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Mergers & Acquisitions

  • Report: Amazon tries its hand at a different kind of pop-up

    Amazon is preparing for its newest physical store — and promoting its alcoholic products at the same time.   The online giant is opening a pop-up bar in Tokyo’s Ginza district. The location, which will be open for 10 days, will sell beer, wine, sake and cocktails sold on its Japanese website, as well as exclusive products and samples not yet for sale, according to Bloomberg.  

  • Former GNC exec to head up auto parts retailer

    Jegs Automotive Inc. has appointed a veteran marketing executive as its new chief executive.    The family-owned high-performance auto parts retailer on Wednesday announced it has appointed Jeffrey Hennion as its new CEO, effective Oct. 16. Most recently, Hennion served three years at GNC Holdings, where he was executive VP, chief marketing & e-commerce officer. He resigned in June.   

  • Chapter 22: Why Some Retailers Emerge from Bankruptcy Only to File Again

    As of August 31, 16 retailers have filed for Chapter 11 bankruptcy in 2017. Four of those sixteen retailers are filing for “Chapter 22”, meaning this is their second time declaring bankruptcy. Chapter 22 cases show that the first bankruptcy failed and that the firm and its advisors were too optimistic regarding the firm’s viability out of bankruptcy. The chart below summarizes the four Chapter 22 filings over the past year:  

  • Embattled department store retailer gets fresh cash infusion from owner

    As it heads into its most important selling season, Sears Holding Corp. is receiving another cash infusion from its CEO and largest shareholder.   Sears is borrowing $100 million from units of CEO Eddie Lampert's hedge fund ESL Investments for "general corporate purposes," according to a regulatory filing. The new infusion brings the total of Lampert's outstanding loans to Sears to $499.4 million.   

  • Joplin power center changes hands

    Chase Properties has acquired North Point Shopping Center in Joplin, Missouri, from Kimco Realty Corp.

  • Fast-growing organic grocer sets 2018 store openings

    Sprouts Farmers Market is in expansion mode.    Sprouts Farmers Market announced it will open nine new locations in the first quarter of 2018. In total, the natural and organics grocer will open approximately 30 new stores across the country in 2018.  

  • Home furnishings giant makes it 45

    Ikea is entering new territory.   The retailer will open a store on Oct. 11, in Fishers, Indiana. It will be Swedish company’s first location in Indiana, 45th in the United States, and 408th worldwide.    The 289,000-sq.-ft. Ikea includes one of Indiana’s largest solar rooftops, as well as three electric vehicle charging stations. Ninety percent of Ikea U.S. stores have a solar presence.   

  • Amazon reportedly pursuing partnership with European retailer

    Is Amazon looking for a supermarket partner in Europe?   Privately held French supermarket operator Leclerc has been approached by Amazon over possible logistics partnerships, reported Reuters.    “Yes, we have been approached by Amazon,” Michel-Edouard Leclerc, who heads the company, told Reuters.   
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