New York City — Private equity firm Clayton, Dubilier & Rice plans to acquire David’s Bridal, Inc., for approximately $1.05 billion. The transaction is expected to close in the fourth quarter.
Wayne, NJ — Toys“R”Us, Inc. has opened its first store in Beijing. By the end of September, the retailer will operate 30 stores across 21 cities throughout China.
Jacksonville, FL — Body Central Corp. has promoted Thomas W. Stoltz to COO and interim CEO, replacing the retiring B. Allen Weinstein, the company’s former CEO, who resigned on August 16, 2012.
Deerfield Beach, FL — Inc. magazine has ranked MSi LED Lighting Number 401 on its 31st annual Inc. 500/5000 list, an exclusive ranking of the nation’s fastest-growing private companies.
Roanoke, VA — Advance Auto Parts has promoted Kurt Schumacher to senior vice president, national field operations. He will report to President and CEO Darren Jackson.
Minneapolis — The board of directors of Best Buy Co., Inc. has appointed Hubert Joly as the company’s president and chief executive officer and a member of its board of directors.
Richardson, TX — Fossil, Inc. has appointed John A. White as executive vice president and chief operating officer, effective September 4, 2012. He joins the company from Pandora.
Glenwillow, OH — As part of its plan to grow to 1,000 stores, Dots has hired Lisa Rhodes, former senior vice president of Wal-Mart’s U.S. apparel merchandising division, as CEO.
Hoffman Estates, IL — Sears Holdings has again been selected to participate in the EPA’s ENERGY STAR National Building Competition: Battle of the Buildings.
