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October 9, 2018

Bluestar wins bid to buy gift retailer Brookstone for $80m

US-based gift retailer Brookstone has selected brand development firm Bluestar Alliance as the winning bidder to sell its intellectual property and related assets.

US-based gift retailer Brookstone has selected brand development firm Bluestar Alliance as the winning bidder to sell its intellectual property and related assets.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
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Selected following a robust auction process, Bluestar’s bid comprises cash and other consideration of over $80m.

Bluestar Alliance CEO Joseph Gabbay said: “There is strong wholesale demand from retailers for Brookstone product, and we are working closely with them to develop a true Brookstone shopping experience within their retail stores and e-commerce shopping channels.

“To keep the heritage and legacy that the Brookstone customer enjoys, our licensees will be committed to offering excellence in product design, keeping with the brand’s mission of product innovation.”

In September this year, Brookstone signed a letter of intent (LoI) with Bluestar Alliance to purchase the brand assets of the company.

“To keep the heritage and legacy that the Brookstone customer enjoys, our licensees will be committed to offering excellence in product design, keeping with the brand’s mission of product innovation.”

Last month, Bluestar’s improved offer was valued at approximately $56.35m, including $50.45m in cash and at least $5.9m in the form of a readily saleable inventory.

According to the company, Bluestar placed a $43m bid to buy the gift retailer in August.

Bluestar Alliance COO Ralph Gindi said: “Brookstone’s unique presence in airport stores across the United States will be the showcase to grow across the globe in places such as Mexico, South America, Europe, Middle East, Southeast Asia, and Australia. The exposure and marketing that comes from these stores is priceless.

“In addition, Brookstone has over 550 stores in China with plans to expand throughout Asia and an E-commerce platform with opportunity for growth. Our social and marketing teams are excited to get the brand message out there in all the new and existing mediums.”

Established in 2006, Bluestar owns and manages a portfolio of consumer retail brands such as Tahari, Bebe, Kensie, Catherine Malandrino, Nanette Lepore, Joan Vass, Michael Bastian, English Laundry and Limited Too.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.