Mergers & Acquisitions
July 2, 2015 at 2:27 pm
Best Buy’s alliance with Samsung is getting even deeper. The Richfield, Minn.-based electronics retailer already has two store-within-a-store spaces dedicated to Samsung products — one for TVs and the other for smartphones and mobile devices. Now, in some stores, it will add a Samsung-branded space for appliances. The “Samsung Open House,” a roughly 20-by-20-foot area, was installed…
June 24, 2015 at 1:27 pm
Cosmetics and fragrance maker Coty said its interim CEO will continue in that role, and Elio Leoni Sceti, who was slated to become its CEO in about a week, won't be joining the company. The company says it will pay Leoni Sceti $1.8 million in severance and buy back preferred stock he had bought. Chairman…
June 23, 2015 at 2:21 pm
The empire Martha Stewart constructed on the strength of cooking tips, consumer media and home products will end its tenure as an independent company. Sequential Brands Group, which controls properties like Linens 'n Things and And1, has reached a deal to acquire Martha Stewart Living Omnimedia for $353 million. Stewart will become chief creative officer…
June 19, 2015 at 3:45 pm
Office Depot Inc. said its shareholders voted overwhelmingly in favor of the $6.3 billion buyout offer from larger rival Staples Inc., in a deal that would combine the two largest U.S. office suppliers. Office Depot said 99.5 percent of the votes cast were in favor of the deal at a shareholder meeting on Friday. The…
June 17, 2015 at 3:47 pm
Coty is on track to acquire Proctor & Gamble's beauty business in a $12 billion deal that would make the U.S. cosmetic company the world leader in perfume and hair care, sources close to the matter said. If the deal goes though, Coty would get its hands on brands such as Gucci and Hugo Boss…
June 16, 2015 at 1:44 pm
Authentic Brands Group LLC, which owns celebrity brands such as Elvis Presley and fashion brands including Jones New York, says it completed its buyout of lingerie brand Frederick's Of Hollywood Inc. A bankruptcy court judge in Delaware approved the $22.5 million sale earlier this month. In a statement Tuesday, Authentic Brands said the deal increases…
June 15, 2015 at 2:27 pm
CVS Health said on Monday that it had agreed to acquire the pharmacy and clinic businesses of Target for about $1.9 billion. Under the terms, CVS, which is based in Woonsocket, R.I., would acquire more than 1,600 pharmacies from Target in 47 states and operate them under the CVS brand name in Target stores. CVS…
June 15, 2015 at 2:24 pm
Hudson’s Bay Co. has a $3.9-billion (Canadian) deal — including pension liabilities — to buy German department store chain Galeria Kaufhof, industry sources say. Toronto-based Hudson’s Bay, which has been in talks for weeks with Metro AG, the parent of Kaufhof, is expected to announce the purchase as early as Monday. Hudson’s Bay was drawn…
June 3, 2015 at 2:00 pm
Video game retail giant GameStop has outbid Hot Topic to buy Fairfax-based Geeknet for $140 million. Geeknet, the parent company of pop culture collectibles and gadget maker ThinkGeek, will sell all of its outstanding shares to GameStop for $20 per share, with the total deal including $37 million in cash. Last week it looked like…
June 2, 2015 at 1:57 pm
Lifestyle retailer Boot Barn Holdings, Inc. Monday said it has entered into a definitive agreement to acquire Sheplers, Inc., a 116-year old western lifestyle company with 25 retail locations across the U.S. and an industry-leading e-commerce business, for $147 million in cash. For the 12 months ended March 28, Sheplers had net sales of about…
