Financial/M&A
Financial/M&A
Which catalog companies are for sale? Which ones are looking for companies to buy? Who's having a stellar selling season, and who's drowning in red ink? Here's news from CATALOG AGE on industry mergers, acquisitions, bankruptcies, closures, and recoveries.
Charming Shoppes Buys Crosstown Traders
Here’s one acquisition in which a private equity firm is the seller, not the buyer: Multititle mailer Crosstown Traders is being sold to apparel retailer Charming Shoppes....
Equity Firm Takes Vermont Teddy Bear Private
Shelburne, VT-based Vermont Teddy Bear Co. announced on May 16 an investment group led by Boston-based private equity firm The Mustang Group would buy out a significant portion of the company’s common stockholders. ...
Expect a Bath & Body Works Catalog Next Year
Columbus, OH-based Limited Brands, the parent of women’s apparel merchant Victoria’s Secret, termed its first-quarter results "disappointing." How disappointing? ...
Henry Schein Heads Down Under
Continuing the global expansion of its dentistry business, Melville NY-based Henry Schein acquired Halas Dental and Shalfoon Bros....
Blair on Acquisition Offer: "We’re Reviewing"
Loeb Partners Corp., a New York-based company with multiple investment funds, has offered to buy Warren, PA-based Blair Corp. for $36 a share...
Systemax to Restate 2004 Results
Because of errors in accounting for inventory at its Tiger Direct subsidiary, Port Washington, NY-based Systemax (NYSE: SYX) will restate its results for the year ended Dec. 31, 2004. ...
Service Sector Paces M&A Activity
Marketing service transactions accounted for slightly more than half of all first-quarter direct marketing mergers and acquisitions, according to New York-based investment banking firm Petsky Prunier. ...
Financial Reports: PC Mall, eCost, Aramark
Both PC Mall and its eCost spin-off start the year at a loss; Aramark's direct division continues to struggle...
Cortec Recapitalizes Dr. Leonard's Parent
Cortec Group Fund III has recapitalized Edison, NJ-based High Response Holdings, which mails the Dr. Leonard’s Healthcare and Carol Wright Gifts titles and has a syndication agreement ...
Astrodyne Gets Investment
Bethesda, MD-based American Capital Strategies Ltd. has invested $31 million in the buyout of Taunton, MA-based Astrodyne Corp....
J. Crew Mum on Potential IPO
Though "The Wall Street Journal" reported this week that New York-based cataloger/retailer J. Crew might file for an initial public offering (IPO) later this year, the company is staying silent. ...
Financing Approved for Spiegel Bankruptcy Exit
Spiegel Inc. received court approval to accept a $300 million loan to enable it to exit bankruptcy. Affiliates of GE Commercial Finance, JPMorgan, and Credit Suisse First Boston are providing the loan....
Financial Reports: Sharper Image, Gaiam
Earnings decline for Sharper Image, and it's back in the black for Gaiam...
Financial Reports: Schein, Bluefly
Henry Schein posts record first-quarter sales and income, while Bluefly cuts its loss and boosts its revenue....
Neiman Marcus Agrees to Sale; Two Investment Firms to Pay $5.1 Billion
Dallas-based cataloger/retailer The Neiman Marcus Group (NYSE: NMG.A) on May 2 agreed to be acquired by Texas Pacific Group and Warburg Pincus for $100 per share in cash, or $5.1 billion. Texas Pacific and Warburg Pincus will own an equal stake in the company upon the transaction’s close, which is expected to be Nov. 1....
Financial update: Sales gains come at a cost
The fourth quarter has always been considered the make-or-break quarter for catalogers. Happily, 77% of the publicly traded consumer merchants tracked...
Pump Up the Value
The days of multichannel marketing as an independent business discipline, dominated by just a few tech-savvy marketers, are over. Successful direct marketers...
Trio agrees to buy Brookstone
Merrimack, NH-based cataloger/retailer Brookstone, which mails the Gardeners Eden, Hard-to-Find Tools, and Brookstone catalogs, announced on April 15...
Paragon Gifts sold
Another day, another acquisition: Private equity firm Reliant Equity Investors in March bought Westerly, RI-based Paragon Gifts Holdings, parent of gifts...
JH Partners takes stake in AmeriMark
JH Partners is at it again: On March 18 the San Francisco-based private equity firm bought 75% of AmeriMark Direct, a multititle mailer of women's apparel,...
Heirs Put Tog Shop, A.B. Lambdin Up for Sale
The heirs of Tog Shop founder Emory Rylander, who started the catalog in 1950, have put the family business up for sale. And according to Carl Tott, president of the Americus, GA-based cataloger/retailer, a party is already working on an agreement to acquire the Tog Shop catalog. ...
Financial Report: Blair Profitable on Reduced Circ
Warren, PA-based apparel and home products mailer Blair Corp. posted lower first-quarter sales but an improved bottom line thanks largely to less prospecting and stricter credit requirements. ...
Financial Report: CDW Posts Strong Quarter
Vernon Hills, IL-based computer products cataloger CDW Corp. reported an 11% rise in first-quarter profit, driven by strong growth in sales of computers, servers, and software....
Trio of Buyers to Acquire Brookstone
Merrimack, NH-based cataloger/retailer Brookstone, which mails the Gardener’s Eden, Hard-to-Find Tools, and Brookstone catalogs, announced on April 15 that it has signed a definitive agreement to be sold. ...
Financial Reports: Alloy, Mattel
Cataloger/retailer/marketing services provider Alloy posts a wider loss for fiscal 2004; toys marketer Mattel suffers a "disappointing" first quarter...
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Next»
