peHUB First Read

First Read braces against the Tuesday chill with news Apple will invest $2 bln to create a command center, Google may be about to go to war against former BFF Uber and a former KPCB partner seeks $16 mln in discrimination lawsuit.

Efros Named EVP and COO of SD Retail Consulting

SD Retail Consulting, a unit of Hilco Trading, said Wednesday that it named Farla Efros as EVP and COO. Efros will be responsible for the firm’s Merchandising and Strategy practice area. Most recently, she served as EVP and Chief Merchandising Officer of Office Depot.

BC Partners Buys 20% Stake in Office Depot

BC Partners this morning invested $350 million into retailer Office Depot Inc. (NYSE: ODP), which represents approximately a 20% ownership stake. The investment includes $275 million in newly-created 10% Series A convertible perpetual preferred stock, convertible at $5 per share (32% premium to yesterday’s $3.79 per share closing price), and $75 million of newly-created 10% Series B convertible perpetual preferred stock, convertible at the same terms (assuming shareholder approval).

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