Mokrynski & Associates, Hackensack, NJ, has been named as the exclusive list broker for the Martha by Mail catalog.
Speciality direct marketer Kids Stuff Inc. has completed an equity line of credit for $3 million with Cornell Capital Partners in New York. Funding will be provided over a period of 24 months. Kids Stuff publishes three catalogs and maintains a Web site.
Valassis has, for the second year, been named among the top 10 “Best Places to Work in Southeast Michigan, by Crain’s Detroit Business and IRI Consultants to Management. Valassis was recognized for quality of work-life and benefits programs. Special attention was paid to the company’s life/balance and training programs. Valassis has 1,300 employees in North America.
J. C. Penney Co. Inc. intends to offer, subject to market conditions, approximately $500 million of convertible subordinated notes ($600 million if an option for an additional $100 million is exercised in full) in a private placement. The notes are expected to mature in seven years and will not be callable until September 2004. The proceeds from the offering are expected to be used primarily for upcoming debt maturities.
Network
