Story of the Week Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B HBC, parent company of luxury retailer Saks Fifth Avenue, announced it has entered into a definitive agreement to acquire Neiman Marcus Group for $2.65 billion, according to a press release. The purchase will be funded with a combination of […]
Story of the Week Fast fashion retailer Shein confidentially files for London IPO as U.S. listing stalls Shein, the fast fashion giant with links to China, has confidentially filed for a public listing in London as it faces backlash in the U.S., a person familiar with the matter told CNBC. The person was granted anonymity […]
Story of the Week Primo, Poland Spring owner BlueTriton agree to water merger Primo Water and an affiliate of beverage company BlueTriton Brands are merging to create a diversified water giant with a presence in small portable bottles and large containers. BlueTriton’s brands include Poland Spring, Deer Park, Ozarka, Ice Mountain and Pure Life. The all-stock transaction will create […]
Story of the Week Express to Be Bought Out of Bankruptcy for $174M Express, which came close to being totally liquidated, is being rescued out of bankruptcy court. A stalking horse bidder, composed of brand management firm WHP Global and three of the retailer’s key landlords — Simon Property Group, Brookfield Properties and Centennial Real […]
Stories of the Week Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on June 5. The deal has the potential to reach $1.5 billion […]