Mergers & Acquisitions

J.C. Penney Purchased by Pair of Mall Operators
September 10, 2020 at 11:14 am

J.C. Penney reached an agreement yesterday to sell its retail business to mall operators Simon Property Group and Brookfield Property Partners, averting a total liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500 million in debt to buy J.C. Penney, lawyers for the retailer said at a Bankruptcy Court hearing. The deal…

Louis Vuitton Owner LVMH is Pulling Out of its Acquisition of Tiffany & Co.
September 9, 2020 at 4:26 pm

Luxury goods giant LVMH is scrapping its $16.2 billion acquisition of Tiffany & Co., CNBC reported. The acquisition would have been the biggest deal ever in the luxury industry. The merger agreement was signed last November and had a closing deadline of no later than Nov. 20, 2020. However, Tiffany requested an extension until Dec. 31,…

Adweek Acquires Target Marketing and Publishing Executive
September 2, 2020 at 11:53 am

In its first acquisition since being acquired by Shamrock Capital in June, Adweek announced the purchase of Target Marketing and Publishing Executive from NAPCO Media. Terms of the transaction were not disclosed.

Intimates Brand Bare Necessities to Be Acquired by Delta Galil Industries
August 25, 2020 at 1:59 pm

Delta Galil Industries, the global manufacturer and marketer of branded and private-label apparel products for men, women and children, as well as leisurewear and activewear, announced that it has signed an agreement to acquire leading intimates brand Bare Necessities from Walmart, Inc. The transaction is expected to close in the next few weeks and be accretive…

Simon Property Group and Authentic Brands Group to Acquire Lucky Brand
August 18, 2020 at 2:22 pm

A partnership of the biggest U.S. mall owner, Simon Property Group, and apparel licensing firm Authentic Brands Group (ABG) has been tapped by a bankruptcy court as the winning bidder to acquire denim maker Lucky Brand for $140.1 million, reports CNBC. The two — in a venture known as Sparc — announced last week that they're set to assume the…

Amazon Reportedly Explores Acquisition of J.C. Penney
May 21, 2020 at 10:38 am

Amazon.com could be interested in buying all or part of the J.C. Penney chain, according to a report Monday from Women’s Wear Daily (WWD). "There's an Amazon team in Plano as we speak,” one source told WWD. “There is a dialogue, and I’m told it has a lot to do with Amazon eager to expand its apparel…

Victoria's Secret Calls Off Deal With Sycamore Partners
May 6, 2020 at 6:31 pm

L Brands, Victoria's Secret's parent company, announced that it has called off its deal with private equity firm Sycamore Partners, CNN reported. L Brands was planning to take the lingerie retailer private, and had reached a $525 million deal with Sycamore Partners three months ago. The deal would have split control of Victoria's Secret, with Sycamore…

CVS Acquires 110 Schnuck Pharmacies Across the Midwest
March 11, 2020 at 11:49 am

CVS Health will acquire Schnuck Markets Inc.'s retail and specialty pharmacy businesses, which includes 110 Schnuck pharmacy stores, reports Forbes. According to a company press release, CVS Pharmacy and its subsidiaries will acquire and operate 99 of the grocer's pharmacies and will brand them as CVS Pharmacy. Additionally, CVS Pharmacy and its subsidiaries will acquire the…

Forever 21 Acquisition Finalized, US Stores to Remain Open
February 21, 2020 at 9:29 am

Three companies finalized the acquisition of Forever 21, marketing company Authentic Brands Group announced earlier this week. The new ownership group — mall owners Simon Property Group and Brookfield Property Partners, with Authentic Brands — say they expect to keep Forever 21's 448 U.S. stores open. Court filings earlier this month put the price of the sale at $81…

1-800-Flowers.com Acquires PersonalizationMall.com for $252M
February 19, 2020 at 2:53 pm

1-800-Flowers.com announced it is acquiring PersonalizationMall.com for $252 million, according to a press release sent to Total Retail on Tuesday morning. PersonalizationMall.com is an online retailer of personalized products that offers thousands of SKUs available with a broad range of innovative personalization options. 1-800-Flowers.com is purchasing the company from Bed Bath & Beyond, which has wholly owned…