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Mergers & Acquisitions

  • Haggen to reduce store count

    Bellingham, Wash. – West Coast regional grocer Haggen is scaling back some highly ambitious growth plans. Haggen, which made headlines by buying 146 divested Albertson’s and Safeway stores as an 18-unit chain in December 2014, is closing or selling a number of locations in California, Arizona, Nevada, Oregon and Washington.

  • Cornell's revamp of Target leadership continues

    CEO Brian Cornell isn't done retooling the executive leadership team at Target Corp.: The retailer now has a new COO and CFO.

    Target has promoted current CFO John Mulligan to the newly created role of executive vice president and chief operating officer, effective Sept. 1. Mulligan will assume oversight of stores, supply chain and properties. Joining Target as executive vice president and chief financial officer will be Cathy Smith, a seasoned retail business leader. Both Mulligan and Smith will report to Cornell.

  • QVC buys struggling online retailer for $2.4 billion

    Englewood, Colo. – Home shopping retailer QVC is expanding its omnichannel reach. QVC parent company Liberty Interactive Corp. is purchasing struggling online retailer Zulily Inc. for $2.4 billion in cash and stock.

  • QVC adds some hipster cred with acquisition

    QVC just gained some credibility among hipsters and millennials by buying a popular Internet flash sale site that caters to those younger shoppers.

  • Tony’s Finer Foods acquires retail center

    Chicago -- Transwestern’s Chicago office announced it brokered the sale of Town Square of Schaumburg, a 96,014 sq. ft. retail center, in Schaumburg, Illinois, for an undisclosed amount to Tony’s Finer Foods. Tony’s Finer Foods plans to open a Tony’s in the former Dominick’s space, which closed in December 2013.

  • Walgreens' Wasson receives lifetime achievement accolade

    Former Walgreens president and CEO Greg Wasson became the chain drug industry’s first executive to receive the Grocery Manufacturers Association’s highest honor.

  • For retailers, it may be time to ramp up the buybacks

    Retailers rely on a combination of dividend payments and share repurchase programs to return cash to stockholders, but the latter method is coming under scrutiny as Democrats look to leverage the populist theme of income inequality during the 2016 presidential campaign.

  • Another shakeup to the leadership at Target

    Another high level defection from Target's merchandising ranks suggests CEO Brian Cornell's strategic vision for the retailer is not universally shared.

    Jose Barra, executive vice president in charge of merchandising at Target, is departing the Minnesota-based retailer for a new position, The Wall Street Journal reported.

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