Mergers & Acquisitions
August 10, 2017 at 12:05 pm
Subscription commerce retailer Birchbox has discussed a potential sale to many retailers, including Wal-Mart. Recode reports talks took place between Wal-Mart's U.S. E-Commerce Chief, Marc Lore, and Birchbox Co-Founder and CEO, Katia Beauchamp. Birchbox has raised more than $80 million from investors since it was founded in 2010, in addition to previously undisclosed venture debt…
August 4, 2017 at 10:43 am
In this episode of Retail Right Now, Taylor Knight reviews the week's top retail news, including Under Armour's job cuts; Amazon.com's job fair; and new details on a potential revised Staples-Office Depot merger.
August 4, 2017 at 9:35 am
Footwear brand Aldo has agreed to acquire the footwear and accessories operations of Camuto Group. The takeover will give Aldo a bigger footprint in the fashion industry. The Camuto Group produces shoes for the Vince Camuto brand, as well as Jessica Simpson Collection, Tory Burch and Lucky Brand Jeans. The terms of the deal were…
August 2, 2017 at 3:29 pm
We’ve all seen the landmark acquisitions happening this summer: Amazon.com announced its $13.4 billion purchase of Whole Foods, and Wal-Mart is building out its online retail fashion business by buying Bonobos. The recent buying spree is no coincidence. Very few retailers have a full understanding of both online and brick-and-mortar, but the new reality is…
July 31, 2017 at 12:54 pm
A merger between Staples and Office Depot may happen after all, at least according to a report from the New York Post. According to the report, Staples has been in talks to spin off its 1,500 retail stores to Office Depot. Neither Staples nor Office Depot commented on the story. Total Retail's Take: The latest…
July 25, 2017 at 8:49 am
Michael Kors Holdings said this morning that it has agreed to buy the shoe company Jimmy Choo for 896 million pounds, or about $1.2 billion, the latest push by an American high-end fashion house to find sources of growth in an increasingly competitive retail landscape. Michael Kors said it expected to open new Jimmy Choo retail…
July 21, 2017 at 10:52 am
In this episode of Retail Right Now, Associate Content Editor Taylor Knight reviews the top retail news of the week, including antitrust concerns around the Amazon-Whole Foods deal, Wal-Mart's marketplace ad containing a racial slur and L.L.Bean moving away from its traditional back-to-school catalog.
July 21, 2017 at 9:51 am
As part of its review of Amazon.com's recent purchase of Whole Foods, the Federal Trade Commission is looking into allegations that the retailer misleads customers about its pricing discounts, a source told Reuters on Thursday. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which reviewed some 1,000 products on Amazon's…
July 18, 2017 at 9:55 am
Amazon.com’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington — and Wall Street is taking notice. A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing…
July 17, 2017 at 12:09 pm
True Value Co. is considering a sale that could net the home improvement chain about $800 million, according to a recent report by Bloomberg. The company is reportedly working with an investment bank to examine strategic options, including a sale. The process is expected to attract private equity firms. No final decision has been made…
