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Mergers & Acquisitions
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In its first acquisition since being acquired by Shamrock Capital in June, Adweek announced the purchase of Target Marketing and Publishing Executive from NAPCO Media. Terms of the transaction were not disclosed.
Delta Galil Industries, the global manufacturer and marketer of branded and private-label apparel products for men, women and children, as well as leisurewear and activewear, announced that it has signed an agreement to acquire leading intimates brand Bare Necessities from Walmart, Inc. The transaction is expected to close in the next few weeks and be accretiveโฆ
A partnership of the biggest U.S. mall owner, Simon Property Group, and apparel licensing firm Authentic Brands Group (ABG) has been tapped by a bankruptcy court as the winning bidder to acquire denim maker Lucky Brand for $140.1 million, reports CNBC. The two โ in a venture known as Sparc โ announced last week that they're set to assume theโฆ
Amazon.com could be interested in buying all or part of the J.C. Penney chain, according to a report Monday from Womenโs Wear Daily (WWD). "There's an Amazon team in Plano as we speak,โ one source told WWD. โThere is a dialogue, and Iโm told it has a lot to do with Amazon eager to expand its apparelโฆ
L Brands, Victoria's Secret's parent company, announced that it has called off its deal with private equity firm Sycamore Partners, CNN reported. L Brands was planning to take the lingerie retailer private, and had reached a $525 million deal with Sycamore Partners three months ago. The deal would have split control of Victoria's Secret, with Sycamoreโฆ
CVS Health will acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses, which includes 110 Schnuck pharmacy stores, reports Forbes. According to a company press release, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy and its subsidiaries will acquire theโฆ
Three companies finalized the acquisition of Forever 21, marketing company Authentic Brands Group announced earlier this week. The new ownership group โ mall owners Simon Property Group and Brookfield Property Partners, with Authentic Brands โ say they expect to keep Forever 21's 448 U.S. stores open. Court filings earlier this month put the price of the sale at $81โฆ
1-800-Flowers.com announced it is acquiring PersonalizationMall.com for $252 million, according to a press release sent to Total Retail on Tuesday morning. PersonalizationMall.com is an online retailer of personalized products that offers thousands of SKUs available with a broad range of innovative personalization options. 1-800-Flowers.com is purchasing the company from Bed Bath & Beyond, which has wholly ownedโฆ
Forever 21 has reached an $81 million deal to sell its retail business to a consortium made up of mall operators Simon Property Group and Brookfield Properties, and brand management firm Authentic Brands Group. In a bankruptcy court filing, the mall-based retailer said it's seeking approval to name the three as the lead "stalking-horse bidders" in anโฆ
Tailored Brands said last week that it would sell its Joseph Abboud trademarks to WHP for $115 million, but will retain exclusive rights to sell and rent Joseph Abboud-branded apparel and related merchandise in the U.S. and Canada. Tailored Brands, an omnichannel specialty retailer of menswear also owns the Men's Wearhouse, Jos. A. Bank, Moores Clothingโฆ