Mergers & Acquisitions
March 16, 2017 at 12:31 pm
1-800-Flowers.com Inc. said Wednesday it agreed to sell its Fannie May and Harry London chocolate brands to Italian chocolatier Ferrero International S.A. for $115 million. Newsday reports the deal by Ferrero, one of the world’s largest chocolate confectionery companies, to buy the two brands is subject to regulatory approvals and is expected to close by May…
March 15, 2017 at 10:18 am
Hudson’s Bay Company is reportedly in talks to acquire struggling Neiman Marcus in a deal that would turn several of the biggest luxury rivals into siblings. Saks Fifth Avenue, Lord & Taylor and Neiman Marcus would all be owned by the same company if this deal goes through. Neiman Marcus, which said earlier this week that…
March 7, 2017 at 11:30 am
The Finish Line wound up selling JackRabbit, its unprofitable specialty running business, for a purchase price of “zero,” according to a regulatory filing. The business, which includes 65 stores operating under a number of banners, was sold to CriticalPoint Capital, LLC, the Los Angeles-based private investment firm. The deal was first announced on Jan. 27, and…
March 6, 2017 at 9:56 am
Popeyes Louisiana Kitchen Inc. CEO Cheryl Bachelder will step aside when the fried chicken chain is sold to Restaurant Brands International Inc. for $1.8 billion. Bachelder is one of metro Atlanta’s few female CEOs. Bachelder joined Popeyes in 2006 as a member of the company's board of directors. In November 2007, she was named CEO and is credited with heading a…
February 20, 2017 at 11:51 am
Clothing firm Sunrise Brands LLC has bid for the e-commerce business and intellectual property of bankrupt U.S. retailer The Limited, challenging a $26.3 million offer from private equity firm Sycamore Partners. The Limited was forced to close its 250 brick-and-mortar stores earlier this year and filed for bankruptcy last month, with Sycamore Partners as the initial…
February 17, 2017 at 11:46 am
Walgreens’ $10 billion acquisition of Rite Aid is nearing approval by federal regulators, sources say. Reports say the $91 billion chain is optimistic about the new package of stores it's selling to regional pharmacy chain Fred's. The parties involved are hopeful the Federal Trade Commission will approve the deal in the next two weeks to…
February 15, 2017 at 4:38 pm
Wal-Mart announced that it’s acquiring outdoor retailer Moosejaw for about $51 million in an all-cash deal. Moosejaw is headquartered in Madison Heights, Mich., and operates 10 store locations in that state, as well other stores in the Midwest. Wal-Mart is allowing the outdoor retailer to continue to operate its website and stores as a standalone…
February 15, 2017 at 12:05 pm
BJ's Wholesale is reportedly making some changes. Reports say Leonard Green & Partners LP and CVC Capital Partners Ltd., the private-equity owners of warehouse retailer BJ’s Wholesale Club, are prepping for a possible sale or initial public offering. If conversations progress, The Wall Street Journal reported an IPO would likely happen in the second half of 2017.…
February 10, 2017 at 11:08 am
The Bass Pro Shops-Cabela’s merger may be on hold. The Federal Trade Commission (FTC) has sought more information regarding the transaction, delaying the potential closing deadline. This has now jeopardized the sale of Cabela's financial arm to Capital One. Capital One agreed to pay about $200 million to originate and service Cabela's co-branded credit card…
February 7, 2017 at 1:36 pm
The sale of Nasty Gal Inc. to British e-tailer Boohoo.com for $20 million is going forward after the bankrupt fast-fashion company failed to attract any other qualified bids, the companies announced Monday. Manchester, England-based Boohoo put in a stalking horse bid for Nasty Gal in December. An auction through the U.S. Bankruptcy Court had been scheduled…
