18 result(s) displayed (1 - 18 of 18):
Fewer retailers are filing for bankruptcy than in the first half of 2009. That's what Cory Lipoff, a vice president with the strategic advisory and reorganization firm Hilco Merchant Resources LLC told us in this interview. For those retailers already in bankruptcy, however, the ability to reorganize is more difficult...
Posted on October 20, 2009 11:09 AM
Carrefour SA is facing pressure from activist shareholders to sell some operations in China and Latin America, just as several other retailers are building up in these emerging markets. According to Le Monde (via this Bloomberg report), shareholders are agitating for change because the supermarket chain has lost 30% of...
Posted on September 28, 2009 3:42 PM
Oh there is nothing quite like coffee and donuts ... and ice cream? That's right. Tim Hortons Inc., a coffee and doughnut shop, is partnering up with Kahala Corp.'s Cold Stone Creamery, the singing ice cream shop, to see if the combination of their brands in the same location can...
Posted on February 6, 2009 2:29 PM
It looks like Best Buy Co. could scoop up the vacant stores bankrupt competitor Circuit City Inc. is leaving behind after its liquidation. Chief executive Brad Anderson told Reuters at the World Economic Forum in Davos, Switzerland, that while the priority is to remain "cash strong," his company would consider...
Posted on January 29, 2009 2:10 PM
U.K.-based Burberry Group plc is forming a joint venture to expand its presence in the Middle East. The luxury goods maker has formed Burberry Middle East with UAE-based Jashanmal Group, which has been a Burberry franchisee for a decade. The venture will sell and distribute high-end clothes in the region...
Posted on November 20, 2008 10:30 AM
Tween Brands Inc. is walking away from its core brand Limited Too as it reported a sales net loss of $6.7 million in the second quarter. The retail chain, which is geared toward young girls, announced it will convert its 560 Limited Two stores to its discount brand, Justice. Tween...
Posted on August 13, 2008 5:08 PM
As part of its growth strategy CVS Caremark Corp. has acquired Longs Drug Stores for $2.9 billion. The acquisition will add 521 more drugstores in California, Hawaii, Nevada and Arizona to make the grand total of CVS Caremark's drugstores 6,800 in 41 states. The deal will also add to its...
Posted on August 12, 2008 5:56 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
Speakers at the Reuters Retail and Consumer Summit said retail mergers and acquisitions will crawl for about nine more months as the credit crunch takes its toll and will pick up again when financial markets are convinced most of the bad assets have been fully accounted for.A Reuters article...
Posted on June 20, 2008 3:47 PM
Casual Male Retail Group Inc. has acquired seven Big and Tall men's stores in five states from privately held Dahle Management Corp. The terms of the transaction were not disclosed, but annual sales are about $5 million. Casual Male, a retailer of big and tall clothing for men, has been...
Posted on June 17, 2008 12:45 PM
Like many luxury retailers, Tiffany & Co. is offsetting a decrease in retail sales in the U.S. and Japan by building up it presence in emerging markets such as China and India. Tiffany's first quarter ended with a 12% increase in sales due to strong growth in Asia-Pacific and Europe....
Posted on May 30, 2008 3:10 PM
Macy's Inc.'s strategy for May Department stores, which it bought in a 2005 deal valued at $18 billion, was never going to be easy. As we discussed in a December 2005 Corporate Dealmaker piece, CEO Terry Lundgren's plan was to convert all the acquired chains to Macy's, including such storied...
Posted on April 21, 2008 11:00 AM
Montreal-based apparel maker Gildan Activewear Inc. is ready to sock away some good returns from its $135 million October purchase of V.I. Prewett & Son. Prewett happens to be the largest supplier of private-label socks to U.S. mass-market retailers. Investor's Business Daily says Gildan made its mark manufacturing blank...
Posted on February 28, 2008 5:12 PM
The March issue of Corporate Dealmaker magazine will focus on dealmaking in emerging markets, especially China, India and Latin America. One of our goals is to help the many middle-market companies that want to expand in these vibrant economies but can't draw on the level of resources available to global...
Posted on February 25, 2008 8:43 AM
Deal fever (from Corporate Dealmaker)
It seems like all one has to do is be in the online ad business and buyers will start swarming — aQuantive being the latest example. They were scooped up by Microsoft for $6 billion today, sending aQuantive’s stocks soaring 75% in early trading. Just yesterday, WPP Group announced it...
Posted on May 18, 2007 12:30 PM
What does a media giant do when regulations limit its ability to distribute movies and TV shows? Emphasize retail sales of consumer products.
Posted on February 15, 2007 12:55 AM
With a majority stake in a Chinese retailer, Best Buy is going to find out how its customer-centric business model works in an even more competitive, price conscious market than the one it faces in North America.
Posted on August 15, 2006 11:43 AM
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
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Juergen Lasowski
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