August 9, 2023
CAMPING WORLD will acquire RV Arizona Consignment Specialists in El Mirage, AZ. The transaction established a platform and plan for a nationwide rollout of consignment-exclusive locations and integration into the Companys existing dealership locations with consignment sales. ... Read more
August 2, 2023
AMAZON and iROBOT agreed to amend the existing terms of their merger agreement to reflect a change to the price per share. Under the amended terms, Amazon will pay $51.75 per share, down from $61 per share previously. At the same time, iRobot entered into a $200 mi ... Read more
July 26, 2023
LIDL U.S. CEO Michal Lagunionek will step down in four weeks from the role that he has held since April 2021. Joel Rapoldt, partner and managing director at consulting firm AlixPartners, will replace Lagunionek, making him the fourth person to assume the top role si ... Read more
July 19, 2023
In the DAVIDS BRIDAL, DIP case, reports indicate the Court approved the going concern sale of the Davids Bridal business to Cion Investment Corporation, avoiding a liquidation. This follows our initial reporting that Cion was selected as the successful winner at an aucti ... Read more
July 12, 2023
Lidl will be closing five stores in four states, in each instance citing underperformance as the reason the locations are being shuttered. Stores in Short Pump and Charlottesville, VA, North Augusta, SC; Howell, NJ; and Thomasville, NC are all expected to close on or about July 16 ... Read more
July 5, 2023
Cardenas Markets, LLC has acquired El Rancho Supermercado, a Texas-based grocery chain with 28 locations; details were not disclosed. Cardenas plans to continue to operate the stores under the El Rancho banner, which joins its existing Cardenas (57 stores), Tonys Fresh Market (21), ... Read more
June 28, 2023
Deteriorating operations have forced Neiman Marcus to evaluate either a sale of its Bergdorf Goodman stores in New York City or possibly a disposition of the whole company, according to sources, who indicated that top executives plan to meet with prospective buyers for Bergdorf in ... Read more
June 21, 2023
Home Depot was notified that TRC Capital Investment Corporation made an unsolicited “mini-tender” offer to purchase up to 500,000 shares (less than 5% of total shares) of Home Depot’s common stock, at an offer price of $280 per share. This price is 4.5% lower tha ... Read more
June 14, 2023
Wegmans plans to close its Natick Mall store in Natick, MA this summer due to underperformance. The 134,000 square-foot supermarket opened in 2018 and is one of the largest operated by the chain. The location previously included a Mexican restaurant called Blue Dalia Restaurant an ... Read more
June 7, 2023
At a recent investor conference, Yum Brands CEO David Gibbs outlined the Company’s growth potential, saying it has the possibility to add “another 100,000” units, on top of the 55,000 stores the Company currently operates. Gibbs stated, “Five years from now, ... Read more
