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Mergers & Acquisitions

  • Private-label implementation to eat up 50% of food share

    NEW YORK — The share of private-label brands and products will double to 50% by 2025, thanks to a continued emphasis made by retailers.

    In a new report released by Rabobank's Food and Agribusiness Research division, author Sebastiaan Schreijen noted that national brands and smaller, secondary brands (referred to as "A" and "B" brands, respectively) will prompt an intense price competition and therefore will cause the private-label market to become chock-full of higher-quality "B"-brand products at lower prices.

  • Beyond market multiples: Increasing the value of your company before the sale

    By Kenneth H. Marks, [email protected]

    Great news! After a long drought of M & A activity, the market for private companies is showing signs of life and recovery. If you own, operate or advise a middle market company, $5 million to $500 million in revenue, what does this mean for you and your clients when thinking about shareholder liquidity or selling the business? And how can you improve the odds of getting a deal done?

  • Ebay to acquire GSI Commerce

    SAN JOSE, Calif. & KING OF PRUSSIA, Pa.  -- Ebay Inc. announced that it has agreed to acquire GSI Commerce, a leading provider of e-commerce and interactive marketing services, for $29.25 a share, or total consideration of approximately $2.4 billion. The acquisition, which will be financed with cash and debt, is expected to close in the third quarter of 2011.

  • T.G.I. Friday’s parent to double chain over five years

    Minneapolis -- Carlson Restaurants, parent of T.G.I. Friday’s, announced at a conference in Dallas last week that it plans to double the number of units globally under a program it is calling Ambition 2015.

    "With the strength of our Friday's brand, our management team and our franchise partners, we are uniquely positioned to dramatically increase the footprint of our business," said Nick Shepherd, president and CEO of Carlson Restaurants.

  • Charming Shoppes to close 240 stores

    Bensalem, Pa. -- Charming Shoppes said it would close 240 unprofitable stores in 2011, or nearly 12% of its total outlets, and that more than half of those would be Fashion Bug stores.
     
    The locations were not disclosed.

    The company said all 30 of its Catherines Plus Sizes stores in outlet locations would be shuttered over a two-year period.
     

  • Peapod expands in NYC

    NEW YORK — Royal Ahold’s Peapod online grocery service is expanding in New York, according to published reports.

    According to the reports, the new service, Peapod by Stop & Shop, will fulfill orders using the existing warehouse presence of Ahold supermarket banner Stop & Shop, which operates several stores in the city. In addition to groceries, Peapod also offers numerous health and beauty products.

  • PepsiCo names EVP government affairs

    PURCHASE, N.Y. -- PepsiCo has announced the appointment of Maura Abeln Smith to the position of EVP government affairs, general counsel and corporate secretary, effective May 5.  Smith will succeed Larry Thompson, who is retiring from the company to assume a teaching position at the University of Georgia Law School.

    Smith, who will report to PepsiCo Chairman and CEO Indra Nooyi, will be responsible for the company's worldwide legal function and government affairs organization.

  • Potbelly Sandwich to open first New York location

    New York City -- TF Cornerstone said it recently signed a 15-year, 2,800-sq.-ft. lease with Potbelly Sandwich Shop at 2 Gold Street, a 650 unit luxury residential building.

    The location is the chain’s first in New York. Potbelly joins existing tenants Pret-A-Manger, Goodburger and Hot Clay Oven.

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