FTD Companies Inc. will acquire the Provide Commerce floral and gifting business from Liberty Interactive Corp. for $430 million in cash and stock.
Financial woes continue for RadioShack, which was recently notified it is in danger of being delisted by the New York Stock Exchange.
U.S. retail and consumer merger & acquisition (M&A) activity during second quarter 2014 was driven by eight multibillion dollar transactions, anchored by the food and beverage (including alcohol and retailing) sectors, exceeding year-over-year deal value by 104% and volume by 52%.
By Sandy Skrovan, U.S. research director at Planet Retail
It’s no shock Bill Simon is leaving after not getting the lead role when Mike Duke stepped down as Walmart CEO last year. Simon did a lot of things well during his tenure at Walmart U.S., but we view it as having been difficult for him to have filled Duke’s shoes to become CEO of the largest global retailer without relevant international experience. Read More.