Mergers & Acquisitions
February 3, 2017 at 11:42 am
Hudson's Bay Company, the owner of Saks Fifth Avenue and Lord & Taylor, is reportedly in talks to acquire Macy's, the largest department store chain in the U.S. Sources close to the matter said the talks are at an early stage, and may not lead to a deal. One of these sources told The Wall Street…
January 30, 2017 at 2:10 pm
Walgreens Boots Alliance and Rite Aid are revising their proposed merger, cutting it back more than $2 billion from the original purchase price and pushing the closing date back six months while they await regulatory approval. The tentative deal, which was supposed to close Friday, is now scheduled to close July 31 to give the…
January 23, 2017 at 12:03 pm
Pep Boys announced this morning the purchase of privately held Just Brakes, an automotive repair and maintenance chain, increasing the number of Pep Boys auto service locations to over 900 locations. Just Brakes, in business for 36 years, has 134 locations and operates in eight states and 14 major metro markets. Total Retail's Take: Pep Boys,…
January 23, 2017 at 11:43 am
Walgreens Boots Alliance said on Friday it would not comment on reports that the Federal Trade Commission may take longer to approve its acquisition of Rite Aid. Bloomberg News was first to report that “FTC lawyers aren’s sold on Walgreens' proposal to sell 865 drugstores to Fred’s, Inc.” Bloomberg cited two people who asked the…
January 19, 2017 at 10:29 am
Nine West Holdings, Inc. announced this week that is has entered an agreement to acquire Kasper Group, an affordable, wear-to-work clothing retailer for women. Its apparel is sold under the flagship Kasper as well as other brands such as Anne Klein and Evan-Picone. "The Kasper Group is a profitable wholesale business that we anticipate will make…
January 10, 2017 at 12:48 pm
Canadian apparel maker Gildan Activewear has won a bankruptcy auction for American Apparel after raising its offer to around $88 million, a person familiar with the matter said Monday. Gildan's takeover marks the end of an era for the iconic Los Angeles-based company, which was founded in 1998 by an eccentric Canadian university drop-out and grew to become…
January 6, 2017 at 10:43 am
Jet.com, the Amazon.com rival owned by retailing giant Wal-Mart, bought online footwear retailer ShoeBuy for $70 million, the company said Thursday. The move underscores Wal-Mart's continued push against Amazon, owner of online shoe store Zappos. The biggest retailer in the world, Wal-Mart made online expansion its priority last year, acquiring Jet.com for $3.3 billion and setting…
January 5, 2017 at 11:50 am
American Apparel has a few new rumored bidders. Reports say Amazon.com and teen apparel retailer Forever 21 are now among the companies vying to acquire bankrupt American Apparel LLC. Amazon and Forever 21 join the likes of Next Level Apparel and brand licensor Authentic Brands Group LLC in acquisition conversations with American Apparel. Total Retail's…
January 3, 2017 at 11:58 am
ThreeSixty Group, which recently bought FAO Schwarz, has made another big-name purchase, this time acquiring gadget retailer Sharper Image for $100 million. Sharper Image was owned by Iconix Brand Group. Sharper Image closed its U.S. stores in 2008 after the company filed for bankruptcy protection, and has operated as an online retailer and by selling Sharper Image-branded…
January 3, 2017 at 9:52 am
2016 was quite the year for the retail industry, from mergers and acquisitions to leadership changes, and bankruptcy filings to the presidential election. As we enter the first few days of 2017, we want to take a look back at our top stories from last year (based on number of visitors). Here's a list of Total…
