FedEx Expands with the Acquisition of GENCO
FedEx announces acquisition of third-party logistics provider, GENCO, that will expand FedEx service offerings. See what this means for both companies.
Acquisition
PetSmart Acquires Pet360
PetSmart announced last week that it is planning to acquire ecommerce pet retailer Pet360. The transaction is expected to be complete this month.
Harry & David a Good Fit for 1-800-Flowers
Industry experts said they were in favor of 1-800-Flowers acquiring specialty gift retailer Harry & David. 1-800-Flowers acquired Harry & David for $142.5 million.
Fab.com Acquires One Nordic Furniture Company
Fab.com, a U.S.-based ecommerce retailer, announced it is acquiring One Nordic Furniture Company, which is based in Finland and Sweden, according to a press release.
Men’s Wearhouse To Acquire Jos. A. Bank for $1.8 Billion
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.
Larry Freed Steps Down as CEO of ForeSee
ForeSee announced that its president and CEO, Larry Freed has decided to step down from his position, according to a ForeSee blog post.
Men’s Wearhouse Makes a Cash Offer to Jos. A. Bank
Men’s Wearhouse believes its $57.50 per share proposal to acquire Jos. A. Bank is compelling, and provides substantial value and immediate liquidity to Jos. A. Bank shareholders.
Backcountry Acquires European Online Retailer Bergfreunde.de
Backcountry.com, an online outdoor retailer, has expanded its global reach with the acquisition of Bergfreunde.de, an ecommerce company that caters to outdoor enthusiast in Germany, Austria, and Switzerland.
Hudson’s Bay Completes Saks Acquistion
Hudson’s Bay Company announced the completion of its acquisition of Saks Inc. Hudson’s Bay Company acquired Saks Inc. at a value of $2.9 billion.
Neiman Marcus Sold for $6 Billion
Ares Management LLC and Canada Pension Plan Investment Board announced plans to acquire Neiman Marcus Group from a group of investors led by TPG and Warburg Pincus for $6 billion, according to a press release.