Acquisition Archive

BoF Exclusive | Estée Lauder Buys Becca Cosmetics

NEW YORK, United States – The Estée Lauder Companies, Inc., the American beauty conglomerate that owns brands like Clinique, Bobbi Brown and MAC, has signed an agreement to acquire Becca Cosmetics from beauty incubator Luxury Brand Partners. The terms of the deal were not disclosed, although industry sources suggest the conglomerate paid around $200 million for the business, which was founded in 2001 and is set …

Report: Verizon wants $1 billion discount after Yahoo privacy concerns

It’s bad news for Yahoo. The company is in the midst of finalizing its sale to Verizon, but recent revelations about hacking and spying may be costing them a pretty penny. A story from the New York Post alleges that Verizon is now asking Yahoo for a hefty $1 billion discount to finalize what was supposed to be a $4.8 billion deal.  (Full disclosure: TechCrunch is …

Totokaelo Acquired by Herschel Supply Co.

NEW YORK, United States — Totokaelo, the young-luxury retailer with roots in Seattle that opened an ambitious 8,400-square-foot store in New York City’s Soho neighbourhood last autumn, has been purchased by Herschel Capital Co., the Vancouver-based investment division of accessories brand Herschel Supply Co., BoF has learned. As part of the deal, Totokaelo will enter into a long term operating agreement with the Richmond, Virginia-based …

Wal-Mart to Buy Jet.com to Compete with Amazon

BENTONVILLE, United States — Wal-Mart Stores Inc said on Monday it would buy online retailer Jet.com for about $3 billion (£2.30 billion), the largest-ever deal for an e-commerce startup, as it races to build a Web business to better compete with Amazon.com Inc . Wal-Mart’s online business has struggled, posting its slowest growth in a year in the latest quarter, and the Jet deal reflected …

Wal-Mart in Talks to Buy Online Retailer Jet.com

BENTONVILLE, United States — Wal-Mart Stores Inc is in talks to buy online retailer Jet.com, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. It was not clear how much Wal-Mart would pay, but Jet.com could be worth as much as $3 billion (£2.25 billion), the WSJ said. Wal-Mart declined to comment. Jet.com, considered a formidable competitor to Amazon.com Inc, was …