Mergers & Acquisitions
November 15, 2016 at 12:37 pm
Cosmetics maker Estée Lauder Companies, Inc. has agreed to buy makeup brand Too Faced for about $1.45 billion in its biggest-ever deal. Founded in 1998 by Jerrod Blandino and Jeremy Johnson, Too Faced sells its products at retailers such as Sephora, Debenhams and Macy's. Too Faced is expected to have sales of $270 million in 2016,…
November 7, 2016 at 12:15 pm
Online jewelry retailer Blue Nile said earlier today that it has agreed to be taken private by an investor group that includes Bain Capital Private Equity and Bow Street for about $500 million in cash. The transaction is expected to close in the first quarter of 2017, but under the terms of the merger agreement,…
November 3, 2016 at 10:51 am
Anonymous sources told Bloomberg that Finish Line is looking for a buyer for its JackRabbit chain of specialty running shoe stores. JackRabbit has about 70 locations under various names. Experts say the division could draw interest from private equity firms and other sporting goods chains.
November 2, 2016 at 9:53 am
Wal-Mart is shaking things up a bit. The big-box retailer announced changes to its e-commerce leadership as Marc Lore, founder of Jet.com, takes on new responsibilities in the wake of the $3.3 billion merger of the two companies. As a result, several e-commerce executives are leaving Wal-Mart, including Fernando Madeira, head of Walmart.com, and Brent…
October 27, 2016 at 10:17 am
Groupon announced yesterday that it will acquire one-time rival LivingSocial. The Chicago-based e-commerce marketplace didn't disclose the price it paid for a shrunken LivingSocial, but said, "the acquisition consideration is not material." Groupon expects the deal to close in November. LivingSocial said last month it was laying off half its employees, bringing its headcount to about…
October 24, 2016 at 11:15 am
The Estee Lauder Companies, Inc. has acquired BECCA Cosmetics from Luxury Brand Partners for an undisclosed amount. BECCA was founded in 2001, and is expected to earn approximately $80 million in 2016. It's mostly known for its non-Caucasian clientele, contouring products and collaborating with YouTube celebrities. Total Retail's Take: The acquisition of BECCA Cosmetics is…
October 24, 2016 at 10:15 am
Dick's Sporting Goods Inc., along with various liquidators, won a bankruptcy auction on Friday for the U.S. business of Golfsmith International Holdings Inc.with a bid of $70 million, according to reports. Golfsmith filed for chapter 11 bankruptcy protection in September. Dick’s plans to keep open at least 30 of Golfsmith's current 90 stores, and liquidators Tiger…
October 21, 2016 at 11:48 am
Burberry Group's shares rose the most in almost eight months today after it has been reported by the Betaville financial blog that Coach Inc. is considering merging with the British trench coat maker. According to the report, Coach has been working with advisers at investment banking firm Evercore for several weeks on a possible deal. Total…
October 19, 2016 at 12:00 pm
Dick's Sporting Good's is rumored to be making a bid for Golfsmith International Holdings. Reuters reports the last-minute bid is challenging retail competitor Worldwide Golf Shops. Golfsmith previously filed for bankruptcy earlier this year due to competition in a crowded retail space from the likes of Amazon.com and Wal-Mart. A drop in interest of the…
October 17, 2016 at 1:04 pm
Supervalu said Monday that it has sold Save-A-Lot, its discount supermarket chain, to Onex Corp., a Toronto investment group, for $1.37 billion. Supervalu has been trying sell the chain of 1,368 stores for about a year. The move leaves Supervalu as primarily a food wholesaler with a division of grocery stores that operate under various…
