Mergers & Acquisitions

What Amazon’s Acquisition of Selz Means for CPG Firms
March 1, 2021 at 4:15 pm

Amazon.com's recent acquisition of Australia-based Shopify competitor Selz is starting to drum up speculation, coincidentally just as Shopify released strong financial results last month. The purchase occurred in January without any publicity, which sparks questions around the intent of the acquisition and what it means for the future of commerce. CPG firms should pay close…

Tractor Supply Acquires Rival Orscheln Farm and Home for $297M
February 18, 2021 at 4:42 pm

Tractor Supply Co. announced on Wednesday that it will acquire the network of 167 Orscheln Farm and Home stores operating in 11 states. There are Orscheln retail outlets in Arkansas, Illinois, Indiana, Iowa, Kansas, Kentucky, Missouri, Nebraska, Ohio, Oklahoma, and Texas. Orscheln Farm and Home employs 2,800 people and sells tools, apparel and sporting goods, along…

Office Depot Rejects Staples Buyout Offer, Proposes Alternative Ventures
January 19, 2021 at 6:48 pm

Office Depot has rejected another takeover attempt by office supply rival Staples, according to a letter sent Tuesday by a company executive, reports CNBC. In the letter, the chairman of the board for the parent company of Office Depot, ODP, said it would be open to another deal that draws less scrutiny from antitrust regulators.…

Staples Looks to Immediately Acquire Office Depot in $2.1B Bid
January 12, 2021 at 9:25 pm

Staples on Monday sent a bid to Office Depot's board of directors with an offer to acquire the rival office supplies company for $40 per share, or $2.1 billion, reports South Florida SunSentinel. Staples, which is now a privately held company controlled by the private equity group Sycamore Partners, threatened to start buying shares in…

Sportsman’s Warehouse Acquired by Bass Pro Shops, Cabela’s Parent Company
December 22, 2020 at 3:40 pm

The Great American Outdoors Group has agreed to acquire Sportsman's Warehouse, a leading outdoor specialty company based in the western U.S. with 112 store locations, according to a press release. The Great American Outdoors Group portfolio of brands includes Bass Pro Shops, Cabela’s, White River Marine Group, and a collection of nature-based resorts. The parties expect the deal to…

Bed Bath & Beyond to Sell Cost Plus World Market to Private Equity Firm
December 15, 2020 at 7:17 pm

Best Bath & Beyond (BB&B) said earlier this week that it will sell Cost Plus World Market as it aims to stabilize sales and focus on its core business. The home goods retailer announced that it’s struck an agreement with Los Angeles-based private equity firm, Kingswood Capital Management, which will buy Cost Plus World Market. The…

Home Depot to Acquire HD Supply in $8B Deal
November 18, 2020 at 8:05 pm

Home Depot announced on Monday that it plans to buy HD Supply for about $8 billion, Yahoo! Finance reported. This would set the home improvement chain up to regain control over the industrial materials wholesaler after selling it over 10 years ago to Bain Capital, Carlyle Group, and Clayton, Dubilier and Rice. Home Depot is…

Topgolf Acquisition Bolsters Callaway Golf, the No. 2 Fastest-Growing Retailer
October 29, 2020 at 5:12 pm

Callaway Golf is buying trendy driving-range outfit Topgolf International in an all-stock transaction valued at $2 billion — giving the Carlsbad, Calif.-based company control of the party-golf attraction that’s credited with luring new players to the game. The deal was announced Tuesday. Callaway already owns 14 percent of Topgolf. It first invested in the company…

LVMH and Tiffany & Co. Agree on Reduced Acquisition Price
October 29, 2020 at 2:55 pm

France’s LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co. after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector’s biggest-ever deal. The new takeover price was set at $131.5 a share, down from $135 in the original deal, the companies said in a statement on…

J.C. Penney Purchased by Pair of Mall Operators
September 10, 2020 at 11:14 am

J.C. Penney reached an agreement yesterday to sell its retail business to mall operators Simon Property Group and Brookfield Property Partners, averting a total liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500 million in debt to buy J.C. Penney, lawyers for the retailer said at a Bankruptcy Court hearing. The deal…