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Mergers & Acquisitions

It’s not easy to stay on top of the latest company realignments in the retail industry. It’s a volatile environment — across retailer segments as well as solution provider organizations. As soon as the announcements are made, Retail TouchPoints publishes an article covering the news, in this Mergers & Acquisitions section. Learn about the latest developments here.

Jimmy Choo Steps Closer To A Sale

UK-based luxury footwear retailer Jimmy Choo has put itself up for sale in a move to maximize the brand’s shareholder value. Jimmy Choo will conduct a review of its various strategic options going ahead, although there is no certainty that an offer will be made. The company discussed the strategic…
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Sports Direct Scores Eastern Outfitters Brands For $101 Million

UK-based Sports Direct has acquired Bob's Stores and Eastern Mountain Sports from parent company Eastern Outfitters LLC for $101 million in cash. The move will save 50 combined stores under the two brands, which predominantly sell sports and casual wear, and outdoor and camping equipment. When Eastern Outfitters filed for Chapter 11 bankruptcy in February, Sports Direct initially reached an agreement with the firm to become a stalking horse bidder at its bankruptcy auction.But instead Sports Direct agreed to a purchase, after other creditors objected to the bidding process.

Walmart Buys Shoes.com Intellectual Property For $9 Million

Walmart is continuing its e-Commerce spending spree, with the retail giant acquiring the domain name and intellectual priority of defunct online retailer Shoes.com for $9 million. The Shoes.com web address still exists, but one click on the page will redirect consumers to Walmart’s recently acquired ShoeBuy unit. The intellectual property includes the company’s logos and social media accounts, according to documents posted on the web site of professional services firm Alvarez & Marsal Canada.

PetSmart To Acquire Chewy For Record $3.35 Billion

PetSmart is acquiring online pet supplies retailer Chewy for a reported $3.35 billion. While neither company confirmed the acquisition price, the sum (as reported by Recode) makes this the biggest e-Commerce acquisition ever. The reported total outstrips Walmart’s $3.3 billion acquisition of Jet.com, but it plays out in a similar scenario: the brick-and-mortar leader acquires a valuable, rapidly rising e-Commerce brand that enhances its reach to consumers. Like Walmart and many other big box counterparts, PetSmart aims to adapt to shifting consumer demands and expectations by positioning itself to generate revenue and gather insight from a younger, online-savvy merchant.

Supervalu Acquires Unified Grocers For $375 Million

Supervalu has acquired wholesale grocery and specialty distributor Unified Grocers in a transaction valued at approximately $375 million, consisting of approximately $114 million in cash for 100% of outstanding Unified stock. As part of the deal, Supervalu will assume approximately $261 million in debt. The acquisition expands Supervalu’s wholesale distribution business to the West Coast, where the company currently operates only a single distribution center in Tacoma, Wash. Most of Supervalu’s operations are in the Midwest, East and Southeast U.S.

Samsonite Claims eBags For $105 Million

Only eight months after acquiring fellow luggage retailer TUMI, Samsonite has grabbed another suitcase off the baggage carousel: eBags. The transaction is worth $105 million in cash. eBags will become a wholly-owned subsidiary of Samsonite, but will continue doing business under the eBags name. The eBags e-Commerce site will continue to market and sell other brands under Samsonite's ownership, and CEO Mike Edwards will continue to run eBags after the transaction closes.

7-Eleven Pumps $3.3 Billion Into 1,100 Sunoco C-Store Acquisition

7-Eleven is tapping into consumers’ desire for quick, convenient shopping with the acquisition of 1,108 convenience stores from Sunoco for $3.3 billion. When the deal is final, 7-Eleven will operate 9,815 stores in the U.S. and Canada. “This acquisition supports our growth strategy in key geographic areas including Florida, mid-Atlantic states, Northeast states, and Central Texas,” said Joe DePinto, President and CEO of 7-Eleven Inc., in a statement. “It also provides 7-Eleven entry into Houston, the fourth largest city in the United States, and a strong presence in Corpus Christi and across South Texas.

Avangate Acquires 2Checkout To Expand Payment Flexibility

E-Commerce and subscription billing platform Avangate has acquired payment processor 2Checkout for an undisclosed sum. The combined company will use the 2Checkout name and will be led by Alex Hart, CEO of Avangate. The combined company will create an offering that features: Subscription management, e-Commerce and payment services; Flexible payment model options, from the largely outsourced merchant of record model to API-driven payment facilitation and payment gateway models, with the ability to choose the products and services that best fit each customer's unique needs; and Enhanced customer service globally due to increased operational scale and support.

JAB Holdings Acquires Panera Bread For $7.5 Billion

Investment firm JAB Holdings is expanding its food empire with the acquisition of Panera Bread Co., which is expected to be finalized in Q3 2017. JAB will acquire Panera Bread for $315 per share, a transaction valued at $7.5 billion. The deal will also include approximately $340 million of net debt.

Staples Explores Potential Private Equity Sale

  • Published in News Briefs
Less than a year after a failed merger with rival Office Depot that led to the resignation of CEO Ron Sargent, Staples is exploring a sale, according to a report from The Wall Street Journal. The office supplies retailer is in early talks with a “small number of possible private…
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Mastercard Acquires Biometric Security Provider

Mastercard is buying NuData Security, which identifies authentic end users based on their online, mobile app and smartphone interactions as well as biometric markers. The NuDetect technology assesses, scores and learns from each online or mobile transaction, and is designed to enable retailers and financial institutions to make near real-time authorization decisions. “The addition of NuData will build on our layered security strategy to safeguard each and every transaction across the globe,” said Ajay Ballah, President of Enterprise Risk and Security for Mastercard in a statement. “The combination of session and biometric information will provide even richer context around potential cyber and device-specific threats, enabling us to deliver even greater trust and peace of mind.”

Stage Stores Acquires Select Gordmans Assets

Stage Stores has purchased a portion of Gordmans’ assets. A Stage Stores subsidiary won its bid to acquire a minimum of 50 store leases from the Omaha, Neb.-based off-price department store chain through a bankruptcy auction.

Amazon Moves Into Middle East With Reported Souq Acquisition

Amazon has already established dominance in the U.S. and Europe and is getting serious in India and China, but it has now set its sights on another major region: the Middle East. The e-Commerce giant has acquired Souq.com, one of the largest online sellers in the region, according to numerous reports. Souq.com was reported to be valued at $1 billion at the time of its latest $275 million funding round last year, but the acquisition reportedly cost Amazon $650 million. The e-Commerce retailer and marketplace presently delivers to seven countries, including UAE, Egypt, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar. Neither retailer has commented on the acquisition.

Synchrony Financial Acquires GPShopper

Synchrony Financial, a consumer financial services company, has acquired mobile app developer GPShopper to expand its mobile engagement capabilities. Financial terms of the transaction were not disclosed.
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