News Alert Arkhouse and Brigade Capital Raise Macy's Buyout Offer to US$6.9 Billion continue to read for free Global Cosmetics News https://lnkd.in/e7W7Grcy
Global Cosmetics News ’s Post
More Relevant Posts
-
A REAL ESTATE INVESTMENT FIRM IS PUTTING IN A BID TO BUY MACYS… WHICH INCLUDES BLOOMINGDALES AND BLUE MERCURY… CNN ARTICLE… originally reported by The WSJ. This almost NEVER bodes well for the RETAIL part of the business… as the article states, there are plenty of examples of retailers going out of business after a hedge fund or other “investor” bleeds out their assets… it’s usually just a matter of time. It usually starts with cuts to staffing and merchandise assortments and continues with the divestiture of real estate, and other valuable assets like intellectual property, various private label brands and then moves on to store closings. Loading the retailer up with insurmountable debt is usually also part of the plan. Let’s face it…The Department Store concept has been collapsing for years with Macys being one of the last holdouts. It’s real estate assets are probably worth many times more than the generous stock buyout price premium to shareholders. Macys has yet to comment on the offer. Mike Cortazzo President - Crossroads Retail Advisors Website - https://lnkd.in/gxqb8NG
To view or add a comment, sign in
-
M&M: Market Moments - Macy's being wooed with 33% higher buyout offer from $5.8bil to $6.6bil from $21 to $24 per share? (04.03.2024) The $24 offer is still much lower than the recent high of $35 at end of 2021 (M was our top stock pick in 2021 when the stock was just below $10). Regardless, Macy's stock rose 13% on this new offer to $20.46. Our last comments on this M&A deal was French proverb: L'argent ne fait pas le bonheur ("money is not everything or can't buy happiness") Especially when it comes to marriages/'business combinations' for such a historic brand like Macy's started in 1858, not too long after Tiffany & Co in 1837. Of course, Tiffanys was in luxury segment and was acquired by LVMH for $15.8bil. Would Amazon or LVMH join the fray to bid for this NYC iconic brand to $10bil? Afterall, LVMH did buy Sephora, a mass cosmetics retailer but at much lower prices. Fun fact: Did you know 'love-struck LVMH bided 5 times to get Tiffany's hand? Will Macy's accept this $6.6bil deal? Going by history and the meaning of M's brand equity, looks tough. Our next post will do an unconventional deep dive on this company. On the side news: Fisker EV today is reported running out of cash and may go bust...stock had fallen 73% YTD to less than $0.50 and flashback to high in 2021 was $25! ..... testimony that not all tech deals are great and not all EV firms can be like Tesla or BYD. (in fact up and coming VW BMW and Ford may give Tesla and BYD a run for its money soon... more on that next time) Gold rose to new ATH-all time high of $2100 above 2020 high of $2089 as the 5000 year old precious metal rockets higher on potential interest rate cut expectations, inflation hedge, central bank demand and geo-political concerns...high prices bring in more believers. "Digital gold" aka Bitcoin has a similar effect (no direct correlation to gold) rising to $67,000 exceeding high in 2021. Fun fact: Market cap of Gold is approximately $14tril while Bitcoin is $1.3til (real perspective needed as some think Bitcoin is bigger than gold or Nvidia, $2tril) Note - this post is not to promote any services nor stock investment but for educational intent only.
Bidders raise Macy's buyout offer to $6.6 billion | REUTERS
https://www.youtube.com/
To view or add a comment, sign in
-
Dynamic Retail & Financial Services Leader ☞ Proven Sales Visionary ★ Let's Shape the Future & Excel Together
Exciting News in Retail! Arkhouse Management and Brigade Capital Management are making a bold move to acquire Macy’s for $5.8 billion. This strategic bid, valuing Macy’s at $21 per share, reflects the company’s efforts to navigate challenges in the retail landscape. Stay tuned for developments as these power players set the stage for a potential transformation in the industry! #retailrevolution #businessnews #mergersandacquisitions
Macy's receives $5.8 billion buyout offer, sources say https://lnkd.in/ejHY23mc
Macy's receives $5.8 billion buyout offer, sources say
cnbc.com
To view or add a comment, sign in
-
Embark on a journey through the fragrance industry's terrain, where we decipher the intricate dance between prominent scents and niche fragrances in an era marked by industry mergers and acquisitions. Explore with us as we uncover the forces shaping the scent world's future. Niche brands have developed strong and authentic fragrances that stand apart in the crowd of so many launches. The main conglomerates in the market -LVMH, Puig, Estee Lauder, L’oriel, and Shiseido to name some. Luxury conglomerates find it much easier to buy a niche brand who have explored the market, crafting a unique fragrance as opposed to funding research and creating one themselves. Niche brands struggle hard to develop and more importantly, maintain and sustain a business that offers authenticity in a fragrance that they have crafted. Why do Brands sell out and Why do big brands buy? Niche smaller perfumers over some time unless funded find it hard to keep the brand, and its authenticity afloat. Big brands need to grow and show newer acquisitions, with brands that show the potential to offer unique compositions to the market. Niche brands, though idealized, face relentless challenges in business survival. The lure of growth tempts many, threatening the very authenticity that originally distinguished them, creating a profound existential dilemma and eventually becoming more commercial and mainstream. #fragranceindustry #majorvsniche #consolidation #acquisitions #bcpl
To view or add a comment, sign in
-
Private equity firm Consortium Brand Partners has acquired a 70% majority stake in fashion and lifestyle brand Draper James, founded by actor Reese Witherspoon, according to a press release shared with Retail Dive. The brand will maintain a “collaborative partnership” with CBP through Draper James’ management team, which includes CEO Erin Moennich CFO and COO Sarah Foley, and Head of Design Kathryn Sukey. Witherspoon will remain a partner and board member for the brand. While continuing to sell through its existing direct-to-consumer channels, Draper James plans to grow globally through premium department and specialty stores and expand its RSVP collection with Kohl's. This is also a fantastic time for organizations undertaking investment review to review their close, consolidate, and reporting cycle. Blog – How to streamline the Close Consolidate and Reporting Cycle - https://lnkd.in/gCgD3Bux #Merger #Divestiture #Minority #iinvestment #intercompany #consolidations #Investmentmnagement #ESG #scope1 #scope2 #scope3 #acquisitions #Close #consolidate #reporting #managementreporting #operationalreporting #integratedreporting #integratedplanning
Reese Witherspoon sells majority stake in Draper James
retaildive.com
To view or add a comment, sign in
-
West Region Leader, Technical Accounting | IPO Services | M&A | SPACs | VCs | Global Capital Markets at CohnReznick LLP
Cosmetics Chain Aims for $1.2 Billion IPO German cosmetics retailer Douglas Group, Inc. aims to raise almost $1.2 billion in what would be one of the largest initial public offerings so far this year, and another sign of a recovering European market. Douglas, which is backed by buyout giant CVC Capital Partners, launched the planned IPO Monday. It aims to list on the Frankfurt Stock Exchange later this month. Douglas plans to raise €1.1 billion, or about $1.2 billion, from the sale of new shares and an additional investment from existing investors. At this early stage in the year, Douglas would become the second-biggest IPO of 2024, after a $1.6 billion U.S. deal from Amer Sports, the Chinese-backed owner of the Arc'teryx, Salomon Wilson sporting brands, according to Dealogic. Please read the article by The Wall Street Journal for more details. #ipo #capitalmarkets #cosmetics #german #cvc #stockexchange #europe
Cosmetics Chain Aims for $1.2 Billion IPO
wsj.com
To view or add a comment, sign in
-
Retail is witnessing a notable uptick in M&A activity as a shift in consumer spending patterns has ignited a resurgence in high-end apparel deals. However, changing merger guidelines could redefine the game. KPMG US’s Deal Advisory partner, Frank Petraglia, provides insights on the emerging trends and challenges in the space. Check out Kimberly Chin’s Axios article for an in-depth look: https://lnkd.in/eyfRp2ax #mergersandacquisitions #retailtrends #privateequity
Retail M&A picks up speed, with apparel brands in the spotlight
axios.com
To view or add a comment, sign in
-
👞 L Catterton Acquires 36% Stake in TOD'S Group as Company Plans Delisting - L Catterton, the private equity firm backed by LVMH, is set to acquire a 36% stake in Tod's, an Italian luxury brand. - Tod's plans to delist its shares from the Milan stock exchange. - The Della Valle family, Tod's largest stakeholder, will retain 54% of the share capital, ensuring exclusive control over the company. - As part of the deal, L Catterton will purchase 11,913,128 shares of Tod's at €43 ($46.09) per share. - L Catterton will also gain representation on Tod's board of directors and certain governance and exit rights. - A 10% minority stake will be held by LVMH-owned subsidiary Delphine S.A.S. - This marks Tod's second attempt at delisting, with the previous buyout failing to reach the required 90% support threshold. - Tod's founder Diego Della Valle mentioned some shareholders believed the company's value was higher than the offered valuation during the initial attempt. - Tod's reported a 11.9% growth in group revenues, reaching €1.13bn for fiscal year 2023 in a recent financial update.
To view or add a comment, sign in
-
It is somewhat of a surprise that Tory Burch is exploring its options, potentially including an IPO. The company has always been a fairly insular when it comes to the markets. It has traditionally shunned being a public organization in favor of remaining privately funded by a tight-knit group of investors. In my view, an IPO would expose the company to a lot more public scrutiny and arguably more commercial pressure. This is not a way of working that Tory Burch is used to, so it would require some changes in terms of the way the company operates. It may also force the company to adopt more short term strategies to drive sales, which is something it has traditionally shunned in favor of trying to create long-term value. And all of that before the risk of securing a good share price is factored in. Great to chat with Vogue Business about the situation... https://lnkd.in/g49_PkZD #retail #retailnews #markets
What would an IPO mean for Tory Burch?
voguebusiness.com
To view or add a comment, sign in
-
Interesting to see the many retail acquisitions that Next has been making. 🛍 [Almost competing with Frasers Group! 😉] While the fashion and retail markets are set to remain challenging, I expect Next to snap up other brands into 2024. I'll be fascinated to see how well they can integrate them. #highstreetretail #fashionretail #ukhighstreet
What Next? What the retail giant has done with its acquisitions
https://www.retailgazette.co.uk
To view or add a comment, sign in
63,391 followers