Mergers & Acquisitions

Designer Brands, the Columbus, Ohio-based parent company of DSW, has acquired canvas shoe brand Keds, furthering its foothold in casual and athleisure footwear. Acquired from Rockford, Michigan-based footwear manufacturer Wolverine Worldwide, the brand was founded in 1916 as the first mass-marketed canvas-top sneaker. The acquisition of Keds includes all Keds' products, including its athletic line, Pro-Keds, and…

In a move aimed at growing its healthcare portfolio, CVS announced on Wednesday that it has acquired Oak Street Health for approximately $10.6 billion. Oak Street Health, a multi-payer primary care company whose patients include those on Medicare with low incomes and chronic health problems, was founded in 2012. More than 50 percent of Oak…

Designer Brands Inc. (DBI), the parent company of DSW, announced that it has acquired Topo Athletic, a U.S. maker of running, walking, hiking and comfort shoes. With the acquisition, DBI expands its assortment of athletic performance footwear and progresses its owned brands strategy. The acquisition will also provide Topo with access to additional resources. Topo's founder and…

Estée Lauder Companies is acquiring its longtime partner Tom Ford, bringing the two American luxury beauty and fashion labels together, the companies announced Tuesday. Tom Ford, who created the high-end apparel, beauty, eyewear and accessories brand in 2005, will sell for $2.8 billion, making this the largest deal in the luxury industry this year, according…

Victoria’s Secret & Co. said Tuesday it has signed a definitive agreement to acquire Adore Me, Inc., a lingerie startup known for its wide array of sizes, for $400 million in cash, reports CNBC. The move comes as Victoria’s Secret aims to become more inclusive and increase the diversity of its products. The deal is expected…

The proposed $25 billion Kroger-Albertsons merger is already running into significant opposition from progressive lawmakers and others, according to CNN. A Senate antitrust panel will hold a hearing next month on the Kroger-Albertsons merger focused on how the deal could impact competition in the grocery industry. This comes after several senators raised concerns and called on…

Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber. Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11 percent in afternoon trading. Kroger rose modestly. The all-cash acquisition may be announced…

South Korean internet giant Naver is acquiring U.S. e-retailer Poshmark for roughly $1.2 billion, paying $17.90 per share in the all-cash deal, reports CNBC. The companies announced the purchase on Monday, and expect it to close by Q1 2023, subject to approval by Poshmark stockholders and “the satisfaction of certain other customary closing conditions.” Naver…

Tuesday Morning Corp., the Dallas-based off-price home goods retailer, has entered into an agreement to secure $32 million in debt financing from a special purpose vehicle (SPV) formed by Retail Ecommerce Ventures (REV) — the owner of Pier 1 Imports, Linens ‘n Things, Stein Mart, Modell’s Sporting Goods — and Ayon Capital LLC. Additionally, several members of…

CVS Health has reached a deal to acquire in-home healthcare company Signify Health for about $8 billion, reports CNBC. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would enable the pharmacy chain to offer care to more customers in their homes. Signify offers patient care through virtual and in-person…