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Breathing New Life into Retail’s Gift Cards Playbook March 2, 2021 For retailers, 2020 was a year when best-laid plans went astray. The pandemic forced executives to re-scope strategies on the fly. Some saw the crisis as a chance to reinvent their business completely. Others accelerated digital transformation efforts as commerce moved inexorably online. Everyone looked for the best ways to serve customers in an unprecedented time, with stalwart favorites like gift cards receiving new focus. In 2021, retailers are being challenged to maintain strong customer relationships and are increasingl...

The Gelson's market at Westfield Century City in Los Angeles, California. Japanese retailer Pan Pacific International Holdings (PPIH) has entered into a definitive agreement to acquire Gelson’s Markets, signaling a possible period of accelerating growth for the upscale California grocery chain. The deal is expected to close in the second quarter of 2021. Gelson’s, which operates 27 stores and was founded in Burbank, California, in 1951, was acquired by private equity firm TPG Capital in 2014. The grocer, which will celebrate its 70th anniversary in July, added 10 locations whi...

PRESS RELEASE: Encino, Calif. (February 23, 2021) – Gelson’s Markets BB #:113119, a premier Southern California-based supermarket chain, today announced that Pan Pacific International Holdings (TSE1:7532) (PPIH) and TPG Capital, the private equity platform of global alternative asset firm TPG, have entered into a definitive agreement pursuant to which PPIH will acquire Gelson’s from TPG Capital. The deal is expected to close in the second quarter of 2021 and is subject to customary closing conditions. “We have long appreciated TPG’s understanding of the Gelson’s brand and its stro...

Owner TPG Capital slated to close transaction in second quarter Southern California grocer Gelson’s Markets is being acquired from owner TPG Capital by Tokyo-based Pan Pacific International Holdings (PPIH), the parent company of Japanese retailers Don Quijote Co. Ltd. and Marukai Corp. Financial terms of the agreement, announced late Tuesday, weren’t disclosed. Encino, Calif.-based Gelson’s operates 27 upscale supermarkets from Santa Barbara to San Diego, mostly along the Southern California coast and in the Los Angeles area but also with one location in Rancho Mirage, near Palm ...

The keeper made a big save. when their next shooter scored, costa rica won the game. they face the netherlands in the quarterfinals. >> team usa faces belgium in second-round match. can't wait until tomorrow. >> making fans out of all of us. some are taking to social media with their hearts aflutter. abc's paula faris reports. >> it's 2-1 to the u.s.! >> reporter: team usa's world cup success helping capture the hearts of fans across the country. for not only surviving a group of death and advancing to the round of 16, but for heating up the pitch in brazil with their steamy roster. win, lose ...