Mergers

Articles on mergers in the retail industry.

  1. Technology & Innovation
Amazon has agreed to acquire robot manufacturer iRobot for approximately $1.7 billion. Best known for its automated Roomba vacuum, iRobot produces a full suite of intelligent robotic devices for cleaning, mapping and navigation. “Over many years, the iRobot team has proven its ability to reinvent how people clean with products that are incredibly practical and […]
  1. Trends & External Forces
by Kevin Coupe The “On Tech” newsletter written by Shira Ovide for the New York Times has a fascinating piece this week about how US regulators are suing to stop the acquisition of publisher Simon & Schuster by Penguin Random House, which would “shrink the number of large American publishers of mass-market books from five […]
  1. Channel: Ecommerce & Digital
Momentum Commerce today announced the launch of its Amazon Search Trends Tool. The free interface provides comprehensive views into what search terms are most associated with a certain brand’s products on Amazon, what search terms present the biggest potential opportunities for a brand, along with individual search term volume on Amazon over time. In this […]
  1. Channel: Ecommerce & Digital
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by […]
  1. Acquisitions, Divestitures & Mergers
Merging a company is hard to do. Yet it can be incredibly fulfilling and empowering for leaders and for employees. Mergers present both opportunity and anxiety. Possibilities are endless for leaders to transform both entities and use the new start to set a new direction with a performance culture. At the same time, change creates […]
  1. Acquisitions, Divestitures & Mergers
The Boston Globe  has an interview with Chris Bischoff, who helps lead health care investing at Cambridge-based venture capital firm General Catalyst, in which he suggests that Amazon’s planned acquisition of the One Medical health care system could prompt activity around other healthcare startups. “We’ve clearly seen these big tech companies come in … I’m […]
  1. Data & Insights
If you were one of the nearly 77 million people affected by last year’s T-Mobile breach, you may have a few bucks coming your way. The company has just announced the terms of a settlement in a consolidated class action lawsuit, and it isn’t cheap: $350 million to be split up by customers (and lawyers), […]
  1. Channel: Convenience
Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisition of rival C-store and gas station business Speedway. The cuts were of certain jobs in the company’s Irving, Texas, and Enon, Ohio, support centers, as well as field […]
  1. Department: Consumer Durables
Nike has entered a long-term, exclusive licensing partnership with Fanatics for the manufacture and sale of fan apparel and headwear, for a “select group” of Nike-sponsored colleges and universities starting in 2024. The new partnership continues commerce platform Fanatics’ rapid expansion into the manufacturing side of the sports gear world, following similar deals with the […]
  1. Channel: Delivery
Victoria’s Secret (VS&Co.) and Gopuff have become the latest retailers to make significant cuts to their workforce. VS&Co. is laying off about 5% of its home management staff, consisting of about 160 roles, as part of a wider reorganization effort that will unite the Victoria’s Secret, PINK and Beauty operations under one business structure. Gopuff […]
  1. Technology & Innovation
The downturn in tech valuations is leading to some significant M&A activity, and the latest development on that front looks like it is coming from the world of gaming. Unity, the massive games and other interactive content development platform, is planning to merge with Ironsource, an app monetization platform. The news is not yet official, […]
  1. Media & Marketing
Deal or no deal? Apparently, the deal is a no, if Elon Musk has his way about his planned $44 billion purchase of the social media platform Twitter. Musk said his advisers sent a letter on Friday (July 8) to Twitter formally notifying the company that he is ending the agreement. He’s basing the termination […]
  1. Media & Marketing
Tesla shares received an upwards bump in after-hours trading Friday as investors reacted positively to Elon Musk’s move to terminate his $44 billion deal to buy Twitter. Tesla shares rose 14.51% to close at $752.29 on Friday. The share price continued to edge higher after regular trading hours by as much as 3.39%, before settling […]
  1. Shopper & Customer
We got several reactions to the Scott Moses piece about why the Federal Trade Commission (FTC) needs to take a different approach of mergers and acquisitions in the grocery sector, in a way that reflects reality and allows smaller grocers to gain the benefits of scale in a way that in turn benefits consumers.  The […]
  1. Trends & External Forces
Content Guy’s Note:  Scott Moses, Managing Director and head of the Grocery, Pharmacy & Restaurants investment banking practice at Solomon Partners, last week posted on his company’s website an analysis of the Federal Trade Commission’s recent Merger Guidelines Listening Forum videoconference, designed to allow the FTC’s leadership to hear from members of the public about […]
  1. Corporate Finance
Enjoy Technology, a retail startup founded by former Apple and J.C. Penney exec Ron Johnson, filed for Chapter 11 bankruptcy protection on Thursday, mere months after it made its stock market debut. The company’s liquidity has dwindled while its business has suffered from staffing shortages. Enjoy, which operates mobile retail stores, went public in October […]
  1. Trends & External Forces
Op-ed: How Biden’s Competition Agenda Will Lower Prices, Raise Wages, and Help Small Businesses ASowah@doc.gov Mon, 06/27/2022 – 17:27 FOR IMMEDIATE RELEASE Publication Yahoo Finance Monday, June 27, 2022 Office of Public Affairs publicaffairs@doc.gov Gina Raimondo is the 40th U.S. Secretary of Commerce. Cecilia Rouse serves as the 30th Chair of the Council of Economic […]
  1. Department: Nonfood
The ODP Corporation has declined to split up its Office Depot and OfficeMax businesses or to pursue a sale, following a review of both public and private non-binding proposals. The retailer’s Board of Directors unanimously determined that divesting the consumer business is not in its best interest at this time, but did not rule out […]
  1. Acquisitions, Divestitures & Mergers
Virgin Group Acquisition Corp. II (VGII), a publicly traded special purpose acquisition company sponsored by Virgin Group, has closed its acquisition of Grove Collaborative and will change its name to Grove Collaborative Holdings. Grove Collaborative Holdings will take Grove Collaborative public on the New York Stock Exchange under the ticker symbol GROV, while Grove Collaborative […]
  1. Acquisitions, Divestitures & Mergers
Apollo Funds said yesterday that it plans to acquire 59-unit Hispanic grocery chain Cardenas Markets from investment firm KKR.  Terms of the deal were not disclosed. According to the announcement, “Upon completion of the transaction, Apollo Funds will combine Tony’s Fresh Market, a Chicago-based portfolio company, with Cardenas Markets, which operates across California, Nevada and […]
  1. Technology & Innovation
Also: Spindrift’s take on the “balsamic Coke” TikTok trend. Hello, communicators: Sparkling water brand Spindrift’s recent take on a TikTok trend was well-received by viewers, prompting more than 3,000 likes and garnering 54,000 views. @drinkspindrift As a sparkling water brand we felt obligated to taste test this combo. #balsamiccoke #balsamicseltzer ♬ original sound – spindrift […]
  1. Corporate Strategy
Fascinating piece in the New York Times by columnist David Gelles, based on his book “The Man Who Broke Capitalism,” which looks to re-evaluate the influence of Jack Welch, the influential former CEO of GE. Gelles writes: “During Mr. Welch’s two decades in power — from 1981 to 2001 — he turned G.E. into the […]
  1. Retail Operations
British retailer Asda is enhancing its end-to-end supply chain and retail operations by partnering with Blue Yonder to improve order management. Asda, which operates 640 stores including supercenters, superstores and supermarkets, also will work with Bringg to upgrade its fulfillment capabilities. These investments align with the company’s intentions to strengthen its omnichannel strategy and a […]
  1. Media & Marketing
Today in the connected economy, Google unveils a new digital wallet, as well as new security features for online purchases with the help of Visa. Also, Airbnb updates its website and search functions, while CarGurus rolls out a digital platform that connects car buyers and dealers. Google Unveils New Android Digital Wallet Google has unveiled […]
  1. Channel: Delivery
Gorillas is reportedly struggling to hit a £5 billion target valuation and has held informal talks with rival delivery firm Jokr over a possible merger, according to Business Insider. The… The post Gorillas struggling to hit $5bn valuation and has held informal talks with rival over merger appeared first on Latest Retail Technology News From […]

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Why Amazon, Attributes, and Label Claims Matter According to the Nutrition Business Journal’s Supplement Business Report, supplements showed staying power in 2021 even as shoppers returned to more traditional shopping behavior. The beginning of the pandemic spurred historic 14.5% growth in 2020, a rate that was destined to level off once the world moved away […]
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Walmart reportedly is laying off some corporate employees to “better position the company for a strong future,” according media reports. Walmart did not confirm the number of job cuts, but the layoffs will reportedly impact about 200 employees across the merchandising, global technology and real estate teams, people familiar with the matter told The Wall […]
  1. Trends & External Forces
  2. Trends & External Forces
  3. Associates & Employees
KEY POINTS Beyond Meat lowered its 2022 revenue forecast and announced it will trim its workforce by 4% The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company’s net sales also dropped 1.6% to $147 million and its net loss widened. Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, […]
  1. ESG
  2. ESG
  3. Trends & External Forces
Dive Brief: Ahold Delhaize announced on Wednesday it has named Jan Ernst de Groot as its first chief sustainability officer. In the newly created role, de Groot will head up Ahold Delhaize’s Environmental Social Governance (ESG) work. De Groot will also retain his role as chief legal officer for the grocery company. Ahold Delhaize noted that de Groot has a “track record of leading transformative sustainability programs at companies and supervisory […]

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