Mergers & Acquisitions

Barnes & Noble Acquired by Elliott Management for $683M
June 7, 2019 at 2:23 pm

Hedge fund Elliott Management announced Friday that the firm will acquire bookseller Barnes & Noble for $683 million, reports CNBC. The acquisition is set to close in the third quarter of 2019, and will be structured as a merger. Barnes & Noble has faced increasing pressure from Amazon.com as well as independent booksellers in recent years,…

FTD Files for Chapter 11 Bankruptcy Protection
June 3, 2019 at 2:30 pm

Flower-delivery provider FTD Cos. filed for chapter 11 bankruptcy protection Monday in the U.S. Bankruptcy Court for the District of Delaware, with plans to auction off its businesses while paying down debt. The company began restructuring and reviewing strategic alternatives last year. FTD warned in March that it could go out of business or shrink its operations this summer…

Natura to Buy Avon Products for About $2B in Stock
May 24, 2019 at 9:10 am

Brazil’s Natura Cosmeticos SA agreed to buy rival Avon Products Inc. in an all-stock deal valued at about $2 billion, positioning it as a growing force in the booming global cosmetics and skincare industry. Controlling shareholders of Natura, which bought the Body Shop retail chain in 2017, will form a new publicly traded holding company that will…

Kohl's Explores Acquiring At Home Group
May 17, 2019 at 12:01 pm

Kohl's Corp. has approached At Home Group Inc. to express interest in acquiring the U.S. home decor retail chain, people familiar with the matter said on Wednesday. A deal would help Kohl's expand its customer base, which focuses on women's, men's and children's clothing, and boost its presence in the home goods category, which has…

Shaving Startup Harry’s Sold to Owner of Schick for $1.37B
May 9, 2019 at 12:50 pm

Edgewell Personal Care, the company that owns the Schick and Wilkinson razor brands as well as Hawaiian Tropic, plans to announce on Thursday that it will buy Harry’s for about $1.37 billion in stock and cash. The deal will lead to Harry's co-founders Andy Katz-Mayfield and Jeff Raider running Edgewell’s operations in the United States. Harry’s…

Foot Locker Announces $12.5M Investment in Rockets of Awesome
February 27, 2019 at 11:15 am

Foot Locker announced Tuesday that it's investing $12.5 million in New York City-based children's apparel brand Rockets of Awesome, according to CNBC. The athletic footwear retailer will open Rockets of Awesome clothing shops within Kids Foot Locker locations, making it the largest retailer of the children's brand's products in the U.S. In addition, Foot Locker will…

Foot Locker Invests $100M in Secondary Sneaker Market GOAT
February 7, 2019 at 11:03 am

Foot Locker has announced a $100 million strategic investment in GOAT Group, which operates secondary sneaker market brands GOAT and Flight Club. It is the retailer's largest investment in its history. GOAT, the sports acronym for Greatest of All Time, was founded in 2015 by college friends Eddy Lu and Daishin Sugano. Sneaker listings on the GOAT platform…

5 Retail Industry Predictions for 2019
January 4, 2019 at 9:03 am

In this episode of Retail Right Now, Joe Keenan offers five predictions for the retail industry in 2019, from a variety of sources.

Procter & Gamble Acquires Walker & Company
December 13, 2018 at 2:28 pm

Procter & Gamble, the consumer packaged goods company known for such household staples as Tide and Old Spice, will acquire Walker & Company Brands, the company that makes health and beauty products for people of color launched by entrepreneur Tristan Walker five years ago. Walker & Company Brands will operate as a separate and wholly-owned…

Walmart to Acquire Art.com
December 7, 2018 at 2:34 pm

Walmart announced Thursday that it plans to acquire online artwork retailer Art.com. According to Business Insider, Walmart will acquire the entire art company for an undisclosed price and will continue to operate it as a standalone site. Walmart will eventually add Art.com's product assortment to Walmart.com, Hayneedle.com, and Jet.com, two more of the retailer's acquired…