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PetSmart has entered into a definitive agreement to be acquired by a consortium led by private equity firm BC Partners, Inc. at a price of $83 per share in cash, representing a premium of approximately 39% over PetSmart’s unaffected closing share price on July 2. The transaction would be valued at approximately $8.7 billion
The transaction provides Speed Commerce with a diverse list of marquee clients on long-term contracts, adds substantial fulfillment services assets, and solidifies the company’s position as one of the fastest growing providers of end-to-end ecommerce services.
Petco has entered into an agreement to acquire Drs. Foster and Smith, a leading veterinary-owned online pet supply company. The acquisition will unite one of the largest pet specialty retailers with one of the largest online pet retailers in the country.
Batteries Plus LLC has acquired privately held LED Hut Ltd., a leading provider of LED lighting products, including bulbs and light fixtures, to customers throughout Europe.
Online floral retailer 1-800-Flowers announced it has acquired specialty gift retailer Harry & David Holdings Inc. for $142.5 million, according to a press release.
Trunk Club’s 250 personal stylists build true, one-to-one relationships with their members to understand their lifestyles and styling preferences before hand-selecting merchandise that is then shipped to the customer.
The combination of NetSuite and Venda will deliver unprecedented capabilities that businesses need to meet the demands to deliver a seamless, omnichannel commerce experience to consumers and businesses, NetSuite said in a press release.
Should Aeropostale, Lululemon and Shutterfly worry about about making 24/7 Wall St.’s 10 Brands That Will Disappear in 2015 list? A look at past lists shows some pretty mixed results.
Building on Vitacost.com’s technology and fulfillment platform and linking it to Kroger’s existing digital capabilities will accelerate Kroger’s omnichannel strategy.
The purchase of Aspen builds on Plainfield, IN-based IDS’s strategy in e-fulfillment to serve 90% of the US with 2-day ground service, a critical component in the rapidly expanding ecommerce market.
by Niko Lutkins
Posted 10 hours ago
by Liat Fuchs
Posted 1 day ago