Mergers & Acquisitions
LVMH is buying luxury eyewear brand Barton Perreira, famed for making James Bondโs shades, as it taps into the fast-growing designer sunglass market, reports CNBC. LVMHโs Thelios eyewear division agreed to acquire Irvine, California-based Barton Perreira for an undisclosed sum. The deal is Thelioโs second big acquisition in two months, after it bought French Alpineโฆ
The consumer packaged goods conglomerate Unilever announced the sale of Dollar Shave Club to a private equity firm, Nexus Capital Management LP, whose portfolio includes the shoe brand Toms, the plant-based food and beverage brand TruRoots, and the beauty supplement brand Sugarbear, among others. Unilever, based in London, will retain a minority interest of 35 percent. The sale comesโฆ
Overstock.com, Inc., which operates as Bed Bath & Beyond, today announced that it will change its corporate name to Beyond, Inc. effective Nov. 6, 2023. The company will also transfer its stock listing from the Nasdaq Global Market (NASDAQ) to the New York Stock Exchange (NYSE) and change its ticker symbol from OSTK to BYON. Followingโฆ
E-commerce giant Shopify is now a stakeholder in the wholesale platform Faire, the companies announced Wednesday. The deal establishes Faire as the recommended wholesale marketplace for Shopify and expands Shopifyโs B2B offerings, helping drive growth for the brands as well as the independent retailers the two companies serve. โAt Faire we have long admired Shopifyโs like-mindedโฆ
Womenโs apparel retailer Soft Surroundings last week filed for Chapter 11 bankruptcy and announced plans to close all 44 of its stores. The companyโs remaining assets have been acquired by Coldwater Creek under the ownership of Newtimes Group, which plans to continue to sell Soft Surroundings' apparel and accessories online and via catalogs. Soft Surroundings has secured $18 millionโฆ
Grocery chains Kroger and Albertsons plan to sell more than 400 stores to C&S Wholesale Grocers for nearly $2 billion, Reuters reported Wednesday. The sale is part of a proposed $24.5 billion merger between the two companies, which are trying to secure U.S. regulatory clearance. Reuters reported the deal would give C&S, a privately heldโฆ
Private equity group Consortium Brand Partners announced Wednesday that it has acquired actress Reese Witherspoonโs fashion and lifestyle brand, Draper James, through a majority stake. According to the deal, Consortium Brand Partners acquired a 70 percent stake in the company for an undisclosed amount while Witherspoon remains a partner and board member in the business.โฆ
e.l.f. Beauty has signed a definitive agreement to acquire Naturium, a fast-growing, high performance skin care brand for $355 million in a combination of cash and stock, the company announced Tuesday. The deal is expected to double e.l.f. Beautyโs presence in skin care to approximately 18 percent of retail sales. The transaction, which is subjectโฆ
Fast-fashion competitors SHEIN and Forever 21 have joined forces. On Thursday, the retailers announced a deal that will bring together two brands that have a strong following of young shoppers and a reputation for trendy clothing and accessories at low prices. As part of the joint venture, SHEIN will acquire about a third of Forever 21โฒsโฆ
Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced Thursday. The transaction will create an American fashion giant that โ while still not quite as large as its European competitors โ will be better positioned to compete in the luxury market. It brings together six fashionโฆ