Mergers & Acquisitions

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…

Forever 21 Enters Deal to Sell Retail Business for $81 Million
February 3, 2020 at 2:15 pm

Forever 21 has reached an $81 million deal to sell its retail business to a consortium made up of mall operators Simon Property Group and Brookfield Properties, and brand management firm Authentic Brands Group. In a bankruptcy court filing, the mall-based retailer said it's seeking approval to name the three as the lead "stalking-horse bidders" in an…

Tailored Brands to Sell Joseph Abboud for $115M
January 21, 2020 at 1:28 pm

Tailored Brands said last week that it would sell its Joseph Abboud trademarks to WHP for $115 million, but will retain exclusive rights to sell and rent Joseph Abboud-branded apparel and related merchandise in the U.S. and Canada. Tailored Brands, an omnichannel specialty retailer of menswear also owns the Men's Wearhouse, Jos. A. Bank, Moores Clothing…

Sears Sells DieHard Brand to Advance Auto Parts for $200M
January 2, 2020 at 12:00 pm

Advance Auto Parts is acquiring Sears’ DieHard brand for $200 million in cash, CNBC reported. DieHard is known for its car batteries, and under a supply agreement, Transformco, Sears’ parent brand, will still have the right to sell some DieHard items in Sears stores. Transformco will also have an exclusive royalty-free perpetual license from Advance Auto…

LVMH to Acquire Tiffany & Co. for $16.2B
November 25, 2019 at 11:54 am

French luxury group LVMH Moët Hennessy Louis Vuitton and global jeweler Tiffany & Co. today announced that they have entered into a definitive agreement whereby LVMH will acquire Tiffany for $16.2 billion. The boards of the luxury businesses have been discussing a potential deal since last month, when it was reported that LVMH offered to buy…

Barneys’ New York Flagship Store to Remain Open for at Least a Year Following Bankruptcy Sale
November 5, 2019 at 1:04 pm

Barneys New York Inc’s flagship Madison Avenue outlet in Manhattan will remain open for at least another year, albeit in a slimmed-down form, while the buyer of the luxury retailer negotiates with the store’s landlord. A bankruptcy judge approved the sale of Barneys brands and other intellectual property to Authentic Brands, a firm that acquires and…