Mergers & Acquisitions
November 5, 2019 at 1:04 pm
Barneys New York Inc’s flagship Madison Avenue outlet in Manhattan will remain open for at least another year, albeit in a slimmed-down form, while the buyer of the luxury retailer negotiates with the store’s landlord. A bankruptcy judge approved the sale of Barneys brands and other intellectual property to Authentic Brands, a firm that acquires and…
October 16, 2019 at 1:40 pm
The Children’s Place announced Tuesday a plan to relaunch children's clothing brand Gymboree in 2020, reports CNBC. In a press release, The Children's Place announced Gymboree merchandise will be sold on an enhanced website, Gymboree.com, as well as in shop-in-shop locations in over 200 select The Children’s Place stores in the U.S. and Canada. The Children’s…
October 15, 2019 at 12:30 pm
U.S. luxury department store chain Barneys New York is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday. Without an offer from Authentic Brands, Barneys faced winding down its business entirely. It filed…
October 9, 2019 at 12:00 pm
Men's apparel retailer Bonobos, which is owned by Walmart, announced earlier this week that it laid off dozens of employees following a push from Walmart to cut its e-commerce losses, reports The Wall Street Journal. Walmart acquired Bonobos in 2017, but the brand is still not profitable for the retail giant, even after its expansion…
October 7, 2019 at 11:37 am
Walmart is selling off women’s clothing company and online retailer ModCloth, just two years after acquiring it. The brand will now be a part of investment firm Go Global Retail, though it will continue to operate independently. For Walmart, the ModCloth acquisition in March 2017 was part of a larger strategy to ramp up its e-commerce…
August 28, 2019 at 12:14 pm
Clothing rental service Le Tote will purchase legacy retail brand Lord & Taylor from the Hudson's Bay Company (HBC) for $100 million, reports CNBC. Under terms of the deal, which was announced Wednesday, Le Tote will acquire Lord & Taylor’s brand and intellectual property and assume operations of 38 stores, its digital channels, and its inventory.…
August 13, 2019 at 1:40 pm
On Monday, Steve Madden Ltd. announced that it has acquired Greats, a Brooklyn-based digitally native maker of Italian-made sneakers. Greats is a player in the expanding athletic shoe sector at a time when casual styles, even for the office, are on-trend. Greats was founded in 2014. Following up on its acquisition of Greats, Steve Madden…
August 6, 2019 at 2:59 pm
August 6, 2019 — Fairfax, Va., and Philadelphia, Pa. — In a move that further enhances its current partnership with NAPCO Media and creates unprecedented value for the industry, the Specialty Graphic Imaging Association (SGIA) today announced that it has acquired NAPCO Media. Under the terms of the agreement, which has been unanimously approved by…
June 7, 2019 at 2:23 pm
Hedge fund Elliott Management announced Friday that the firm will acquire bookseller Barnes & Noble for $683 million, reports CNBC. The acquisition is set to close in the third quarter of 2019, and will be structured as a merger. Barnes & Noble has faced increasing pressure from Amazon.com as well as independent booksellers in recent years,…
June 3, 2019 at 2:30 pm
Flower-delivery provider FTD Cos. filed for chapter 11 bankruptcy protection Monday in the U.S. Bankruptcy Court for the District of Delaware, with plans to auction off its businesses while paying down debt. The company began restructuring and reviewing strategic alternatives last year. FTD warned in March that it could go out of business or shrink its operations this summer…
