Story of the Week E.l.f. Beauty to acquire Hailey Bieber’s Rhode for $1B As it grows its skin care assortment, E.l.f. Beauty announced on May 28th that it would acquire Rhode, Hailey Bieber’s beauty brand, for $1 billion. The deal is subject to customary closing conditions and should be complete in E.l.f’s Q2 of fiscal […]
Story of the Week Dick’s Sporting Goods to acquire Foot Locker for $2.4 billion in effort to corner Nike market Dick’s Sporting Goods said it plans to acquire rival Foot Locker as it looks to expand its international presence, win over a new set of consumers and corner the Nike sneaker market. Under the terms […]
Story of the Week U.S. and China agree to slash tariffs for 90 days in major trade breakthrough The U.S. and China on Monday agreed to temporarily suspend most tariffs on each other’s goods in a move that shows a major thawing of trade tensions between the world’s two largest economies. The trade agreement means […]
Story of the Week Report: Crumbl to Sell Minority Stake to TSG Consumer Partners Private equity is now taking a bite out of Crumbl. TSG Consumer Partners has reportedly agreed to take a minority stake in the 1,100-unit dessert chain, according to Bloomberg. The investment is in the form of preferred equity. Private credit funds […]
Story of the Week Mytheresa Finalizes Yoox Net-a-porter Acquisition, Will Begin Trading as ‘LUXE’ on May 1 Mytheresa has finalized its deal to acquire Yoox Net-a-porter, creating an online mega-group with the aim of becoming a 4-billion-euro business. On Apr 24, Mytheresa confirmed that it purchased 100 percent of YNAP from Richemont through the subsidiary […]