Mergers & Acquisitions
December 15, 2020 at 7:17 pm
Best Bath & Beyond (BB&B) said earlier this week that it will sell Cost Plus World Market as it aims to stabilize sales and focus on its core business. The home goods retailer announced that it’s struck an agreement with Los Angeles-based private equity firm, Kingswood Capital Management, which will buy Cost Plus World Market. The…
November 18, 2020 at 8:05 pm
Home Depot announced on Monday that it plans to buy HD Supply for about $8 billion, Yahoo! Finance reported. This would set the home improvement chain up to regain control over the industrial materials wholesaler after selling it over 10 years ago to Bain Capital, Carlyle Group, and Clayton, Dubilier and Rice. Home Depot is…
October 29, 2020 at 5:12 pm
Callaway Golf is buying trendy driving-range outfit Topgolf International in an all-stock transaction valued at $2 billion — giving the Carlsbad, Calif.-based company control of the party-golf attraction that’s credited with luring new players to the game. The deal was announced Tuesday. Callaway already owns 14 percent of Topgolf. It first invested in the company…
October 29, 2020 at 2:55 pm
France’s LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co. after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector’s biggest-ever deal. The new takeover price was set at $131.5 a share, down from $135 in the original deal, the companies said in a statement on…
September 10, 2020 at 11:14 am
J.C. Penney reached an agreement yesterday to sell its retail business to mall operators Simon Property Group and Brookfield Property Partners, averting a total liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500 million in debt to buy J.C. Penney, lawyers for the retailer said at a Bankruptcy Court hearing. The deal…
September 9, 2020 at 4:26 pm
Luxury goods giant LVMH is scrapping its $16.2 billion acquisition of Tiffany & Co., CNBC reported. The acquisition would have been the biggest deal ever in the luxury industry. The merger agreement was signed last November and had a closing deadline of no later than Nov. 20, 2020. However, Tiffany requested an extension until Dec. 31,…
September 2, 2020 at 11:53 am
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.
August 25, 2020 at 1:59 pm
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 accretive…
August 18, 2020 at 2:22 pm
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 — in a venture known as Sparc — announced last week that they're set to assume the…
May 21, 2020 at 10:38 am
Amazon.com could be interested in buying all or part of the J.C. Penney chain, according to a report Monday from Women’s Wear Daily (WWD). "There's an Amazon team in Plano as we speak,” one source told WWD. “There is a dialogue, and I’m told it has a lot to do with Amazon eager to expand its apparel…
