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David’s Bridal Shakes up Leadership Team with New COO and CFO

Retail TouchPoints

The promoted executives include: Bob Walker, who joined David’s Bridal in 2019 as Chief Retail Officer, has been promoted to COO. The retailer, which filed for bankruptcy in April 2023, was purchased by CION Investment Corp. in July 2023. She will report to Marcum and brings more than two decades of marketing and ecommerce experience.

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Target Names New COO, Divvies Up Merchandising Responsibilities

Retail TouchPoints

Target has tapped Michael Fiddelke, who has served as the retailer’s CFO since November 2019, to add the COO role to his responsibilities. He will wear both hats until Target names a new finance chief. He has held a variety of leadership positions across the organization, most recently as SVP of Operations.

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Kohl’s, Franchise Group Enter Exclusive Negotiation Period at $8 Billion Purchase Price

Retail TouchPoints

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Backing for the deal reportedly came from investment firm Vintage Capital Management LLC, which has a 12.3%

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Francesca’s to Exit Bankruptcy With Half its Remaining Stores Following $18 Million Acquisition

Retail TouchPoints

The retailer’s new owners plan to continue operating its corporate offices and will keep its management team and nearly all employees on board, according to The Wall Street Journal. Francesca’s entered into a $110 million loan credit agreement with Tiger Finance in August 2019 to enable a turnaround without the need for bankruptcy.

Finance 254
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Bed Bath & Beyond Prepares to Wind Down Operations in Chapter 11

Retail TouchPoints

The retailer has received a commitment of approximately $240 million in debtor-in-possession financing from Sixth Street Specialty Lending to provide the necessary liquidity to support operations during the Chapter 11 process.

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Dollar General promotes 18 executives

Mass Relators

In this role, she will continue to support DG’s store operations team, which now encompasses more than 20,000 retail stores including pOpshelf and Mexico. Amanda Mathis has joined Dollar General as senior vice president, finance. . — Dollar General has promoted 18 executives to new roles at the company.

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Kohl’s Reaches Agreement with Activist Investors, Names Three New Board Members

Retail TouchPoints

The group of investors — which include Macellum Advisors GP, Ancora Holdings, Legion Partners Asset Management and 4010 Capital — collectively own 9.3% She also has served as CMO of Denny’s and El Pollo Loco, and held several management positions at Taco Bell and PepsiCo. of Kohl’s stock. Kingsbury will join this committee.

Finance 164