Dallas — RAVE Restaurant Group’s board of directors has named former Smashburger CEO Scott Crane as its new chief executive officer, effective January 9, 2017. Crane succeeds Interim CEO Clinton J. Coleman, who will remain in his role as a member of the board, where he has served since 2007.
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Lakewood, Colo. — Natural Grocers will open its 20th Texas store on January 18, 2017. The new 17,000-square-foot store is located at 406 W Loop 281 in Longview. Natural Grocers also plans to open an additional San Antonio store in the first half of 2017.
Los Angeles — Fabletics, the innovative and rapidly growing activewear brand co-founded by Kate Hudson in 2013, will be opening 12 new retail locations in 2017. Adding to the 18 existing locations that started opening as of fall of 2015, these new stores will bring the Fabletics retail store count to 30 locations throughout the U.S. in just 23 months.
St. Louis — Knoebel Construction, Inc., a full-service general contractor specializing in retail development, restaurant, grocery and retail construction nationwide, has moved its headquarters from Fenton, Mo., to Chesterfield, Mo., in St. Louis County. The new location more than doubles Knoebel Construction’s space to 9,688 square feet.
Boca Raton, Fla. — Office Depot, Inc., a leading global provider of office supplies and services, has completed the sale of its European business to The AURELIUS Group. This transaction is part of the company’s recently announced international divestiture strategy to focus on opportunities in its North American business.
Deerfield, Ill., and Camp Hill, Pa. — Walgreens Boots Alliance, Inc. and Rite Aid Corporation have agreed to sell 865 Rite Aid stores and certain assets related to store operations to Fred’s, Inc. for $950 million. The all-cash transaction is subject to Federal Trade Commission (FTC) approval, the approval and completion of the pending acquisition of Rite Aid by Walgreens Boots Alliance, and other customary closing conditions.