Mergers & Acquisitions
May 10, 2021 at 7:03 pm
Sparc Group, the entity formed by mall REIT Simon Property Group and brand management firm Authentic Brands Group (ABG), will acquire Eddie Bauer from PSEB Group, an operating company owned by Golden Gate Capital, for an undisclosed amount. The announcement comes 12 years after Golden Gate Capital acquired the outdoor lifestyle gear maker out of bankruptcy.…
May 5, 2021 at 2:11 pm
Nogin, an outsourced e-commerce company that focuses on fashion and consumer products, announced in a press release that it has acquired ModCloth. The company purchased the digital-native retailer from Go Global for an undisclosed amount after Go Global previously acquired ModCloth from Walmart in January 2020. According to the press release, Nogin plans to refresh…
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.…
