By Gary Symons TLL Editor in Chief Kirkland's, Inc. has announced a major new strategic partnership with Beyond, Inc.'s Bed Bath & Beyond brand. The deal is aimed at rejuvenating the iconic retailer through a neighborhood store strategy, and includes a major financial investment from Beyond. This collaboration will see Kirkland's Home locations serve as the … [Read more...] about Bed Bath & Beyond Signs Second Strategic Partnership in a Week
Mergers & Acquisitions
Authentic Brands Group and Saks Global Announce Joint Luxury Venture
By Allison Watkinson TLL Reporter Authentic Brands Group and Saks Global are expanding their partnership with a new joint business venture called Authentic Luxury Group (ALG). The new joint venture will leverage the combined capabilities of Authentic's licensing expertise and Saks Global's e-commerce and retail presence to further expand Authentic’s portfolio of luxury brands. … [Read more...] about Authentic Brands Group and Saks Global Announce Joint Luxury Venture
Authentic Acquires Champion in Estimated $1.2 Billion Deal
By Gary Symons TLL Editor in Chief Authentic Brands Group has completed its second-largest acquisition, buying out the sportswear giant Champion from HanesBrands. ABG announced this week it has finalized the deal to acquire Champion, which generates close to $3 billion in annual revenue. Champion is a long-time leader in the sportswear segment, and is credited with … [Read more...] about Authentic Acquires Champion in Estimated $1.2 Billion Deal
Update: Bronfman Drops Paramount Bid, Leaving Path Clear for Skydance
By Gary Symons TLL Editor in Chief Media tycoon Edgar Bronfman Jr. has dropped his $6 billion bid to acquire Paramount Global, as Skydance Media prepares to close on its own offer. Bronfman had submitted a bid to acquire the global entertainment conglomerate with a consortium of investors. His submission came after Skydance had already come to a tentative agreement with the … [Read more...] about Update: Bronfman Drops Paramount Bid, Leaving Path Clear for Skydance
Must Read: Mars Acquires Kellogg’s Snack Division Kellanova
$35 Billion Acquisition Changes the Global Landscape for Snacks and Confectionery By Gary Symons TLL Editor in Chief Mars and Kellanova have entered a definitive merger agreement that will combine two of the world's largest snack producers. Mars, a family-owned leader in snacking, food and pet care, has agreed to acquire Kellanova for $83.50 per share, for a total … [Read more...] about Must Read: Mars Acquires Kellogg’s Snack Division Kellanova
Perry Ellis Secures 8.3 Million Following Breach of Contract by ULC
By Allison Watkinson TLL Reporter Perry Ellis has received 8.3 million USD in damages from United Legwear Company for legal problems related to their 2020 Pro Player sales agreement. The trial centered on the fair market value of the Pro Player athletic brand which Perry Ellis International had sold to ULC IP Holdings in 2020. Perry Ellis began pursuing legal action against ULC … [Read more...] about Perry Ellis Secures 8.3 Million Following Breach of Contract by ULC
Krispy Kreme Sells Majority Ownership Stake of Insomnia Cookies
By Allison Watkinson TLL Reporter Krispy Kreme has announced the sale of a majority ownership stake of Insomnia Cookies to Verlinvest and Mistral Equity Partners. Founded by Seth Berkowitz in 2003, Insomnia Cookies is a late-night bakery brand that offers a range of cookies, ice cream and other sweet treats for in-store purchase, local delivery and nationwide shipping. … [Read more...] about Krispy Kreme Sells Majority Ownership Stake of Insomnia Cookies
$8 Billion Skydance Merger To Create ‘New Paramount’
By Gary Symons TLL Editor in Chief A seismic shift in the American entertainment scene happened today as Paramount Global has accepted a merger offer from Skydance Media. The two companies have entered into a definitive agreement to form a new company called 'New Paramount', which the parties say will be a "next-generation media and technology leader." The deal is … [Read more...] about $8 Billion Skydance Merger To Create ‘New Paramount’
The Knot Worldwide Welcomes Simply Eloped Into Its Portfolio of Brands
By TLL Staff The Knot Worldwide has announced the acquisition of Simply Eloped, an online platform specializing in elopements and micro-weddings in the United States. Per the terms of the agreement, Simply Eloped has joined The Knot Worldwide's portfolio of brands, alongside many of its employees and its founder. Simply Eloped will continue to function as an independent brand … [Read more...] about The Knot Worldwide Welcomes Simply Eloped Into Its Portfolio of Brands
HanesBrands Signs Agreement to Sell Champion Business to ABG
By Allison Watkinson TLL Reporter Authentic Brands Group (ABG) has entered into a definitive agreement with HanesBrands to acquire the IP and operating assets for Champion athletic apparel. Initially created in 1919, the Champion brand focuses on creating and distributing high-quality athletic and lifestyle apparel. The brand currently operates in more than 90 countries across … [Read more...] about HanesBrands Signs Agreement to Sell Champion Business to ABG