Mergers & Acquisitions
November 6, 2015 at 11:52 am
Shareholders of Charlotte-based Belk on Wednesday approved the sale of the company to New York private equity firm Sycamore Partners, one of the last steps needed to end family control of the department store chain. The $3 billion deal announced in August has passed all required regulatory approvals, Belk said in a statement Wednesday. It's…
November 4, 2015 at 11:16 am
American Eagle Outfitters, looking to infuse its middle-American collegiate brand with fresh, smart ideas, has settled on Todd Snyder as one of its new idea guys. The name won’t be familiar to everyone, but in fashion circles, Mr. Snyder’s name is known for both a premium menswear line sold in places like Nordstrom and for his…
November 4, 2015 at 11:10 am
Nashville-based Genesco Inc. is expanding its reach in Canada. The company, a retailer and wholesaler of footwear, apparel and accessories, announced a deal Tuesday with Montreal-based Aldo Group Inc. to acquire the Little Burgundy footwear chain, which includes 37 stores. Terms of the deal weren't disclosed. Based in Montreal, Little Burgundy serves a “fashion-oriented” 18- to 34-year-old clientele…
November 3, 2015 at 10:43 am
Coty Inc. agreed to buy the personal care and beauty division of Brazil’s Hypermarcas SA for about $1 billion in cash, turning again to acquisitions to expand its burgeoning cosmetics line. The New York-based company will use a combination of debt and cash on hand to pay for the transaction, according to a statement on Monday.…
October 28, 2015 at 11:45 am
Walgreens said on Tuesday that it will buy rival Rite Aid in a $17.2 billion deal that would whittle the nation's one-time mom-and-pop drug-store industry into two massive chains. The deal would combine the second and third largest drug-store operators, and if it gets regulatory approval intensify the already fierce competition between Walgreens and CVS Health. The…
October 27, 2015 at 11:47 am
The odds of Staples gaining regulatory clearance for its $6.3 billion purchase of rival Office Depot have improved greatly, according to a confidential report on Monday. The Federal Trade Commission (FTC) met last Friday with a large corporate customer of Staples to discuss an antitrust remedy to get the deal done, according to the report issued…
October 26, 2015 at 11:08 am
Bridgestone said on Monday that it would buy Pep Boys, the car parts retailer, for about $835 million in cash, to gain a big increase in retail locations. Buying Pep Boys — perhaps best known for its colorfully named founders, Manny, Moe and Jack, who are technically part of its legal name — will give Bridgestone…
October 15, 2015 at 11:31 am
If Martha Stewart had her way, Kmart could have been KMartha. The home goods mogul said she regrets not buying Kmart before a deal with the discount chain went sour. "We thought about buying it, but we didn't do it, and we should have," Stewart said in an interview with The Associated Press. "That could have been…
October 12, 2015 at 10:57 am
Sears Holding Corp. has acquired the WallyHome sensor technology from Seattle startup SNUPI Technologies. With the deal, Sears is also establishing a second Seattle technology office in less than a year, this one on the University of Washington campus. The deal gives Sears technology that can sense changes in moisture, temperature and humidity, alerting property owners to…
September 28, 2015 at 10:59 am
The $6.3 billion merger between the top two office supply chains has hit yet another bump: the European Union opened an “extensive” investigation into the would-be union of Staples and rival Office Depot. Reuters reports that EU antitrust regulators are probing the possibilities of price hikes should the two chains walk down the aisle. The EU said…
