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Tag: acquire

Lululemon to acquire at-home fitness company Mirror for $500 million

Lululemon is acquiring the in-home fitness company Mirror for $500 million, the retailer announced Monday, marking its first acquisition — a bet that more people are going to be pivoting to exercise at their homes.  Lululemon shares were up almost 4% in after-hours trading.  Following the closing of the deal, Mirror will run as a standalone …

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PepsiCo to acquire Rockstar, expand presence in energy drink category

PepsiCo, Inc. announced that it has entered into an agreement to acquire Rockstar Energy Beverages, the popular energy drink maker, for US$ 3.85 billion. “As we work to be more consumer-centric and capitalize on rising demand in the functional beverage space, this highly strategic acquisition will enable us to leverage PepsiCo’s capabilities to both accelerate …

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Sycamore Partners to acquire control of Victoria’s Secret

Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor.  Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the …

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Simon Property Group to acquire Taubman Centers for $3.6B in cash

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Taubman Centers shares skyrocketed Monday after the mall owner agreed to be bought by larger rival Simon Property Group in a deal valued at $3.6 billion. The companies said Simon plans to acquire Taubman’s stock for …

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Google to acquire Irish retail tech start-up Pointy

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Josh Edelson | AFP | Getty Images Alphabet’s Google on Tuesday said it plans to acquire Pointy, an Irish retail start-up that helps traditional brick and mortar retailers list inventory online, for an …

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LVMH confirms deal to acquire Tiffany for $16 billion

A woman walks past a Tiffany & Co. store at a shopping mall in Beijing, November, 2018. Mark Schiefelbein | AP LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.2 billion, in a move that will give the company more access to U.S. luxury consumers. Confirming …

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LVMH reaches deal to acquire Tiffany for $16.3 billion

Pedestrians pass in front of a Tiffany & Co. store. Akos Stiller | Bloomberg | Getty Images Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter.  The boards of the luxury firms have been discussing a …

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