Mergers & Acquisitions

South Korean internet giant Naver is acquiring U.S. e-retailer Poshmark for roughly $1.2 billion, paying $17.90 per share in the all-cash deal, reports CNBC. The companies announced the purchase on Monday, and expect it to close by Q1 2023, subject to approval by Poshmark stockholders and “the satisfaction of certain other customary closing conditions.” Naver…

Tuesday Morning Corp., the Dallas-based off-price home goods retailer, has entered into an agreement to secure $32 million in debt financing from a special purpose vehicle (SPV) formed by Retail Ecommerce Ventures (REV) — the owner of Pier 1 Imports, Linens ‘n Things, Stein Mart, Modell’s Sporting Goods — and Ayon Capital LLC. Additionally, several members of…

CVS Health has reached a deal to acquire in-home healthcare company Signify Health for about $8 billion, reports CNBC. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that would enable the pharmacy chain to offer care to more customers in their homes. Signify offers patient care through virtual and in-person…

Signet Jewelers, parent company of Zales, Jared, Kay Jewelers, among other jewelry brands, said Tuesday that it will acquire online jewelry retailer Blue Nile for $360 million in an all-cash deal. The move will help Signet to appeal to younger consumers and grow its bridal business. Signet said the deal, which will be funded with cash…

Amazon.com is adding a new device to its collection of tech products with the acquisition of iRobot, which is best known for its automatic home vacuum, the Roomba. The e-commerce giant announced Friday that it had purchased the builder of consumer robots for $1.7 billion, or $61 per share. Dave Limp, senior vice president of Amazon Devices, said…

After a six-month review period that saw its own stock and the broader markets falling by more than 20 percent, Walgreens announced Tuesday that it has decided to retain ownership of its U.K.-based Boots unit, as well as its No7 cosmetics brand, reports PYMNTS. A deal that had been reputed to be worth up to…

Farfetch has made a new investment in Neiman Marcus Group (NMG), reports Yahoo. The U.K.-based online shopping platform inked a new minority common equity investment of up to $200 million in NMG on Tuesday, joining existing investors including PIMCO, Davidson Kempner Capital Management, and Sixth Street. According to Farfetch, the investment in NMG will be used to…

Private-equity firm Sycamore Partners and Canada’s Hudson’s Bay plan to submit takeover bids for Kohl’s Corp that could value the department store chain above $9 billion, according to people familiar with the matter. Sycamore and Hudson's Bay plan to bid in the high $60s a share for Kohl’s, which asked suitors to submit offers by Wednesday, the people…

There's an e-commerce gold rush happening right now and Amazon.com is leading the charge. Last year, Amazon generated $386 billion in annual revenue, with third-party sales accounting for 54 percent of it, according to Jungle Scout. However, selling on Amazon can be challenging as sellers battle a competitive marketplace that requires them to be agile…

Sports apparel company Fanatics is teaming up with rappers Jay-Z and Meek Mill and entrepreneur Maverick Carter and others to purchase Mitchell & Ness, maker of throwback jerseys and retro sports apparel. The group is paying $250 million, according to the someone familiar with the terms who spoke to The New York Times. Fanatics will own…