BBX acquires IT'SUGAR

BBX Capital has gobbled up another area confectioner — this time, the IT’SUGAR candy retail chain for $57 million. The Fort Lauderdale-based real estate investment and timeshare company said Monday it intends to add the Deerfield Beach candy retailer, which targets adults as much as children with its sweet treats, to its existing BBX Sweet Holdings division.

BBX will partner with IT’SUGAR founder and CEO Jeff Rubin to further expand the retail stores and grow the brand in other channels. Rubin will remain in his current executive position and retain a "meaningful interest" in the business, BBX Capital said. To read article click here.