Mergers & Acquisitions
On Monday, Steve Madden Ltd. announced that it has acquired Greats, a Brooklyn-based digitally native maker of Italian-made sneakers. Greats is a player in the expanding athletic shoe sector at a time when casual styles, even for the office, are on-trend. Greats was founded in 2014. Following up on its acquisition of Greats, Steve Maddenโฆ
August 6, 2019 โ Fairfax, Va., and Philadelphia, Pa. โ In a move that further enhances its current partnership with NAPCO Media and creates unprecedented value for the industry, the Specialty Graphic Imaging Association (SGIA) today announced that it has acquired NAPCO Media. Under the terms of the agreement, which has been unanimously approved byโฆ
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,โฆ
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 summerโฆ
Brazilโs 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 willโฆ
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 hasโฆ
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 Harryโs 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 Edgewellโs operations in the United States. Harryโsโฆ
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 willโฆ
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 platformโฆ
In this episode of Retail Right Now, Joe Keenan offers five predictions for the retail industry in 2019, from a variety of sources.