Staples Inc has won a bid to acquire Essendant Inc (United Stationers) for an undisclosed sum.
Staples is a retailer of office supplies, while Essendant is a wholesale distributor of workplace items.
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Both the companies involved in the transaction are based in the US.
Arko Holding GmbH has acquired Hussel GmbH from EMERAM Capital Partners for an undisclosed sum.
Arko Holding is a provider of chartered accountant and tax consultant services, while Hussel is a supplier of foods, including chocolate bars, drinking chocolate, white chocolate, milk chocolate, and nougat. Both the companies involved in the transaction are based in Germany.
EMERAM is an investment firm, which makes investments in consumer goods, retail direct selling and e-commerce, industrial goods, business services as well as healthcare sectors.
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By GlobalDataBrookstone has inked a letter of intent (LoI) with Bluestar Alliance for the purchase of brand assets of Bluestar Alliance for $56.35m.
Founded in 1965, Brookstone offers gift products across its 34 airport retail locations in the US, online, and selected premium retailers globally.
The transaction will enable Bluestar to keep up to 50 of Brookstone’s stores open with a $400,000 penalty, which is payable if Bluestar fails to select this option or if it selects it and fails to keep at least 30 stores open.
ROI Commerce Inc has completed the acquisition of Bird Cages For Less for an undisclosed sum.
ROI Commerce is a provider of design, marketing services, website development and e-commerce operations for e-commerce businesses, while Bird Cages for Less is an online retailer of bird supplies and cages.
Both the companies involved in the transaction are based in the US.
EdgePoint Capital was the financial advisor to ROI Commerce for the transaction.
Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, has acquired additional 16.31% stake in Genesis Colors Limited (GCL) for Rs348m ($4.83m).
RRVL is a producer and retailer of apparel and accessories, while Genesis Colors is a readymade garment wholesaler and retailer.
Both the companies involved in the transaction are based in India.
Reliance Brands Limited (RBL), a subsidiary of RRVL, previously purchased a 49.46% stake in GCL.
RRVL and RBL together hold a 65.77% stake in GCL.
Waterstones, a subsidiary of A&NN Group, intends to acquire Foyles for an undisclosed amount.
Waterstones is a bookshop chain operator, while Foyles is a bookshop with strong brand identity and unique bookselling culture.
Waterstones will acquire the Charing Cross Road store along with two other stores in London, as well as shops in Bristol, Birmingham, Chelmsford, and its online operations.
Hudson’s Bay Company (HBC) has inked an agreement to merge its European retail operations with Karstadt Warenhaus.
HRC will own 49.99% stake in the combined entity, upon completion of the deal.
The combined entity will feature Galeria Kaufhof and Karstadt brands along with HBC and Signa banners.
Signa will form a 50-50 joint venture through the purchase of 50% stake in HBC’s German real estate assets.
National Access Cannabis (NAC) has acquired 100% shares of The Green Company (NewLeaf) for an undisclosed amount.
NAC is collaborating with The Second Cup for operating retail cannabis stores under the Meta Cannabis Supply banner.
NAC intends to open up to 70 locations by the end of this year.
The firm also intends to apply for 60 more stores and open between 100 and 150 retail locations in 2019.
