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M&A and FinancialApr 09, 2014 10:33 AM By Tim Parry
Sycamore Partners has completed its acquisition of The Jones Group Inc. The transaction is valued at approximately $2.2 billion.
M&A and FinancialApr 08, 2014 4:07 PM By Tim Parry
The transaction is subject to customary regulatory clearances and is expected to close in the second half of 2014.
M&A and FinancialApr 02, 2014 1:25 PM By Tim Parry
Neiman Marcus Group, Inc. announced a series of organizational changes Wednesday. The merchant will merge the merchandising and planning organization for Neiman Marcus Stores and Neiman Marcus Online into a single team operating under the Neiman Marcus brand.
M&A and FinancialMar 31, 2014 12:59 PM By Tim Parry
AlixPartners has been chosen to lead the integration of Jos. A. Bank into The Men’s Wearhouse.
M&A and FinancialMar 25, 2014 3:44 PM By MCM Staff
Spreadshirt’s increases can be attributed to platform developments, like the touch-optimized t-shirt designer, and other features which were part of a 2m Euro platform investment.
M&A and FinancialMar 20, 2014 4:38 PM By Erin Lynch
FedEx said this week that its third quarter earnings took a direct hit thanks, in most part, to severe weather during the holiday shopping season.
M&A and FinancialMar 14, 2014 11:24 AM By Tim Parry
But Destination XL’s overall sales were down for the fourth quarter. Total sales were $108.5 million compared with $114.9 million in the fourth quarter of fiscal 2012.
M&A and FinancialMar 11, 2014 12:28 PM By MCM Staff
Men’s Wearhouse and Jos. A. Bank announced that the merchants have entered into a definitive agreement in which Men’s Wearhouse will acquire all of the outstanding shares of common stock of Jos. A. Bank for $1.8 billion. Together, Men’s Wearhouse and Jos. A. Bank will have more than 1,700 stores in the U.S., with approximately 23,000 employees and sales of $3.5 billion on a pro forma basis.
M&A and FinancialMar 05, 2014 1:21 PM By Erin Lynch
Target has announced that Beth Jacob, chief information officer, is resigning from her position as part of an “overhaul” of the retailer’s information security and compliance structure. Jacob’s resignation is effective March 5.
M&A and FinancialMar 04, 2014 3:31 PM By Erin Lynch
RadioShack announced this week that it plans to close 1,100 under performing stores as well as huge losses in its fourth quarter earnings. According to its Q4 financials, the electronics retailer reported that net sales and operating revenues for the quarter decreased to $935.4 million from $1.17 billion in the same quarter last year
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