Core Home has acquired UK-based gift and pet brands, W+W and Wild and Woofy, subsidiaries of design-led lifestyle conglomerate Wild+Wolf.
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.
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.
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.
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.
J.C. Penney said that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders, which is supported by the unsecured creditors committee.
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.
Regal Ware has finalized the acquisition of the Espro brand of premium coffee and tea presses and accessories. The Espro brand has become an integral part of Regal Ware’s line of kitchen products since the company became majority shareholder, according to Regal Ware.
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.
EcoVessel, a Boulder, CO-based manufacturer of reusable hydration products, has acquired U-Konserve, a food storage and reusable container company based in Sausalito, CA.
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.
Sycamore Partners is reportedly the leader in an auction for J.C. Penney— and if the bid is successful, the private equity firm will merge the department store retailer with Belk, according to published reports.
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.