-
Private equity company Clayton, Dubilier & Rice to acquire David’s Bridal
New York -- Private equity firm Clayton, Dubilier & Rice on Tuesday announced a definitive agreement to acquire the 300-store David’s Bridal in a deal that values the bridal dress retailer at $1.05 billion.
Leonard Green & Partners will remain a minority partner. CD&R operating partner Paul Pressler, former CEO of Gap Inc. and former senior Disney executive, will assume the role of chairman at the close of the transaction, expected in the fourth quarter.
-
Barnes & Noble forms Nook deal with U.K. retailer
NEW YORK — U.K. retailer John Lewis has become the first company outside of the United States to partner with Barnes & Noble for the sale of Nook devices.
John Lewis will offer Nook products at 37 U.K. stores and on www.johnlewis.com. As previously disclosed, Barnes & Noble will also offer Nook devices and content to U.K. customers this autumn through its own online storefront, www.nook.co.uk.