Mergers & Acquisitions
April 6, 2021 at 3:56 pm
Signet Jewelers Limited, the world's largest retailer of diamond jewelry, announced it has acquired Rocksbox, an innovative jewelry rental subscription platform, reports Marketwatch. Signet has long billed itself as the place for men to buy engagement rings or other romantic gifts. Now, it wants to target another customer: women who purchase jewelry for themselves. Rocksbox…
March 25, 2021 at 5:23 pm
Earlier this week, former Gap Inc. CEO Art Peck filed with the Securities and Exchange Commission to raise money for a special purpose acquisition company (SPAC). Peck’s SPAC, Good Commerce Acquisition Company, plans to buy companies that sell apparel, accessories, home goods, among other products. "Our objective is to create a next-generation consumer holding company by combining…
March 16, 2021 at 6:59 pm
Brand management company WHP Global announced it has acquired a controlling interest in Tru Kids, the parent company of the Toys R Us, Babies R Us, and Geoffrey the Giraffe brands, reports CNBC. “We’re in the brand business, and Toys R Us is the single most credible, trusted and beloved toy brand in the world,”…
March 10, 2021 at 4:26 pm
The owner of Saks Fifth Avenue, Hudson's Bay Company, announced it will separate the Saks' website into an independent business from its stores, CNBC reported. The decision to split the luxury department store's website comes after it raised $500 million. Venture capital firm Insight Partners put up the money to take a minority stake in Saks…
March 1, 2021 at 4:31 pm
In episode 287 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Phil Ryan, CEO of City Chic Collective, a women's plus-size apparel retailer. Listen in as Ryan discusses City Chic Collective's brand portfolio and history, his personal background in retail, and the company's recent acquisition of U.K. plus-size fashion brand Evans. He shares why Evans is a seamless…
March 1, 2021 at 4:15 pm
Amazon.com's recent acquisition of Australia-based Shopify competitor Selz is starting to drum up speculation, coincidentally just as Shopify released strong financial results last month. The purchase occurred in January without any publicity, which sparks questions around the intent of the acquisition and what it means for the future of commerce. CPG firms should pay close…
February 18, 2021 at 4:42 pm
Tractor Supply Co. announced on Wednesday that it will acquire the network of 167 Orscheln Farm and Home stores operating in 11 states. There are Orscheln retail outlets in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Nebraska, Ohio, Oklahoma, and Texas. Orscheln Farm and Home employs 2,800 people and sells tools, apparel and sporting goods, along…
January 19, 2021 at 6:48 pm
Office Depot has rejected another takeover attempt by office supply rival Staples, according to a letter sent Tuesday by a company executive, reports CNBC. In the letter, the chairman of the board for the parent company of Office Depot, ODP, said it would be open to another deal that draws less scrutiny from antitrust regulators.…
January 12, 2021 at 9:25 pm
Staples on Monday sent a bid to Office Depot's board of directors with an offer to acquire the rival office supplies company for $40 per share, or $2.1 billion, reports South Florida SunSentinel. Staples, which is now a privately held company controlled by the private equity group Sycamore Partners, threatened to start buying shares in…
December 22, 2020 at 3:40 pm
The Great American Outdoors Group has agreed to acquire Sportsman's Warehouse, a leading outdoor specialty company based in the western U.S. with 112 store locations, according to a press release. The Great American Outdoors Group portfolio of brands includes Bass Pro Shops, Cabela’s, White River Marine Group, and a collection of nature-based resorts. The parties expect the deal to…
