Mergers & Acquisitions

Those who dabble in real estate may be tempted to buy perfectly beautiful homes in the most expensive of neighborhoods. These investments would certainly be secure, and they would most likely turn a profit when it came time to liquidate. However, the return on investment would be minimal, as these properties probably had high valuations…

PVH Corp entered a definitive agreement to sell its Heritage brands ARROW, Geoffrey Beene, IZOD, and Van Heusen to focus on global growth brands Calvin Klein and TOMMY HILFIGER. The company will sell the four Heritage brands to Authentic Brands Group (ABG) for $220 million in cash. The transaction is expected to close in Q3…

E-commerce grocery shopping platform Boxed and Seven Oaks Acquisition Corp., a special-purpose acquisition company, or SPAC, announced they would go public in a deal that would value the combined company at $900 million. Boxed would use the money to serve more households and businesses that started ordering groceries online during the pandemic. The combined company will be called…

E-commerce marketplace Etsy is buying resell fashion app Depop for $1.62 billion, CNBC reported. Depop was founded in the U.K. in 2011, and is popular predominantly with Gen Z shoppers. The app allows consumers to buy and sell used clothes through its online marketplace, and promotes ethical shopping. Etsy expects to finalize the deal by…

Amazon.com will purchase MGM Studios for $8.45 billion, CNBC reported. This deal is the second-largest acquisition in Amazon's history, behind its purchase of Whole Foods in 2017 for $13.7 billion. MGM has been looking for a buyer for several years after emerging from bankruptcy in 2010. Mike Hopkins, senior vice president of Prime Video and Amazon…

Walmart announced that it will acquire virtual fitting room startup Zeekit as it makes a push into fashion and caters to customers shopping for clothes online. Financial terms of the deal were not disclosed. In a post on the company’s website, Walmart U.S. executive vice president of apparel and private brands, Denise Incandela, said customers will…

The owner of Barnes & Noble, Elliot Investment Management, announced it will acquire stationery retailer Paper Source, CNBC reported. The acquisition will give Paper Source the finances it needs to come out of its Chapter 11 bankruptcy. According to CNBC, Barnes & Noble CEO James Daunt will oversee both companies. The two businesses may partner…

L Brands said Tuesday it will spin off its Victoria’s Secret brand rather than sell it, reports CNBC. The company said it received interest from multiple potential buyers, but its board concluded that separating Victoria’s Secret and Bath & Body Works into two separate publicly traded companies would be a better option. In recent weeks,…

Sparc Group, the entity formed by mall REIT Simon Property Group and brand management firm Authentic Brands Group (ABG), will acquire Eddie Bauer from PSEB Group, an operating company owned by Golden Gate Capital, for an undisclosed amount. The announcement comes 12 years after Golden Gate Capital acquired the outdoor lifestyle gear maker out of bankruptcy.…

Nogin, an outsourced e-commerce company that focuses on fashion and consumer products, announced in a press release that it has acquired ModCloth. The company purchased the digital-native retailer from Go Global for an undisclosed amount after Go Global previously acquired ModCloth from Walmart in January 2020. According to the press release, Nogin plans to refresh…