Wesfarmers Limited (ASX: WES) has entered into an agreement to acquire Homebase from Home Retail Group (LSE: HOME) for £340 million (A$705 million)¹. This follows the announcement on 14 January 2016 confirming that a conditional offer had been made to acquire Homebase. Homebase is the second largest home improvement and garden retailer in the United […]
FRAMINGHAM, Mass. & BOCA RATON, Fla. -Staples, Inc. (Nasdaq: SPLS) and Office Depot, Inc. (Nasdaq: ODP) today announced that they intend to contest the U.S. Federal Trade Commission’s decision to challenge the merger of the two companies. The companies were informed of the FTC’s decision earlier today. The proposed acquisition would benefit customers, employees and […]
Target Corporation (NYSE: TGT) today reported a successful start to its Black Friday weekend, with unprecedented results on Target.com and a strong turnout in stores on Thanksgiving Day. “Target got a head start going into Black Friday with the record-breaking launch of Adele’s new album and our ‘10 Days of Deals’ promotion. The momentum continued […]
San Diego (November 23, 2015) – Petco Animal Supplies, Inc. (“Petco” or “the Company”), a leading specialty retailer of premium pet food, supplies and services, announced today that funds affiliated with CVC Capital Partners (”CVC”) and Canada Pension Plan Investment Board (“CPPIB”) have entered into a definitive agreement to jointly acquire the Company from a […]
CINCINNATI & MILAN – Macy’s, Inc. (NYSE:M), one of the premier retailers in the United States, and Luxottica Group S.p.A. (MTA:LUX; NYSE:LUX), a leader in the design, manufacture and distribution of fashion, luxury and sports eyewear, today announced an agreement to bring the LensCrafters optical retail experience to as many as 500 Macy’s department stores […]
Target Corporation (NYSE: TGT) today revealed its promotional strategy for Black Friday. The retailer will introduce a new “10 Days of Deals” promotion, offering deep daily discounts on electronics, kitchenware, toys and more from Nov. 22 through Dec. 1. As part of the “10 Days of Deals,” guests will have access to a Black Friday […]
BENTONVILLE, Ark., In front of an audience of associates, suppliers and nonprofit organizations at its Global Sustainability Milestone Meeting, Walmart today announced the completion of commitments to reduce 20 million metric tons of greenhouse gas (GHG) emissions from its global supply chain, double fleet efficiency, and expanded an existing commitment to preserve wildlife habitat. The […]
SEATTLE-Nov. 18, 2015– (NASDAQ:AMZN)—Amazon.com today announced holiday deals start on Friday, November 20, with new deals added as often as every five minutes for eight straight days at www.amazon.com/blackfriday. Customers will have access to 10 coveted Deals of the Day starting at midnight on Thanksgiving, and up to 10 more on Black Friday. Customers can […]
FRAMINGHAM, Mass.- Staples, Inc. (Nasdaq: SPLS) announced today that the company’s Board of Directors has adopted a policy that limits severance benefits for senior executives. Based on the terms of the new policy, the company will not pay any severance benefits under any existing or future employment agreement or severance agreement with an executive officer […]
HANGZHOU, China – Alibaba Group Holding Limited (NYSE:BABA) (“Alibaba”) and Suning Commerce Group Limited (SSE:002024) (“Suning”) today announced that Alibaba will invest approximately RMB28.3 billion (US$4.63 billion) for a 19.99% stake in Suning, one of the largest consumer electronics retail chains in China. After the closing of the investment in Suning, Alibaba will be the […]
