Mergers & Acquisitions

Reese Witherspoon Sells Majority Stake in Draper James
September 6, 2023 at 8:42 pm

Private equity group Consortium Brand Partners announced Wednesday that it has acquired actress Reese Witherspoon’s fashion and lifestyle brand, Draper James, through a majority stake. According to the deal, Consortium Brand Partners acquired a 70 percent stake in the company for an undisclosed amount while Witherspoon remains a partner and board member in the business.…

e.l.f. Beauty to Acquire Skin Care Brand Naturium for $355M
August 29, 2023 at 7:30 pm

e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing, high performance skin care brand for $355 million in a combination of cash and stock, the company announced Tuesday. The deal is expected to double e.l.f. Beauty’s presence in skin care to approximately 18 percent of retail sales. The transaction, which is subject…

SHEIN, Forever 21 Partner in Fast-Fashion Deal
August 24, 2023 at 1:22 pm

Fast-fashion competitors SHEIN and Forever 21 have joined forces. On Thursday, the retailers announced a deal that will bring together two brands that have a strong following of young shoppers and a reputation for trendy clothing and accessories at low prices. As part of the joint venture, SHEIN will acquire about a third of Forever 21′s…

Tapestry to Acquire Capri Holdings for $8.5B
August 10, 2023 at 1:12 pm

Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced Thursday. The transaction will create an American fashion giant that — while still not quite as large as its European competitors — will be better positioned to compete in the luxury market. It brings together six fashion…

Overstock.com Will Change its Website Domain to Bed Bath & Beyond Following Transaction
June 29, 2023 at 12:24 pm

E-commerce home goods retailer Overstock.com will no longer go by its eponymous name online and will instead move under the Bed Bath & Beyond domain name in the coming weeks after acquiring the bankrupt rival’s intellectual property, Overstock announced Wednesday. It will relaunch the Bed Bath & Beyond website in Canada within the next week, followed by…

Overstock.com Bids $21.5M for Bed Bath & Beyond Intellectual Property Assets
June 13, 2023 at 4:55 pm

Online retailer Overstock.com on Tuesday placed a $21.5 million bid for some of Bed Bath & Beyond’s assets, including its intellectual property, reports CNBC. Overstock’s stalking horse bid — which will set the floor at the expected bankruptcy-run auction — also includes the business internet and mobile properties and all business data. The offer doesn’t include Bed Bath…

Report: Bed Bath & Beyond in Talks to Sell Buybuy Baby
June 6, 2023 at 4:43 pm

Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, The Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Go Global Retail owns children's clothing brand Janie and Jack and womenswear label ModCloth, which it acquired from Walmart. It primarily invests…

Qurate Retail Group Sells Zulily to Private Equity Firm
May 29, 2023 at 7:05 pm

Qurate Retail Group, the owner of shopping networks QVC and HSN, has sold online retailer Zulily to private equity investment firm Regent for an undisclosed sum. Regent owns and operates several consumer brands, including Club Monaco, DIM Paris, La Senza, Escada, and DiamondBack. Terry Boyle, a former Nordstrom executive and e-commerce veteran, was named Zulily’s president and CEO…

Tempur Sealy Buying Mattress Firm in $4 Billion Deal
May 9, 2023 at 4:50 pm

Tempur Sealy International Inc announced on Tuesday it's buying retailer Mattress Firm in a cash-and-stock deal valued at about $4 billion, as the leading bedding maker looks to grow its business and stem a post-pandemic weakness in sales, reports CNBC. Mattress Firm, part-owned by Steinhoff International Holdings NV, is among the biggest bedding retailers in the U.S.,…

francesca's Acquires Richer Poorer to Bolster Digital, Wholesale Operations
May 4, 2023 at 5:17 pm

francesca’s, a nationwide chain of fashion and accessories boutiques based in Texas, acquired the 13-year-old digitally native brand Richer Poorer on Tuesday. Effective immediately, Richer Poorer is now a wholly owned subsidiary of Francesca’s. The terms of the deal weren't disclosed, but according to Andrew Clarke, CEO of francesca’s, the impetus was Richer Poorer’s experience with…