Mergers & Acquisitions

Dollar Tree says Family Dollar CEO Howard R. Levine is stepping down as an officer of the company following the integration of Family Dollar.

The company had previously announced that Levine would remain with the company for a period of time to assist with the integration, reporting to, and supporting, Dollar Tree’s CEO, Bob Sasser. Gary Philbin, who was named Family Dollar’s president and COO in July, will continue leading Family Dollar and will continue reporting to Sasser.

Children’s Place did the most shareholder friendly thing possible just days after it announced a slate of other shareholder friendly measures.

Leading department store operator Hudson’s Bay Company confirmed months of speculation and agreed to pay what appears to be a modest sum to acquire online luxury retailer Gilt Groupe.

Hudson’s Bay, which operates 470 department stores including Saks Fifth Avenue and the Off 5th discount format, said it agreed to pay $250 million for Gilt in a deal that will add $500 million to 2016, $40 million in adjusted operating profit by 2017 and countless synergies to leverage the combined companies’ infrastructure and customer databases.

Leading department store operator Hudson’s Bay Company confirmed months of speculation and agreed to pay what appears to be a modest sum to acquire online luxury retailer Gilt Groupe.

Hudson’s Bay, which operates 470 department stores including Saks Fifth Avenue and the Off 5th discount format, said it agreed to pay $250 million for Gilt in a deal that will add $500 million to 2016, $40 million in adjusted operating profit by 2017 and countless synergies to leverage the combined companies’ infrastructure and customer databases.

St. Petersburg, Fla. -- The Sembler Company added 420,000 sq. ft. of new acquisitions to its portfolio in 2015, in addition to breaking ground on three new shopping centers and inking deals for three more – all while maintaining more than 95% portfolio occupancy.

Supervalu Inc. on Thursday moved closer to spinning off its Save-A-Lot division as a public company, filing a plan with the Securities and Exchange Commission.

Under the plan, Supervalu shareholders will own at least 80.1% of the spun-off company. The stock would be publicly traded under an as-of-yet unidentified ticker. Supervalu did not set a deadline for taking Save-A-Lot public.

Walgreens Boots Alliance on Thursday reported net sales of $29 billion, representing an increase of 48.5%, for the first quarter 2016 that ended Nov. 30, 2015. The significant growth was attributed to the inclusion of Alliance Boots consolidated results, the company reported.

Wall Street had expected $29.2 billion in overall revenue, according to analysts polled by Thomson Reuters.

Walgreens Boots Alliance on Thursday reported net sales of $29 billion, representing an increase of 48.5%, for the first quarter 2016 that ended Nov. 30, 2015. The significant growth was attributed to the inclusion of Alliance Boots consolidated results, the company reported.