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Mergers & Acquisitions

  • Wal-Mart takes control of e-commerce in China

    Bentonville, Ark. – Wal-Mart Stores Inc. is taking control of its e-commerce operations in China. The discount giant has acquired the 49% of its Chinese e-commerce arm Yihaodian it did not previously own, taking full ownership of its e-commerce business in China.   

  • Canada's largest grocer closing stores

    Canada's biggest food retailer Loblaw announced it plans to close 52 unprofitable stores over the next year at the same time the company reported lackluster second quarter financial results.

    Loblaw Companies has more than 2,300 stores, including Loblaws, Provigo, and Extra Foods. It also owns Shoppers Drug Mart. 

  • Loblaw swings to profit, will shutter 52 stores

    Brampton, Canada – Loblaw Companies Ltd. swung from loss to profit in the second quarter of fiscal 2015, but still plans to improve profitability even more. Loblaw reported net income of $185 million, compared to a net loss of $456 million the same period a year earlier.  

  • Former eBay exec joins Ernst & Young as innovation head

    New York – The changes continue at eBay. Jeff Wong, who ran eBay’s Business Incubation Group, has joined professional services firm Ernst & Young as chief innovation officer.    Wong will lead Ernst & Young’s newly formed Global Innovation Team. The team will identify emerging concepts and solutions and also work to develop new technologies, strategies and solutions.  

  • Southeastern Grocers sells 29 stores to K-VA-T

    Regional grocery chain Southeastern Grocers has agreed to sell 29 BI-LO stores to another regional grocery chain: K-VA-T Food Stores.

    K-VA-T says it intends to continue to operate all of these stores under the Food City banner and hire the vast majority of their store associates, retaining their years of service.

  • Limited Too makes a comeback

    New York – In a consumer culture obsessed with nostalgic “throwbacks,” a retail brand from the not-too-distant past is coming back. Specialty apparel brand Limited Too, which was consolidated into the Justice banner by then-parent company Tween Brands in 2009, is making a return.  

  • Home Depot targets professional customers with $1.6 billion purchase

    Atlanta - The Home Depot Inc. is spending about $1.6 billion in an acquisition squarely aimed at better meeting the needs of its professional customers.

    The retailer is purchasing Jacksonville, Florida-based Interline Brands Inc., a national distributor and direct marketer of broad-line maintenance, repair and operations (MRO) products.

  • Elizabeth Arden names brand president, signs Asia deal

    New York - Elizabeth Arden Inc. has named JuE Wong as president, Elizabeth Arden brand, effective Aug. 3. Wong was previously CEO of StriVectin and Astral Brands and also held several leadership positions for brands including N.V. Perricone, M.D. Cosmeceuticals and Murad.

    In addition, Elizabeth Arden has signed a joint venture agreement with Asian prestige beauty distributor Luxasia Ventures Pte Ltd for the Southeast Asia region. Elizabeth Arden expects to commence operations in the first fiscal quarter of fiscal 2016

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