Mergers & Acquisitions

Apple Store Expansions Equal More Jobs
November 1, 2010

Apple added more than 12,000 employees to its ranks in the past year--a reflection of its sharp revenue growth and expanding retail presence.

Luxury Retailer Neiman Marcus to Open Bargain Bins
October 25, 2010

Neiman Marcus may be known as a place for Texas-size yearnings and price tags, but in a sign of the economic times for luxury retailers, the company is being drawn to a less haughty shopper.

Orchard Brands For Sale
October 22, 2010

Golden Gate Capital Corp. hired Moelis & Co. to find a buyer for Orchard Brands Corp., a retailer that sells clothing to people 55 and older, as it weighs restructuring the company’s debt, said three people with knowledge of the situation.

Target Spotlights Smaller Stores
October 20, 2010

Target has reconfigured its smaller stores to fit its P-fresh format, introduced earlier in the year. The new stores will feature 90 percent of the categories found at a SuperTarget, but with much less of a selection.

 


Flush With Green
September 1, 2010

It's been an eventful couple of years for cross-channel specialty coffee retailer Green Mountain Coffee Roasters (GMCR). From acquisitions (three in the last 18 months) to the launch of a B-to-B wholesale website, GMCR has been busy growing its 29-year-old brand.

Making a Name for Itself
August 1, 2010

Launched on June 23, 2009, as an online marketplace not unlike eBay, Alice.com enables CPG manufacturers to sell their household essentials — think toothpaste, laundry detergent, trash bags, toilet paper, etc. — direct to consumers. By making thousands of products typically not found online available for purchase, Alice.com has tapped into an underserved market, albeit surprisingly so to the company's founders.

Retail M&A Activity Grinds to a Halt
June 24, 2010

Retail sales may have recovered nicely in the past year, but a resurgence in acquisitions and IPO activity may have to wait until next year due to tougher financing and market volatility. The number of U.S. retail deals has totaled 113 so far this year, down slightly from 120 deals in the same period a year ago, according to data from Thomson Reuters. "There's very little M&A activity. There's very little bankruptcy activity. There's very little retail closure activity, and there's very little retail expansion activity," said Hilco Real Estate Executive Vice President Nina Kampler.

PC Mall Acquires a Provider of Hosted Data Center and Managed IT Services
June 14, 2010

PC Mall announced today that Sarcom, one of its wholly-owned subsidiaries, has acquired substantially all of the assets of Network Services Plus as of June 8, 2010. The terms of the transaction include an initial purchase price of $7.8 million, less a customary hold-back to settle indemnity claims. PC Mall is also extinguishing substantially all of NSPI’s indebtedness, which net of acquired working capital is approximately $1.3 million. Pursuant to the terms of the asset purchase agreement, NSPI’s shareholders can earn additional consideration based on the performance of the NSPI business over the next two years.

Tough Time to Compete, Worse Time to Sell
April 1, 2009

It must be a sign of the times when even a profitable catalog business can’t sell. That was Sportif USA CEO John Kirsch’s position when I caught up with him just before Thanksgiving. He’d just put the Waterfronts Nautical catalog on the selling block. And as he aimed to sell the 21-year-old nautical-themed apparel catalog started by his father, Kirsch reflected on some hard lessons.

Rescue Team
February 1, 2009

Fresh off the sale of their last turnaround project — the reinvigorated J&L Industrial Supply to MSC Industrial Direct in June 2006 — Chuck Moyer and Mike Wessner set their sights on a new opportunity. After an exhaustive search process, these two B-to-B cataloging lifers targeted 63-year-old Conney Safety Products. In a deal financed by the private equity firm CI Capital, Moyer and Wessner acquired the company from its parent firm, K+K America, in October 2007.