Mergers & Acquisitions
April 4, 2017 at 10:37 am
Scott Friend, managing director for Bain Capital Ventures, interviewed Jet.com's Marc Lore at Shoptalk in Las Vegas last month. In this video, Total Retail's Joe Keenan caught up with Friend to get his take on the year's top retail trends, technologies and what brands should do to survive the current retail tides.
April 3, 2017 at 11:59 am
Gander Mountain has agreed to a stalking horse bid for its assets as it looks to remain in business. A joint venture comprising Boston-based investment firm Gordon Brothers and retail specialist Hilco Merchant Resources made the bid, which was filed in U.S. Bankruptcy Court. A stalking horse bid sets the bar for a sale, but…
March 31, 2017 at 11:19 am
Houston-based Stage Stores announced yesterday it won a bid to acquire about half of Gordmans Stores Inc.’s assets through a bankruptcy auction. Under the terms of the deal, a subsidiary of Stage Stores plans to acquire between 50 and 57 Gordmans store leases, including all of the inventory, furniture, fixtures, equipment and other assets at those…
March 30, 2017 at 9:48 am
Amazon.com announced Wednesday that it's shuttering Quidsi, the company behind Diapers.com, because it was unprofitable. Amazon acquired Quidsi in late 2010 after it skyrocketed to popularity by shipping diapers and other household products mostly free of shipping costs. The acquisition cost Amazon $500 million. Quidsi was co-founded by Marc Lore, who stayed with Amazon three years…
March 28, 2017 at 9:50 am
According to sources inside both companies, Coach’s acquisition of Kate Spade may be announced in a matter of weeks, if not days. The price of acquisition is not yet known, although analysts suggest it could be north of $2 billion. In a March 2017 report, Cowen & Company said that there was an 80 percent chance…
March 23, 2017 at 1:12 pm
Many in the retail industry were surprised when online startup Jet.com, billed as a potential competitor to Amazon.com for e-commerce supremacy, was sold to Wal-Mart last August for $3.3 billion. The pairing of a cutting-edge digital brand like Jet and a legacy brick-and-mortar retailer like Wal-Mart didn't seem to be the perfect match. Yet seven…
March 23, 2017 at 11:40 am
Amazon.com has acquired another online retailer. Reports say Amazon has agreed in principle to buy Dubai-based Souq.com, one of the best-known names in the Middle East's online shopping market. Souq.com sells consumer electronics, fashion, household items and other goods, and on its website claims to be the largest e-commerce site to the Arab world. Since its founding…
March 22, 2017 at 11:59 am
Wal-Mart has launched a new internal venture — Store No. 8 — meant to create new online business. Store No. 8 will help Wal-Mart build new startups within the company, fostering relationships with entrepreneurs, particularly those in the fields of artificial intelligence, autonomous vehicles and other emerging technologies. This will, in turn, help the retailer…
March 21, 2017 at 10:36 am
PVH Corp., parent company of brands such as Calvin Klein, Tommy Hilfiger, Van Heusen and more, has entered into an agreement to acquire True&Co., a direct-to-consumer intimate apparel e-commerce retailer. True&Co. is changing the way women shop online by redesigning the art of bra shopping. It uses a proprietary fit quiz to recommend bras and other…
March 16, 2017 at 12:52 pm
Changes are happening at ModCloth. Recode reported yesterday that Wal-Mart is acquiring the 15-year-old online retailer. The vintage-inspired clothing brand is being acquired on behalf of Jet.com, Wal-Mart's subsidiary that has been on an acquisition spree over the last 12 months. Over the last decade, ModCloth has gone through many changes. Within the last two years,…
