enthusiasts to achieve their personal best through a blend of dedicated associates, in-store services and unique specialty shop-in-shops dedicated to Team Sports, Athletic Apparel, Golf, Lodge/Outdoor, Fitness and Footwear. Headquartered in Pittsburgh, PA, DICK’S also owns and operates Golf Galaxy, Field & Stream, True Runner and Chelsea Collective specialty stores and  DICK’S Team Sports HQ,  an all-in-one youth sports digital platform with free league management services, including websites and online registration with free mobile app for scheduling and communications; custom uniforms and FanWear shops; and access to donations and sponsorships.  DICK’S offers its products through a content-rich eCommerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.  For more information, visit the Press Room or Investor Relations at DICKS.com.

Contact:

press@dcsg.com
724-273-5552

Source:DICK’S Sporting Goods, Inc.

VIRGINIA: Weingarten Realty acquires site for its future premier mixed-use project The Gateway Alexandria

HOUSTON, 2016-Nov-16 — /EPR Retail News/ — Weingarten Realty (NYSE: WRI) announced today (11/14/2016 ) the acquisition of 5.2 acres of land at the corner of King and North Beauregard Streets that will be the site of The Gateway Alexandria (“Gateway”), a premier mixed-use project. Once completed, the project will feature 352 multi-housing units, 74 of which will be affordable units, 110,000 square feet of retail anchored by Harris Teeter, 87,000 square feet of office space and below-grade parking with 820 spaces. Weingarten’s net investment at completion is estimated to be $160 million and will include ownership in the retail, 275 luxury residences, and approximately 23,000 square feet of office space.

A Transit Oriented Development (TOD), Gateway is six miles from the Capital Beltway, five miles from downtown D.C., four miles from Old Town Alexandria and four miles from the Pentagon. In addition to the Metrobus and Dash Bus system, upon completion of the project, the site will be served via a new Bus Rapid Transit station that will connect the Pentagon Metro station to the Van Dorn Street station with designated stops at key intersections, including Gateway.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At September 30, 2016, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 224 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 45.2 million square feet of which our interests in these properties aggregated approximately 28.4 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company’s performance.

Contact:
Michelle Wiggs
713-866-6050
Vice President of Investor Relations

Source: Weingarten Realty Investors

SSP acquires 49% stake in Indian travel food and beverage operator, Travel Food Services Private Limited

United States, 2016-Oct-23 — /EPR Retail News/ — SSP Group plc1, a leading operator of food and beverage outlets in travel locations worldwide, has agreed to create a joint venture, whereby SSP will own a 49% stake in Travel Food Services Private Limited (“TFS”), a leading operator of food and beverage concessions in travel locations in India. SSP will acquire shares from the Kapur Family Trust, SNVK Properties Private Limited and KAPCO Caterers, part of the K Hospitality Group2 and subscribe for new shares in TFS3. K Hospitality operates a broad range of food and beverage outlets across India.

If you are a journalist and have a press enquiry, please call:
Templemere Public Relations
+44 (0) 1306 735574
press.office@ssp-intl.com

Source: SSP America

InvenTrust Properties Corp. acquires 61,000 square foot Northcross Commons in Huntersville, NC for approximately $31 million

OAK BROOK, Ill., 2016-Oct-20 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust or “the Company”) today (10/18/2016 ) announced that it has acquired Northcross Commons, a 61,000 square foot Whole Foods-anchored center located in Huntersville, NC, part of the Charlotte, NC metropolitan statistical area (“MSA”), for approximately $31 million.

“The property will improve our asset base and provide us with additional economies of scale in the Charlotte market. Northcross Commons builds on our hub-and-spoke strategy and is accretive to InvenTrust’s portfolio.” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust.

Christopher Covey, Senior Vice President of Transactions, added, “Northcross Commons is a fantastic addition to our existing Charlotte MSA properties, which include Poplin Place in Monroe and Sycamore Commons in Matthews. We believe this asset possesses the ideal combination of internet proof retailers, geographic location and demographics that will drive significant value over the long term to our investors. This acquisition is an excellent fit for us as it is a high performing grocer anchored asset in a location with a strong outlook for growth.”

Northcross Commons is located in Huntersville, NC, in the Charlotte MSA, just 15 miles north of downtown Charlotte.

ABOUT INVENTRUST PROPERTIES CORP.

InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer

Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

Cypress acquires 11.17 acres of land in Georgetown, TX as site of the new Oak Meadows Marketplace

Dallas, TX, 2016-Oct-15 — /EPR Retail News/ — Cypress Equities companies* announced today (October 12, 2016) that it has closed on the acquisition of approximately 11.17 acres located at the southwest corner of Williams Drive and Jim Hogg Road in Georgetown, TX. This parcel will be the site of the new Oak Meadows Marketplace.

Oak Meadows Marketplace will be a grocery-anchored complex, encompassing 77,050 square feet of retail and restaurant space. Randalls Food and Drug has an executed lease for 57,655 square feet and will be the project anchor. Cypress is currently undergoing negotiations with additional retail and restaurant tenants.

“The surrounding area demographics made this acquisition an attractive addition to the Cypress portfolio,” said Chris Maguire, chief executive officer for Cypress Equities. “Along with the commitment from Randalls as a strong grocery anchor for Oak Meadows Marketplace.”

Construction on Oak Meadows Marketplace is estimated to begin in January of 2017, with a completion date slated for November of 2017. SRS Real Estate Partners in Austin will be conducting leasing for the center.

Contact:

Tel: +1 (214) 561 8800
Email: cypress@cypressequities.com

Source: Cypress Equities

Shopify acquires Boltmade, Inc., a product design and development consultancy

Waterloo, Canada, 2016-Oct-04 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SH), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today (Oct 3, 2016) announced it has acquired privately held Boltmade, Inc., a product design and development consultancy based in Waterloo, Ontario. The acquisition of Boltmade will help accelerate the development of the Shopify Plus product offering. Shopify Plus offers high-growth, high-volume merchants a cloud-based, fully hosted enterprise commerce platform, without the limitations of legacy solutions.

“We first worked with the Boltmade team in early 2016 and quickly realized the team’s huge potential and depth of talent,” said Loren Padelford, VP of Shopify Plus. “Shopify is committed to investing in talent. The acquisition of Boltmade will bring a strong group of designers and engineers to Shopify Plus. We’re thrilled to have them join our team to help shape the future of commerce for larger merchants.”

Founded in 2013, Boltmade is a 21-person product-focused digital consulting firm that designs and builds software products for early stage startups to Fortune 500 companies. The Boltmade team will join the Shopify Plus office in Waterloo.

“Shopify has had a big impact on commerce by helping businesses of all sizes achieve success. Earlier this year, we jumped at the chance to work on a project with them,” said Jim Murphy, Founder and President of Boltmade. “We’re excited to be joining Shopify Plus to help some of the most recognizable, fastest-growing brands in the world sell billions of dollars of product.”

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 300,000 businesses in approximately 150 countries and is trusted by brands such as Tesla Motors, Red Bull, Nestle, GE, Kylie Jenner, and many more.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws, including statements regarding the acquisition by Shopify of Boltmade and the development of Shopify Plus. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on Shopify’s current expectations about future events, and on certain assumptions and analysis made by Shopify in light of current conditions and expected future developments and other factors management believes are appropriate. These expectations are subject to known and unknown risks, uncertainties, assumptions and other factors that could cause actual events to differ materially from those anticipated in these forward-looking statements. Although Shopify believes that the assumptions underlying these forward-looking statements are reasonable, they may prove to be incorrect, and readers cannot be assured that actual events will be consistent with these forward-looking statements. Actual events could differ materially from those projected in the forward-looking statements as a result of numerous factors, many of which are beyond Shopify’s control. The forward-looking statements contained in this news release represent Shopify’s expectations as of the date of this news release, or as of the date they are otherwise stated to be made, and subsequent events may cause these expectations to change. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Source: Shopify

Tractor Supply Company acquires leading specialty retailer of pet supplies and services Petsense, LLC

BRENTWOOD, TN, 2016-Oct-03 — /EPR Retail News/ — Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, today (09/29/16 ) announced that it has acquired 100% of Petsense, LLC, a leading specialty retailer of pet supplies and services with 136 stores in 25 states. The transaction price was approximately $116 million, net of acquired estimated future tax benefits of $29 million. The acquisition was a cash transaction financed with cash-on-hand and revolver debt. The transaction, including transaction and integration costs, is not expected to be material to Tractor Supply’s net earnings per diluted share for fiscal 2016.

Petsense will operate as a subsidiary of Tractor Supply Company from Petsense’s current headquarters in Scottsdale, Arizona and will continue to be led by members of Petsense’s senior management team. Tractor Supply plans to continue to grow the Petsense store base at a target rate of 15% to 20% annually and will convert its two existing HomeTown Pet stores to Petsense stores.

Greg Sandfort, Tractor Supply Company’s Chief Executive Officer, stated, “We are excited about the addition of Petsense to the Tractor Supply family as we develop our pet specialty retail business. The pet industry represents a $60 billion market driven by favorable pet ownership trends and the continued humanization of pets by their owners. We believe the pet specialty industry is an attractive expansion opportunity and, with 136 stores across 25 states, we think Petsense is an excellent complement to our Tractor Supply retail operations.”

Mr. Sandfort continued, “With Tractor Supply’s success in the pet category and the knowledge gained from our HomeTown Pet stores, we determined that the acquisition of an established, successful concept with a proven track record of growth would be the best way to capitalize on the opportunities in the pet market. We believe the Petsense team’s expertise in growing smaller format pet specialty stores combined with our proven expertise in the category as well as site selection and store growth, will enable us to accelerate the growth of our pet specialty retail business and enhance long-term shareholder value.”

Bob Angstead, President and Chief Executive Officer of Petsense stated, “As we looked at the future for Petsense, we recognized Tractor Supply Company as a natural fit to continue our growth. The Tractor Supply team has a strong culture, and we share many of the same values, as well as an appreciation of the opportunities presented by smaller towns and communities. Additionally, the Tractor Supply team has the experience and resources to help expand Petsense to the many untapped markets across the country.”

Peter J. Solomon Company acted as exclusive financial advisor and Bass, Berry & Sims PLC acted as legal advisor to Tractor Supply Company. William Blair & Company acted as exclusive financial advisor and Jenner & Block acted as legal advisor to Petsense.

Conference Call to Discuss Acquisition
Tractor Supply Company will host a conference call on September 29, 2016, at 5:00 p.m. Eastern Time to discuss the transaction, which will be broadcast simultaneously over the Internet on the Company’s website at IR.TractorSupply.com.

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.

A replay of the webcast will also be available at IR.TractorSupply.com shortly after the conference call concludes.

About Tractor Supply Company
At September 24, 2016, Tractor Supply Company operated 1,575 stores in 49 states. The Company’s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers and others who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located primarily in towns outlying major metropolitan markets and in rural communities. The Company offers the following comprehensive selection of merchandise: (1) equine, livestock, pet and small animal products, including items necessary for their health, care, growth and containment; (2) hardware, truck, towing and tool products; (3) seasonal products, including heating, lawn and garden items, power equipment, gifts and toys; (4) work/recreational clothing and footwear; and (5) maintenance products for agricultural and rural use. For more information, visit www.tractorsupply.com.

About Petsense
Founded in 2005 in Scottsdale, Arizona, Petsense is a small-box pet specialty supply retailer with 136 stores in primarily small and mid-size communities across 25 states. Petsense stores are focused on meeting the needs of pet owners and offer a variety of pet products and services. For more information, visit www.petsense.us.

Forward Looking Statements
As with any business, all phases of the Company’s operations are subject to influences outside its control. This release contains certain forward-looking statements, including statements regarding the attractiveness and potential profitability of the pet specialty industry, plans to grow the Petsense business, and expected store openings and conversions. These forward-looking statements are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and may be affected by certain risks and uncertainties, any one, or a combination, of which could materially affect the results of the Company’s operations. These factors include, without limitation, the failure of an acquisition to produce anticipated results, the ability to open new stores in the manner and number currently contemplated, the ability to successfully integrate the acquired business and the potential effects caused by the diversion of management’s time and attention from other business issues and opportunities, general economic conditions affecting consumer spending, the timing and acceptance of new products in the stores, the timing and mix of goods sold, purchase price volatility (including inflationary and deflationary pressures), the ability to increase sales at existing stores, the ability to manage growth and identify suitable locations, the ability to successfully manage expenses and execute our key gross margin enhancing initiatives, the availability of favorable credit sources, capital market conditions in general, the impact of new stores on our business, competition, weather conditions, the seasonal nature of our business, effective merchandising initiatives and marketing emphasis, the ability to retain vendors, reliance on foreign suppliers, the ability to attract, train and retain qualified employees, product liability and other claims, changes in federal, state or local regulations, potential judgments, fines, legal fees and other costs, breach of information systems or theft of customer data, ongoing and potential future legal or regulatory proceedings, management of our information systems, failure to secure or develop and implement new technologies, the failure of customer-facing technology systems, business disruption including from the implementation of supply chain technologies, effective tax rate changes and results of examination by taxing authorities, the ability to maintain an effective system of internal control over financial reporting, changes in accounting standards, assumptions and estimates. Forward-looking statements made by or on behalf of the Company are based on knowledge of its business and the environment in which it operates, but because of the factors listed above, actual results could differ materially from those reflected by any forward-looking statements. Consequently, all of the forward-looking statements made are qualified by these cautionary statements and those contained in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. There can be no assurance that the results or developments anticipated by the Company, including the ability to realize anticipated tax benefits in connection with the acquisition will be realized or, even if substantially realized, that they will have the expected consequences to or effects on the Company or its business and operations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

Anthony F. Crudele
Chief Financial Officer
Christine Skold
Vice President, Investor Relations
(615) 440-4000
www.TractorSupply.com

Investors:
John Rouleau/Rachel Schacter
ICR

Media:
Alecia Pulman/Brittany Rae Fraser
ICR
(203) 682-8200

Source: Tractor Supply Company

Rakuten acquires 100% stake in Fablic, inc. provider of consumer-to-consumer marketplace mobile app FRIL

Tokyo, 2016-Sep-05 — /EPR Retail News/ — Rakuten, Inc. (TSE: 4755) announced that it has acquired a 100% stake in Fablic, inc., provider of FRIL, a consumer-to-consumer (C2C) marketplace mobile app and has made the company a wholly-owned subsidiary. The acquisition price is undisclosed.

The C2C e-commerce market continues to shift toward mobile services that make buying and selling simpler. Japan is also seeing an increase in popularity in C2C marketplace platforms that make it possible to buy and sell speedily and at predetermined prices, as well as a transition away from auction services that involve a bidding process. FRIL was launched as Japan’s first C2C marketplace mobile app in July 2012, and since then has been steadily growing its user base, with cumulative downloads of the app now exceeding 5 million. In November 2014, Rakuten also launched Rakuma, a C2C marketplace app for use mainly on smartphones, and this is also seeing a rapid expansion in gross merchandise sales (GMS).

“With our leading position in e-commerce in Japan, the addition of Fablic to the Rakuten Group will accelerate the already dynamic development of C2C services in Japan and the Rakuten ecosystem,” commented Hiroshi Mikitani, Chairman and CEO, Rakuten, Inc.

The combined monthly GMS of the two companies’ services already exceed several billion yen, as at the end of July 2016.

FRIL has focused on the fashion and beauty product genres since launch, building a large user following among women, particularly in the late teens to 20s segments. Rakuma enjoys a broad user base spread uniformly across diverse product genres.

Rakuten is currently planning to allow users to use their Rakuten member ID to log into FRIL, and implement point campaigns utilizing Rakuten Super Points. These features are already integral to the Rakuma platform. This will contribute to enhanced convenience for FRIL users and broaden Rakuten Group’s overall user base, thus leading to the expansion of the Rakuten Ecosystem.

“By leveraging Rakuten’s expertise and user base and our unique resources as a key player in the development of Japan’s dynamic C2C market, we aim to improve the FRIL service offering for both new and existing users,” said Shota Horii, CEO of Fablic. “We are already exploring ways to collaborate that will enable us to draw on the customer bases and respective strengths of both Fablic and the Rakuten ecosystem, enhancing usability and convenience for all users.”

About Rakuten
Rakuten, Inc. (TSE: 4755) is one of the world’s leading Internet services companies, offering a wide variety of services for consumers and businesses with a focus on e-commerce, finance, and digital content. Since 2012, Rakuten has been ranked among the world’s ‘Top 20 Most Innovative Companies’ in Forbes magazine’s annual list. Rakuten is expanding worldwide and currently operates throughout Asia, Europe, the Americas and Oceania. Founded in 1997, Rakuten is headquartered in Tokyo, with over 13,000 employees worldwide.

For more information, visit: http://global.rakuten.com/corp/

About Fablic, inc.
Fablic, inc., established in April 2012, is a provider of FRIL, a C2C flea market app focused on the fashion and beauty product genres, and RIDE, a motorcycle flea market app. Fablic enjoys a strong reputation from various platforms as a smartphone app developer. It has a track record of being selected for the yearly Google Play Awards on the Google Play Store, and was the first*1 Japanese app developer to be selected by Google for the Android Developer Story series*2.

For more information, visit: https://fablic.co.jp/company
*1 The first app developer in Japan to be selected for a non-game app
*2 The Android Developer Story selection video:
https://www.youtube.com/watch?v=PZqzvs-AXYA

Source: Rakuten, Inc.

 

InvenTrust Properties Corp. acquires Windward Commons a Kroger-anchored retail center in Alpharetta, GA

OAK BROOK, Ill., 2016-Sep-05 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust or “the Company”) today (09/01/2016) announced that it has acquired Windward Commons, a 99% occupied, 117,234 square foot Kroger-anchored retail center in Alpharetta, GA, for $27.65 million.

“We are excited to announce the acquisition of Windward Commons, a premier retail center in one of the nation’s fastest-growing MSAs, anchored by the nation’s largest grocer,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “Windward Commons represents an attractive opportunity for InvenTrust to increase its presence in an affluent submarket location with favorable job, population and income demographics.”

Christopher Covey, Senior Vice President of Transactions, added, “Windward Commons is located at one of the area’s busiest intersections on a main thoroughfare connecting downtown Atlanta with the northern suburbs. A stable tenant base and long average tenant duration are added benefits of this property. The acquisition of Windward Commons is an exciting opportunity that we anticipate will drive long term value for our investors.”

Windward Commons is located approximately 29 miles north of Atlanta’s central business district. The retail center is anchored by Kroger with other tenants including Hallmark, Roasters and Ippolito’s Italian Restaurant.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

Contact:
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

InvenTrust Properties Corp. acquires Old Grove Marketplace a grocery-anchored community center in Oceanside, California

OAK BROOK, Ill., 2016-Aug-31 — /EPR Retail News/ — InvenTrust Properties Corp. (“InvenTrust” or “the Company”) today ( 08/29/2016) announced that it has acquired Old Grove Marketplace, a 91% leased, 81,279 square foot grocery anchored community center located in Oceanside, California, for approximately $23.25 million.

“We are excited to announce the acquisition of Old Grove Marketplace, a center with a core grocer in a highly attractive and fast-growing Californian market,” said Michael E. Podboy, Executive Vice President – Chief Financial Officer, Chief Investment Officer of InvenTrust. “The property’s rental rates and income demographics are accretive to our portfolio averages and we believe that this acquisition will help to provide operational economies of scale as the Company continues to build its California asset base.”

Christopher Covey, SVP of Transactions, added, “Old Grove Marketplace is advantageously situated in the third largest city in San Diego County, in an area with a number of established employers as well as a frequented U.S. Military base. We believe this property possesses the ideal combination of established retailers, geographic location and demographic attributes in order to drive significant long term value for our stockholders.”

Old Grove Marketplace is a grocery-anchored community center located in Oceanside, CA, just 35 miles north of San Diego. The property is anchored by Kroger’s Ralphs brand and Lowe’s. Originally built in 2005, the property also features other national tenants such as US Bank, Starbucks, Subway, H&R Block, AT&T, McDonald’s and Shell.

ABOUT INVENTRUST PROPERTIES CORP.
InvenTrust Properties Corp. is a pure-play retail company with a focus on acquiring open-air centers with a disciplined approach, in key growth markets with favorable demographics. This acquisition strategy, along with our innovative and collaborative property management approach, ensures the success of both our tenants and business partners and drives net operating income growth for the Company. InvenTrust became a self-managed real estate investment trust in 2014 and, as of June 30, 2016, is an owner and manager of 91 multi-tenant retail properties, comprising 15.7 million square feet of retail space.

Forward-Looking Statements Disclaimer
Forward-looking statements in this press release, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representation, plans or predictions of the future and are typically identified by words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, among others, our ability to integrate and successfully operate acquired properties and the risks associated with such properties. For further discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see our filings with the Securities and Exchange Commission, including the Risk Factors included in our most recent Annual Report on Form 10-K. We intend that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, except as may be required by applicable law. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this release. We undertake no obligation to update publicly any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

MEDIA CONTACT:
InvenTrust Properties Corp.
Dan Lombardo
630-570-0605
dan.lombardo@InvenTrustProperties.com

Source: InvenTrust Properties Corp.

The Dairy Farm Company acquires 286,934,440 shares in Yonghui Superstores Co., Ltd for US$190 million

Hong Kong, 2016-Aug-16 — /EPR Retail News/ —  Dairy Farm International Holdings Limited today announced that its wholly-owned subsidiary, The Dairy Farm Company, Limited, has completed the acquisition of a further 286,934,440 shares in Yonghui Superstores Co., Ltd (‘Yonghui’) for a consideration of approximately US$190 million.

The acquisition, which is alongside an acquisition by JD.com of a 10% interest and by Mr. Zhang Xuansong, the Chairman of Yonghui, of a 2% interest, maintains Dairy Farm’s shareholding in Yonghui at 19.99%.

The acquisition was first announced on 7th August 2015, and had been subject to the receipt of the necessary regulatory approvals. The number of shares subscribed by Dairy Farm was adjusted from the amount originally announced to take account of a bonus issue of shares made by Yonghui in June 2016.

Yonghui is a Shanghai-listed hypermarket and supermarket operator based in Fuzhou, Fujian province in mainland China. As at 31st March 2016, Yonghui operated 412 retail outlets across China.

Dairy Farm is a leading pan-Asian retailer. The Group, together with its associates and joint ventures, operates some 6,500 outlets – including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing over 180,000 people, and had total annual sales in 2015 exceeding US$17 billion. Dairy Farm International Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange as its primary listing, with secondary listings in Bermuda and Singapore. It is a member of the Jardine Matheson Group.

For further information, please contact:

Dairy Farm Management Services Limited
Lancy Ng
(852) 2299 3011 Brunswick Group Limited

Siobhan Xiaohui Zheng
(852) 3512 5044

This and other Group announcements can be accessed through the Internet at ‘www.dairyfarmgroup.com’.

Source: Dairy Farm International Holdings Limited

METRO GROUP acquires a stake in Munich-based startup Shore

Düsseldorf, Germany, 2016-Aug-03 — /EPR Retail News/ — METRO GROUP acquires a stake in the Munich-based start-up Shore, a market leader in web-based business solutions for local service providers in Europe. Shore supports small and medium-sized businesses and service providers with a cloud-based software that allows them to digitally manage their business processes. The investment in Shore is a further element of METRO GROUP’s commitment to promoting digital business models for the customers of METRO GROUP.

“Shore offers digital solutions and services aimed at simplifying and optimizing our customers’ business processes. Shore and METRO want to take the business of local service providers to the next level with digital solutions”, says Olaf Koch, Chairman of the Management Board of METRO AG. “The investment in Shore represents a further element to drive digitalization, especially in the hotel and restaurant sector.”

Alexander Henn, founder and Managing Director of Shore adds: “We are very pleased about METRO’s investment. For us it represents not only a confirmation of the quality of our software solutions, but also underscores our ambition of becoming the leading provider for the digitalisation of small, local service providers.”

Founded in 2012, the Munich-based start-up Shore has grown to become a market leader in cloud-based software for small and medium-sized businesses and local service providers in Europe. Shore offers a simple, user-friendly and, most of all, inexpensive access to a digital communication and productivity software for this target group. The product offering ranges from online booking to customer relationship management all the way to marketing tools and an efficient, iPad-assisted cash system. Restaurant owners are an important customer group for Shore services solutions.

As it does not require any IT know-how, Shore also enables small businesses to benefit from the potential offered by digital solutions, and grow. At more than 10,000 locations around one million bookings per month are meanwhile managed via the Shore platform.

METRO GROUP, which is operating in 25 countries worldwide with its sales line METRO Cash & Carry and has access to 21 million active wholesale customers, invests selectively into digital business models for its customers from the hotel and restaurant sector who benefit from digital services for their own business operations. To further drive the digitalization in the catering industry the company already back in 2015 initiated the “METRO Accelerator”, a program aimed at promoting start-ups with digital solutions for the hospitality sector, which will kick off its second round in September.

METRO GROUP is one of the most important international retailing companies. It generated sales of some €59 billion in financial year 2014/15. The company operates over 2,000 locations in 29 countries and employs more than 220,000 people. The performance of METRO GROUP is based on the strength of its sales brands, which act independently on the market: METRO/MAKRO Cash & Carry, the international leader in the self-service wholesale trade; Media Market and Saturn, the European market leader in consumer electronics retailing; and Real hypermarkets.

More information on www.metrogroup.de

The Munich-based start-up Shore offers local service-providers non-sector specific software solutions as a basis for enhanced productivity, optimised customer communication and growing sales. Shore thus enables restaurant owners, hairdressers, sports service providers, medical professionals, crafts businesses and a multitude of other service companies to benefit from the advantages and opportunities of digitalisation. In addition, Shore cooperates with various largescale customers who use its solutions for their respective store networks. The user-friendly, efficient and inexpensive software solutions range from online appointment booking to a wellstructured customer relationship management through to an iPad based cash system. Founded in 2012, the software specialist increased its workforce to more than 200 employees and today already operates offices in 10 European countries. In addition, the first US center was opened in Los Angeles in 2015.

More information on www.shore.com

Contact:
Media Department
Telephone: +49 211 6886-4252
Telefax: +49 211 6886-2001
E-Mail: METRO GROUP: presse@metro.de

Source: Metro Group

Maxima Bulgaria acquires 12 stores from the German retail chain Penny Market

Vilnius, Lithuania, 2016-Aug-02 — /EPR Retail News/ — Maxima Bulgaria, one of the companies of Maxima Grupė, acquired 12 stores, which previously belonged to the German retail chain Penny Market. This year they will become a part of T Market chain. After the transaction, the company’s chain in Bulgaria will increase from 48 to 60 stores. In the acquisition, reconstruction and fitting out of the new stores, the company has invested 7.6 mill. euros. More than 200 new jobs will be created.

“The retail sales market in Bulgaria is very competitive. We can see even international chains unable to withstand the competition and retreat, whereas T Market is becoming increasingly popular in Bulgaria. The shoppers appreciate the format of our shops due to small prices, constant quality of products, regularly updated assortment and good supply of local produce”, tells the CEO of Maxima Grupė Alvydas Šustikas.

Maxima Bulgaria has bought three and leased nine stores, previously owned by the German retail chain Penny Market, which is leaving the Bulgarian market. The taken over shops were chosen in consideration of their location, possibility to attract new customer flows and suitability of premises for the T Market store format.

As a result of the acquisition, Maxima Bulgaria will expand the geography of its operations and the extended network will cover the majority of the country. New stores will be opened in Sophia and 11 smaller cities, where T Market has not operated before.

The transaction has already been approved by the Bulgarian Commission on Protection of Competition. Maxima Bulgaria plans to invite the shoppers to the renovated stores in September-October.

In consideration of the buyer needs, Maxima Grupė is expanding the neighbourhood store network in Bulgaria. Here, a policy of low prices and beneficial promotions is pursued and the best quality and price ratio is offered. The stores are established in convenient, densely populated and easily accessible locations near the shoppers’ homes. Each store offers an assortment of 4,500–7,000 different product names, with the major part of them being products of local producers.

Last year, Maxima Bulgaria celebrated its tenth anniversary of operations in Bulgaria. In 2015, its annual turnover increased by 10.4 % to 72.4 mill. euros excl. VAT. Last year, Maxima Grupė invested 2.3 mill. euros in the development and support of business in Bulgaria. The investments were focused on the launching of four new stores and renovation of the existing stores.

Maxima Grupė is a holding company founded in 2007. It controls retail trade companies in Lithuania, Latvia, Estonia, Poland and Bulgaria. Currently, the Group owns 532 stores Maxima X, Maxima XX, Maxima XXX, Aldik, and T Market: 233 in Lithuania, 149 in Latvia, 74 in Estonia, 48 in Bulgaria, and 28 in Poland. Companies of the Group employ more than 31,000 people.

Press Contact:
Giedrius Juozapavičius
Corporate Affairs Manager | Maxima Grupė
+37065915118
Giedrius.Juozapavicius@maximagrupe.eu

Source: Maxima Grupė

 

EOS Group acquires debt collection service provider Contentia in France and Belgium

Hamburg, 2016-Jul-11 — /EPR Retail News/ — On 1 July 2016, the international EOS Group acquired 100% of the shares in debt collection service provider Contentia in France and Belgium. The EOS Group already has a successful debt collection company in each of the two countries.

“With the takeover of Contentia, EOS is reinforcing its position as one of the leading providers of receivables management on the French and Belgian markets,” says Dr Andreas Witzig, Member of the EOS Group’s Board of Directors with responsibility for Western Europe.

The products and customer segments of EOS and Contentia complement one another perfectly. EOS Credirec in France and EOS Aremas in Belgium specialise in the banking and consumer finance segments. Having Contentia as its partner will enable EOS to extend its range of services, for example with a view to expanding collections in the utility, healthcare and telecommunications segments. But it is not just in the local markets that this additional area of business represents an important gain for EOS. “Thanks to our international network, customers worldwide will benefit from the diversification of our services in France and Belgium,” says Dr Witzig.

Contentia is one of the top three debt collection companies on the French and Belgian markets and has an excellent reputation. The sale to the EOS Group opens up real opportunities for growth for Contentia and boosts the company’s competitiveness. “As part of the EOS Group, Contentia will have access to new markets and can increase its market share,” explains Eric Platiau, Chief Executive of Argosyn, the company selling Contentia. The sale follows the company’s decision to withdraw from the debt collecting business, which is neither a core activity nor a strategic growth area for the financial services provider.

EOS is a member of the Otto Group and Otto Group also holds the majority in Argosyn. Until now, however, the two companies have been working independently of one another. With Contentia as part of the EOS Group, the debt collection companies can implement a common strategy in the relevant markets.

Contact:

Cornelia Claußen
Public Relations Consultant
Tel.: +49 40 2850-1685
Email: c.claussen@eos-solutions.com

Laya Moghaddam
Senior Public Relations Consultant
Tel.: +49 40 2850-1997
E-Mail: l.moghaddam@eos-solutions.com

Source: EOS