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 […]
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, […]