Mergers & Acquisitions
July 6, 2021 at 2:05 pm
Part one of this series likened the investment in an underperforming online brand to putting one’s money in a “fixer-upper” home that needs a lot of work because, in both cases, there's a greater chance of maximizing one’s return on investment. Part one addressed two of five important growth vectors that e-commerce aggregators and other…
June 29, 2021 at 4:29 pm
Online crafts marketplace Etsy announced on Monday a $217 million deal to acquire Brazilian online marketplace Elo7, reports CNBC. Etsy CEO Josh Silverman is banking on Latin America to be a growth catalyst for the e-commerce company, calling Elo7 “the Etsy of Brazil.” Similar to Etsy, Elo7 allows merchants to set up an online shop and sell…
June 29, 2021 at 3:35 pm
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…
June 24, 2021 at 2:53 pm
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…
June 14, 2021 at 6:40 pm
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…
June 2, 2021 at 5:54 pm
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…
May 26, 2021 at 7:21 pm
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…
May 13, 2021 at 6:35 pm
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…
May 12, 2021 at 3:46 pm
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…
May 11, 2021 at 4:21 pm
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,…
