Divestitures

Articles on divestitures and sell offs in the retail industry.

  1. Shopper & Customer

A Familiar Story: Hedge Funds Win While Consumers and Food Retailers Suffer

  In what is shaping up to be yet another chapter in the long history of private equity reshaping American retail, Walgreens Boots Alliance deal with Sycamore Partners is not going to benefit consumers of the legacy brand according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. The potential buyout, which could […]
4 min read
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  1. Channel: Grocery

Kroger Announces Resignation of CEO Rodney McMullen

The Kroger Co. (NYSE: KR) today announced that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics.
5 min read
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  1. Corporate Finance

Campbell’s Completes Sale of noosa Business to Lakeview Farms

CAMDEN, N.J.–(BUSINESS WIRE)–The Campbell’s Company (NASDAQ:CPB) (Campbell’s) today announced it has completed the sale of the noosa yoghurt business to Lakeview Farms, LLC, a manufacturer of fresh dips, desserts and specialty products. Terms of the transaction were not disclosed. Lakeview Farms and noosa will combine and now be known as Novus Foods. As stated when […]
< 1 min read
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  1. Channel: Grocery

Aldi’s Biggest U.S. Expansion Yet: Opening 225+ Stores in 2025

Aldi plans to open more than 225 new stores this year as part of the next phase of its five-year national growth strategy. The raft of openings will mark the largest number of stores that Aldi has opened in a single year in its nearly 50 years of operating in the U.S. The new stores will […]
2 min read
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  1. International

Walmart Canada Announces Landmark $6.5 Billion Investment in Store Growth

Walmart Canada has announced plans to invest $6.5 billion CAD (approximately $4.5 billion USD) over the next five years as it further accelerates growth in the country, with plans to open dozens of new stores. At the same time, Walmart Canada also announced that it was also selling its fleet business to Canada Cartage. The announcements come […]
2 min read
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  1. Trends & External Forces

P&G Announces Fiscal Year 2025 Second Quarter Results

CINCINNATI–(BUSINESS WIRE)–The Procter & Gamble Company (NYSE:PG) reported second quarter fiscal year 2025 net sales of $21.9 billion, an increase of two percent versus the prior year. Organic sales, which excludes the impacts of foreign exchange and acquisitions and divestitures, increased three percent versus the prior year. Diluted net earnings per share were $1.88, an […]
< 1 min read
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  1. Channel: Grocery

Albertsons Sues Kroger After Judge Rules Against Grocery Merger

Albertsons on Wednesday formally terminated its proposed $25 billion merger with Kroger and filed a lawsuit against its supermarket competitor, saying Kroger violated its contract and didn’t follow through on commitments to help get the deal approved. It comes a day after a judge blocked the planned merger. In a news release, Albertsons said Kroger broke […]
< 1 min read
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  1. Retail Ecosystem

ThredUp Exits Europe with Sale of Remix Business

U.S.-based online resale platform ThredUp has divested its European business, Remix, in a management buyout led by Florin Filote, the General Manager of Remix. When ThredUp acquired Remix in July 2021, it believed the move would be a growth driver for its business, but under continued financial pressure the company announced in August 2024 that […]
2 min read
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  1. Acquisitions, Divestitures & Mergers

Adtech Competition Heats Up With A Potential Divestment, A New Offering, And An Acquisition

It’s been a busy news week on the advertising technology (adtech) front. The US Department of Justice (DOJ) announced that it is requesting Google to divest of the Chrome browser as the outcome of the monopoly trial that the search giant lost earlier this year. This news nearly drowned out other adtech moves from some […]
< 1 min read
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  1. Trends & External Forces

DOJ tells Google to sell Chrome

Welcome back to Week in Review. This week, we’re exploring the DOJ telling Google to sell off Chrome to break up its monopoly, OpenAI accidentally deleting potential evidence in The New York Times’ copyright lawsuit against it, and how AI companies are using TikTok brainrot for study tools. Let’s do this. The U.S. Department of […]
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  1. Media & Marketing

The Weekly Closeout: Target extends store hours for the holidays, Nuuly launches ‘The Thrift Shop’

It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.
5 min read
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  1. Channel: Restaurants

The Rise and Struggle of Multi-Concept Restaurant Companies: Why Acquired Brands Often Fade Away

  In the food service industry, multi-concept restaurant companies emerged as powerhouses, driven by the logic that consolidating a variety of restaurant brands would create synergies, economies of scale, and a broader customer reach. Now think about it, the idea seemed sound: by acquiring or developing multiple restaurant concepts under one roof, these companies could […]
6 min read
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  1. Channel: Ecommerce & Digital

Amazon’s Patience with Grocery Sales Growth Shows How Early Missteps are Hard to Overcome and Why a Grocery Spin Off Might be Coming

  Amazon’s attempt to break into the grocery sector, the company’s prolonged experimentation with various grocery models reveals a hard truth: early missteps in a highly competitive industry can be challenging to overcome, even for a corporate giant according to Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®. Today, Amazon’s food sector remains […]
9 min read
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  1. Trends & External Forces

Aldi’s Growing Food Industry Influence

  Aldi’s Fan Favorites list has become a vital barometer for both the grocery industry and consumer trends. Why? Because the selections reflect emerging shopper preferences, and Aldi’s ability to act quickly on consumer feedback is a blueprint for others. Aldi fans voted to bring back Huntington Home Swedish Dish Cloths, but more importantly, this […]
3 min read
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  1. Data & Insights

Spending Shrinks, Impulse Buys Soar

As we step into the final months of 2024, consumer trends are taking a spooky twist—Halloween spending is set to see a slight decline after years of steady growth, and short-form video platforms like TikTok are fueling impulse buying at unprecedented rates. In this edition of our newsletter, we’ll dive into the National Retail Federation’s […]
4 min read
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  1. Acquisitions, Divestitures & Mergers

Tempur Sealy Agrees to Sell 176 Stores in Pursuit of Mattress Firm Acquisition

Tempur Sealy International will sell 73 Mattress Firm stores and its 103-store Sleep Outfitters subsidiary to Mattress Warehouse following the completion of Tempur Sealy’s proposed $4 billion acquisition of Mattress Firm, which is being challenged by the Federal Trade Commission (FTC). The planned divestiture is a pre-emptive move to make the deal more palatable to […]
2 min read
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  1. Trends & External Forces

Tempur Sealy agrees to divest 175 stores as FTC case looms

​[[{“value”:” Dive Brief The mattress maker plans to sell its Sleep Outfitters subsidiary plus 73 of Mattress Firm’s 2,300 or so locations to Mattress Warehouse. Published Sept. 23, 2024 The FTC in July moved to block Tempur Sealy’s proposed takeover of Mattress Firm. Hearings are expected to begin Nov. 12. Daphne Howland/Retail Dive “}]] 
< 1 min read
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  1. Channel: Grocery

What Happens to Safeway When the Merger with Albertsons Fails?

Hello, fellow food enthusiasts and industry insiders! It’s Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions® here, ready to dive deep into the grocery landscape and explore what might happen if the much-anticipated Safeway-Albertsons merger doesn’t go through. Success does leave clues. So, buckle up for a fact-filled ride as we examine the […]
4 min read
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  1. Acquisitions, Divestitures & Mergers

Kroger lists stores it will divest for merger deal

CINCINNATI—Kroger Co. has identified the 579 stores and other assets it will divest if its planned $24.6 billion merger with Albertsons Cos. goes through. The 579 stores owned by both retailers are located in 18 states and Washington D.C., and include 124 locations in Washington state, 101 in Arizona, 91 in Colorado, and 63 in […]
< 1 min read
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  1. Trends & External Forces

FTC blocks Tempur Sealy’s proposed $4B takeover of Mattress Firm

​[[{“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: The Federal Trade Commission on Tuesday voted unanimously to block Tempur Sealy International’s takeover of Mattress Firm. About a year ago Tempur Sealy agreed to acquire the retailer for $4 billion. The merger of Tempur Sealy’s manufacturing and supply chain […]
2 min read
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  1. Channel: Drug
  2. Department: HBC
  3. Acquisitions, Divestitures & Mergers
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  5. Corporate Finance
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  13. Stores & Formats

Walgreens Agrees to $10B Sycamore Partners Acquisition

Walgreens Boots Alliance (WBA) has finalized a deal with private equity firm Sycamore Partners to take the company private after being in the stock market for nearly 100 years. Sycamore will pay $11.45 per share in cash for the Walgreens business, according to a company announcement. Shareholders can receive up to $3 more per share […]
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  1. Channel: Grocery
  2. Department & Category
  3. Department: Food
  4. Department: HBC
  5. Acquisitions, Divestitures & Mergers
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  8. ESG
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  10. Media & Marketing
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  12. Data & Insights
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  14. Trends & External Forces
  15. Associates & Employees
  16. Operations & Supply Chain
  17. Owned Brands (Private Label)
  18. Stores & Formats

Kroger Announces Resignation of CEO Rodney McMullen

The Kroger Co. (NYSE: KR) today announced that Chairman and Chief Executive Officer Rodney McMullen has resigned from the Company following a Board investigation of his personal conduct that, while unrelated to the business, was inconsistent with Kroger's Policy on Business Ethics.
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  1. Data & Insights
  2. Partnerships & Alt Profit
  3. Media & Marketing
  4. Data & Insights
  5. Shopper & Customer

Valentine’s Day flower sales could shift to FTD, other brands in 2025

1-800-Flowers still leads in US, FTD is gaining share 1-800-Flowers is the largest flower service by sales headed into Valentine’s Day 2025, according to Earnest credit card data. However, the industry stalwart is likely to lose share this season if recent trends continue. Access chart in Dash. 1-800-Flowers commanded 37.0% of Valentine’s Day flower sales […]
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