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Mergers & Acquisitions

  • Toys ‘R’ Us sells FAO Schwarz

    Expect more FAO Schwarz-branded toys, in-store “experiences” and even possible freestanding stores in the very near future.    In an unexpected announcement, ThreeSixty Group said it has acquired FAO Schwarz from Toys “R” Us. The terms of the transaction were not disclosed.  Toys “R” Us purchased FAO Schwarz in 2009.    
  • Black & Decker reportedly interested in buying Sears’ Craftsman brand

    Tools and storage giant Black & Decker is reportedly among the suitors interested in purchasing Sears’ Craftsman line of tools, Bloomberg reported.   Sears announced plans in May that it would consider options for its Craftsman, Kenmore and DieHard brands.   
  • Bass Pro Shops to acquire rival in $5.5 billion deal

    Bass Pro Shops has agreed to acquire Cabela’s in a deal that will allow the privately held Bass Pro to nearly double its store count.    Bass Pro plans to purchase Cabela’s for about $65.50 a share in cash, which represents a 19% premium over Friday’s closing price. The agreement will create an outdoor retail powerhouse that specializes in fishing, hunting and boating merchandise. Both companies are known for their elaborate, wilderness-themed store interiors.   
  • Teen apparel retailer ousts longtime CEO; taps Target exec as head merchant

    Rue 21 announced a series of leadership changes as it looks to reinvigorate its brand.    In a surprise announcement on Saturday, the retailer said it had appointed CFO Keith McDonough as interim CEO, succeeding Bob Fisch, who has served as president and chief executive of Rue 21 since 2001.     
  • Outdoor retailer makes strategic credit card agreement

    Bass Pro Shops is entering into a 10-year agreement with Capital One, a move that will make the card provider the exclusive issuing partner of co-branded credit cards to Cabela's customers.

  • Fitch: Sears, Claire’s among chains at risk for bankruptcy

    In its new study of retail bankruptcies, Fitch Ratings identified seven retailers as being “at risk” for filing bankruptcy in the next year to 24 months.  
  • Farm and Ranch giant buys Petsense

    Farm-and-ranch industry leader Tractor Supply has always been interested in the pet business, and it even operates two standalone HomeTown Pet stores in Tennessee.

  • Pier 1 protects brand with ‘poison pill’ plan

    In addition to posting its earnings, Pier 1 announced a plan to protect the company from potential takeover bids.    On Tuesday, the home decor chain announced a “Rights Protection Agreement,” which will protect itself from any single shareholder seeking to acquire a 10% stake or more, as summarized in an article in MarketWatch.  
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