Mergers & Acquisitions

San Jose, Calif. – The upcoming spinoff of its PayPal unit may not be the only deal eBay Inc. has in the works.

According to Reuters, eBay is in advanced talks with private equity firm Thomas H. Lee Partners LP to acquire eBay’s enterprise business for close to $1 billion.

New York - Tiffany & Co. turned to a main competitor when it was time to find a new global business executive. Tiffany has named Philippe Galtié to the position of senior VP international, effective Aug. 17.

Galtié, 54, most recently held the post of Cartier’s international retail director. He began his career with a range of general management and global marketing roles at Moët-Hennessy, Mars Inc., Eridania Beghin Say and the Nestlé Group.

Irving, Texas – Some stockholders of The Michaels Companies Inc. intend sell 12.5 million shares of Michaels common stock. The selling Stockholders will receive all of the net proceeds from this offering.

No shares are being sold by the company. Goldman, Sachs & Co. will act as underwriter for the offering.
 

The private equity firms that paid a premium to take Michaels private nearly a decade ago continue to gradually unwind their majority position in the nation’s largest arts and crafts retailer.

Coty is buying 43 beauty brands from Procter & Gamble Co., including Miss Clairol, Covergirl and Max Factor.

New York -- Trader Joe’s is opening a store in the heart of what is arguably the nation’s hippest enclave.

The grocer has signed a lease to open an 18,000-sq.-ft. in the Williamsburg section of Brooklyn, New York, reported Crain’s New York.

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Phoenix -- DTZ, a leader in commercial real estate services, announced that a limited partnership formed by Weingarten Realty Investors of Houston acquired The Summit at Scottsdale, a 190,408-sq.-ft. retail center anchored by Safeway and Target, for $54.1 million.

Donahue Schriber Realty Group, L.P., of Costa Mesa, California, was the seller of the property located on the southeast corner of Scottsdale Road and Ashler Hills Drive in Scottsdale, Arizona.

Phoenix -- DTZ, a leader in commercial real estate services, announced the $52 million sale of Crossroads Towne Center in North Las Vegas -- a 148,791-sq.-ft. neighborhood retail center located on 16.34 acres -- on behalf of the sellers, a company formed by The Eagle Group, Los Angeles. The buyer was a company formed by Cornerstone Advisers of Santa Monica, California.

Plano, Texas -- Home décor superstore At Home is entering a new market.

The retailer announced opening of its store in Kenner, Louisiana, on July 9. The 90,000-sq.-ft. is At Home’s first store in Louisiana.

At Home currently operates more than 90 stores across 25 states.
 

DEERFIELD, Ill. — Walgreens Boots Alliance appears to be just getting started. The company posted third-quarter EPS of $1.02 for the period ended May 31, which was 15 cents better than analyst estimates of 87 cents. However, revenue for the quarter came in at $28.8 billion, up 48.4%, against consensus estimates of $29.6 billion. Domestic operations were up 5.3% to $20.4 billion.