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Destination Maternity to be acquired by French company
French children’s clothing company Orchestra-Premaman SA has won its battle to acquire to acquire Destination Maternity Corp. The deal calls for Orchestra to acquire Destination Maternity for about $7.05 a share, valuing the U.S. retailer at about $100 million according to its share count. -
Best Buy opens five appliance outlets
Hoping to bolster sales across its home appliance category, Best Buy opened five outlet locations dedicated to major appliances. The outlet stores are located in San Antonio and Famers Branch, Texas, Raleigh, N.C., Newark, Del., and Moreno Valley, Calif. All five locations opened this month, according to The Dallas News.

