-
Coach Acquires Luxury Designer Footwear Brand Stuart Weitzman For More Than $500 Million
Tuesday, January 6, 2015 - 10:30am | 220Read More...Coach Inc (NYSE: COH) on Tuesday announced that it has acquired Stuart Weitzman Holdings LLC, a leading designer and manufacturer of women's luxury footwear, from private equity firm Sycamore Partners. According to a Coach press release, the acquisition is intended to complement the company's...
-
L Brands October Sales Increase 3%
Thursday, November 6, 2014 - 9:27am | 204Read More...L Brands Inc (NYSE: LB) reported net sales on Thursday of $700.0 million for the four weeks ended November 1, 2014, an increase of 3 percent, compared to net sales of $680.5 million for the four weeks ended November 2, 2013. Comparable store sales increased 3 percent for the four weeks ended...
-
3 Takeover Targets In The Retail Sector
Wednesday, September 3, 2014 - 12:25pm | 744Read More...In the IntraLinks Deal Flow Indicator Q2 report, IntraLinks VP of strategy & product marketing, Matt Porzio said one of the sectors showing strong levels of early-state M&A activity was consumer, which includes retail. According to Porzio, "Consumer deals … are expected...
-
Ukraine Tension Prominent As Dow Suffers Triple Digit Loss; S&P 500 & NASDAQ Also Lower
Tuesday, August 5, 2014 - 4:46pm | 3092Read More...U.S. stocks declined and erased Monday's gains following reports that Russian troops were lining on the borders of Ukraine and preparing for an invasion, according to comments made by Poland's Foreign Minister. “Unfortunately, Russia has restored its combat readiness on the...
-
Jim Cramer Names Some Of His Retail Picks
Saturday, July 19, 2014 - 3:29pm | 794Read More...CNBC's Jim Cramer noted this week that it's difficult to find genuine value stocks in a market that's nearing all-time highs. He then dove into the retailers that would shine in leveraged buyouts in a sector that has a number of “awful” performers. He asked Mad Money...
-
Fred's Inc. Shares Up 9% On Reported Private Equity Talks
Thursday, July 17, 2014 - 2:03pm | 115Read More...Fred's Inc. (NASDAQ: FRED) shares jumped more than 9 percent Thursday on a Reuters report that the company in talks to be acquired by a private equity firm. The company, which operates about 700 discount stores in the Southeast, hired Bank of America and Peter J. Solomon Co. in January to review...
-
How To Acquire A Company Stealthily: Sycamore Sneaks Up On Express
Monday, June 16, 2014 - 11:48am | 681Read More...Shares of Express (NYSE: EXPR) traded up as much as 23.62 percent on news of the Sycamore stake and potential acquisition on Friday. Analysts were eager to comment on the news and possibilities for the retailer. Express Confirms Potential Acquisition by Shareholder In a 13-D filing on June 12...
-
Market Wrap For May 27: S&P 500 Closes At New Record High After Holiday Weekend
Tuesday, May 27, 2014 - 4:48pm | 1979Read More...U.S. stocks rose on a light volume trading session following a three day weekend. Regardless, the S&P 500 index hit a new intraday all time high of 1,912.28. Tuesday's trading session saw the release of mostly positive economic data including durable goods and the S&P/Case-Shiller...
-
Shares Of Aeropostale Up 12% Following Closing Of Sycamore Partners Transaction
Tuesday, May 27, 2014 - 10:20am | 254Read More...In a press release on Tuesday, Aeropostale (NYSE: ARO) announced that it has entered “definitive agreements” with affiliates of Sycamore Partners, including a $150 million senior secured credit facilities. The initial release of the partnership was announced on March 13 describing the contents...
-
Sycamore Continues Talks to Acquire Jones Group
Monday, November 25, 2013 - 4:50pm | 231Read More...Sycamore Partners LLC is in advanced talks to acquire The Jones Group Inc. (NYSE: JNY) in the next couple weeks, according to Reuters. KKR & Co LP, a private equity firm, previously partnered with Sycamore to bid for the entity of Jones Group. In September the tentative bid was dropped....
-
Aeropostale an Attractive Takeover Target, Says Bloomberg
Monday, March 18, 2013 - 3:55pm | 563Read More...Shares of struggling retailer Aeropostale (NYSE: ARO) are moving higher on Monday after Bloomberg reported that the company is a takeover target for private equity firms. At last check the stock was trading up nearly four percent to $14.27. Over the last year, the stock has fallen more than 30...
-
Hot Topic Red Hot on Acquisition by Sycamore Partners
Thursday, March 7, 2013 - 11:58am | 373Read More...Hot Topic (NASDAQ: HOTT) announced Thursday that it will be acquired by New York-based private equity firm Sycamore Partners. Under the deal, Sycamore will purchase the apparel chain for $14 per share. The purchase will total around $600 million. The transaction, which has been unanimously...
-
Jefferies Comments on The Talbots Acquisition by Sycamore Partners
Thursday, May 31, 2012 - 8:57am | 156Read More...Jefferies & Company has published a research report on The Talbots (NYSE: TLB) after the announcement that the company would be acquired by Sycamore Partners for $2.75/share. In the report, Jefferies writes, "This news had been anticipated for a long time now and we are relieved that TLB...
-
Oppenheimer: Talbots Board Not Likely to Accept Sycamore Partners' $3/share Offer
Wednesday, December 7, 2011 - 1:39pm | 155Read More...Oppenheimer has published a research report on Talbots (NYSE: TLB) after the company was offered an unsolicited $3/share buyout offer from private equity firm Sycamore Partners. In the report, Oppenheimer writes, "Sycamore first disclosed a 9.9% stake in August. Since then, the stock price has...
-
Talbots Prepares to Fend Off Private Equity Takeover
Tuesday, August 2, 2011 - 8:58am | 176Read More...Beleaguered retailer Talbots (NYSE: TLB) has adopted a so-called poison pill stockholder rights plan, following media reports that a private equity firm is considering buying the company. Under the new plan, if a single investor buys a stake of more than 10%, Talbots may issue shares at a discount...
