Story of the Week PepsiCo buys prebiotic soda brand Poppi for nearly $2B PepsiCo is purchasing prebiotic soda maker Poppi for $1.95 billion. The transaction is subject to regulatory approval. The CPG giant said the brand, which saw $500 million in sales last year, has amassed “a loyal fan base and a demonstrated capacity for […]
Story of the Week Hudson’s Bay in Canada Files for Bankruptcy Protection, Initiates Restructuring Proceedings Hudson’s Bay Company, the Toronto-based department store chain and website, disclosed that it is restructuring its business and has been granted protection from its creditors by a Canadian court. The Canadian retailer said it had commenced proceedings under the Companies’ […]
Story of the Week Walgreens to go private in roughly $10 billion deal with Sycamore Partners Struggling drugstore chain Walgreens is going private. On Mar 6th Walgreens inked a deal with private equity firm Sycamore Partners that will take it off the public market for an equity value of around $10 billion. Sycamore will pay $11.45 per […]
Story of the Week Roark Capital signs $1 billion deal for Dave’s Hot Chicken, sources say Private equity firm Roark Capital has signed a deal to acquire Dave’s Hot Chicken for roughly $1 billion, according to sources familiar with the matter, in a deal that will reinforce its foothold in the restaurant industry. Drawn by […]
Story of the Week Caleres to Acquire Tapestry’s Stuart Weitzman for $105 Million Caleres has inked a deal to acquire Stuart Weitzman from Tapestry Inc. for $105 million. The move strengthens Caleres’ position in women’s fashion footwear, particularly in the contemporary segment of the market, while enabling Tapestry to focus on its Coach and Kate […]