Mergers & Acquisitions

Ten years after acquiring the Family Dollar brand in an effort to fit it into its wider bargain store business, Dollar Tree is selling off the retailer for $1 billion. The Virginia-based company announced Wednesday it was selling Family Dollar to private capital firms Brigade Capital Management and Macellum Capital Management. The deal is expected…

Kroger countersued Albertsons on Tuesday, escalating a legal battle between the companies following the collapse of their proposed $25 billion merger in December. Albertsons terminated the merger immediately after courts blocked it and sued Kroger, alleging a breach of contract that led to the deal falling apart. Albertsons asked for billions in damages along with a $600 million…

Beyond, the parent company of Bed Bath & Beyond, buybuy Baby, Overstock, and Zulily, announced Tuesday it was selling off its Zulily brand to Lyons Trading Company for $5 million. Beyond will keep a 25 percent stake in the brand, according to a press release. The announcement comes one year after Beyond acquired Zulily. Lyons Trading…

Mergers are popping up all over the place right now, and the retail category is no exception. From Forever 21 and JCPenney joining forces to create something called "Catalyst Brands" to a whole raft of retail announcements post-election, it’s all about consolidation. With Harvard Business Review reporting that 70 percent to 90 percent of mergers…

Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money. The pharmacy retail chain announced last week that Sycamore will pay $11.45 per share, giving the deal an equity value just under $10 billion. Walgreens…

The fashion holding company Tapestry said Wednesday that it has agreed to sell the Stuart Weitzman brand to Caleres, which owns several footwear brands, including Famous Footwear. Caleres will spend $105 million in cash on Stuart Weitzman, which sells luxury shoes and boots and was created by its namesake in 1986. Tapestry and Caleres said…

Bankrupt specialty retailer Party City has found a buyer, reports NJBiz.com. During a Feb. 6 auction, party goods supplier New Amscan PC LLC emerged as the tentative winner for most of Party City’s intellectual property (IP) and related wholesale operating intangible assets, as well as “a significant portion” of the brand’s real estate lease portfolio.…

Beyond has agreed to acquire the rights of the BuyBuy Baby brand for $5 million. The owner of Bed Bath & Beyond said Monday that it has entered into an asset purchase agreement with BBBY Acquisition to acquire certain assets, databases, domains, intellectual property, vendor relationships, and content related to BuyBuy Baby. Beyond said the…

Galaxy Universal, which owns a number of athletic apparel and footwear brands, has acquired Reebok's U.S. operations and its design group. Sparc Group, which has been the operating partner for Reebok in the U.S. since 2021, announced the news in a press release last week that also shared the details of its merger with JCPenney.…

Jeans brand True Religion has been acquired by private equity firm ACON Investments and retail investment firm SB360 Capital Partners, according to a press release sent by ACON Tuesday. The terms of the deal weren't disclosed. The investment fund SB360 Capital Partners is chaired by Jay Schottenstein, American Eagle's CEO. True Religion's CEO Michael Buckley…