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Mergers & Acquisitions

  • Bloomberg: Walgreens could sell additional assets to Fred’s

    There is another development in Walgreens’ quest to acquire Rite Aid.  

  • Pizza chain expanding into 17 new states

    Nearly half a century after entering the franchise business, Gatti’s Pizza has announced an aggressive expansion plan that will take it into 17 new states.  

  • Couche-Tard’s Circle K remodels, earnings increase

    Canada-based convenience store operator Alimentation Couche-Tard posted net earnings of $287 million in the third quarter of its fiscal year, up 4.7% from the previous-year period.   Same-store merchandise sales fell by a point in Europe, but were up 1.9% in the U.S. Same-store gasoline sales volumes rose 2.8% stateside.   Couche-Tard’s global rebranding of its Circle K stores proceeded at a quick pace during the quarter, with more than 1,000 U.S. stores completed.  

  • Century-old value department store calls it quits

    Gordmans Stores is the latest chain to file for bankruptcy.   The 100-year-old chain announced on Monday, March 13, that it filed Chapter 11 in the United States Bankruptcy Court for the District of Nebraska.  

  • Sporting goods retailer officially files for Chapter 11

    Gander Mountain has filed for bankruptcy, but it is proactively seeking a buyer.    The sporting goods retailer, which announced Friday, March 10 that it has filed for Chapter 11 protection, said it will pursue a “going concerns sale,” enabling it to function without the threat of liquidation for the foreseeable future.   

  • Discounter bolsters tech team through ‘acquihiring’

    Data and analytics is more than a business foundation — it is a key differentiator in an increasingly competitive marketplace, according to Target’s senior VP Paritosh Desai.   As a result, Target is making a big push to add top tech talent, from software engineers to data scientists — a move that pushed the chain to “acquihire” tech companies. In this practice, larger companies acquire smaller ones to obtain their technology and, essentially, hire their leadership and teams.  

  • Commentary: Retailers need to join forces to solve patent troll problem

    Diane K. Lettelleir, senior managing counsel of JCPenney Corp., discusses why retailers can’t wait for the government to solve the patent troll problem in the commentary below:    JCPenney and numerous other retailers have been hunted for the last decade by patent trolls that aggressively file suits based on overly broad claims in patents against related but distinct technologies. JCPenney alone has endured dozens of patent troll lawsuits over this period.   

  • Longtime CEO of PacSun out

    There’s been a change at the top of teen apparel retailer Pacific Sunwear of California (PacSun).   Chief executive Gary Schoenfeld has departed the chain, which is owned by Golden Gate Capital. The news was first reported by shop-eat-surf.com   Schoenfeld had served as CEO of PacSun since 2009. No reason was given for his departure.   
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