The Liquidation of Coldwater Creek Begins
A joint venture of Gordon Brothers Group and Hilco Merchant Resources began Coldwater Creek’s closing sales on May 8. The women’s apparel seller filed for Chapter 11 bankruptcy protection on April 11.
M&A and Financial
Why Office Depot Will Close 400+ Stores
Office Depot chairman and CEO Roland Smith said a staged approach to store closures allows Office Depot to minimize risk and adapt its learnings to future groups of store closings.
Vitamin Shoppe Ecommerce Revenues Up 17%
Vitamin Shoppe’s total net sales in the first quarter increased 10.3% to $307.8 million compared to $279.1 million in the same period of the prior year.
Sycamore Partners Establishes Stuart Weitzman As Standalone Company
Stuart Weitzman previously operated as a division of The Jones Group, which was acquired by Sycamore Partners on April 8.
DSW Inc. Acquires Interest in Town Shoes of Canada
DSW Inc. will purchase for cash approximately 44% interest in Town Shoes, the largest footwear and accessories retailer in Canada, for CAD $68 million.
Coldwater Creek Files Chapter 11, Plans to Liquidate
Women’s apparel seller Coldwater Creek filed for Chapter 11 bankruptcy protection on April 11, and plans to liquidate in May.
IBM To Acquire Silverpop
IBM has announced a definitive agreement to acquire cloud-based personalization software provider Silverpop. Financial terms of the deal were not disclosed.
Sycamore Partners Completes Acquisition of The Jones Group
Sycamore Partners has completed its acquisition of The Jones Group Inc. The transaction is valued at approximately $2.2 billion.
Quad/Graphics to Acquire Brown Printing for $100 Million
The transaction is subject to customary regulatory clearances and is expected to close in the second half of 2014.
Neiman Marcus Merging Stores and Online
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.