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Red Lobster Exits Bankruptcy; New CEO is Named

by Katie Lee

Orlando, Fla. — In mid-September, The Red Lobster® restaurant chain exited Chapter 11 restructuring following the company’s acquisition by a new owner: RL Investor Holdings LLC. RL Investor Holdings is an entity created by funds managed by affiliates of Fortress Investment Group LLC, alongside co-investors TCW Private Credit and Blue Torch. “Red Lobster is now a stronger, more resilient company, and today is the start of a new chapter in our history,” says Damola Adamolekun, the new CEO of Red Lobster. “From the opening of our first restaurant in 1968, …

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Mexico Footwear Retailer to Open First U.S. Store

by Katie Lee

Los Angeles — JLL has signed Groupo Innovasport to a new lease for 7,500 square feet of space (currently occupied by Hollister) in the Third Street Promenade area of Santa Monica, Calif. Mexico-based Grupo Innovasport will open its U.S. flagship store for Culto, which features specialty footwear. The store is expected to open in first quarter 2025. Culto is the latest addition at Third Street Promenade, joining Google Store which recently inked a new deal. Latest openings in the popular destination include Pickle Pop, Barnes & Noble, Wilson Sporting Goods …

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construction and designfranchise developmentNewsrestaurants

Scooter’s Coffee to Open First West Virginia Location, Will Expand in 3 More States

by Katie Lee

   Omaha, Neb. — Scooter’s Coffee, LLC, the Midwest-based drive-thru coffee franchise experiencing record-breaking growth, plans to open five new coffee kiosks in four different states — the result of new franchise agreements signed in August — including its first location in the state of West Virginia. The new signings in West Virginia, Alabama, Minnesota and Wisconsin are the latest boost to the Scooter’s Coffee‘s network of more than 800 stores in 30 states as the brand strives to become the #1 drive-thru specialty coffee franchise system in the nation.  …

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Newspeopleretailers

Target Names New Chief Financial Officer

by Katie Lee

Minneapolis — Target Corporation has named Jim Lee as chief financial officer, effective Sept. 22. He will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services and corporate development. He succeeds COO Michael Fiddelke.  “As a successful leader in finance and strategy, Jim will oversee the central role our finance team plays in fueling our long term profitable growth,” says Brian Cornell, chair and CEO, Target. “With decades leading core finance functions and nurturing growth, Jim will complement …

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The Wendy’s Company Names Executive Leadership Appointments

by Katie Lee

Dublin, Ohio — The Wendy’s Company has appointed John Min as its chief legal officer and secretary and Mary Greenlee as senior vice president, U.S. operations. Min will report to Wendy’s president and chief executive officer, Kirk Tanner; and Greenlee will report to the president, U.S., Abigail Pringle. Min succeeds E.J. Wunsch, who was appointed as Wendy’s president, international in June 2024. “I’m pleased to welcome John and Mary to the Wendy’s team,” says Tanner. “John’s proven track record of managing complex commercial transactions, his extensive background in legal strategy …

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NewsProduct Spotlightsecurity/loss preventionsoftware/technologyvendors

Hibbett Chooses Cequence Security to Revolutionize API Security and Bot Management

by Katie Lee

Santa Clara, Calif. — Cequence, a pioneer in API security and bot management, has been selected by Hibbett, a leading athletic-inspired fashion retailer, to enhance Hibbett’s automated threat detection capabilities and enable comprehensive inventory management, compliance and API protection across all online and in-store brands. Like many retailers, Hibbett operates in a hybrid IT environment, juggling both on-premises and cloud-based systems for its retail and online operations. After critical SaaS migration to Oracle Cloud and Azure Active Directory, the company prioritized robust API security to ensure secure and efficient API …

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franchise developmentNewspeoplerestaurants

Smalls Sliders Welcomes New Chief Financial Officer

by Katie Lee

Atlanta — Smalls Sliders has appointed industry veteran and financial expert Dan Hurwitz as its new chief financial officer. In his new role, Hurwitz will focus on supporting investment decisions to drive profitable growth for Smalls Sliders as the brand continues expanding its capabilities as an industry disruptor. With over two decades of experience managing and overseeing the financial growth of several known brands, Hurwitz will play a key role in Smalls Sliders’ growing leadership team. Hurwitz’s background includes his most recent position as CFO of Philz Coffee, where he …

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Newspeopleretailers

Target Names New Chief Legal and Compliance Officer 

by Katie Lee

Minneapolis — Target Corporation has named Amy Tu as chief legal and compliance officer and corporate secretary. In her new role, Tu now leads the company’s legal, compliance and corporate governance functions. She succeeds Don Liu, who recently announced his upcoming retirement and will transition to a strategic advisory role. Tu joins Target’s leadership team and will report to Brian Cornell, chair and CEO. “Amy’s experience, both in legal and business leadership, offers strong continuity at the top of our legal affairs and compliance teams,” says Cornell. “Her stewardship will help …

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Freddy’s Frozen Custard & Steakburgers Strikes 4 Franchise Deals for 21 New Locations

by Katie Lee

Wichita, Kan. — Fast-casual restaurant concept Freddy’s Frozen Custard & Steakburgers® has signed four separate development deals that will build the brand’s presence across Washington, Illinois, Iowa, New Jersey and Texas. These deals are being individually spearheaded by a mix of both current and new Freddy’s franchisees and will add a total of 21 restaurant locations to the franchise system.   Among these deals, Freddy’s is planning its first restaurants in the state of Washington, with a 10-unit development agreement for the Seattle market. Another franchise deal, this time in the …

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construction and designNewsretailers

The Athlete’s Foot Opens Flagship Store and Community Center in Atlanta

by Katie Lee

Atlanta — The Athlete’s Foot (TAF) has opened its new corporate headquarters, flagship retail location and community center in Midtown Atlanta. Grand opening events and ribbon-cutting festivities took place Sept. 12-14. Strategically located on the iconic Atlanta Beltline and Piedmont Park, the new location aims to integrate seamlessly into the fabric of the neighborhood. The Athlete’s Foot plans to implement community enrichment, sponsorships and educational programming underscoring its commitment to supporting local communities and fostering meaningful connections. “We are thrilled to unveil our new U.S. headquarters, flagship store and community …

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