Mergers & Acquisitions
June 29, 2017 at 12:13 pm
Walgreens Boots Alliance announced it will now only purchase half of Rite Aid's stores. Forbes reports the new deal is to help the acquisition pass regulatory scrutiny from the Federal Trade Commission. Rite Aid will remain a "multiregional" drugstore chain after selling 2,186 of its 4,500 stores to Walgreens. Rite Aid will receive $5.175 billion…
June 29, 2017 at 11:41 am
Private equity firm Sycamore Partners announced today that it will buy Staples for $10.25 per share, in a deal which values the office supply retailer at around $6.9 billion. CNBC reports Staples has 1,255 stores in the United States and 304 in Canada. It has the largest market share of office supply stores in the U.S.…
June 27, 2017 at 10:57 am
Lowe’s announced that it has completed its $512 million purchase of Maintenance Supply Headquarters, which will help improve its offerings for its growing and lucrative base of professional customers, such as contractors. Maintenance Supply Headquarters, based in Houston, distributes products designed to maintain and renovate multifamily buildings, including appliances, plumbing, HVAC and lighting. The company employs roughly…
June 26, 2017 at 12:03 pm
Wal-Mart Stores Inc. is not actively considering making an offer for Whole Foods Market Inc, according to report from Reuters on Friday. Whole Foods, which accepted a $13.7 billion offer from Amazon.com earlier this month, hasn't received any rival bids as of Friday. Last week, Wall Street analysts expected a rival offer for Whole Foods…
June 23, 2017 at 12:35 pm
It was announced today that private equity firm Sycamore Partners is close to a deal to acquire Staples Inc. Reports say the acquisition price could surpass $6 billion. The acquisition would come one year after a judge put a stop to a merger between Staples and rival Office Depot on antitrust grounds. Sycamore is looking…
June 23, 2017 at 11:46 am
In this episode of Retail Right Now, Total Retail's Taylor Knight reviews the top retail news of the week — and it's an all Amazon.com episode. The retailer announced Prime Wardrobe, a new program for its Amazon Fashion business; there's potentially other bidders for Whole Foods Market, which Amazon announced as its latest acquisition; and finally, Amazon has…
June 22, 2017 at 1:03 pm
Amazon.com's plans to purchase Whole Foods Market might be foiled by another interested buyer. The Los Angeles Times reports Wall Street signaled Monday that it expects a rival offer for Whole Foods to surface, and many industry and merger experts agreed. “We wouldn't be surprised if there's a bidding war” for Whole Foods, the 465-store chain that…
June 16, 2017 at 11:36 am
In this episode of Retail Right Now, Executive Editor Joe Keenan talks about Gymboree's bankruptcy filing, Sears’ jobs cuts, as well as some breaking news — Amazon has purchased Whole Foods, and Wal-Mart has acquired Bonobos.
June 16, 2017 at 11:30 am
Amazon.com Inc. and Whole Foods Market Inc. announced today they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for approximately $13.7 billion, including Whole Foods Market's debt. Whole Foods Market will continue to operate stores under the Whole Foods Market brand. John Mackey will remain as CEO of…
June 16, 2017 at 11:20 am
Wal-Mart Stores Inc. today announced it has entered an agreement to acquire Bonobos, Inc., the 10-year-old men's clothing brand that started by selling pants online, but has since expanded its assortment and opened dozens of brick-and-mortar showrooms, for $310 million in cash. The acquisition, which is subject to regulatory approval, is expected to close toward…
