Mergers & Acquisitions

The Vitamin Shoppe's Parent Company Offered $1B Buyout
March 22, 2023 at 1:12 pm

Franchise Group Inc., which owns The Vitamin Shoppe, Pet Supplies Plus, and five other companies, received an unsolicited $1.05 billion acquisition offer Monday, the company reported. The offer, presented by an unknown buyer, is for $30 per share in cash. Franchise Group Inc. said its board of directors is carefully evaluating the proposal "to determine the…

WeightWatchers Announces Plans to Buy Obesity Treatment Platform Sequence
March 8, 2023 at 12:41 pm

WeightWatchers announced its plans to purchase Sequence, a subscription telehealth platform specializing in treatment for people with obesity. The acquisition will cost WeightWatchers $132 million and will be completed in the second quarter of the year, the company said in a press release Monday. Sequence, a startup that launched in 2021, gives patients the option to…

Dick's Sporting Goods to Acquire Moosejaw From Walmart
February 22, 2023 at 4:18 pm

Dick's Sporting Goods is buying the outdoor retailer Moosejaw from Walmart for an undisclosed amount of money, Dick's announced Wednesday in a press release. Moosejaw was acquired by Walmart for a reported $51 million in 2017. It's mostly an e-commerce platform, but operates brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas and Missouri. Moosejaw will join Dick's…

DSW Parent Designer Brands Acquires Keds
February 9, 2023 at 1:33 pm

Designer Brands, the Columbus, Ohio-based parent company of DSW, has acquired canvas shoe brand Keds, furthering its foothold in casual and athleisure footwear. Acquired from Rockford, Michigan-based footwear manufacturer Wolverine Worldwide, the brand was founded in 1916 as the first mass-marketed canvas-top sneaker. The acquisition of Keds includes all Keds' products, including its athletic line, Pro-Keds, and…

CVS Inks Deal to Buy Oak Street Health for $10.6B
February 8, 2023 at 3:32 pm

In a move aimed at growing its healthcare portfolio, CVS announced on Wednesday that it has acquired Oak Street Health for approximately $10.6 billion. Oak Street Health, a multi-payer primary care company whose patients include those on Medicare with low incomes and chronic health problems, was founded in 2012. More than 50 percent of Oak…

DSW Parent Designer Brands Acquires Topo Athletic
December 19, 2022 at 6:36 pm

Designer Brands Inc. (DBI), the parent company of DSW, announced that it has acquired Topo Athletic, a U.S. maker of running, walking, hiking and comfort shoes. With the acquisition, DBI expands its assortment of athletic performance footwear and progresses its owned brands strategy. The acquisition will also provide Topo with access to additional resources. Topo's founder and…

Estée Lauder to Acquire Tom Ford in $2.8 Billion Deal
November 16, 2022 at 12:22 pm

Estée Lauder Companies is acquiring its longtime partner Tom Ford, bringing the two American luxury beauty and fashion labels together, the companies announced Tuesday. Tom Ford, who created the high-end apparel, beauty, eyewear and accessories brand in 2005, will sell for $2.8 billion, making this the largest deal in the luxury industry this year, according…

Victoria’s Secret to Acquire Adore Me for $400M
November 1, 2022 at 8:30 pm

Victoria’s Secret & Co. said Tuesday it has signed a definitive agreement to acquire Adore Me, Inc., a lingerie startup known for its wide array of sizes, for $400 million in cash, reports CNBC. The move comes as Victoria’s Secret aims to become more inclusive and increase the diversity of its products. The deal is expected…

Senators Call for Antitrust Panel to Evaluate Kroger-Albertsons Merger
October 20, 2022 at 4:56 pm

The proposed $25 billion Kroger-Albertsons merger is already running into significant opposition from progressive lawmakers and others, according to CNN. A Senate antitrust panel will hold a hearing next month on the Kroger-Albertsons merger focused on how the deal could impact competition in the grocery industry. This comes after several senators raised concerns and called on…

Sources: Kroger Nears Acquisition of Albertsons
October 13, 2022 at 3:59 pm

Kroger could announce a deal to buy rival grocery company Albertsons this week, sources told CNBC’s David Faber. Shares of Albertsons jumped and were briefly halted Thursday morning after news that two companies are deep in talks. The stock was up more than 11 percent in afternoon trading. Kroger rose modestly. The all-cash acquisition may be announced…