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.

Famous Footwear Parent Acquires Vionic Group For $360 Million

For the second time in two weeks, major footwear brands are growing by acquisition. Caleres, a portfolio of global footwear brands including Famous Footwear, Sam Edelman and Diane Von Furstenberg, has acquired Vionic Group, a maker of supportive footwear and orthotic shoe inserts, for $360 million. Earlier this month, footwear giant DSW partnered with Authentic Brands to acquire Camuto Group for $375 million. The move is designed to further expand Caleres' stable of shoe brands and give the company "additional access to the growing contemporary comfort footwear category," according to a company statement. Vionic has generated approximately 25% of its total sales online over the past 12 months, indicating that the orthotics manufacturer could give Caleres a strong disruptor to power its digital strategies going forward.

Mi9 Retail Puts MyWebGrocer In Shopping Cart

Mi9 Retail will purchase MyWebGrocer (MWG), a software and digital media company serving the grocery and CPG industries. Details of the acquisition have not been reported. The MWG solution adds new e-Commerce, order management and click-and-collect functionalities to Mi9’s offerings, which include demand management, price and promotions management and retail analytics solutions.

Walmart Buys Bare Necessities In Latest Digital Acquisition

Just a few weeksafter Walmart acquired Eloquii, a plus-sized fashion retailer, the retail giant has reeled in its next digitally native brand. Walmart acquired Bare Necessities, an e-Commerce intimates and sleepwear retailer, for an undisclosed sum. Walmart has prioritized fashion as a core element of its e-Commerce experience, ever since overhauling in May and introducing the Lord & Taylor flagship e-Commerce site. These changes, as well as the company’s continued spree of acquisitions, starting with in 2016, are designed to give Walmart access to younger Millennial customers who do not normally shop on its web site. The company also partnered with comedian and talk show host Ellen DeGeneres to launch a women's fashion line in August.

DSW And Authentic Brands Acquire Camuto Group For $375 Million

DSW and Authentic Brands Group have acquired Camuto Group for approximately $375 million, including the licensing rights for the Jessica Simpson footwear business, as well as the footwear and handbag licenses for Lucky Brand and Max Studio. As part of the $375 million deal: DSW will contribute approximately $56 million to acquire a 40% stake in the intellectual property (IP) of Camuto Group’s proprietary brands; Authentic Brands will contribute approximately $84 million to acquire a 60% majority stake in the Camuto brand IP; DSW will contribute approximately $200 million to acquire all of Camuto Group’s global production, sourcing and design infrastructure, including operations in Brazil and China, a new distribution center in New Jersey, in addition to existing working capital of approximately $100 million.

DOJ Gives Preliminary Approval For $69 Billion CVS-Aetna Deal

The Department of Justice gave CVS Health preliminary approval to complete its $69 million merger with Aetna, taking the pharmacy retailer one step closer to its goal of becoming a data-driven health care company with a personal, individualized touch. CVS wants to combine its pharmacies with Aetna’s insurance business in hopes of lowering costs for insurance, prescription drugs and patient care, while providing greater price transparency to consumers in an industry that isn’t often known for that.

Barnes & Noble Gets Serious About Considering A Sale

Barnes & Noble (B&N) has entered a formal review process to evaluate strategic alternatives, including a potential sale. The decision follows interest from “multiple parties” to acquire the company, including Chairman and Founder Leonard Riggio, according to a company statement. The book store retailer also is working to thwart a hostile bid, after an unidentifiable number of parties recently began acquiring company stock. By offering preferred shares at a 50% discount to current shareholders, the company will prevent any party from accumulating 20% or more of common shares.

Walmart Acquires Plus-Size E-Commerce Fashion Retailer Eloquii

Walmart has acquired Eloquii, a plus-sized fashion retailer, marking yet another business the retail giant can add to its collection of digitally native brands. Financial terms of the acquisition have not been disclosed, but Eloquii is reportedly valued at roughly $100 million, according to CNBC. With the acquisition, Walmart is making a play into a plus-size fashion market that has plenty of room for growth. The women's plus-size market reached $21.4 billion in 2016 — less than half of its market potential of $46 billion, according to Coresight Research.The market value for women's plus-size clothing rose 23% per year between 2012 and 2016, more than double the 9.9% growth for apparel overall.

Cegid Buys SMB Tax Solution Loop Software

Cegid has acquired Loop Software, which offers a collaborative cloud-based accounts management and taxation solution for accountants and small and medium-sized enterprises. Terms of the deal were not disclosed.

Staples Acquires Essendant For $996M As Retailer Seeks Wholesale Revival

Staples has acquired Essendant, a national wholesale distributor of office supplies, for $996 million, including net debt. The deal, coming a year after Staples was acquired by investment firm Sycamore Partners for $6.9 billion, will result in a major new multibillion-dollar player in the business of distributing office supplies and industrial products that range from automotive parts to equipment for oil fields. With Essendant under its wing, Staples now has a stronger position within the B2B sales space, giving the retailer a differentiation point it had struggled to create.

Walgreens And CVS Expand Pharmacy Patient Pools Through Acquisitions

Walgreens will acquire the pharmacy patient prescription files and related pharmacy of 185 Fred’s stores across 10 Southeastern states for $165 million, plus the value of the related pharmacy inventory. Fred’s will continue operating its retail stores at most of the locations after the pharmacies close. The deal will increase the presence of Walgreens pharmacies in the Southeast. Affected Fred’s patients will be transferred to the Walgreens network, giving them access to pharmaceutical services at all 9,800 locations worldwide.
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