Mergers & Acquisitions
March 28, 2018 at 10:58 am
Walgreens said Wednesday that it had completed its takeover of 1,932 new stores that it agreed last year to buy from Rite Aid Corp. “Our growth strategy of increasing and consolidating volume, differentiating ourselves through value and quality of service, and controlling costs is bearing fruit across our businesses,” Walgreens Chief Executive Officer Stefano Pessina said…
March 27, 2018 at 1:24 pm
Athletic retailer The Finish Line said yesterday that it has agreed to be purchased by U.K.-based retailer JD Sports Fashion for $558 million. JD is the leading European retailer of sports, fashion and outdoor brands. The merger agreement is subject to Finish Line and JD shareholder approval, the receipt of all required regulatory approvals, and…
March 23, 2018 at 12:21 pm
According to a new report, two of the biggest names in food retailing, Target and Kroger, are considering a merger that would bolster their position against the growing threat of Amazon.com. Fast Company reported Friday morning that Target and Kroger started talking "last summer" about "a partnership" that would help Target's grocery business and Kroger's e-commerce capabilities. The…
March 12, 2018 at 11:57 am
Blue Pool Capital, a financial firm that principally invests the wealth of Alibaba founders Jack Ma and Joe Tsai, has invested $20 million into the women’s clothing rental business Rent the Runway, according to a report in Recode last week. Reportedly, the funding…
March 9, 2018 at 12:31 pm
Nordstrom announced yesterday that it's acquiring two leading retail technology companies: BevyUp, a digital selling tool, and MessageYes, a platform rooted in conversational commerce. More specifically, BevyUp is a platform that allows sales associates to communicate with each other on the back end, and encourages shoppers to share information with each other and browse items…
February 28, 2018 at 3:10 pm
Amazon.com announced yesterday the acquisition of smart home company, Ring. The $1 billion-plus price tag represents Amazon's second largest ever acquisition (the online giant paid $13.6 billion for Whole Foods). Recode reports Ring is now being bought for somewhere between $1.2 billion and $1.8 billion. The startup recently authorized a fundraising round that would have…
February 20, 2018 at 12:50 pm
Supermarket operator Albertsons agreed to buy the remnants of the Rite Aid drug chain on Tuesday, the latest deal to shake up a grocery industry already experiencing major upheaval. The combined company would have about 4,900 locations in 38 states and the District of Columbia, the companies said. Albertsons would rebrand its in-store pharmacies under the…
February 2, 2018 at 11:21 am
Online retailer Boxed.com has spurned an acquisition bid from The Kroger Co. and is instead sending out feelers to Amazon.com, according to news reports. Kroger’s bid was believed to be in the neighborhood of $300 million to $400 million. Industry observers said the Cincinnati-based chain was interested in Boxed to help it boost delivery capabilities, attract more…
January 23, 2018 at 11:58 am
Overstock.com gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company. The New York Post reported on Friday that the grocery chain may be eyeing a deal with Overstock, citing unidentified sources. Overstock CEO Patrick Byrne said in December that selling the e-commerce business to a brick-and-mortar retailer…
January 23, 2018 at 11:45 am
Foot Locker made a strategic investment in Carbon38, a women's luxury active apparel brand. In addition to $15 million Series A funding, Foot Locker has taken a minority stake in Carbon38. Katie Warner Johnson, Carbon38's co-founder and CEO, said, "We are excited to have Foot Locker as an investor as we continue to scale our business…
