Mergers & Acquisitions

Woonsocket, R.I. — CVS Caremark is reportedly planning to re-enter the metro Toledo, Ohio, market by snapping up parcels of property, according to a local news report. The Blade is reporting that the pharmacy retailer bought land on Monroe Street near Douglas Road, where it plans to open its first drug store since exiting the market in 2001.

Citing Lucas County real estate records, the newspaper reports that the company bought eight parcels of property totaling 1.5 acres. The total price for the property was $2.2 million.

Minneapolis -- Target Corp. announced plans to acquire online beauty retailer DermStore for an undisclosed sum.

The move will allow Target to further tap into the online beauty market, as well as continue its trend toward acquiring specialty businesses to ramp up its presence in various niche markets. In March, Target announced its acquisition of Chefs Catalog and Cooking.com in two separate transactions to create a subsidiary.

MINNEAPOLIS — Target is getting ready to expand its rapidly evolving online beauty business with its planned acquisition of the DermStore Beauty Group. 

Seattle – Amazon.com founder and CEO Jeff Bezos is purchasing The Washington Post from media holdings firm The Washington Post. Co. for $250 million in cash. He is making the purchase privately and Amazon.com is not involved in the transaction. Bezos will reportedly take the currently public Washington Post private.

Itasca, Ill. -- Jewel-Osco has appointed Scott Hays as VP operations for the Chicagoland supermarket chain.

Most recently a district manager with Albertsons LLC’s Southern division, Hays will lead the operations team to support Jewel-Osco’s marketing and merchandising initiatives, including the company’s upcoming remodels and opening their five newly acquired Dominick’s locations.

Fremont, Calif. -- The Men's Wearhouse has wrapped up its previously announced acquisition of Joseph Abboud (JA Apparel Corp.).

The cash transaction is valued at about $97.5 million; JA Holding will operate as a wholly owned subsidiary of The Men's Wearhouse.

 

Boca Raton, Fla. – Office Depot has filed a presentation with the Securities and Exchange Commission (SEC), which the retailer says demonstrates the importance of shareholders electing its board’s nominees at the company’s annual meeting on Aug. 21.

William Disbrow and Jim Sampey, former executives with Valpak/Cox Target Media, have joined Sterling Payment Technologies to grow Sterling’s loyalty products and a mobile initiative branded as Perkz.

Disbrow and Sampey were both longtime former executives at Valpak/Cox Target Media who held C-level positions.