Daily Retail News Monitor – December 3, 2019

Global Retailing Top News
Americas
New Look Vision Group Inc Canada (Company Site) (Ticker – BCI) , Apparel/ Footwear/ Personal Goods Specialty , SmallCap
New Look Vision Group Inc. enters US optical retail with the acquisition of Edward Beiner in Florida – New Look Vision Group Inc, Canada’s largest optical company, announced that it has entered into a definitive agreement to acquire substantially all of the assets of Miami based Coco Lunette Holding, LLC which carries on business principally under the Edward Beiner banner. This transaction marks the first time a Canadian based retail optical company acquires an eyewear retailer in the United States, further cementing New Look Vision’s position as the leader in the eye care industry in Canada. Read more (Dec 2, 2019) Mergers and Acquisitions

Voortman Cookies Limited Canada (Company Site) , Food and Drug Stores
Hostess Brands, Inc. Enters into Agreement to Acquire Voortman, a Leading North American Wafer and Cookie Company – Hostess Brands, Inc. and Voortman Cookies Limited announced that they have executed an agreement under which Hostess will acquire Voortman, a leading and rapidly growing manufacturer of premium, branded wafers as well as sugar-free and specialty cookies, from Swander Pace Capital for approximately $320 million (C$425 million) in cash, including a customary working capital adjustment, representing a post-synergy 9.1x 1 EBITDA transaction multiple. The transaction has been unanimously approved by the Hostess board of directors. Hostess expects to close the transaction in early January 2020, subject to customary closing conditions. Read more (Dec 2, 2019) Mergers and Acquisitions


CVS Health Corporation United States (Company Site) (Ticker – CVS) , Food and Drug Stores , LargeCap
Centene and CVS Health Announce Agreement for CVS Health to Acquire IlliniCare Health – Centene Corporation and CVS Health announced that, in connection with the previously announced merger agreement between Centene and WellCare Health Plans, Inc., Centene has entered into a definitive agreement under which CVS Health will acquire Centene’s Illinois health plan subsidiary, IlliniCare Health Plan, Inc. The transaction entails the sale of Centene’s Medicaid and Medicare Advantage lines of business in Illinois. Read more (Dec 2, 2019) Mergers and Acquisitions


Asia
Caltex Australia Limited Australia (Company Site) , Other Specialty
Caltex Australia rejects Couche-Tard bid but offers books for better deal – Caltex Australia rejected a sweetened A$8.61 billion ($5.84 billion) takeover offer from Canada’s Alimentation Couche-Tard Inc but offered to give its suitor private information to formulate a higher bid. Caltex had revealed the A$34.50 per share proposal from Couche-Tard last week. It was the second offer from the Canadian convenience store operator in as many months after Caltex turned down its first A$32 per share approach. Read more (Dec 3, 2019) Mergers and Acquisitions


 

Global Retailing Other News
Americas
Walmart Argentina , Argentina (Company Site)
Argentina: Walmart seals alliance with Rapanui firm Read more (Dec 2, 2019)
Choices Markets , Canada (Company Site)
Choice Market’s Wickedly Smart Expansion Read more (Dec 2, 2019)
Roots Canada , Canada (Company Site)
Roots Names Retail Finance Executive, Mona Kennedy, as Chief Financial Officer Read more (Dec 2, 2019)
Salesfloor , Canada (Company Site)
Brown Thomas and Arnotts Empower Store Associates to Personalize Shopping Journeys In-Store and Online Read more (Dec 2, 2019)
The Tinley Beverage Co Inc , Canada (Company Site)
Tinley Adds Two Mass Retailers and Enters On-Premises and Home Delivery Channels Read more (Dec 2, 2019)
Mall ZOFRI , Chile (Company Site)
Chile: Mall Zofri announced full opening every Sunday in December Read more (Dec 2, 2019)
Comfama , Colombia (Company Site)
Colombia: This is the new acquisition of Comfama Read more (Dec 2, 2019)
Oxxo , Mexico (Company Site)
Mexico: Oxxo chain completes 80 points in Colombia Read more (Dec 2, 2019)
Amazon.com Inc , United States (Company Site)
Poland slams Amazon for Auschwitz Christmas ornaments Read more (Dec 2, 2019)
Amazon.com Inc , United States (Company Site)
Amazon Tests Cheap Warehouses to Make Cyber Monday Snafu-Free Read more (Dec 2, 2019)
Amazon.com Inc , United States (Company Site)
Amazon com : U.S. Cyber Monday sales to hit record $9.2 billion Read more (Dec 2, 2019)
Ascena Retail Group, Inc. , United States (Company Site)
ascena retail group, inc. Announces Fiscal 2020 First Quarter Financial Results Conference Call on Monday, December 9, 2019 Read more (Dec 3, 2019)
Best Buy Co., Inc , United States (Company Site)
Best Buy launches e-commerce pickup in 175 New York UPS, CVS locations Read more (Dec 2, 2019)
Big Y Foods, Inc. , United States (Company Site)
Big Y Opens 10th Big Y Express Read more (Dec 2, 2019)
Cliff’s Local Market , United States (Company Site)
Cliff’s Local Market Participates in Local Toy Drive Read more (Dec 2, 2019)
Cool Holdings Inc , United States (Company Site)
Cool Holdings Provides Corporate Update Read more (Dec 2, 2019)
CVS Health Corporation , United States (Company Site)
CVS Health Completes Rollout of Time Delay Safes in All of Its North Carolina Pharmacies Read more (Dec 2, 2019)
Domino’s Pizza, Inc , United States (Company Site)
Domino’s® Launches 50-Percent-Off Pizza Deal on Cyber Monday Read more (Dec 2, 2019)
Fanplayr, Inc. , United States (Company Site)
Fanplayr Opens Latin American Headquarters in Mexico Read more (Dec 2, 2019)
Frame La Brands LLC , United States (Company Site)
Framed for Expansion: Denim Brand Eyes More Stores Read more (Dec 3, 2019)
FSAstore.com , United States (Company Site)
FSAstore.com launches “Know Your Balance Challenge” encouraging millions of FSA users to use — not lose — their remaining FSA funds before the 12/31 deadline Read more (Dec 2, 2019)
Hudson Group , United States (Company Site)
Hudson Unveils Its Best Books of 2019, The Perfect Companions For Life’s Next Adventure Read more (Dec 3, 2019)
J.Crew Group, Inc. , United States (Company Site)
J.Crew Group, Inc. Releases Third Quarter Fiscal 2019 Results and Announces Transaction Support Agreement with Ad Hoc Group of Creditors Read more (Dec 2, 2019)
Krispy Kreme Doughnuts, Inc , United States (Company Site)
KRISPY KREME® Creates Tastiest Gifts of the Season: North Pole-Inspired Doughnuts and a Chocolate Glazed Wonderland Read more (Dec 2, 2019)
Lands’ End, Inc. , United States (Company Site)
Lands’ End Names David Witkewicz, Vice President and Head of Design Read more (Dec 3, 2019)
Lithia Motors, Inc , United States (Company Site)
Lithia Announces Pricing of Senior Notes Offering Read more (Dec 2, 2019)
Nike, Inc. , United States (Company Site)
Nike SB and Jordan Collaborate on Mismatched Sneakers Read more (Dec 3, 2019)
Reed’s, Inc. , United States (Company Site)
Reed’s Inc. Appoints Thomas J. Spisak as Chief Financial Officer Read more (Dec 2, 2019)
Rent the Runway , United States (Company Site)
Rent the Runway Adds Ski Apparel, Ath-leisure Read more (Dec 3, 2019)
Returnly , United States (Company Site)
Returnly announces instant exchanges for Shopify Plus Read more (Dec 2, 2019)
SmartGift , United States (Company Site)
SmartGift Launches Gift Discovery and Digital Delivery Site on Cyber Monday For Confident and Easy Holiday Shopping Read more (Dec 2, 2019)
Sonic , United States (Company Site)
SONIC Drive-In Sizes up with the Biggie Cheese Read more (Dec 2, 2019)
Stewart’s Shops , United States (Company Site)
Stewart’s Shops Announces Holiday Gift Giveaways Read more (Dec 2, 2019)
Stewart’s Shops , United States (Company Site)
Stewart’s Shops Helps Nonprofits Cut Back on Operational Expenses Read more (Dec 2, 2019)
Target Corporation , United States (Company Site)
Target, Walmart online sales break Black Friday records Read more (Dec 2, 2019)
The Bode , United States (Company Site)
Bode to Open Pop-up During Art Basel Read more (Dec 3, 2019)
The Kroger Co , United States (Company Site)
Kroger, ClusterTruck Partner on Dark-Restaurant Delivery Read more (Dec 2, 2019)
Victoria’s Secret , United States (Company Site)
Victoria’s Secret Cyber Monday 2019 Deals Listed by The Consumer Post Read more (Dec 2, 2019)
Walmart Inc. , United States (Company Site)
Walmart Inc. to Present at Barclays Eat, Sleep, Play – It’s Not All Discretionary Conference Read more (Dec 2, 2019)
Wawa, Inc. , United States (Company Site)
Wawa Is Releasing Three New Beers and Bringing Back Its Coffee Stout Read more (Dec 2, 2019)
Europe
Pandora A/S , Denmark (Company Site)
Colombia: Pandora opens its 20th store in the country Read more (Dec 3, 2019)
Christian Dior SE , France (Company Site)
Dior and Rimowa Open Pop-up in Miami Design District Read more (Dec 2, 2019)
SANDRO , France (Company Site)
Mexico: Sandro strengthens its presence Read more (Dec 2, 2019)
Lidl Stiftung & Co. KG , Germany (Company Site)
Lidl to Open 1st Long Island Stores Read more (Dec 2, 2019)
Klarna Bank AB , Sweden (Company Site)
Klarna Selects AWS as Its Preferred Cloud Provider Read more (Dec 2, 2019)

 

David Zweifler

David is the founder of Gordon Magazine. David's experience spans investment banking, journalism, marketing and technology.

David Zweifler

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