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New York City and Calgary, Alberta (Canada) — Saks Fifth Avenue plans to open its third Canadian location, in Calgary, Alberta. Expected to open in January 2018, the 115,000-square-foot, two-level location will be part of CF Chinook Centre, a Cadillac Fairview property. The new store will feature a modern and authoritative merchandise assortment. In addition to its elevated assortment, the new location will offer a full service Fifth Avenue Club, complete with private suites and personal shopping consultants.

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Southfield, Mich. — Diversified Restaurant Holdings, Inc. has formed a management succession plan that advances CFO David G. Burke to president and CEO on January 1, 2017, or upon the selection of a new CFO, whichever comes first. The current chairman, president and CEO, Michael Ansley, will remain as chairman of the board after the transition.

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