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Avalon Group Ltd. Announces Two Senior Banking Additions

Avalon Group, Ltd., a leading investment bank and strategic advisory firm, is pleased to announce the additions of Thomas I. Apperson and Ira S. Rubenstein to the firm’s Alternative Energy & Clean Technology Group. Together Mr. Apperson and Mr. Rubenstein bring over 30 years of experience with both public and private companies in this sector, with numerous successful enterprise and project financing transactions between them.

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Jones Could Be Nearing Deal for Weitzman

Jones Apparel Group Inc. could be close to a deal to acquire a stake in Stuart Weitzman. People familiar with the matter said today that a deal between Jones and Irving Place Capital, Weitzman's minority investor, could happen as soon as tomorrow. There is also some speculation that Jones could acquire more than Irving Place's 40 percent stake.

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2010 Discounting Forecast: Retail and Auto

For consumers, 2010 may not look very different from 2009 when it comes to discounts. Companies in the apparel, jewelry, and home furnishing industries are planning to keep their inventorieslow to cut operating costs, which means fewer large discounts for customers, says Marshal Cohen, chief industry analyst for the NPD Group, a market research company.

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Making book on Barneys

(Crain's New York Business) - Many stores typically stay open later during the holiday season. This year, as consumer spending still lags behind the economic recovery, it's happening with increasing frequency, said Jack Hendler, president...

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