acquisition

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.

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.

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