22 result(s) displayed (1 - 22 of 22):
It's easy to blame the sudden retirement of Walgreen Co. chief executive Jeffrey Rein on the company's failed bid to acquire Longs Drug Store Corp. Rein's departure was announced just two days after Walgreen dropped its $2.8 billion offer for Longs, allowing rival CVS Caremark Corp. to buy the chain....
Posted on October 13, 2008 1:59 PM
With Corporate Dealmaker Forum just around the corner (the meeting is in New York on Oct. 2-3), it's nice to see our panel discussions looking like they're on the news.Reuters reports that Nokia Oyj is looking for more acquisitions in Internet services. Makes sense. Nokia bought digital mapper Navteq Corp....
Posted on September 9, 2008 1:37 PM
As readers of this site know well, strategic alliances often fall into the category of necessary evil. They are a pain to negotiate and manage, but they are an absolute requirement for many companies into today's global economy. In this edition of Inside the Deal, I talked with Scott Wilson,...
Posted on September 8, 2008 4:30 PM
It's a brutal market for department stores, but that hasn't stopped Macy's Inc. chief executive Terry Lundgren from pursuing a medley of growth strategies. The latest, to launch on Tuesday, is an alliance with the Tommy Hilfiger Group, in which Macy's will become the only U.S. department store to sell...
Posted on September 8, 2008 9:37 AM
Executives may talk a good game when it comes to pursuing target opportunities when the economy tanks, but few it appears follow through with a tangible strategy. That's according to Mehrdad Baghai, Sven Smit, and S. Patrick Viguerie, authors of The Granularity of Growth, who's article in the latest McKinsey...
Posted on September 5, 2008 11:51 AM
Kellogg Co. likes snacks. The company just acquired two manufacturing facilities that make cracker, cookie and frozen dough products, many of them for Kellogg: IndyBake Products LLC and Brownie Products Co. IndyBake has been manufacturing Kellogg's Town House and Club crackers through a partnership with the company for years.Sales...
Posted on September 4, 2008 12:22 PM
As part of its international expansion, Collective Brands Inc. is expanding its Payless ShoeSource retail chain into nine Middle Eastern countries with franchise operator M.H. Alshaya. Payless has over 4,500 stores all told, including 600 stores in 13 countries and territories outside the U.S. including Canada and in Central America,...
Posted on September 3, 2008 11:15 AM
It looks like H.J. Heinz Co. is hungry for acquisitions. At the annual shareholders' meeting, Heinz chairman, president and CEO William Johnson said the company was interested in acquiring in "the developed and developing world." There is a strong likelihood that Heinz might make acquisitions in emerging markets as company...
Posted on August 13, 2008 12:25 PM
An article in Wednesday's Wall Street Journal took stock of the ongoing restructuring at Sara Lee Corp., where CEO Brenda Barnes announced a write-down of nearly $1 billion in the fourth quarter related to its 2001 acquisition of the Earthgrains bread company.Though Sara Lee has been doing more selling than...
Posted on July 24, 2008 10:01 AM
IBM Corp. knows it. Procter & Gamble Co. knows it. And Caterpillar Inc. knows it too: A strong presence in fast-growing emerging markets does wonders for a company's results.Cat's second-quarter earnings, released Tuesday, shot up 34% thanks to the company's sales in developing economies in Asia, South America and elsewhere....
Posted on July 22, 2008 4:17 PM
Never mind the troubles at retailers like Steve & Barry's LLC, which sought bankruptcy protection last week. Some companies still want to get further into retail. Surfwear makers, for instance. Volcom Inc., an athletic designer and retailer known for surf and ski wear, just announced it is acquiring the retail...
Posted on July 21, 2008 12:23 PM
Walgreens plans to slow down its organic growth strategy to make acquisitions and investments. The company announced that it plans to scale back its aggressive expansion through new store openings in 2009. This year the company is opening more than 500 new stores, but plans just 495 new stores next...
Posted on July 11, 2008 12:59 PM
Caterpillar Inc. is acquiring MGE Equipamentos & Servicos Ferroviarios Ltda., a privately held Brazilian manufacturer of parts for locomotives and train cars. The acquisition is part of an overall strategy to expand the company's presence in rail services as well as emerging markets. There has been a growing demand for...
Posted on June 24, 2008 2:38 PM
There's a classic corporate growth story in Wednesday's Wall Street Journal on Walgreen Co.'s effort to remain viable in a changing healthcare environment. The report tells how the company is aggressively expanding its business, which traditionally has relied heavily on prescription sales, through, among other initiatives, acquisitions...
Posted on March 19, 2008 10:58 AM
The Players: French retailer PPR SA, owner of luxury brands including Gucci, Yves Saint Laurent, Alexander McQueen and Stella McCartney, and retail businesses with holdings in home furnishings, appliances, automobiles, pharmaceutical products; and Puma AG, the German maker of sportswear and accessories. The Plan: PPR, which posted 2006 sales...
Posted on June 15, 2007 9:54 AM
Gold fever (from Corporate Dealmaker)
The Players: Toronto-based mining company Yamana Gold Inc., which has mines in Brazil and development-stage properties in Brazil and Central America; Vancouver, British Columbia-based Viceroy Exploration Ltd., owner of an Argentine gold deposit. The Plan: Yamana is paying $515 million for Viceroy. Viceroy CEO Patrick Downey will join Yamana's...
Posted on October 15, 2006 5:11 PM
Too many companies continue to get acquisitions backwards, reacting to opportunities instead of actively screening them. Time for a fresh approach.
Posted on April 15, 2006 7:05 PM
If approved by the High Court in London and Alliance stockholders, Alliance Boots will be Europe's largest retail pharmacy owner.
Posted on April 15, 2006 3:44 PM
Company, with a new joint-venture partner, will try a second time to establish a Chinese-language edition of PC Magazine.
Posted on February 15, 2006 12:52 PM
What's wrong with trying to step up the flow of new ideas and initiatives? Plenty, according to the authors of a new book.
Posted on December 15, 2005 6:20 PM
THE PLAYERS: San Antonio-based telecom SBC Communications Inc. and San Jose, Calif.-based broadband delivery developer 2Wire Inc., a San Jose developer of broadband delivery hardware and software THE PLAN: In late 2004 the two companies formed SBC Media Solutions LLC, which is rolling out a trial this fall. Dubbed...
Posted on October 15, 2005 1:32 PM
How consumer-products companies should think about acquisition-driven growth in adjacent categories.
Posted on December 15, 2003 5:15 PM
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