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Retail

Outlet CollectionJersey Gardens working to update its image by upgrading its design

And no, we’re not talking about American Dream. Nearly 15 years after opening in Elizabeth, the Jersey Gardens outlet mall has quietly received a $30 million makeover from its owner, Glimcher Realty Trust. The effort comes as two other colossal, long-awaited retail projects grab headlines and loom on the horizon in New Jersey, but executives ...

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Maidenform shareholders approve 575M purchase by Hanes

Stockholders voted at a special meeting today to allow the proposed merger to proceed, in which Hanes will acquire all outstanding shares of Maidenform common stock for $23.50 per share in cash.According to the announcement, an overwhelming majority of votes cast favored the transaction. Votes were tallied from shareholders of the company’s common stocks as ...

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Pinnacle closes 575M Wish-Bone acquisition from Unilever

According to the announcement, the acquisition was funded through a combination of cash on hand and new debt. The new debt consists of a $525 million term loan, due 2020. In making the announcement, Pinnacle reaffirmed its outlook for Wish-Bone to be $0.01-$0.02 accretive to EPS in the fourth quarter of fiscal 2013. In addition, ...

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Burlington Stores Inc. prices IPO at up to 260M

This pricing values the company at as much as $260 million. The company expects to receive approximately $205 million from the offering, and intends to use the net proceeds, along with cash on hand, to primarily redeem outstanding indebtedness, Burlington said in a statement. According to the announcement, the shares will be listed on the ...

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