Mergers & Acquisitions
May 24, 2019 at 9:10 am
Brazil’s Natura Cosmeticos SA agreed to buy rival Avon Products Inc. in an all-stock deal valued at about $2 billion, positioning it as a growing force in the booming global cosmetics and skincare industry. Controlling shareholders of Natura, which bought the Body Shop retail chain in 2017, will form a new publicly traded holding company that will…
May 17, 2019 at 12:01 pm
Kohl's Corp. has approached At Home Group Inc. to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday. A deal would help Kohl's expand its customer base, which focuses on women's, men's and children's clothing, and boost its presence in the home goods category, which has…
May 9, 2019 at 12:50 pm
Edgewell Personal Care, the company that owns the Schick and Wilkinson razor brands as well as Hawaiian Tropic, plans to announce on Thursday that it will buy Harry’s for about $1.37 billion in stock and cash. The deal will lead to Harry's co-founders Andy Katz-Mayfield and Jeff Raider running Edgewell’s operations in the United States. Harry’s…
February 27, 2019 at 11:15 am
Foot Locker announced Tuesday that it's investing $12.5 million in New York City-based children's apparel brand Rockets of Awesome, according to CNBC. The athletic footwear retailer will open Rockets of Awesome clothing shops within Kids Foot Locker locations, making it the largest retailer of the children's brand's products in the U.S. In addition, Foot Locker will…
February 7, 2019 at 11:03 am
Foot Locker has announced a $100 million strategic investment in GOAT Group, which operates secondary sneaker market brands GOAT and Flight Club. It is the retailer's largest investment in its history. GOAT, the sports acronym for Greatest of All Time, was founded in 2015 by college friends Eddy Lu and Daishin Sugano. Sneaker listings on the GOAT platform…
January 4, 2019 at 9:03 am
In this episode of Retail Right Now, Joe Keenan offers five predictions for the retail industry in 2019, from a variety of sources.
December 13, 2018 at 2:28 pm
Procter & Gamble, the consumer packaged goods company known for such household staples as Tide and Old Spice, will acquire Walker & Company Brands, the company that makes health and beauty products for people of color launched by entrepreneur Tristan Walker five years ago. Walker & Company Brands will operate as a separate and wholly-owned…
December 7, 2018 at 2:34 pm
Walmart announced Thursday that it plans to acquire online artwork retailer Art.com. According to Business Insider, Walmart will acquire the entire art company for an undisclosed price and will continue to operate it as a standalone site. Walmart will eventually add Art.com's product assortment to Walmart.com, Hayneedle.com, and Jet.com, two more of the retailer's acquired…
December 4, 2018 at 3:24 pm
In a bold, buzzed-about move at the end of September, American accessories giant Michael Kors acquired Italian luxury brand Versace for a whopping $2.1 billion. This acquisition represents one of the first attempts by a U.S. fashion company to run an elite luxury brand, and not everyone is convinced that the merger was a good…
October 31, 2018 at 2:48 pm
Fast-fashion brand bebe has partnered with private equity firm Bluestar Alliance to acquire the Brookstone brand and related assets. The acquisition opens new doors for wholesale distribution of Brookstone products to some of the largest retailers across the U.S. The Associated Press reports as part of the deal that 30 Brookstone airport store locations will…
