acquisition

Appliances
DeLonghi To Acquire Capital Brands

DeLonghi has reached a definitive agreement with affiliates of Centre Lane Partners to acquire Capital Brands Holdings, Inc., a leader in the personal blenders segment with the Nutribullet and Magic Bullet brands.

Retail
Walmart Signs Seiyu Deal With KKR, Rakuten

In a deal that reduces its role in the Japanese retail market, Walmart has signed a definitive agreement with investment firm KKR & Co. and Internet services provider Rakuten under which KKR will purchase a majority stake and a new Rakuten subsidiary will purchase a minority stake in Seiyu GK at $1.6 billion.

Retail
Home Depot To Acquire HD Supply Holdings

The Home Depot has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.

Retail
Bed Bath & Beyond Completes Sale Of Christmas Tree Shops

Bed Bath & Beyond has completed the sale of its Christmas Tree Shops retail banner, its institutional Linen Holdings business and a distribution center located in Florence, NJ. Total cash proceeds from the three separate sale agreements were approximately $250 million.

Retail
Food Lion’s Supermarket Acquisition Moves Forward

Ahold Delhaize said that Food Lion, its leading supermarket chain in the southeastern United States, has made a major step forward to expand its store network through previously announced plans to purchase 62 BI-LO/Harveys Supermarket stores from Southeastern Grocers.

Retail
Walmart Selling Asda Supermarket Business

Walmart is selling Asda, the company’s wholly owned U.K. business, for an enterprise value of £6.8 billion, on a debt-free and cash-free basis. The company is selling the chain to the Issa brothers, founders and co-CEOs of EG Group, a global convenience retailer, and investment funds managed by TDR Capital, a private equity firm.

Retail
Walmart, Oracle Get Tentative Approval For TikTok Deal

TikTok creator ByteDance has received tentative approval for an agreement with the U.S. government to resolve the outstanding issues about the involvement of China’s government in the original organization, which will allow Oracle and Walmart in partnership to acquire 20% of the newly formed TikTok Global business.

Retail
Marquee Brands Acquires Sur La Table

Confirming recent media reports, Marquee Brands LLC, a leading global brand owner, marketer and media company, has signed a definitive purchase agreement to acquire the Sur La Table brand and all related intellectual property.

Retail
Bed Bath & Beyond Completes Sale Of PMall

Bed Bath & Beyond has completed the sale of PersonalizationMall.com (PMall) to 1-800-Flowers.com, Inc. for $245 million, subject to certain customary post-closing adjustments. PMall will continue to provide product and personalization services to the company’s Bed Bath & Beyond and buybuy Baby retail concepts.

Appliances
Groupe SEB To Acquire Majority Stake In StoreBound

Groupe SEB has invested in StoreBound, which owns the Dash brand of kitchen electrics. The transaction is expected to be completed on July 31, 2020 and Groupe SEB will become the majority stakeholder in the company. StoreBound develops housewares focused on better living under brands including Dash, Sobro, Chef Geoffrey Zakarian and others. It was founded in 2010.

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