On Monday, La Quinta Holdings Inc (NYSE:LQ)’s shares declined -0.78% to $24.05.
La Quinta Holdings Inc (LQ) declared the appointment of Scott Bergren, former Chief Executive Officer of Pizza Hut and Yum Innovation, effective June 9, 2015, to its Board of Directors. Mr. Bergren is assuming the board seat of Michael B. Nash, initially selected by associates of The Blackstone Group L.P., who has resigned.
Mr. Bergren, 68, served as Chief Executive Officer (CEO) of both Pizza Hut (Global) and Yum! Innovation until his retirement in December 2014. Prior to becoming CEO at Pizza Hut (Global) at the end of 2013, Mr. Bergren served as CEO of Pizza Hut (U.S.) since 2011. He also had served as CEO of Yum! Innovation since 2011. Mr. Bergren has held many roles across Yum! Brands, Inc. since 2002, counting, President and Chief Concept Officer of Pizza Hut Inc., Chief Marketing & Food Innovation Officer for Kentucky Fried Chicken and Yum! Brands in Louisville and Chief Concept Officer of Yum! Restaurants International in Dallas.
La Quinta Holdings Inc. owns, operates, and franchises select-service hotels under the La Quinta brand. It serves the upper-midscale and midscale segments. As of May 7, 2015, the company had about 870 hotels with about 86,000 rooms under the La Quinta Inn & Suites, La Quinta Inn, and LQ Hotel brands in 47 states of the United States, in addition to in Canada, Mexico, and Honduras. The company was founded in 1968 and is headquartered in Irving, Texas.
Ascena Retail Group Inc (NASDAQ:ASNA)’s shares gained 0.19% to $16.19.
Lane Bryant is a wholly-owned partner of Ascena Retail Group, Inc. (ASNA). Lane Bryant is excited to declare that renowned Ready to Wear designer Christian Siriano will be creating a limited-edition line exclusively for the specialty sized retailer. The collection is set to hit stores Spring 2016, and will be sold under the Christian Siriano for Lane Bryant label.
Christian Siriano combines old-school glamour with a modern whimsical twist using beautiful tailoring and intricate detailing. A member of the CFDA since 2013, Christian brings a fresh point of view to American sportswear. Christian Siriano will be the fourth designer partnership for Lane Bryant joining the successful Isabel Toledo, Sophie Theallet and Lela Rose collections.
Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments. The company offers apparel, accessories, footwear, intimates, wear-to-work, and casual sportswear; and lifestyle products, such as bedroom furnishings and electronics, in addition to social occasion apparel, career wear, dressy apparel, and active wear.
At the end of Monday’s trade, Kohl’s Corporation (NYSE:KSS)‘s shares dipped -0.11% to $62.60.
Kohl’s Corporation (KSS) declared Michelle Gass has been designated to the newly created principal officer position of Chief Merchandising and Customer Officer. In this new capacity, Gass has assumed oversight of all of Kohl’s merchandising, planning and allocation, and product development functions. She will continue to report to Kevin Mansell, Kohl’s chairman, chief executive officer and president. Gass retains direct responsibility for Kohl’s overall customer engagement strategy, counting the company’s marketing, public relations and social media efforts. In light of Gass’ new responsibilities, Mansell has assumed direct oversight of the company’s digital and e-commerce strategies and operations.
Kohl’s has commenced an external search for a Chief Operating Officer, a newly created principal officer position. The chief operating officer will have direct responsibility for the company’s store operations, logistics and supply chain network, information and digital technology, e-commerce strategy and operations, and store construction and design. In the interim, these functions are all being overseen by Mansell. Along with Gass, the chief operating officer is predictable to be a potential candidate to succeed Mansell upon his eventual retirement.
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers. The company also sells its products online at Kohls.com and through mobile devices.
Flextronics International Ltd. (NASDAQ:FLEX), ended its Monday’s stock showed no change, and closed at $12.05.
Flextronics International Ltd. (FLEX) declared that its Chennai facility in Sriperumbudur has been granted the Domestic Tariff Area (DTA) status which will allow the company to ship finished products locally. Flextronics has been operating in Chennai since 2005 at the SIPCOT Special Economic Zone (SEZ). By having both DTA and SEZ status, Flextronics is able to produce and deliver products for both domestic and export markets, with zero customs duty.
Flextronics International Ltd. provides design, manufacturing, and supply chain services and solutions to original equipment manufacturers worldwide. The company offers innovation services, such as innovations labs for supporting customer design and product development services from early concept stages; collective innovation platform, an ecosystem of technology solutions; Lab IX startup accelerator program; centers of excellence solutions in critical areas; interconnect technology center for printed circuits; and CloudLabs that enables customers to accelerate a spectrum of cloud, converged infrastructure, and datacenter strategies.
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