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Mergers & Acquisitions

  • Eastern Mountain Sports goes live with JustEnough forecast solution

      IRVINE, Calif.- JustEnough Software Corp announced that Eastern Mountain Sports, has gone live with JustEnough’s retail planning solution to better plan and forecast for its 68 stores and e-commerce site.  

  • Heslin Holdings acquires retail property in Albuquerque for planned redevelopment

    Laguna Hills, Calif. — Heslin Holdings, Inc., a privately owned commercial real estate investment and development firm, has purchased 1640 Rio Rancho Blvd., aretail property located in Rio Rancho, a city within the major metropolitanregion of Albuquerque, N.M. The firm will redevelop and re-tenant the property as part of a value-add investment strategy. Additionally, the firm has announced plans to invest up to $100 million in commercial properties in 2015.

  • Canada approves Tim Hortons-Burger King merger

    Oakville, Canada — The proposed merger between Tim Hortons Inc. and Burger King Worldwide Inc. has been approved by the Minister of Industry under the Investment Canada Act ("ICA"). The companies have set the deadline for registered shareholders of Tim Hortons or Burger King Worldwide to make an election by Dec. 9, with the assumption the proposed merger will occur Dec. 12.

  • Delia's to liquidate, file for Chapter 11

    Teen retailer Delia’s Inc. plans to liquidate operations and file for Chapter 11 bankruptcy protection "in the very near term."

    The company has struggled with weak sales for years and has not reported an annual profit since 2007.

    Several teen apparel retailers have been losing market share to fast-fashion brands such as H&M, Forever 21 and Zara.

  • Francesca’s picks Signet chief as CEO

    Struggling retailer Francesca's has named specialty retailing veteran Michael W. Barnes as president and CEO.

    Greg Brenneman, chairman of the board since 2010, was named lead director.

    Barnes had been CEO at Signet since 2011 and led Signet’s $1.46 billion acquisition of Zale Corp. Before that, he spent more than 25 years at the fashion company Gossip Group Inc., becoming president and chief operating officer in 2007.

  • Teen retailer Delia’s to liquidate operations

    New York — Teen retailer Delia’s Inc. plans to liquidate operations as it prepares to file Chapter 11 bankruptcy protection "in the very near term." The struggling retailer has been hurt by sluggish mall traffic, evolving fashion trends and weak online sales. It said it has  unable to find a merger partner, or get an acquisition or financing proposal that would allow it to remain a viable concern.  

  • Dollar General and Dollar Tree trade barbs over Family Dollar

    Goodlettsville, Tenn. — Dollar General Corp. and Dollar Tree engaged in a verbal war on Friday as they both seek to acquire Family Dollar.    In a news release, Dollar Tree said Dollar General's bid "may ultimately fail" because the Federal Trade Commission may require it to sell more than the 1,500 stores the retailer has said it is willing to let go of.  

  • Genesco lowers outlook, names new CFO

    Genesco detailed succession plans for its CFO on a day that the company also reported weaker-than-expected earnings for the fiscal third quarter and lowered its outlook for the full year.

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