Walmart intends to acquire Eloquii for approximately $100m.
Founded in 2011, Eloquii is a part of women’s apparel brand The Limited. It offers apparel through its stores and website.
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The transaction will enable Walmart to enter the $21bn women’s plus-size market and fortify its Walmart.com and Jet.com platforms.
Eloquii’s CEO Mariah Chase and its executive team will join Walmart’s US e-commerce division upon completion of the transaction.
Athletic Supply / Barcelona Sporting Goods has acquired Williams’ Sporting Goods (WSG), Cardinal’s Sports Center (Cardinal’s) and Team Sports (TSO).
The acquisition enables Athletic Supply to expand its product portfolio and its presence in the Midwest US region. It will also strengthen its ties with vendors and improve its sales coverage network.
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By GlobalDataUpon completion of the transaction, the key executives of all the three companies will join Athletic Supply’s management team and hold ownership in the combined business.
WSG and Cardinal’s are providers of apparel and sports equipment, while TSO is an athletic apparel, uniforms, equipment and footwear supplier for the Ohio, Michigan, Kentucky and Indiana markets.
GSRX Industries has signed a binding letter of intent (LOI) for the acquisition of The Coughy Shop.
GSRX is an online retailer engaged in the cultivation, extraction, manufacture and delivery of cannabis and cannabinoid products.
GSRX will acquire licences and permits associated with medical and adult-use cannabis sales. It will also acquire leases, equipment and inventory as part of the transaction.
The transaction also allows GSRX to take assignment of a conditional use permit (CUP) and cultivation and kitchen-manufacturing operations.
Aleafia Health has signed an LoI for the acquisition of a 51% stake in One Plant from the Serruya Family.
Both the companies will form a joint venture (JV), which will enable Aleafia to enter the adult use cannabis market and strengthen its related retail operations in Canada during the first phase.
Aleafia will issue five million shares and $5m in cash for the acquisition, while the remaining 49% interest will be owned by the Serruya Family.
The JV will initially launch 20 retail locations in Ontario and further expand across Canada. It will also sign licensing agreements with major international cannabis brands.
Mitsui & Co has agreed to acquire a 22% stake in Agrigate Co.
Mitsui & Co is a part of the Mitsui Group, while Agrigate Co is an operator of Shunpachi Greengrocer retail stores.
Agrigate produces and sells pre-prepared dishes and lunchboxes along with seasonal fruit and vegetables across 15 stores in Tokyo.
Chanel has completed an acquisition of Orlebar Brown.
Based in France, Chanel is a fashion retailer while Orlebar Brown is a swimwear brand that offers custom-made swimming shorts for men.
Thai Union Group (TUG) intends to either sell or close the Edinburgh Salmon Company (ESCo), a UK-based smoked salmon processing unit.
TUG produces, distributes and exports frozen and canned seafood and other related products.
J.W. Childs Associates has completed an acquisition of Walker Edison.
The home furnishings supplier is being purchased from Caltius Structured Capital and Walker Edison’s founders Brad Bonham and Matt Davis.
J.W. Childs Associates is a private equity firm, while Walker Edison supplies products to global e-commerce platforms. Both the companies involved in the transaction are based in the US.
Ropes & Gray is the legal counsel to J.W. Childs for the transaction, while Strong & Hanni is the legal counsel to Walker Edison and McGuire Woods is the legal counsel to Caltius.
Lincoln International is the exclusive investment banking representative for Caltius and Walker Edison for the transaction.
