Mergers & Acquisitions
July 31, 2017 at 12:54 pm
A merger between Staples and Office Depot may happen after all, at least according to a report from the New York Post. According to the report, Staples has been in talks to spin off its 1,500 retail stores to Office Depot. Neither Staples nor Office Depot commented on the story. Total Retail's Take: The latest…
July 25, 2017 at 8:49 am
Michael Kors Holdings said this morning that it has agreed to buy the shoe company Jimmy Choo for 896 million pounds, or about $1.2 billion, the latest push by an American high-end fashion house to find sources of growth in an increasingly competitive retail landscape. Michael Kors said it expected to open new Jimmy Choo retail…
July 21, 2017 at 10:52 am
In this episode of Retail Right Now, Associate Content Editor Taylor Knight reviews the top retail news of the week, including antitrust concerns around the Amazon-Whole Foods deal, Wal-Mart's marketplace ad containing a racial slur and L.L.Bean moving away from its traditional back-to-school catalog.
July 21, 2017 at 9:51 am
As part of its review of Amazon.com's recent purchase of Whole Foods, the Federal Trade Commission is looking into allegations that the retailer misleads customers about its pricing discounts, a source told Reuters on Thursday. The FTC is probing a complaint brought by the advocacy group Consumer Watchdog, which reviewed some 1,000 products on Amazon's…
July 18, 2017 at 9:55 am
Amazon.com’s expansion plans, including its agreement to buy Whole Foods Market Inc. for $13.7 billion, are raising hackles in Washington — and Wall Street is taking notice. A U.S. lawmaker has called for hearings on the proposed deal to consider its ramifications for shoppers and workers. Hedge-fund manager Doug Kass has taken a short position on the fast-growing…
July 17, 2017 at 12:09 pm
True Value Co. is considering a sale that could net the home improvement chain about $800 million, according to a recent report by Bloomberg. The company is reportedly working with an investment bank to examine strategic options, including a sale. The process is expected to attract private equity firms. No final decision has been made…
July 11, 2017 at 10:29 am
Vintage Capital has offered to buy Rent-A-Center Inc for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio. Rent-A-Center, based in Plano, Texas, rents out furniture and electronics and also allows customers the ability to own the products through a lease…
July 7, 2017 at 10:59 am
This episode of Retail Right Now features the week's biggest retail news, including True Religion filing for bankruptcy protection, Kroger suing Lidl for trademark infringement, and QVC buying its chief competitor, HSN.
July 7, 2017 at 9:40 am
The Home Depot has acquired Compact Power Equipment in a $265 million cash deal. Compact Power Equipment provides equipment rentals and maintenance services at more than 1,000 stores. The agreement is intended to integrate these facets of Compact’s business into Home Depot’s stores. Officials say they don't expect any layoffs to occur as a result…
July 6, 2017 at 11:36 am
Liberty Interactive Corporation, QVC's parent company, announced Thursday morning it would acquire the remaining stakes of HSN. The total value of the deal equates to $6.8 billion. MarketWatch reports HSN will become a wholly-owned subsidiary attributed to the QVC Group, making the two major retailers in the television space one company. After the deal closes, HSN…
