Mergers & Acquisitions
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…
April 20, 2017 at 12:35 pm
The Walgreens-Rite Aid merger is increasingly looking like it may be blocked by the Federal Trade Commission. Capitol Forum, a trade publication, reported that the FTC was considering a lawsuit. Bloomberg reports the time line to complete the deal has been extended until July 31, as antitrust regulators review it. Walgreens CEO Stefano Pessina said in an April 5…
April 19, 2017 at 9:14 am
In the biggest e-commerce acquisition in history, PetSmart has agreed to purchase pet food and product site Chewy.com for $3.35 billion. Chewy.com has been one of the fastest-growing e-commerce sites, registering nearly $900 million in revenue last year — only its fifth in operation. This deal is bigger than Wal-Mart’s acquisition of Jet.com for $3.3…
April 18, 2017 at 10:38 am
Amazon.com is interested in buying BJ’s Wholesale Club, which is currently up for sale, according to the New York Post. BJ’s, which operates 210 club stores in 15 states along the eastern seaboard from Maine to Florida, is already interviewing bankers so it can be begin a sale process. Meanwhile, Amazon — which has been…
April 17, 2017 at 10:48 am
Wal-Mart’s acquisition streak under new e-commerce chief Marc Lore looks likely to continue. The world’s largest brick-and-mortar retailer is in advanced discussions to acquire Bonobos, a 10-year-old men’s fashion retailer based in New York City. Sources say the two sides have agreed on a price — which couldn’t immediately be learned — and that the deal…
April 12, 2017 at 10:10 am
Supervalu Inc. has agreed to pay $375 million to acquire Unified Grocers, a Los Angeles-area food distributor. The deal intensifies Supervalu’s focus on its wholesale business. Supervalu said it will pay $114 million in cash for all outstanding shares of Unified, a cooperative owned by member grocery firms, and assume about $261 million in debt. The…
