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Casper Appoints New CEO in Leadup to Acquisition by Durational Capital Management

Retail TouchPoints

Casper Sleep has entered into a definitive agreement to be acquired by Durational Capital Management LP , which will take the mattress retailer private. The company has yet to turn a profit — its annual loss narrowed from $93 million in 2019 to $90 million in 2020, and it lost $25.3 Durational Capital will pay $6.90

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Lettings announced at Telford Centre

Retail Focus

Orion Capital Managers has announced a number of significant lettings at its Telford Centre so helping footfall recover to near 2019 levels at the 1 million sq ft destination. Following an active asset management strategy led by Sovereign Centros, new occupiers have now been found for all three stores.

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Macellum Advisors Nominates 10 Directors to Kohl’s Board, Questions Rejection of Acquisition Bids

Retail TouchPoints

Activist investor Macellum Advisors has nominated a slate of 10 independent candidates for the Kohl’s Board of Directors as the firm continues pressuring Kohl’s to seek strategic alternatives for its business. Keep in mind that Kohl’s has not generated same-store sales growth for a decade,” said Macellum.

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Rough Week for Retail CEOs: Top Execs Out at Petco, Under Armour, Fossil

Retail TouchPoints

It was a tough week to be at the top in retail with a number of companies announcing CEO switch-ups following disappointing performances, including Petco , Under Armour , Fossil Group and, as Retail TouchPoints previously reported, Allbirds. This will be the third CEO switch-up at the company in nearly as many years.

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Jollyes Agrees New 10 year Contract with Supply Chain Partner Wincanton

365 Retail

Jollyes today (20 March) confirms it has agreed on a new 10-year logistics partnership with supply chain partner Wincanton. Since 2019, Wincanton has provided warehouse and distribution services, providing store fulfilment to Jollyes stores across Great Britain and Northern Ireland.

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Richemont posts record sales, appoints new CEO

Inside Retail

Switzerland-based luxury goods company Richemont has announced several changes to its board and management team after reporting record sales for the year ended March 31. Group sales increased by 3 per cent (up 8 per cent at constant exchange rates) to €20.6 billion, up 13 per cent at constant exchange rates. billion ($33.5

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New Bershka store opens doors at Blanchardstown Centre

Retail Focus

Bershka, the international fashion retailer, today opens the doors to its new store at Blanchardstown Centre, Dublin’s largest retail and leisure destination. The news follows the recent opening of ZARA’s largest store in Ireland at the centre. It is exactly the type of retailer we want at Blanchardstown Centre. million sq ft.

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