Story of the Week Beyond Acquires Buy Buy Baby in Deal That Could Generate Cryptocurrency Token With an initiative that further reconstructs the Bed Bath & Beyond business, Beyond has entered into an asset purchase agreement with BBBY Acquisition Co. LLC to acquire the global rights of the Buy Buy Baby brand for $5 million, […]
Story of the Week General Mills finalizes sale of Canadian yogurt business General Mills, Inc. has completed the sale of its Canadian yogurt business to Sodiaal. The transaction includes the Canadian operations of several yogurt brands, including Yoplait and Liberte, as well as a manufacturing facility in Saint-Hyacinthe, Que. General Mills announced plans to divest […]
Story of the Week Vince Holding Corp. sells majority stake to P180, former CEO returns P180, a retail innovation firm focused on luxury apparel, bought a majority stake in Vince Holding Corp. from affiliates of Sun Capital Partners, according to a press release on Jan 22nd. Under the deal, P180 co-founder Brendan Hoffman, formerly CEO […]
Story of the Week Joann files for bankruptcy protection — again; seeks buyer Joann has filed for Chapter 11 bankruptcy protection for the second time in less than a year. The 82-year-old crafts and fabrics retailer said it filed for voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to […]
Story of the Week J.C. Penney and Sparc Group merge to launch Catalyst Brands J.C. Penney and Sparc Group announced on Wednesday a new joint venture that combines their retail expertise and portfolios into one organization. Dubbed ‘Catalyst Brands’, the organization brings together six banners including J.C. Penney, Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand, and […]