Gap Inc. Goes Upscale with $130 Million Purchase of Intermix
San Francisco—While its Gap, Old Navy and Banana Republic brands are amid a repositioning, Gap Inc. today announced it bought the 32-unit Intermix specialty store chain for $130 million. Intermix,...
View ArticleJones Group Shareholders Approve Merger with Sycamore
New York—Jones Group Inc. reported Monday that its shareholders have approved a $2.2 billion merger with affiliates of Sycamore Partners, a private equity firm. Therefore, Jones Group and Sycamore...
View ArticleStuart Weitzman, Kurt Geiger to Operate as Independent Companies
New York—Just days after its acquisition of The Jones Group Inc., Sycamore Partners announced today that two of the brands that had been under the Jones Group umbrella will now operate as independent...
View ArticleInvestcorp, Others to Buy Totes Isotoner Corp.
New York—Investcorp, the Bahrain-based investment fund, along with Freeman Spogli & Co., a private equity firm, said Tuesday they agreed to acquire Totes Isotoner Corp. from MidOcean Partners and...
View ArticleRG Barry to Go Private in $215 Million Deal
Pickerington, OH—After several months of speculation about whether RG Barry would go private, the accessories company today confirmed that Mill Road Capital, the private equity firm, would be taking...
View ArticleDeloitte: Global Luxurygoods Remains Resilient, Despite Tougher Market
New York–The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in...
View ArticleFamily Dollar Shareholders Approve $8 Billion Merger with Dollar Tree
Chesapeake, VA—After nearly six months of a bidding war, shareholders at Family Dollar Stores approved an $8 billion merger deal with Dollar Tree, rejecting a rival bid from Dollar General that...
View ArticleHBC to Expand into Europe with $2.73B Purchase of German Dept. Store
Toronto—After making inroads into dominating the North American department store market with the addition of Lord & Taylor and Saks Fifth Avenue, Hudson’s Bay Company today said it plans to expand...
View ArticleSequential Brands to Buy Joe’s; Licensing Deal Set with Global Brands
Hong Kong and New York–Sequential Brands Group, Inc. announced today that it has signed a definitive agreement to acquire the struggling Joe’s brand for approximately $67 million. In addition, the...
View ArticleExpert: The Significance of Culture War and Nanodata
As part of our ongoing Industry Experts column, we caught up with Richard Kestenbaum, partner at Triangle Capital LLC, a firm that raises money and handles mergers and acquisitions for companies in...
View ArticleStockholders Agree to Merger Agreement Between Belk, Sycamore Partners
Charlotte, NC–Belk, Inc., announced today that its stockholders voted to approve the adoption of the previously announced merger agreement with affiliates of Sycamore Partners. “We are pleased that our...
View ArticleHudson’s Bay Company to Buy Gilt for $250M
Toronto and New York–Hudson’s Bay Company is continuing its expansion poly by announcing today that it has entered into a definitive agreement to acquire Gilt Groupe Holdings, Inc. for $250 million in...
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