Mergers & Acquisitions
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…
June 1, 2015 at 2:51 pm
The parent company of Bluestem Brands, which operates in St. Cloud, is expected to acquire a similar business called Orchard Brands Corp. Orchard announced Wednesday that it has a definitive agreement to be acquired by Capmark Financial Group Inc. for $410 million in cash. Capmark is a holding company whose businesses include Bluestem, an online…
June 1, 2015 at 2:38 pm
Dollar Tree said Friday that it has agreed to sell 330 of its stores to the private equity firm Sycamore Partners in order to get regulatory approval for its $8.5 billion purchase of Family Dollar. The Chesapeake, Virginia-based company said earlier this month that it would sell the stores, but it had not disclosed the…
May 27, 2015 at 3:46 pm
Mall retail staple Hot Topic has entered into an agreement to buy Geeknet, Inc., the parent company of online retailer ThinkGeek. Hot Topic will pay $122 million to buy all outstanding shares of Geeknet. Hot Topic CEO Lisa Harper said the company is pleased to have entered into this agreement, and it looks forward to…
May 26, 2015 at 3:49 pm
Department stores have dominated the cosmetics world for a long time. Macy’s purchase of the growing Bluemercury chain is an acknowledgment that things are changing at the lipstick counter. In February, Macy’s paid $210 million for Bluemercury, a chain of upscale beauty shops and spas based in Washington, D.C. Bluemercury’s new Dallas store is the first of about…
