Mergers & Acquisitions
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…
October 11, 2016 at 9:34 am
Bass Pro Shops acquired outdoor retailer Cabela’s last week in a deal valued at $4.5 billion. The two supply superstores cater to those with a love of the wilderness, specializing in supplies for hunting, fishing and camping. While it remains unclear whether this acquisition will lead to any store closures for Cabela’s, Bass Pro Shops…
October 10, 2016 at 11:44 am
Reports emerged late last week that Kroger is mulling a takeover of Whole Foods Market. Published reports said Kroger was considering a $40 per share bid for Whole Foods — an offer that would equal a $13 billion takeover. Officials from Kroger, however, declined to discuss "rumors and speculation" regarding a potential deal. Whole Foods…
October 5, 2016 at 9:41 am
Sadly, just a little over a year after closing FAO Schwarz's iconic flagship store in New York City, Toys"R"Us is selling off the brand. Toys"R"Us has owned the FAO brand for a little over seven years, and just sold the brand to ThreeSixty Group, a company that designs and distributes toys and other consumer products.…
October 3, 2016 at 1:07 pm
Bass Pro Shops has reached a deal to acquire outdoors retail competitor Cabela's in a deal valued at $5.5 billion, the companies said in a statement Monday. The deal comes about 10 months after Cabela's put itself up for sale at the urging of hedge fund Elliott Management, which had declared the hunting-and-fishing retailer undervalued and called for the…
September 30, 2016 at 12:14 pm
Tractor Supply Co., the largest rural lifestyle retail store chain in the U.S., announced that it has acquired Petsense, a specialty retailer of pet supplies and services with 136 stores in 25 states. The transaction price was approximately $116 million. Petsense will operate as a subsidiary of Tractor Supply from Petsense's current Scottsdale, Arizona headquarters,…
September 29, 2016 at 11:01 am
American Apparel has hired a new CEO — a lawyer with a background in mergers and acquisitions. Chelsea Grayson has served as general counsel for American Apparel for almost two years. She will now be the top executive when Paula Schneider, the CEO brought aboard last year to turn around the company’s fortunes, vacates the position on…
September 26, 2016 at 10:44 am
Office Depot agreed to sell its European business to the Aurelius Group, helping sharpen its focus on the North American market after its failed merger with Staples. The deal will be structured as an equity sale for “nominal consideration,” Boca Raton, Florida-based Office Depot said Friday in a statement. The European unit has annual revenue of…
