1. Acquisitions, Divestitures & Mergers

Luxury furniture rental company Vesta acquires Fernish and Feather

Written by Posted on Less than 0 min read

​[[“value”:”

Dive Brief

The three companies will operate as separate brands under one banner, “Showroom,” which will continue to seek out additional acquisitions.

Published Nov. 13, 2023

A Feather living room featuring a couch, table and chair. The acquisition helps expand Vesta’s reach beyond the luxury market.

Feather

“]] 

View Original Article
Member since
Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover topics such as the future of brick-and-mortar, retail technology, e-commerce, marketing, payment technology, in-store operations, omnichannel shopper journey, and more. Retail Dive is a leading industry publication operated by Industry Dive. Our business journalists spark ideas and shape agendas for 7+ million decision makers in the most competitive industries. https://www.retaildive.com/
Do you like RetailDive's articles? Follow on social!

More from RetailDive

  1. Department: Consumer Durables

Macy’s quietly began selling Brooks Brothers sub-brand in August

​[[“value”:” Last month, Macy’s began selling a Brooks Brothers sub-brand dubbed “B by Brooks Brothers” online and in 45 stores, a Macy’s spokesperson said by email. The collection, which includes fashion and core suit separates, chino pants, a classic navy blazer, topcoats and dress shirts, is currently only at Macy’s, but is not exclusive to […]
2 min read
0
  1. Department: Consumer Durables

Goat Group agrees to buy streetwear marketplace Grailed

The sneaker resale site is chasing growth after evolving into a hub of secondhand and new fashion, including apparel and accessories. View Original Article Dept. Apparel Recommerce RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email […]
< 1 min read
0
  1. Shopper & Customer

The Weekly Closeout: Tupperware is now at Target and Hasbro’s $8.5B plan

Tupperware is on a journey to reach a younger demographic, and the toy brand announced an ambitious financial growth strategy. View Original Article Consumers Dept. Toys & Games Target Results & Investment Strategy RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news […]
< 1 min read
0
  1. Department: Nonfood

Wayfair’s revenue inches up 0.4% in Q4 as the home category remains challenged

The online home goods retailer called 2023 the “Year of the Reset” as it turned to layoffs, among other things, to cut costs. View Original Article Dept. Nonfood RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
  1. Corporate Strategy

Simon Property ownership in retailers could end in 5 to 10 years, CEO says

David Simon still sees growth potential in the retailers owned by the mall REIT, though that portfolio swung to a loss in Q1. View Original Article Executives Brick and Mortar RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping […]
< 1 min read
0
  1. Corporate Finance

New majority-stake owners of The Children’s Place come through with funds, shake up board

Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans, starting Thursday. View Original Article Results & Investment RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and […]
< 1 min read
0
  1. Associates & Employees

Funko lays off 12% of workforce

​ Dive Brief The staff cuts affect 180 employees and come as the company, known for its pop-culture-inspired figures and collectibles, reported sales fell 24% in Q2. Published Aug. 7, 2023 By Howard Ruben Funko Pop Vinyl figurine bobbleheads are displayed during 2019 Los Angeles Comic Con at Los Angeles Convention Center. The company anticipates the job […]
< 1 min read
0
  1. Stores & Formats

Every store is a flagship

Most stores have no vibe because retailers lost sight of what makes people get off the couch, according to WD Partners’ Lee Peterson. View Original Article Brick and Mortar Flagship Stores Partnerships RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and […]
< 1 min read
0
  1. Shopper & Customer

18 retailers at risk of bankruptcy as consumers tighten wallets in 2022

As demand wavers and capital gets harder to find, the number of companies at risk has soared from last year.  View Original Article Bankruptcy Consumers Results & Investment RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The […]
< 1 min read
0
  1. Department: Consumer Durables

Nike continues to be top brand for teens: report

​Teens are also feeling the weight of inflation, citing it as one of the top social causes on their minds, Piper Sandler found.  View Original Article Economy Dept. Apparel ESG and CSR RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends […]
< 1 min read
0
  1. Channel: Mass

Walmart, Angi partner on holiday light installation

​[[“value”:”Shoppers can purchase help from a professional Angi installer via QR codes in Walmart stores. “]]  View Original Article Partnerships Brick and Mortar Shoppers Holiday & Events Walmart RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily […]
< 1 min read
0
  1. Channel: Mass

Walmart Discovered launches on Roblox

​The retailer wants users to discover games, indie experiences and virtual items that are voted on by the community.  View Original Article Walmart Dept. Nonfood Dept. Toys & Games RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Shopper & Customer

Warby Parker lays off 15% of its corporate workforce, citing changing consumer behavior

The DTC eyewear brand said it’s restructuring in order to be in the best position long term, but that store and customer experience jobs aren’t affected. View Original Article Consumers Shoppers Customer Experience Warby Parker Associates RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most […]
< 1 min read
0
  1. Corporate Strategy

Crocs tops $1B in Q3 revenue, but Heydude continues to drag

​[[“value”:”Executives warned the holiday quarter could be rough for its DTC brand, with sales down as much as 25%, but said they still believe in its potential.”]]  View Original Article Executives Holiday & Events RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful […]
< 1 min read
0
  1. Corporate Finance

Revlon will wipe out $2.7B in debt as it exits bankruptcy later this month

The cosmetics giant will leave Chapter 11 as a private company in coming weeks, with $285 million in fresh liquidity and $1.5 billion in debt. View Original Article Bankruptcy Dept. Fresh RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. […]
< 1 min read
0
  1. Trends & External Forces

The Backroom: Doug Stephens’ retail predictions for 2024

​[[“value”:” Podcast The retail and branding expert discusses the state of the consumer, the habits companies should leave behind in 2023 and what lies ahead in the new year. Published Dec. 28, 2023 By Retail Dive Staff Kendall Davis/Retail Dive “]]  View Original Article Associates Consumers Marketing: Brand Packaging Podcasts Predictions and Forecasts Trends: Retail […]
< 1 min read
0
  1. Stores & Formats

Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic

The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate. View Original Article Brick and Mortar Executives Results & Investment RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most […]
< 1 min read
0
  1. Stores & Formats

Touting off-mall success, Macy’s mulls acceleration of small-store strategy

CEO Jeff Gennette also said the retailer has closed its most unprofitable mall stores and that 99% of its mall base is now profitable. View Original Article Strategy Brick and Mortar Executives RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon audit reveals wage, benefit issues at 40% of potential suppliers

The e-commerce giant said it has dedicated teams working with vendors on long-term corrective action plans. View Original Article Vendors Amazon RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily email newsletter, website, and app cover […]
< 1 min read
0
  1. Channel: Convenience

Wawa and 7-Eleven recently split their president and CEO roles. Here’s why that’s significant.

The move is becoming increasingly common among large, complex companies and those growing rapidly, according to an expert on corporate leadership. View Original Article 7-Eleven & Speedway WaWa Executives RetailDive Member since November 25, 2020 Loading + Follow Following Retail Dive provides in-depth journalism and insight into the most impactful news and trends shaping retail. The daily […]
< 1 min read
0
Next