Mergers & Acquisitions

Destination XL Group's (DXL) board of directors no longer believes its planned merger with FullBeauty Brands is in the best interests of DXL and its stockholders, reports Yahoo Finance. The company on Monday issued a preliminary proxy statement recommending that stockholders vote against an issuance proposal, which is needed to consummate the merger. DXL cited…

GameStop has nearly doubled its stake in eBay to 9.8 percent, escalating pressure on the online marketplace after its unsolicited takeover proposal was rebuffed earlier this year. According to a regulatory filing with the U.S. Securities and Exchange Commission, GameStop now owns 43.4 million eBay shares after significantly increasing its position over recent weeks. The…

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant's first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago. The acquisition will strengthen Kroger's presence across several Midwestern and Mid-Atlantic markets as traditional grocery chains compete with Walmart…

Walmart, which has developed one of the most sophisticated retail media networks, advanced its advertising strategy on Tuesday to sell more ad space across connected TV (CTV). The retailer announced it has entered into an agreement to acquire Vibe.co, a self-serve CTV ad platform that aims to simplify advertising for small and midsized businesses (SMBs).…

Sleep Number has filed for Chapter 11 bankruptcy protection and reached a deal to sell its assets to Sleep Country Canada, Canada's largest mattress company, reports Yahoo Finance. If approved, the arrangement will keep Sleep Number's stores open and allow the new company to honor Sleep Number's warranties, gift cards, store credits and rewards points,…

Estée Lauder has decided to terminate a potential merger with Spanish beauty group Puig, reports CNBC. The American beauty giant, which owns the Clinique and Tom Ford Beauty brands, said in March that it was in discussions with Puig, the owner of Charlotte Tilbury and Jean Paul Gaultier, to combine the companies. However, Estée Lauder…

Online fast-fashion retailer Shein is said to be acquiring Everlane, the apparel brand known for its sustainability ethos, in a deal valuing the company at $100 million, according to a report by Puck News. While the transaction has not been confirmed by either party yet, Puck reported that majority owner L Catterton’s board of directors approved the sale this past…

eBay on Tuesday rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive,” reports CNBC. GameStop CEO Ryan Cohen last week unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. eBay is much larger than the video game retailer, with…

GameStop announced Sunday that it has made an unsolicited, nonbinding offer to acquire eBay for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion, reports CNBC. The offer, split evenly between cash and GameStop common stock, represents a 20 percent premium to eBay’s Friday close of $104.07, and a…

Consolidation has long been a key growth strategy across retail and CPG. Big companies have spent decades buying up competitors, acquiring niche brands, and expanding into new categories. Why? Ideally, a large, varied portfolio would drive scale, diversification, market share, consumer trend alignment, and business growth. But as the industry evolves, are portfolio cracks starting…