Mergers & Acquisitions
July 13, 2015 at 2:18 pm
Rakuten, Japan’s answer to Amazon.com with e-commerce operations and investments that stretch from digital media and e-commerce marketplaces through to social media and transport apps, is making another acquisition to expand its holdings, this time in the area of fashion. The company has acquired Fits.me, a startup that develops “virtual fitting rooms” — two-way technology…
July 10, 2015 at 1:48 pm
Coty Inc, the U.S. maker of Calvin Klein and Chloe perfume, will buy Procter & Gamble's perfume, hair care and makeup businesses for $12.5 billion in the biggest cosmetics merger in recent history. Coty would become the No. 1 perfume maker ahead of L'Oreal and No. 3 makeup provider behind its French rival and Estee…
July 6, 2015 at 2:08 pm
Dollar Tree is expected to complete its purchase of Matthews, N.C.-based Family Dollar today, drawing to a close a yearlong takeover saga that included a separate buyout attempt from another discount retailer, Dollar General. It also will effectively end local ownership of the homegrown retail chain that traces its roots back to 1959, when Leon…
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…
