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Mergers & Acquisitions

  • Destination Maternity CEO out; Q2 sales slide

    Destination Maternity is looking for a new chief executive.   The struggling maternity apparel retailer said that Anthony M. Romano is stepping down as president, CEO and board member as part of a mutual agreement, effective Sept. 7. Romano has served in the role since 2014, and, prior to that, was president and CEO of Charming Shoppes. His departure follows the recent termination of an agreement for Destination Maternity to be acquired by France's Orchestra-Prémaman.  

  • Report: The cities that line up with Amazon's headquarters criteria are...

    It didn't take long for cities across North America to throw their hat in the ring when Amazon announced it had initiated a search for a city in which to build a second headquarters.    In seeking proposals, Amazon laid out some very definite criteria, including population requirements (one million or more). CNBC examined the criteria and suggested that five cities are worthy of a close look by Amazon: New York, Atlanta, Chicago, San Francisco and Boston.   

  • Amazon on hunt for location to build a second North American headquarters

    The search is on for Amazon.    The e-commerce giant is currently evaluating where it will open its second company headquarters in North America. The new office, referred to as "HQ2," will be a complete headquarters — not a satellite office. It also could have a similar layout to Amazon's Seattle campus, which employs 40,000 people, and encompasses 8.1 million sq. ft. with 33 buildings, including 24 restaurants.  

  • GNC taps Rite Aid chief as CEO

    Ken Martindale has stepped down as chief executive of Rite Aid Stores to take the reins of the struggling GNC Holdings.   The specialty retailer of vitamins and supplements on Wednesday announced that Ken Martindale would succeed GNC interim CEO Bob Moran, effective Sept. 11. As part of the transition, Moran will become chairman, replacing Michael F. Hines, who will remain on the board.   

  • Toys 'R' Us hires firm to help it explore options

    Toys "R" Us' debt may have finally caught up with it.    With $400 million in debt coming due in 2018, Toys "R" Us is bringing in advisors to help the retailer weigh its options, which could include filing for bankruptcy protection. The nation's largest specialty toy retailer has hired Kirkland & Ellis, a law firm that specializes in corporate restructurings.   

  • Gap Inc. shifting focus—and store footprint—to two brands

    Gap Inc. is shifting its emphasis to its two best-performing brands — and realigning its store portfolio to reflect its new emphasis.   

  • Kohl's to partner with e-commerce giant on in-store shops

    Yet another traditional retailer is partnering with Amazon, as the online behemoth continues to expand its presence in brick-and- mortar stores.    Kohl's plans to add an Amazon "smart home experience' in-store shop, or "zone," in 10 select Kohl’s locations across the Los Angeles and Chicago areas starting in October. The spaces will allow shoppers to try out and purchase Amazon devices, accessories and smart home devices and services directly from the online retailer.  

  • Discount giant steps up cloud and AI initiatives

    Walmart is making a bold move as it continues to seek out ways to distance itself from Amazon.   The discount giant is investing in Nvidia chips. These high-level graphical processing units (GPUs) will be the foundation of a robust cloud network where Walmart data scientists can build out AI systems, reported Geek Wire.  
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