Mergers & Acquisitions
July 11, 2017 at 10:29 am
Vintage Capital has offered to buy Rent-A-Center Inc for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio. Rent-A-Center, based in Plano, Texas, rents out furniture and electronics and also allows customers the ability to own the products through a lease…
July 7, 2017 at 10:59 am
This episode of Retail Right Now features the week's biggest retail news, including True Religion filing for bankruptcy protection, Kroger suing Lidl for trademark infringement, and QVC buying its chief competitor, HSN.
July 7, 2017 at 9:40 am
The Home Depot has acquired Compact Power Equipment in a $265 million cash deal. Compact Power Equipment provides equipment rentals and maintenance services at more than 1,000 stores. The agreement is intended to integrate these facets of Compact’s business into Home Depot’s stores. Officials say they don't expect any layoffs to occur as a result…
July 6, 2017 at 11:36 am
Liberty Interactive Corporation, QVC's parent company, announced Thursday morning it would acquire the remaining stakes of HSN. The total value of the deal equates to $6.8 billion. MarketWatch reports HSN will become a wholly-owned subsidiary attributed to the QVC Group, making the two major retailers in the television space one company. After the deal closes, HSN…
June 29, 2017 at 12:13 pm
Walgreens Boots Alliance announced it will now only purchase half of Rite Aid's stores. Forbes reports the new deal is to help the acquisition pass regulatory scrutiny from the Federal Trade Commission. Rite Aid will remain a "multiregional" drugstore chain after selling 2,186 of its 4,500 stores to Walgreens. Rite Aid will receive $5.175 billion…
June 29, 2017 at 11:41 am
Private equity firm Sycamore Partners announced today that it will buy Staples for $10.25 per share, in a deal which values the office supply retailer at around $6.9 billion. CNBC reports Staples has 1,255 stores in the United States and 304 in Canada. It has the largest market share of office supply stores in the U.S.…
June 27, 2017 at 10:57 am
Lowe’s announced that it has completed its $512 million purchase of Maintenance Supply Headquarters, which will help improve its offerings for its growing and lucrative base of professional customers, such as contractors. Maintenance Supply Headquarters, based in Houston, distributes products designed to maintain and renovate multifamily buildings, including appliances, plumbing, HVAC and lighting. The company employs roughly…
June 26, 2017 at 12:03 pm
Wal-Mart Stores Inc. is not actively considering making an offer for Whole Foods Market Inc, according to report from Reuters on Friday. Whole Foods, which accepted a $13.7 billion offer from Amazon.com earlier this month, hasn't received any rival bids as of Friday. Last week, Wall Street analysts expected a rival offer for Whole Foods…
June 23, 2017 at 12:35 pm
It was announced today that private equity firm Sycamore Partners is close to a deal to acquire Staples Inc. Reports say the acquisition price could surpass $6 billion. The acquisition would come one year after a judge put a stop to a merger between Staples and rival Office Depot on antitrust grounds. Sycamore is looking…
June 23, 2017 at 11:46 am
In this episode of Retail Right Now, Total Retail's Taylor Knight reviews the top retail news of the week — and it's an all Amazon.com episode. The retailer announced Prime Wardrobe, a new program for its Amazon Fashion business; there's potentially other bidders for Whole Foods Market, which Amazon announced as its latest acquisition; and finally, Amazon has…
