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WHP Global and EXPR to Acquire Bonobos from Walmart for $75 Million

by Katie Lee

Columbus, Ohio, and New York City — Parent company of fashion apparel retailer Express, Inc., EXPR, and global brand management firm, WHP Global have entered a definitive agreement to acquire menswear brand Bonobos, Inc. from Walmart Inc., for a combined $75 million. This is the first acquisition to be made jointly by WHP Global and EXPR since finalizing their strategic partnership earlier this year. Bonobos, founded in 2007 and acquired by Walmart in 2017, distinguished itself in the menswear category based on product fit, customer experience and the innovative Guideshop …

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Starbucks Appoints Executive Vice President and General Counsel

by Katie Lee

Seattle — Starbucks Coffee Company has appointed Brad Lerman as executive vice president and general counsel following an extensive internal and external search. Lerman will serve on the executive leadership team, reporting directly to CEO Laxman Narasimhan, effective May 8, 2023. Lerman joins the company with over three decades of legal and regulatory experience in both the public and private sector. Most recently, Lerman was senior vice president, general counsel and corporate secretary of Medtronic, a healthcare technology provider. He has also served in similar leadership roles at the Federal …

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Nordstrom Rack to Open 5 New California Stores

by Katie Lee

Seattle — Seattle-based fashion retailer Nordstrom, Inc. plans to open four new Nordstrom Rack stores in 2024 and one in 2025, all in California. The new stores will be located in the California cities of Davis, Elk Grove, Gilroy, Oceanside and San Mateo. “We look forward to opening these new Nordstrom Rack locations, strengthening our network of stores and introducing new customers to Nordstrom Rack’s unique product offering,” says Carl Jenkins, senior vice president of Nordstrom Rack Stores. “In addition to shopping great brands at great prices, our customers in …

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Playa Bowls Names New Chief Executive Officer

by Katie Lee

Belmar, N.J. — Playa Bowls, a leading superfruit bowl shop, has appointed Dan Harmon as its new chief executive officer. As CEO, Harmon will leverage his extensive industry experience to accelerate the company’s overall growth strategies and performance. He succeeds Playa Bowls’ co-founder Rob Giuliani, who will remain engaged in the business as chief innovation officer and continue to play a critical role in Playa Bowls’ strategic development. “Harmon has an exceptional reputation for exceeding business objectives and franchisee relationships in the restaurant industry and will be a valuable asset …

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Leslie’s Opens 1,000th Store to Mark 60th Anniversary

by Katie Lee

Phoenix — Leslie’s, Inc., the largest direct-to-consumer brand in the U.S. pool and spa care industry, is turning 60. The company also has opened its 1,000th store. Leslie’s was founded in 1963 by Phil Leslie Jr. as a single location in Los Angeles. The retailer has grown to a 1,000-store chain across 37 states, providing pool owners and professionals with everything they need to keep pools and spas clean, safe and beautiful. The company opened its 1,000th store in early April in North Port, Fla. Leslie’s is well known for …

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Energy Efficiency Leader Joins Budderfly as Chief Operating Officer

by Katie Lee

Shelton, Conn. — Budderfly, a premier sustainability partner for businesses with repeatable footprints, has added energy services leader Scott Avirett as its new chief operating officer (COO). Avirett will lead the development and implementation of an integrated customer experience and delivery strategy to ensure operational excellence and meet rapidly growing demand for Budderfly’s sustainability services across North America. Avirett brings two decades of global experience in sustainable energy & infrastructure operations and general management to Budderfly. He previously built and led high-performance teams at Johnson Controls and Energy Systems Group …

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Chipotle Pilots New Responsible Restaurant Design Alongside Sustainability Campaign

by Katie Lee

Newport Beach, Calif. — Chipotle Mexican Grill has unveiled a new all-electric restaurant design that works to maximize energy efficiency in its equipment and systems and utilizes 100% renewable energy from wind power and solar through the purchase of certified renewable energy credits. The company recently opened restaurants with the new features in Gloucester, Va., and Jacksonville, Fla., with a third location opening later this summer in Castle Rock, Colo. The new restaurant design pilot will help Chipotle progress toward its science-based targets, established in alignment with Science Based Targets …

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Walmart Outlines Growth Strategy, Unveils Next Generation Supply Chain

by Katie Lee

Tampa, Fla. — Walmart Inc. kicked off its 2-day 2023 Investment Community meeting in Tampa, Fla., where leadership highlighted how the company is investing to strengthen its business through its people and an unparalleled, next generation supply chain network of stores, clubs and fulfillment centers, and driving future global growth opportunities across its omnichannel ecosystem and high value initiatives. “We are in a unique position to serve our customers and members however they want to shop, which will fuel continued growth,” says Doug McMillon, Walmart’s president and chief executive officer. …

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Let’s Pave Welcomes Vice President of Sales

by Katie Lee

Oak Brook, Ill. — On April 4, Let’s Pave welcomed Chicago-based sales and marketing veteran Chris Walsh to the company as vice president of sales, reporting directly to CEO C.B. Kuzlik. As part of the executive leadership team, Walsh will help guide overall business strategy as well as directly oversee the company’s complete sales and marketing mix, including sales process and talent acquisition, business development, as well as the implementation of all enterprise-wide sales capture tools. Walsh has decades of sales and marketing experience in a variety of industries including …

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Fexa Acquires Trakref

by Katie Lee

New York City — Fexa, a highly configurable facilities management enterprise SaaS platform, has acquired Trakref to deliver on its mission of helping facilities and operations teams leverage technology to drive better business outcomes. The combined company will continue to make its unique products and services available independently to customers and partners across the grocery, healthcare, financial services, data center, real estate and food services industries as they rapidly innovate to deliver new, integrated capabilities. Fexa and Trakref will continue to value and pursue extensibility with other systems, platforms and …

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