Mergers & Acquisitions
June 29, 2023 at 12:24 pm
E-commerce home goods retailer Overstock.com will no longer go by its eponymous name online and will instead move under the Bed Bath & Beyond domain name in the coming weeks after acquiring the bankrupt rivalโs intellectual property, Overstock announced Wednesday. It will relaunch the Bed Bath & Beyond website in Canada within the next week, followed byโฆ
June 13, 2023 at 4:55 pm
Online retailer Overstock.com on Tuesday placed a $21.5 million bid for some of Bed Bath & Beyondโs assets, including its intellectual property, reports CNBC. Overstockโs stalking horse bid โ which will set the floor at the expected bankruptcy-run auction โ also includes the business internet and mobile properties and all business data. The offer doesnโt include Bed Bathโฆ
June 6, 2023 at 4:43 pm
Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, The Wall Street Journal (WSJ) reported on Monday, citing people familiar with the matter. Go Global Retail owns children's clothing brand Janie and Jack and womenswear label ModCloth, which it acquired from Walmart. It primarily investsโฆ
May 29, 2023 at 7:05 pm
Qurate Retail Group, the owner of shopping networks QVC and HSN, has sold online retailer Zulily to private equity investment firm Regent for an undisclosed sum. Regent owns and operates several consumer brands, including Club Monaco, DIM Paris, La Senza, Escada, and DiamondBack. Terry Boyle, a former Nordstrom executive and e-commerce veteran, was named Zulilyโs president and CEOโฆ
May 9, 2023 at 4:50 pm
Tempur Sealy International Inc announced on Tuesday it's buying retailer Mattress Firm in a cash-and-stock deal valued at about $4 billion, as the leading bedding maker looks to grow its business and stem a post-pandemic weakness in sales, reports CNBC. Mattress Firm, part-owned by Steinhoff International Holdings NV, is among the biggest bedding retailers in the U.S.,โฆ
May 4, 2023 at 5:17 pm
francescaโs, a nationwide chain of fashion and accessories boutiques based in Texas, acquired the 13-year-old digitally native brand Richer Poorer on Tuesday. Effective immediately, Richer Poorer is now a wholly owned subsidiary of Francescaโs. The terms of the deal weren't disclosed, but according to Andrew Clarke, CEO of francescaโs, the impetus was Richer Poorerโs experience withโฆ
May 4, 2023 at 12:20 pm
FullBeauty Brands, an omnichannel retailer of extended sizes and a pioneer in size-inclusive fashions, purchased plus-size fashion brand ELOQUII Inc. from Walmart in April. In this video, Editor-in-Chief Joe Keenan interviews FullBeauty Brands CEO Jim Fogarty about the acquisition, including how ELOQUII will be integrated into FullBeauty's current portfolio of brands as well as the newโฆ
April 25, 2023 at 12:05 pm
Walmart is selling online apparel brand ELOQUII to FullBeauty Brands, marking the retailerโs third divestiture of a direct-to-consumer brand this year. The big-box retailer sold Bonobos to WHP Global and Express earlier this month and offloaded Moosejaw to Dickโs Sporting Goods in February. The sales are a reversal of a 2017-18 strategy led by Marc Lore, Walmartโs former head of e-commerce. Walmart bought ELOQUII inโฆ
April 20, 2023 at 4:50 pm
Global dealmaking suffered a record fall during the second half of 2022, as rising interest rates, surging inflation, and the war in Ukraine brought a period of frenetic activity to an abrupt, if not surprising, close. According to data provider Refinitiv, mergers and acquisitions totaled $3.6 trillion worldwide in 2022, down 37 percent from 2021โsโฆ
April 5, 2023 at 4:28 pm
LโOrรฉal announced on Monday that it's buying the Australian luxury beauty brand Aฤsop for $2.5 billion. The agreement is between LโOrรฉal and Aฤsop's parent company, Natura &Co. Aฤsop currently operates around 400 stores across the Americas, Europe, Australia, New Zealand and Asia, with a nascent footprint in China. Launched in 1987, Aฤsop is known for its skin, hair andโฆ
