Mergers & Acquisitions
September 22, 2017 at 11:30 am
On Wednesday, Albertsons announced that it had acquired meal kit service Plated. CNBC reports the move represents the first in what figure to be many for the 2,300-store grocer as it looks to fortify its business to compete with the Amazon.com/Whole Foods merged entity. "This transaction is the latest example of Albertsons meeting our customers…
September 19, 2017 at 10:11 am
In its fourth attempt, Walgreens Boots Alliance clinched regulatory approval for a deal to buy Rite Aid Corp. stores after a last-minute reduction of the number of stores and price. The Deerfield, Ill.-based drugstore chain said Tuesday it secured clearance for a revised deal under which it will buy 1,932 Rite Aid stores for $4.38 billion.…
September 6, 2017 at 9:21 am
Pep Boys announced last week that it has entered into a definitive agreement to acquire Advanced Auto Service & Tire Centers in Phoenix. Advanced, which has operated in Arizona since 1989, has 15 service centers and 120 employees. “We welcome the outstanding Advanced team to Icahn Automotive and look forward to building on the great customer…
August 30, 2017 at 12:20 pm
Target recently announced the appointment of Minsok Pak as executive vice president, chief strategy and innovation officer. Pak will be responsible for Target’s enterprise strategy development and retail innovation with the goal of enhancing the guest experience and accelerating growth. He will also oversee business development for the company, including mergers, acquisitions, partnerships and joint…
August 25, 2017 at 11:20 am
Yesterday, the FTC approved Amazon.com's acquisition of Whole Foods. Below are a few of the changes we'll see: First thing Monday, Whole Foods will offer lower prices on a selection of best-selling staples in its stores, across all categories and stores. Amazon Prime will ultimately become Whole Foods Market’s customer rewards program, providing Prime members with…
August 24, 2017 at 10:46 am
The Federal Trade Commission announced this week it will allow Amazon.com to continue its deal to acquire Whole Foods. The estimated $13.7 billion deal was under investigation to gauge whether the merger would decrease competition under federal regulations. Bruce Hoffman, acting director of the Federal Trade Commission Bureau of Competition, said in a statement it…
August 16, 2017 at 1:10 pm
A recent blockbuster deal in the retail arena was the announcement that TV home shopping giant QVC was buying its main rival, the Home Shopping Network (HSN). This comes at a time when the audience for TV home shopping is in decline, causing some analysts to see the merger as a “last gasp” effort of…
August 15, 2017 at 10:45 am
VF Corp, whose brands include Vans, The North Face and Timberland, announced yesterday that it is buying privately held Williamson-Dickie Mfg. Co, the owner of Dickies and Workrite workwear, for $820 million. The deal is expected to close early in the fourth quarter. This represents VF Corp's first major acquisition since its deal for Timberland six…
August 14, 2017 at 12:08 pm
Target Corp. announced today that it has agreed to acquire Grand Junction, a transportation technology company, to improve and expand its delivery capabilities. The acquisition will also accelerate Target’s investments and ongoing efforts to transform its supply chain. “Grand Junction’s technology and algorithms will help Target deliver to guests faster and more efficiently,” said Arthur…
August 11, 2017 at 9:29 am
Total Retail reviews the week's top retail news in Retail Right Now, including Lowe's job cuts, Amazon.com's new returns policy and Birchbox's possible sale.
