Mergers & Acquisitions

Estée Lauder to Acquire Tom Ford in $2.8 Billion Deal
November 16, 2022 at 12:22 pm

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 to Acquire Adore Me for $400M
November 1, 2022 at 8:30 pm

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…

Senators Call for Antitrust Panel to Evaluate Kroger-Albertsons Merger
October 20, 2022 at 4:56 pm

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…

Sources: Kroger Nears Acquisition of Albertsons
October 13, 2022 at 3:59 pm

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…

Poshmark Acquired by South Korea’s Naver for $1.2B
October 4, 2022 at 6:53 pm

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 Secures $32M in Debt Refinancing
September 12, 2022 at 2:36 pm

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 to Acquire Home Health Giant Signify Health for Roughly $8B
September 6, 2022 at 5:42 pm

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…

Signet Jewelers to Acquire Blue Nile for $360M
August 9, 2022 at 2:21 pm

Signet Jewelers, parent company of Zales, Jared, Kay Jewelers, among other jewelry brands, said Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all-cash deal. The move will help Signet to appeal to younger consumers and grow its bridal business. Signet said the deal, which will be funded with cash…

Amazon to Acquire iRobot for $1.7 Billion
August 8, 2022 at 3:47 pm

Amazon.com is adding a new device to its collection of tech products with the acquisition of iRobot, which is best known for its automatic home vacuum, the Roomba. The e-commerce giant announced Friday that it had purchased the builder of consumer robots for $1.7 billion, or $61 per share. Dave Limp, senior vice president of Amazon Devices, said…

Walgreens Decides to Keep Boots Business ... for Now
June 28, 2022 at 3:14 pm

After a six-month review period that saw its own stock and the broader markets falling by more than 20 percent, Walgreens announced Tuesday that it has decided to retain ownership of its U.K.-based Boots unit, as well as its No7 cosmetics brand, reports PYMNTS. A deal that had been reputed to be worth up to…