Business Briefs: New partner joins firm, Terex wins $250M deal...
Published 12:00 am, Monday, December 4, 2017
Tengram Capital Partners is acquiring the luxury skincare brand ReVive from Shiseido Americas, with the companies not disclosing terms.
Tengram plans to continue running ReVive as an independent company based in New York City, with other beauty brands in its portfolio including Algenist, Cos Bar, Nest Fragrances and This Works.
ReVive will be led by Elana Drell Szyfer, who had led Laura Geller Beauty.
Leadership Capital Group, a Westport-based firm that provides executive search services, has hired Jennifer Rosenthal as partner.
Rosenthal previously was a principal of Rhodes Associates, a New York City-based executive search firm focused on the real estate industry, and also worked in the Parsippany, N.J., office of Resources Global Professionals. Rosenthal has a bachelor’s degree from Roanoke College and a master’s degree in education from New York University.
Terex inked a letter of intent to sell $250 million in aerial work platforms to companies in China, announcing the deal as part of the U.S. trade mission led by President Donald Trump last month.
Terex has a manufacturing facility in Changzhou, China. The company employs 600 people in the country entering 2017, of 11,300 globally, including 4,900 in the United States.
Headquartered in Westport, Terex bases its Genie aerial work platform operations in Washington state.
Maplewood Senior Living has promoted Tom Gaston to chief investment officer and Shane Herlet to chief operating officer. The Westport firm operates 15 senior living communities, including one in Darien, and plans new developments in Fairfield, New York City and Princeton, N.J.
Both Herlet and Gaston joined Maplewood in 2011 in operations and development roles, respectively. Both previously worked for Benchmark Senior Living.
Liam Bohonnon, born and raised in Westport, has joined one of the largest Connecticut-based firms, Halloran & Sage, which has offices throughout Connecticut, including one in Westport, as well as one office in Washington, D.C. His practice encompasses matters in insurance defense and litigation.
Prior to joining Halloran & Sage, Bohonnon was employed as an analyst at a major global bank in New York City.
A 2008 graduate of Staples High School, Bohonnon attended the University of Connecticut School of Law. He served as the captain of the Staples tennis team and to this day remains active with the Staples soccer program.
Last month, a Westport commercial real estate firm announced multiple lease deals. Franco Fellah, executive vice president at HK Group, made the announcement Nov. 20.
Shoe Inn, a retailer that sells upscale women shoes and accessories, leased 1,200 square feet of retail space with a full lower level on New Canaan’s main drag at 36 Elm St. Shoe Inn already has eight locations in the New York and New Jersey area including one in Westport.
Bird, Bonette, Stauderman, Inc., advertising production consultants, leased 2,500 square feet of direct waterfront office at 49 Riverside Ave. in Westport.
JoyRide Cycling Studio extended their 4,207 square feet lease in Darien. They have three additional locations in Westport, Wilton and Ridgefield.
Connecticut’s Gold Coast became the wealthiest pocket of the nation last year, according to new federal estimates on average personal income, despite generating the third lowest income growth in the Northeast and ranking in the bottom 30 percent nationally.
The Greenwich-Bridgeport corridor had average income of $106,700 in 2016, according to the U.S. Bureau of Economic Analysis, up 1.1 percent from 2015 and a slower rate of growth from the 1.5 percent gain the previous year.
Passenger trips on Amtrak’s Northeast Corridor increased 1 percent to 12 million total over the 12 months through September, with the rail line having local stops in Bridgeport and Stamford.
Nationally, Amtrak ridership was up 1.5 percent to 31.7 million passenger trips, with revenue up 1.1 percent to $3.2 billion in its 2017 fiscal year. Amtrak reported a $194 million operating loss, a 15.7 percent improvement from fiscal 2016.
As of September, Amtrak carried debt of $1.2 billion, down 64 percent from a decade ago.
According to recent predictions by The National Retail Federation, holiday sales are expected to increase by as much as 4 percent to $682 billion between November and December this year, compared to the same time last year.
At the same time, according to The Wall Street Journal, retailers are reporting offering fewer markdowns than in years past. In total, Black Friday discounts marked a 6 percent decrease this year, per price-tracking firm Market Track.