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Interior Designer - Interior Design Firm - New York New Jersey - Interior design firm Maxey Hayse specializes in hospitality, restaurant, hotel and retail interior design, nightclub interior design.

Design and Construction News

Saks Fifth Avenue President, COO Goes to Woolworths

AUGUST 29, 2006 -- Andrew Jennings, the president and COO of New York-based Saks Fifth Avenue Enterprises, has been appointed group managing director of Woolworths, Capetown, South Africa, according to Jennings, who announced that he would be leaving Saks last week, will stay with the company until the end of September. In December, Jennings will join Woolworths, the publicly held $2.5 billion retail chain.

Rite Aid Acquires Brooks Eckerd

AUGUST 29, 2006 -- The Jean Coutu Group Inc., Longueuil, Quebec, Canada, has entered into an agreement to merge its U.S. subsidiary into Rite Aid Corp., Camp Hill, Pa. This move strengthens Rite Aid's position as the third-largest national drugstore chain in the country, and makes it the largest on the East Coast. The Jean Coutu Group USA subsidiary includes six distribution centers, 337 Brooks stores and 1,521 Eckerd stores, all of which will be re-branded as Rite Aid. Under the transaction, The Jean Coutu Group will receive $1.45 billion in cash and 250 shares of Rite Aid common stock, giving it a 32 percent common equity interest and 30.2 percent voting power. Rite Aid also intends to assume $850 million of The Jean Coutu Group's long-term debt. After the transaction, which is valued at $3.4 billion, Rite Aid will operate 5,000 stores.

Federated Elects SVP Property Development

AUGUST 29, 2006 -- The board of directors for Cincinnati-based Federated Department Stores Inc. has elected Mark S. Cosby to the new position of senior vice president of property development. Cosby, 47, will be based in Cincinnati and will report to vice chair Tom Cole. He will oversee a range of corporate-level functions, including store design and construction, energy services, real estate and licensed operations. Most recently, Cosby served as president of full-line stores for Sears Roebuck & Co., where his responsibilities included merchandising, store operations and supply chain management. Cosby also has served as COO of KFC and chief development officer of Yum Brands.







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