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.

Target Expands Same-Day Delivery Service With Grand Junction Acquisition

  • Published in News Briefs
Target is getting serious about improving its last mile delivery, logistics and supply chain capabilities, with the acquisition of Grand Junction, a technology transportation company offering software that manages local delivery throughout North America. Terms of the transaction have not been disclosed. The move hints that Target is seeking to…

Could Birchbox Be The Next E-Commerce Buy For Walmart?

Birchbox is apparently putting itself on the market, having held acquisition talks with several retailers, according to a report from Recode. One of these retailers is rumored to be Walmart, which has been on quite the buying spree ever since scooping up in August 2016. Neither retailer has commented on the reports or speculation, and Birchbox hasn’t named any of its other potential suitors. But a Walmart-Birchbox partnership seems much more realistic now than it did over a year ago, with e-Commerce-first brands such as Bonobos, Moosejaw, ModCloth and ShoeBuy (since renamed now all under the giant Walmart umbrella.

What Is Amazon’s Next Big Business Move? Experts Chime In

Amazon’s recent acquisition of Whole Foods is one of the most significant retail stories of the year, leaving retailers and analysts asking the same pressing question: “What’s next for Amazon?” Retail TouchPoints asked industry experts to weigh in on where the e-Commerce giant could be expanding its retail reach, and what to expect beyond 2017. Each expert predicted that Amazon is likely to take a break from major retail acquisitions in the near term, but will continue to express interest in segments such as pharmacy, beauty and specialty retail.

Sovos Expands Latin America Footprint With Paperless Acquisition

Global tax compliance and reporting software platform Sovos has acquired Chile-based Paperless to expand its real-time government reporting capabilities with electronic receipts and consumer POS tax reporting. Terms of the transaction were not disclosed. With the acquisition, Sovos will expand its presence in Brazil and extend Latin American operations into Chile, Colombia and Peru. Sovos seeks to help retailers and manufacturers get ahead of the rapid expansion in global regulations requiring electronic transaction reporting.

Retail And Consumer Goods Industries Turn To M&A For Market Growth And Consumer Excitement

Mergers and acquisitions (M&As) are increasingly being seen as an antidote to low or no organic growth,in a commercial world where established retail and consumer goods companies find themselves struggling for survival in the face of radical consumer change and a series of continuous, devastating attacks on their markets and historic value propositions. Retailers are looking at new or reinforced competition, much of it intensely price focused. Aldi announced this year it will commit an additional $1.6 billion to remodeling 1,300 stores, an investment that comes on top of its previously announced $3.4 billion capital investment earmarked for new store openings — an aggressive program that could see as many as 2,500 stores sporting the Aldi banner by next year. Lidl, a traditional Aldi competitor in Europe, has announced plans to open 100 U.S. stores by the end of next year and is seriously considering adding as many as 500 additional stores to its U.S. rolls before it is done.

Global Payments Acquires ACTIVE Network Divisions For $1.2 Billion

Global Payments has acquired the communities and sports divisions of ACTIVE Network, which delivers cloud-based enterprise software that helps Web users find and register for events online. The outdoors division of ACTIVE will be retained by its current owner, Vista Equity Partners. “With ACTIVE Network, we are adding an enterprise software business operating in two new vertical markets that are highly fragmented and underpenetrated with attractive growth fundamentals,” said Jeff Sloan, CEO of Global Payments in a statement. “We also are delighted to enter into a strategic partnership with Vista Equity Partners to provide payment technology expertise to their portfolio of companies.”

Aldo Acquires Camuto Group Footwear And Accessories Assets

Aldo has agreed to acquire the footwear and accessories operations of the Camuto Group, founded by the late fashion designer Vince Camuto. The assets will give Aldo a bigger footprint in fashion: the Camuto Group produces shoes and clothing for brands such as Tory Burch, Lucky Brand Jeans and the Jessica Simpson Collection. Terms of the deal were not disclosed.

B&M Purchases Heron Food Group To Expand Into Convenience Groceries

Discount retailer B&M has acquired convenience store chain Heron Food Group for £152 million ($201 million). As part of the purchase, B&M acquired Heron’s 251 convenience stores located in the north of England, which generate £274.4 million ($362.8 million) in annual sales, enabling B&M to roll out a large-scale convenience offering.

LogMeIn Acquires Nanorep To Enhance Customer Engagement

SaaS and cloud-based remote connectivity services provider LogMeIn has acquired Nanorep, a digital self-service, chatbot and virtual assistant company, to empower companies to deliver more personalized and intelligent customer engagement. The Nanorep technology is designed to provide consumers with access to quick resolutions in an intelligent, more human way. The transaction will add the Nanorep digital self-service capabilities to LogMeIn’s Bold360 platform and product portfolio, as well as expand LogMeIn’s position in the customer engagement market.

Amazon Ventures Further Into Gaming With Reported GameSparks Deal

Although Amazon continues to rattle the retail industry with massive acquisitions such as Whole Foods Market and Souq, its highly successful enterprise cloud division is leading the company in yet another direction — building and hosting game development platforms. Amazon has reportedly acquired GameSparks, a backend platform provider for game developers, for approximately $10 million. The Telegraph first reported the acquisition, but neither party has confirmed the deal.

Starbucks Doubles Down On China Expansion, Buys Out 1,300 Stores For $1.3B

Starbucks is buying out the remaining 50% share of its East China business from its joint venture partners for approximately $1.3 billion, marking the company’s biggest-ever acquisition and giving it 100% ownership of nearly 1,300 stores in the region. The acquisition aligns with the coffee giant’s target of operating 5,000 stores in China by 2021. The move coincides with the retailer’s Q3 earnings announcement, which reported: $5.66 billion in revenue, an 8% increase; $0.47 in adjusted earnings per share, down 8.9%; and Its highest U.S. same-store sales increase (5%) in five quarters.

Michael Kors Hopes Jimmy Choo Pumps New Life Into Brand

Luxury fashion house Michael Kors has acquired luxury footwear and accessories brand Jimmy Choo for $1.17 billion as it seeks to bounce back from declining traffic and sales. Michael Kors and many other upscale luxury brands such have faced plummeting sales and minimal profits as consumers spurn these retailers for less expensive, more accessible options. The handbags brand suffered Q4 comparable sales declines of 13.6% in May, and reported that it anticipates closing 100 to 125 of its full-price retail stores over the next two years to save $120 million. In addition to slowing sales, Michael Kors has felt pressure from chief handbag rival Coach after it acquired Kate Spade for $2.4 billion in May.
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