Dallas — Rave Restaurant Group, the parent company of Pizza Inn and Pie Five Pizza Co., has hired Judy Messenger as its new vice president of real estate.
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Toronto — Oxford Properties Group plans to redevelop and expand the former Target location at Upper Canada Mall in Newmarket, Ontario (Canada). The redevelopment includes the introduction of a one-level, 64,000-square-foot Sport Chek location, a 40,000-square-foot first-to-market Food Market concept, a new two-level feature court space and a 35,000-square-foot vertical expansion. Construction officially commenced in February and the redevelopment is scheduled to open in 2018.
Dublin, Calif. — Ross Stores recently opened 23 Ross Dress for Less® and five dd’s DISCOUNTS® stores across 15 different states in February and March. These new locations are part of the company’s plans to add approximately 70 Ross and 20 dd’s DISCOUNTS locations during 2017.
Nashville, Tenn. — Captain D’s, a leading fast-casual seafood restaurant, has signed agreements to expand the brand’s presence in Illinois, Texas, Virginia, North Carolina and Kentucky. As part of this aggressive growth, the company will open 18 new restaurants over the next several years.
Boston — Gordon Brothers plans to acquire the Wet Seal retail brand. Launched in 1990, Wet Seal is known for its surf-and-sun aesthetic for fashion-focused teens. The acquisition also includes other brands within the Wet Seal portfolio such as Arden B, Blink, Chic Boutique and several others. The transaction is pending final court approval.
DeWitt, Mich. — DENTCO is commemorating its 40th anniversary this year. From working a sod field as a high school student back in the 1960s, DENTCO’s founder, Greg Dent, dreamed of owning his own company; little did he know that it would grow into a major national player in the retail store and restaurant maintenance industry.
Glendale, Calif. — DineEquity, Inc., the parent company of Applebee’s Neighborhood Grill & Bar® and IHOP®, has accepted the resignation of its chief financial officer, Thomas W. Emrey, effective March 15, 2017. Emrey is leaving to accept the CFO position at Munchkin, Inc., a leading global infant products lifestyle brand.
New York City — As expected, Sycamore Partners has acquired The Limited’s brand and other related intellectual property assets for more than $26 million. The Limited had filed for bankruptcy in January and had begun closing all 250 stores. Sycamore plans to reintroduce the brand to the marketplace at a later date.
Pittsburgh — Renowned seafood restaurant Eddie V’s will open in Pittsburgh on March 6, 2017. The new, 274-seat restaurant will open in the historic Union Trust Building, joining the architectural landmark that recently underwent a $100 million restoration.