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Rebag Invests in Retail Expansion, Plans to Open 25 New Stores

New York City — Rebag, the ultimate destination for buying and selling luxury handbags, has raised $25 million in Series C funding, bringing its total funding raised to $52 million. Led by private equity firm Novator, this round also includes existing investors General Catalyst and FJ Labs. As part of its investment, the digital-native retailer plans to expand its brick-and-mortar presence to 30 locations.

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PRSM Association Releases 'Best of Janitorial' Best Practices

Dallas — The Professional Retail Store Maintenance Association (PRSM), the authority on retail, multi-site facilities management, has released its newest publication, Best Practices: Janitorial, a collection of PRSM's most actionable and dependable case studies that support facilities management professionals as they develop and execute janitorial programs.

JOANN Stores Names President & CEO

Hudson, Ohio — JOANN Stores, the nation’s leading fabric and craft specialty retailer, has named Wade Miquelon as president, CEO and a member of the board of directors. Miquelon was appointed interim president and CEO in October 2018, in addition to continuing in his role as executive vice president and CFO, and led JOANN through a successful holiday season.

Charlotte Russe Files for Chapter 11; Intends to Close 94 Stores

San Francisco — On February 3, 2019, Charlotte Russe Holdings Corporation voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. The company plans to close approximately 94 of its 500+ stores.

Regatta Harbour to Introduce “Top Chef” Jeremy Ford’s New Restaurant: Afishonado

Miami — The TREO Group, a privately-held real estate investment firm headquartered in Miami, has signed a lease for celebrity chef Jeremy Ford’s new restaurant concept, Afishonado, at Regatta Harbour, the mixed-use development transforming Coconut Grove’s waterfront. The development team partnered with Grove Bay Hospitality Group to bring the Bravo TV “Top Chef” winner to the destination in a significant next step to revolutionize the area’s waterfront with culinary experiences and more.

The Michaels Companies to Close All 36 Pat Catan’s Arts & Craft Stores

Irving, Texas — The Michaels Companies, Inc. has decided to close all of its Pat Catan’s stores in the fourth quarter of fiscal 2018. Pat Catan’s is a 36-store retail supplier of arts and crafts in Ohio and surrounding states. The company intends to rebrand up to 12 of the closed Pat Catan’s stores and reopen them under the Michaels banner.

Hudson Group Wins 10-Year Contract to Bring New Retail to Indianapolis International Airport

East Rutherford, N.J. — Hudson Group, a leader in North American travel retail, has won new business at Indianapolis International Airport (IND), bringing national brands and unique retail concepts to the Hoosier state. The 10-year contract, which is part of the airport’s concessions refresh program, includes nine stores and nearly 9,000 incremental square feet.

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