Industry News

All-new 2017 Chrysler Pacifica Named Top Safety Pick+
Interval Leisure Group announced today that it has completed a term securitization transaction involving the issuance of $375 million of asset-backed notes. VSE 2016- A VOI Mortgage LLC, an indirect wholly-owned subsidiary of Vistana Signature Experiences, Inc. issued $346 million of Class A notes rated A+/ A and $29 million of B notes rated BBB+/ BBB. The notes were backed by vacation ownership loans and had coupons of 2.54% and 2.74%, respectively, for an overall weighted..."/>
Interval Leisure Group Completes Securitization of Vacation Ownership Notes
Sears Holdings Corp. plans to close in mid-December, according to Business Insider. Liquidation sales will begin Thursday, the publication reported."/>
Kmart in Waikele will be shut down in December [The Honolulu Star-Advertiser]
Red Lion Hotels Corp. has entered into a definitive agreement to acquire the global brands and brand operations of US-based Vantage Hospitality Group, Inc. for an initial aggregate price of USD 23 m in cash and 690,000 shares of the company's common stock, the company said. The stock is currently worth around USD 5.3 m, making the deal worth around USD 28.3 m. Additional aggregate compensation of up to USD 7 m in cash and an additional..."/>
Red Lion Hotels to Acquire Vantage Hospitality in Cash and Shares Deal
Nautilus, Inc., a leader in innovative fitness equipment, announced availability of the Nautilus ® 618 Performance Series. Combining top-of– the-line technology and durability to withstand even the most serious competitor, the new Nautilus 618 Performance Series includes an elliptical, recumbent bike, upright bike and RunSocial™ capable treadmill."/>
Nautilus, Inc. Unveils Nautilus® 618 Performance Series
PVH Corp. today announced that it will be earmarking $1 million of its 2014 commitment to Save the Children to support programs in Sub-Saharan Africa over the next three years. The investment comes as part of PVH’ s recent business focus on the Sub-Saharan Africa region, including a woven shirt factory under construction in Ethiopia’ s Hawassa Industrial Park to..."/>
PVH Corp. Directs $1 Million of Its Save the Children Commitment to Support Programs in Sub-Saharan Africa
Williams-Sonoma, Inc. portfolio of brands, debuts its new exclusive collection with Amie Sikes and Jolie Sikes of Junk Gypsy, the sister duo from Texas, known for their free-spirited lifestyle and design philosophy. The Junk Gypsy for PBteen collection is infused with the Junk Gypsies' Southern roots and takes inspiration from their..."/>
Perry Ellis International, Inc., announced today that it has entered into two license agreements with BBC International LLC for the design, production and distribution of An Original Penguin by Munsingwear ® men’ s, boys and layette footwear. Continuing the momentum of global consumer interest in the iconic brand, the product will now be available in the United States and Canada as well as Mexico and South and Central America. The line is planned to launch at..."/>
Perry Ellis International Signs New Footwear Agreements for Original Penguin
Diversified Restaurant Holdings, Inc., the largest franchisee for Buffalo Wild Wings ® and creator and operator of Bagger Dave's Burger Tavern ®, announced that Michael Ansley, President and Chief Executive Officer, and David G. Burke, Chief Financial Officer, will present at the Dougherty& Company Institutional Investor Conference in Minneapolis, Minnesota on Wednesday, September 28, 2016.. The DRH presentation is scheduled to begin at..."/>
Diversified Restaurant Holdings to Present at Dougherty & Company Institutional Investor Conference
Cisco ®. This prestigious award recognizes HARMAN Connected Services for Excellence in Software. Cisco selected HARMAN for providing leading-edge technology, high quality and cost savings, and for embracing the new software business models that we must implement to ensure..."/>
HARMAN Awarded Excellence in Software Award by Cisco
Fans get first online look at HGTV Urban Oasis 2016
Sinclair Broadcast Group, Inc., today updated its expectations for third quarter media revenues. Based on current and anticipated pacings of political advertising spending, the Company is revising its third quarter 2016 media revenues to be approximately $637 million to $638 million, up 28% as compared to third quarter 2015, including approximately $46 million of political spending in the quarter. On August 3, 2016, the Company provided..."/>
Sinclair Updates Third Quarter Guidance
Marriott International, Inc. and Starwood Hotels& Resorts Worldwide, Inc. today announced their merger transaction has received approval from the Chinese Ministry of Commerce. As this was the last regulatory approval required to complete the merger, Marriott and Starwood are now able to proceed with closing the transaction and expect the transaction to be completed before the market opens on September 23, pending satisfaction of..."/>
Marriott's Acquisition Of Starwood Receives Antitrust Approval In China
Choice Hotels International, Inc., a leading worldwide lodging company, announced that its board of directors declared a quarterly cash dividend of $0.205 per share of common stock. The dividend is payable on October 17, 2016, to shareholders of record on October 3, 2016.. Choice Hotels International, Inc. is one of the world's largest lodging companies."/>
Choice Hotels International Declares Quarterly Cash Dividend of $0.205

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