Mergers & Acquisitions
Gap Inc. announced earlier this week that it's acquiring the New York- and Tel Aviv-based startup Context-Based 4 Casting (CB4), which uses artificial intelligence (AI) and machine learning to identify patterns in retail data and identify ways to improve in-store sales. The terms of the deal were not disclosed. CB4's software examines point-of-sale (POS) data to uncover consumer demandโฆ
Adidas said last week that it entered into an agreement to sell Reebok to Authentic Brands Group (ABG) in a mostly cash deal worth โฌ2.1 billion, or about $2.5 billion at current exchange. The deal is set to close in Q1 of 2022. ABG, a brand management company, owns more than 30 consumer brands, asโฆ
Foot Locker will buy two smaller shoe store chains for a total of about $1.1 billion in cash, the footwear retailer said on Monday as it looks to expand its business beyond malls and extend its reach in Asia. The company is buying California-based WSS for $750 million and Japanese streetwear retailer Atmos for $360โฆ
Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house ASOS, reports CNBC. The brands โ Topshop, Topman, Miss Selfridge, and the activewear label HIIT โ target younger consumers in their 20s. Financial terms of the deal werenโt disclosed. Although ASOS will retain operational and creative controlโฆ
Part one of this series likened the investment in an underperforming online brand to putting oneโs money in a โfixer-upperโ home that needs a lot of work because, in both cases, there's a greater chance of maximizing oneโs return on investment. Part one addressed two of five important growth vectors that e-commerce aggregators and otherโฆ
Online crafts marketplace Etsy announced on Monday a $217 million deal to acquire Brazilian online marketplace Elo7, reports CNBC. Etsy CEO Josh Silverman is banking on Latin America to be a growth catalyst for the e-commerce company, calling Elo7 โthe Etsy of Brazil.โ Similar to Etsy, Elo7 allows merchants to set up an online shop and sellโฆ
Those who dabble in real estate may be tempted to buy perfectly beautiful homes in the most expensive of neighborhoods. These investments would certainly be secure, and they would most likely turn a profit when it came time to liquidate. However, the return on investment would be minimal, as these properties probably had high valuationsโฆ
PVH Corp entered a definitive agreement to sell its Heritage brands ARROW, Geoffrey Beene, IZOD, and Van Heusen to focus on global growth brands Calvin Klein and TOMMY HILFIGER. The company will sell the four Heritage brands to Authentic Brands Group (ABG) for $220 million in cash. The transaction is expected to close in Q3โฆ
E-commerce grocery shopping platform Boxed and Seven Oaks Acquisition Corp., a special-purpose acquisition company, or SPAC, announced they would go public in a deal that would value the combined company at $900 million. Boxed would use the money to serve more households and businesses that started ordering groceries online during the pandemic. The combined company will be calledโฆ
E-commerce marketplace Etsy is buying resell fashion app Depop for $1.62 billion, CNBC reported. Depop was founded in the U.K. in 2011, and is popular predominantly with Gen Z shoppers. The app allows consumers to buy and sell used clothes through its online marketplace, and promotes ethical shopping. Etsy expects to finalize the deal byโฆ