Mergers & Acquisitions
June 16, 2017 at 11:20 am
Wal-Mart Stores Inc. today announced it has entered an agreement to acquire Bonobos, Inc., the 10-year-old men's clothing brand that started by selling pants online, but has since expanded its assortment and opened dozens of brick-and-mortar showrooms, for $310 million in cash. The acquisition, which is subject to regulatory approval, is expected to close toward…
June 12, 2017 at 11:02 am
Paris-based L'Oreal SA said Friday it has entered into exclusive talks to sell The Body Shop to Natura Cosméticos SA, after reviewing the strategic options for what has been its worst-performing business in recent years. Natura, Brazil's biggest cosmetics company, has made a firm offer that values The Body Shop at an enterprise value of 1…
June 7, 2017 at 9:56 am
CVS Pharmacy has purchased Doc’s Drugs, a regional pharmacy chain in Illinois. The deal is expected to close mid-to-late July, and all 14 Doc’s stores will be converted to CVS locations. The two companies say that they expect all 200 Doc’s employees to keep their jobs. Doc’s President Anthony Sartoris says the acquisition is a…
May 30, 2017 at 9:11 am
Target has finalized an investment in Casper Sleep, pumping $75 million into the fast-growing mattress startup in a funding round that will total $100 million or more, according to a source familiar with the deal. Existing Casper investors like Lerer Hippeau Ventures, IVP and NEA are also participating in the round. New investors, in addition…
May 26, 2017 at 10:09 am
American Eagle Outfitters is working with private equity firm Cerberus Capital Management on a bid for Abercrombie & Fitch, sources familiar with the matter have told The Wall Street Journal. This news comes after Abercrombie confirmed to CNBC earlier this month that it was in preliminary discussions with several interested buyers. At the time, apparel retailer…
May 25, 2017 at 10:15 am
Home improvement retailer Lowe’s capitalized on a strong housing market to attract and convert more first-time homeowners and do-it-yourself customers in 2016. The company generated net sales in excess of $65 billion in 2016, an increase of 10.06 percent from $59 billion-plus in 2015. (Lowe's ranked No. 25 on Total Retail’s seventh annual ranking of the…
May 12, 2017 at 11:11 am
Welcome to another episode of Retail Right Now! Big news in the retail industry this week includes Coach's acquisition of Kate Spade, Forever 21 and Rue 21 being accused of stealing an indie brand's designs, and Amazon.com lowering its free shipping minimum to $25.
May 8, 2017 at 10:50 am
Coach said Monday that it had reached a deal to acquire upscale retailer Kate Spade in a shakeup for the luxury goods industry as it grapples with sluggish sales. Coach said it would pay $2.4 billion for Kate Spade, which it plans to maintain as an independent brand. Coach said it expects to save $50 million annually…
May 2, 2017 at 10:28 am
Camping World Holdings said Monday it has acquired the assets of Gander Mountain and Overton's Inc. through a bankruptcy auction. Camping World's bid of $15.6 million — plus $22.15 million for other assets — was the winning bid in a bankruptcy auction held last week by the U.S. Bankruptcy Court for the District of Minnesota, the company…
May 1, 2017 at 12:53 pm
Party City is exploring a sale after being approached by a private equity firm about a leveraged buyout, according to reports. If sold, a sale would come two years after buyout firm Thomas H. Lee Partners LP took the company public. Since then, Party City's sales have proven resilient despite the increasing popularity of online…
