The German start-up said the acquisition is part of its mission to offer shoppers a single place to purchase goods from “across the entire web universe.”
The seven month-old San Francisco-based company, which is backed by Boston growth equity firm Summit Partners, has acquired a majority stake in Quay Australia.
The investment company is valuing the retailer at 134 million Australian dollars or $102 million at current exchange.
An acquisition of Macy’s would give the Hudson’s Bay Co. real estate — and another omnichannel platform.
The investment is meant to drive international retail expansion and strengthen the brand’s e-commerce channel.
Moody’s said activism tends to be credit negative for the company being targeted.
As per the agreement, starting in 2018, Marcolin will design and manufacture eyewear for the Céline and Louis Vuitton brands, with the goal of “becoming, in the future, the preferred partner” of the LVMH group in the eyewear business.
On the acquisitions front, Coach is looking for great brands where it is confident there’s room for growth.
The business will continue as a stand-alone operation under the Steve Madden umbrella.
The price for WBA to acquire Rite Aid has been cut to a minimum of $6.50 per share and a maximum of $7.00 per share
Óticas Carol operates about 950 franchised stores in Brazil.
The family reacquired the brand it founded from the Camuto Group.
The owner of Valentino, Balmain and Pal Zileri recently renewed acquisition discussions, sources said.
Ashton Kutcher, Mila Kunis, Karlie Kloss, Hilary Duff and Shay Mitchell have also invested in the coconut oil-based brand.
The Colony Capital-owned investment vehicle, which partnered with Groupe Arnault to invest in Carrefour in 2007, has sold its 5.1 percent stake.