acquisition

Retail
Costco Acquires Innovel Solutions

Costco has completed the acquisition of Innovel Solutions, a leading provider of third-party end-to-end logistics solutions with nationwide capabilities.

Tabletop
Mepra Acquires Punto Soave

Mepra, an Italian flatware and food service manufacturer, has acquired Punto Soave, an Italian manufacturer of custom tableware goods. Together, the brands will offer custom solutions to the hospitality market, the companies said. The merged businesses will keep operating under separate names, but the two brands will go to market together.

Retail
Hudson’s Bay Completes Sale Of Lord & Taylor

Hudson’s Bay Company has completed the sale of Lord + Taylor to Le Tote, a leading fashion rental subscription service, for $75 million in cash and a secured promissory note for $25 million payable in cash after two years, subject to customary adjustments.

Retail
Hudson Group To Acquire Brookstone U.S. Airport Locations

Hudson Group has signed an agreement to acquire assets related to the operation of Brookstone stores in U.S. airports from Apex Digital. Hudson has also obtained the right to be the exclusive airport retailer to operate Brookstone stores through a license agreement with Bluestar Alliance, owner of the Brookstone brand and trademarks.

Retail
Ace Hardware Acquires Handyman Matters

Ace Hardware has completed the acquisition of Handyman Matters, a franchisor of home repair, maintenance, and improvement services based in Denver. Handyman Matters will become Ace Handyman Services and operate as a new stand-alone, subsidiary of Ace Hardware Corp.

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