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In: Department Stores, News
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FRESNO, Calif.- After 105 years in business, renowned department store chain Gottschalks Inc. (Pink Sheets: GOTT.PK) began liquidation today. The going out of business sale will include all 58 Gottschalks locations in California (38), Washington (7), Alaska (5), Oregon (5), Nevada (1) and Idaho (2). Founded in 1904, Gottschalks becameMORE HERE

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In: Cosmetics, News
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LOS ANGELES – Johnson Products, makers of Ultra Sheen and other African-American haircare products, will again be an independent company. Procter & Gamble (NYSE: PG) announced the sale of its Johnson Products Company to a company named RCJP Acquisition, Inc., a newly formed independent entity comprised of Los Angeles-based privateMORE HERE

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In: Media
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Sad day for soap fans. Sad day for Springfield. The classic CBS soap opera Guiding Light has been canceled by CBS. First started in radio, it apparently began on NBC radio in January 1937 and moved to CBS television in 1952. It apparently will end its run in September, andMORE HERE

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In: Cosmetics
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DOWNERS GROVE, Ill. – Sara Lee Corporation (NYSE:SLE) said it would possibly sell its International Household & Body Care business after receiving “expressions of interest” from possible buyers. The company has some classic low growth brands, including Kiwi shoe polish and Brylcreem hair goop. Both could very interesting brands ifMORE HERE

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In: Fast Food, Franchising
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DENVER – Vicorp Restaurants Inc. announced today the sale of the pie restaurant Village Inn to American Blue Ribbon Holdings LLC, a new entity formed by Fidelity National Financial Inc. and Newport Global Advisors. American Blue Ribbon Holdings, LLC will own and operate the Village Inn and Bakers Square restaurantMORE HERE

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In: Clothing & Apparel
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The venerable prep brand Duck Head is for sale. Duck Head became a private label brand sold at Tennessee-based Goody’s Family Clothing. The bankruptcy of the company has put the brand up for sale, according to Gabe Fried, principal of Needham Heights, Mass-based Streambank LLC. Wrote Fried on Linked in:MORE HERE

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In: News
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PARIS – The International Herald Tribune has a redesign. Thankfully, the 122-year-old IHT, owned by The New York Times, has been able to keep a separate identity, though seems to be looking more and more like the New York Times, and staffs are now pretty much merged together. A newMORE HERE