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Mergers & Acquisitions

  • Supervalu exec joins Kohl's leadership team

    Kohl's has ended its search for a new finance chief.   The retailer has appointed Bruce H. Besanko to the position of CFO, effective July 10.  He will replace Wesley McDonald, who announced plans in November to retire this spring after 14 years with the company.  

  • Westwood acquires Trader Joe’s center

    Noting that necessity-based have proven to resistant to the pressures of online retailers, Westwood Co-CEO Randy Banchik announced his company’s acquisition of The Arbors at Mallard Creek in Charlotte. Purchase price was $25.1 million.    “This asset boasts a variety of internet resistant tenants, insulating it from factors such as the rise of online shopping,” Blanchik said.  

  • Supermarket giant on hunt for CFO

    Supervalu Inc. is losing its chief finance officer.   The company announced that Bruce Besanko plans to resign as executive VP, COO and CFO effective July 5, 2017 to pursue an outside opportunity.  

  • Home improvement giant completes acquisition

    Lowe's Companies has finalized a deal that fits into its goal to better serve its pro customers.   The home improvement retailer has completed its previously announced acquisition of Maintenance Supply Headquarters for $512 million. The Houston, Texas-based company is a distributor of maintenance, repair and operations (MRO) products serving the multifamily housing industry.  

  • Specialty retailer exploring options

    Eddie Bauer LLC could be for sale.   The retailer has hired investment banks Guggenheim Partners LLC and Financo LLC to explore strategic alternatives, including a potential sale, Reuters reported. The debt-laden company is seeking relief from a $225 million term loan due in 2020 and $200 million revolving credit line that comes due in 2019, the report said.  

  • Lidl reveals more U.S. store openings; to build fourth DC

    German discount grocer is expanding its presence and investment in the U.S. — on two fronts.    On the heels of its first 10 stores opening in the U.S., Lidl is expanding with more locations. On July 13, the company will open two stores in Virginia (in Chesapeake and Culpeper) and two in North Carolina (Havelock and Wake Forest).  

  • Sears Canada closing stores, cutting jobs as part of restructuring

    Sears Canada is looking to reinvent itself.    The long-struggling department store retailer said it expects to close 59 of its 225 stores and cut 2,900 of its approximately 17,000 workers as part of its restructuring. Sears Canada filed for protection from its creditors under Canada's Companies' Creditors Arrangement Act, the equivalent of Chapter 11 bankruptcy, on Thursday.    

  • Walmart leads grocery paid-search ads — but for how long?

    Walmart leads the pack when it comes to paid search advertising in the grocery category.   That’s according to new research from AdGooroo. The search marketing intelligence provider analyzed 124 non-branded grocery store and grocery delivery keywords from June 2016-May 2017.  
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