Mergers & Acquisitions

DSW, Authentic Brands Partner to Acquire Camuto Group for $375M
October 11, 2018 at 1:53 pm

DSW Inc. announced on Wednesday that it has acquired the operations of Camuto Group, a footwear and accessory designer and developer responsible for the Vince Camuto brand and the footwear licenses for Jessica Simpson and Lucky Brand. In addition, DSW is teaming with brand development, marketing and entertainment company Authentic Brands Group (ABG) to acquire several intellectual…

Walmart to Acquire Women’s Plus-Size Clothing Brand ELOQUII
October 3, 2018 at 12:18 pm

Walmart announced yesterday that it's acquiring digital-native plus-size clothing brand ELOQUII for an undisclosed amount. TechCrunch reports the all-cash deal includes ELOQUII CEO Mariah Chase, her executive team and its 100 employees, who will continue to be based in Long Island City, NY and Columbus, OH. They’ll join Walmart’s U.S. e-commerce organization, reporting to Andy Dunn,…

Walmart: Abandon Earnings to [Re]Catch Amazon?
September 26, 2018 at 11:00 am

Walmart's success doesn't depend on earnings, but rather the story it tells. Amazon.com's revenue climbed since 1998, while net income stayed flat (per FactSet and Recode — see chart below), and Amazon stock rose 1500 percent in that time period. Walmart … welcome to the technology ball. The biggest earnings quarter to watch for Walmart…

Michael Kors to Buy Gianni Versace SpA for $2B
September 24, 2018 at 1:54 pm

Fashion brand Michael Kors Holdings Ltd. is close to a deal to buy Italian fashion house Gianni Versace SpA for around $2.35 billion, people familiar with the matter told Reuters on Monday. The move would put one of the glitziest names in high fashion in the hands of a budding U.S. conglomerate better known for affordable luxury.…

David’s Bridal Acquires Digital Gift Registry Startup
August 30, 2018 at 11:31 am

Wedding retailer David’s Bridal has acquired Blueprint Registry, a Seattle startup that aims to simplify the gift registry process. In a press release, David’s Bridal called the deal an asset acquisition, though all 13 of Blueprint Registry’s employees will remain on board. Blueprint Registry Co-Founder Nevin Shetty told GeekWire that the company will remain independent, but it will…

Best Buy Acquires Health Services Company GreatCall for $800M
August 20, 2018 at 12:27 pm

Best Buy announced last week that it will pay $800 million to acquire GreatCall, a company that offers health and medical-alert services to 900,000 older Americans. GreatCall offers seniors several products, including portable medical-alert devices and easy-to-use mobile phones, that provide access to urgent-response teams, doctors and nurses, as well as offer reminders to take medications. The acquisition…

Albertsons and Rite Aid Call Off Merger Agreement
August 9, 2018 at 10:12 am

Albertsons Companies and Rite Aid Corp. announced on Wednesday that they are calling off their merger agreement. The $24 billion deal, announced in February, has faced opposition from a number of investors as well as top-10 shareholder Highfields Capital Management. Critics have argued the deal provides Albertsons’ private-equity owner, Cerberus Capital Management, a vehicle to…

Supervalu Acquired by United Natural Foods in $2.9B Deal
July 26, 2018 at 11:31 am

U.S. grocery retailer Supervalu will sell itself to United Natural Foods in a $2.9 billion deal that includes debt, it said on Thursday, after coming under pressure from some shareholders to explore a sale. United Natural Foods, a distributor of natural and organic foods, offered Supervalu shareholders $32.50 per share in cash, a 67 percent premium…

Amazon Acquires PillPack, Enters Pharmacy Business
July 3, 2018 at 10:49 am

After appointing a CEO for its healthcare joint venture with Berkshire Hathaway and JPMorgan last month, Amazon.com announced an acquisition that underscores how it also hopes to have a more direct — and more commercial — role in the world of healthcare in the coming years. Amazon has purchased PillPack, an online pharmacy the lets users buy…

Macy’s Acquires Minority Stake in Tech Retailer b8ta
June 13, 2018 at 12:09 pm

Macy’s has partnered with b8ta, the retail-as-a-service startup that originally started as a way to let people try out new tech products before deciding whether to purchase them. Macy’s has acquired a minority stake in b8ta and will use the startup to enhance The Market, the department store chain's experiential-based retail concept. By partnering with…