investment

Retail
Lampert’s Hedge Fund Eyeing Sears Assets

Sears Holdings Corp. and its board of directors have received a letter from ESL Investments expressing the view that the company should pursue a divestiture of all or a portion of its Kenmore brand and related assets, the Sears Home Improvement business of the Sears Home Services division (SHIP) and the PartsDirect business of the Sears Home Services division.

Retail
True Value, ACON Complete Investment Deal

True Value Company and ACON Investments have finalized a new strategic partnership, which the companies said will accelerate the transformation of True Value and create the only branded national hardware wholesaler without a membership requirement.

Retail
True Value, ACON Strike Investment Deal

True Value Co. and ACON Investments, a private equity investment firm, have entered into a definitive agreement based on a major strategic investment in the retailer-owned cooperative’s operating company.

Retail
Pier 1 Responds To Alden Demands

Pier 1 Imports has issued a statement in response to a public letter received by its board of directors from Alden Global Capital regarding that investment group’s call for changes to the retailer’s board of directors.

Retail
Walmart: Momentum, Investments Will Drive Results

As part of its 2016 investment community meeting, Wal-Mart Stores said it plans to outline the company’s strategic framework to its omnichannel strategy, which includes continued investment in digital products and integration of Jet.com into more comprehensive Internet operations.

Retail
Alden Global Capital Takes Stake In Pier 1 Imports

In a filing with the United States Securities and Exchange Commission, Alden Global Capital revealed that it has purchased 7.9 million shares of Pier 1 Imports stock, taking a 9.5% stake in the company, and expressed a desire to become involved in directing the retailer’s business.

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