More than two years after an investigative report alleged that laminate flooring sold at Lumber Liquidators contained high — and potentially dangerous — levels of formaldehyde, the flooring retailer has agreed to pay $36 million to close the books on class-action lawsuits brought by customers. [More]
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Could The Jeep Brand Cross The Ocean For A New Home In China?
By 8.21.17
Nearly 30 years after Chrysler bought the Jeep brand from American Motors Corporation, the seminal SUV brand could be switching hands and continents: Chinese carmaker Great Wall says it plans to acquire Jeep from Fiat Chrysler. [More]
What Does Takata Bankruptcy Mean For Deadly Airbag Recall?
By 6.26.17
After months of speculation, embattled auto parts maker Takata has officially filed for bankruptcy following a massive shrapnel-shooting airbag recall affecting more than 42 million vehicles and the legal fallout that followed. [More]
Joe’s Crab Shack Owner Files For Bankruptcy, Preps For Sale Of Chain
By 6.7.17 — Updated: 6.9.17
A year after its failed no-tipping policy experiment and a month after rumors began swirling that Joe’s Crab Shack parent company Ignite Restaurants was prepping for bankruptcy, the company has done just that and revealed plans to sell itself to a private equity firm. [More]
Students Claim For-Profit College Operator Deliberately Let Their School Fail
By 5.2.17 — Updated: 5.9.17
Former students at one for-profit college allege that the school’s parent company, Laureate Education, committed fraud by deliberately allowing their college to fail and close down. [More]
Report: Hudson’s Bay In Talks To Buy Neiman Marcus
By 3.14.17
A month after Saks Fifth Avenue and Gilt parent company Hudson’s Bay was reported to be sniffing around Macy’s, the high-end retail giant is now apparently moving on to more luxurious pastures, with news that it is considering a purchase of newly available Neiman Marcus. [More]
Ruby Tuesday Seeking Buyer, Merger Partner After Continued Declining Sales
By 3.14.17
Last summer, Ruby Tuesday revealed plans to close nearly 100 underperforming stores as part of the chain’s “Fresh Start Initiative” that aimed to turn around slumping sales. Those efforts apparently haven’t been as successful as the restaurant brand would have liked, and now it’s looking to sell itself instead. [More]
Craftsman Tool Lovers Worried For Brand After $900M Sale To Black & Decker
By 1.5.17
In a bid to keep its sinking retail ship afloat, Sears on Thursday announced the sale of its iconic tool brand Craftsman to Black & Decker for a mere $900 million. But with the change of hands, many stalwart Craftsman lovers aren’t sure if they’ll be sticking with the brand in the future. [More]
Sears To Sell Craftsman Brand To Black & Decker For $900M
By 1.5.17
Sears isn’t just trying to stave off the grim reaper by closing stores and borrowing hundreds of millions of dollars from CEO Eddie Lampert twice in two weeks. The beleaguered retailer is selling off its iconic Craftsman brand to Stanley Black & Decker for $900 million. [More]
Report: Kroger Entertaining Idea Of Buying Whole Foods
By 10.7.16
The largest grocery store chain in the country could be getting a bit bigger and a lot more organic, as the rumor mill began churning that Kroger is exploring the idea of buying Whole Foods. [More]
Report: Twitter Looking To Sell Itself — Maybe To Google
By 9.23.16
Twitter might be a hugely popular social media platform, but for all its influence and reach, the company is not exactly minting money. So it may not come as a surprise that Twitter is once again the subject of merger rumors. [More]
Bankrupt Aeropostale In Talks To Sell Company & Keep Brand Alive
By 8.8.16
After announcing last month that its planned reorganization under bankruptcy just wasn’t going to cut it, teen retailer Aeropostale began prepping to auction off its assets. Now, the company appears to be nearing a deal with a private equity firm. [More]
Report: Walmart In Talks To Buy Jet.com
By 8.3.16
Just a year after it launched, Amazon challenger and fellow e-commerce site Jet.com could soon become the property of one of the largest bricks-and-mortar retailers in the world: Walmart. [More]
UFC Sells Itself For Record-Breaking $4 Billion
By 7.11.16
You frequently hear about manufacturers involved in multibillion-dollar mergers, and you occasionally hear about an individual sports team being sold for big bucks, but it’s pretty rare these days to see an entire sports organization being sold for ten figures. [More]
Is Amazon Removing List Prices From Product Pages?
By 7.6.16
It’s a time-honored tradition in retail to show shoppers just how much a deal they are getting by showing the “list” price next to the price the customer will actually pay. It’s a practice that online sellers, who can often offer deeper discounts than bricks-and-mortar stores, frequently use, but it looks like Amazon is quietly shifting toward showing shoppers only one price.
[More]
GNC Looking To Sell Itself, Other Restructuring Options
By 5.2.16
Amid declining sales and increased scrutiny on the supplements industry, GNC Holdings is looking to either restructure its business or sell itself.
[More]
Anheuser-Busch InBev To Sell Peroni, Grolsch To Earn European Approval Of Beer Merger
By 4.12.16
A month after Anheuser-Busch InBev cleared one huge regulatory hurdle in gaining approval for its $107 billion SABMiller merger with the sale of SABMiller’s half of China’s largest brewer, the beer behemoth is looking to appease regulators on other continents. This time it happens to be the European Union and the sale of premium brands Peroni and Grolsch. [More]
Playboy Reportedly Looking To Sell Itself
By 3.24.16
A mansion with Hugh Hefner inside might not be the only thing Playboy Enterprises is looking to get off its hands: the company is reportedly toying with the idea of selling itself. [More]
