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Mergers & Acquisitions

  • David’s Bridal in partnership with designer Zac Posen

    New York -- David’s Bridal has entered into a partnership with American designer Zac Posen to launch 'Truly Zac Posen', a collection of bridal and other special occasion dresses. The collection will debut in February 2014 in select David’s Bridal stores and online.

  • Former Williams-Sonoma exec to reinvent kitchens and tableware at RH

    CORTE MADERA, Calif. — Restoration Hardware Holdings has appointed former Williams-Sonoma brand president Richard Harvey as the company's CMO for RH Kitchen and Tableware.

    Harvey spent 30 years at Williams-Sonoma, Inc., most recently as president of the Williams-Sonoma brand. In his new role, Harvey will develop a curated collection of kitchen furniture, appliances, lighting, cookware, tools and food.

  • Hansen resigns from Delhaize board

    Brussels, Belgium -- Jean-Pierre Hansen is resigning from the board of directors of The Delhaize Group effective June 30. Hansen, who initially joined in 2011, said the position required more time than he anticipated and he needed to attend to commitments in the energy sector and other unspecified duties.

    “I have very much enjoyed working with great colleagues on the Board and wish the company well in its future growth," said Hansen.

  • Fuddruckers to open new California location

    Fairfield, Calif. -- A Fuddruckers franchisee has acquired a 14,500-sq.-ft. property on the ring road of Solano Mall in Fairfield, Calif., according to Transwestern, the brokerage that represented the franchisee.

    A Chick-fil-A restaurant attached to the property will continue to operate without change.

     

  • Walmart Canada faces emboldened competitor

    The Sobey’s chain of food stores, whose parent company counts former Walmart Canada head Dave Ferguson among its board members, has added new square footage to its retail portfolio with the acquisitions of Safeway’s Canadian stores.

    The $5.8 billion deal, announced late Wednesday will added Safeway’s 223 stores and 12 manufacturing facilities to Sobey’s existing operation which includes about 1,500 stores under banners such as Sobeys, IGA extra, Thrifty Foods, IGA, Foodland and FreshCo.

  • Sycamore completes acquisition of Hot Topic

    City of Industry, Calif. -- Private equity outfit Sycamore Partners said Thursday it has completed its previously announced acquisition of Hot Topic, valued at about $600 million and returning the Hot Topic namesake stores and the Torrid banner to the private sector.

    "Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners.  

     

  • Safeway in $5 billion dollar deal to sell Canadian stores

    Toronto -- Canada’s second-biggest supermarket operator has acquired Safeway’s Canadian portfolio of stores in a $5.7 billion deal that pulls the Pleasanton, Calif., chain completely out of the country.

    Sobeys, a unit of Empire Co. Lt., has acquired 213 grocery stores, 62 fuel stations, 10 liquor stores, 12 manufacturing facilities and four DCs, leaving Safeway with 1,400 stores in the U.S. after the deal.

  • Sycamore Partners acquires mall goth retailer

    Sycamore Partners has acquired mall- and Web-based specialty retailer Hot Topic and its Hot Topic, Torrid and Blackheart concepts for approximately $600 million.

    "Hot Topic and Torrid are both leaders in their categories, and we are excited to have both brands as part of our portfolio," said Stefan Kaluzny, managing director of Sycamore Partners. "Sycamore Partners is very pleased to have the opportunity to partner with Lisa Harper and her team to invest in the continued development of both the Hot Topic and Torrid retail brands."

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