Inside the deal: The new investment totals $3.5 billion, at a valuation that works out to 17x pro forma EBITDA, according to a source briefed on the matter. Pro forma EBITDA through September incorporates the financial performance of Reebok, the sneaker company Authentic Brands acquired for $2.5 billion in August.Apr 29, 2024. Illustration: Sarah Grillo/Axios. The Federal Trade Commission showed its commitment to evolving the law on mergers when it came out against Tapestry's acquisition of Capri Holdings, experts tell Axios. Why it matters: Changing how the courts think about antitrust is a yearslong process and involves taking on harder-to-argue cases.Jun 13, 2023 · Richard Collings. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and Adweek. [email protected]. As a fashion-forward woman, it’s important to stay up-to-date on the latest trends in apparel. Anthony Richards offers a wide selection of stylish and affordable clothing that will...Richard Collings Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more. 2wDetails: The transaction is expected to close in Q4 when Pinstripes stock and warrants will be listed on the NYSE under the ticker symbols PNST and PNST WS, respectively. The combined company is valued at a pro forma EV of about $520 million, at $10 per share. It also includes $20 million in cash upfront from Middleton Partners, an affiliate of ...Swap, a SaaS platform managing supply chain logistics for DTC retailers, raised a $9 million Series A, co-founder Sam Atkinson tells Axios. Why it matters: The startup helps online retailers manage returns, which amounted to $212 billion worth of products in 2022, and reduce losses tied to return fraud. By the numbers: In 2023, annual recurring ... Richard Collings is a Retail Reporter for Axios, covering a wide range of topics within the retail industry. With a focus on mergers and acquisitions, funding, and market trends, Richard provides in-depth analysis and reporting on the ever-evolving world of retail. Shein attempts makeover under a barrage of criticism. Richard Collings. , author of. Axios Pro: Retail Deals. Jul 10, 2023. Photo: Christophe Archambault/AFP via Getty Images. Fast-fashion giant Shein is attempting to revamp its public image — and the view of an industry that has been heavily criticized for its environmental and labor practices.After the company revealed plans on Friday to lay off more than 9,000 employees in the coming months, Axios reported the company was preparing to file for bankruptcy. The New York Times previously reported David's Bridal was weighing bankruptcy, advised by investment bank Houlihan Lokey, law firm Kirkland & Ellis and restructuring specialist ...Jan 28, 2024 ... ... Axios' Richard Collings reports, citing a source familiar with the matter. Opening Day” is The Fly's recurring series of stories on the ...Zoom in: Likely bidders include iFit, which owns NordicTrack, among other businesses, Axios has learned. The company, which raised $355 million in 2022 and is backed by PE firm L Catterton, is in acquisition mode. Context: Johnson Health Tech made a $37.5 million all-cash stalking horse bid for BowFlex, which sets the floor on valuation …GoTab is raising up to $50 million in a Series B financing this summer, CEO Tim McLaughlin tells Axios exclusively. Driving the news: The startup will see its valuation double in this round, which is notable in a difficult fundraising environment. How it works: Arlington, Va.-based GoTab offers point-of-sale, kitchen display system, kiosk ...The Good Feet Store, a retailer of arch support products, is actively exploring acquisitions of complementary brands after buying ING Source, a compression sock business, CEO Richard Moore tells Axios.. Why it matters: The global foot orthotic insole market is expected to grow to more than $6 billion by 2029 from about $3.5 billion …White House National Security Council Spokesperson Adrienne Watson told Axios and CNN analyst Barak Ravid, “Iran has begun an airborne attack against Israel.Pantastic, which provides e-commerce tools and services to independent brands, raised $18 million in equity and debt financing led by B Capital Group. Why it matters: Indie brands, which boast more sustainable, locally sourced production methods and ingredients, are experiencing rapid growth along with the companies that empower them.Patagonia's new shareholder is the Earth. Richard Collings. , author of. Axios Pro: Retail Deals. Sep 15, 2022. Robert Alexander/Getty Image. Patagonia 's founder Yvon Chouinard announced plans to transfer ownership of the outdoor clothing retailer to the Patagonia Purpose Trust and the Holdfast Collective. Why it's the BFD: It doesn't …Apr 2, 2024. Illustration: Sarah Grillo/Axios. Ordergroove, which offers subscription solutions for retailers and brands, will be approaching profitability by this summer, CEO Greg Alvo tells Axios exclusively. Why it matters: The company plans to pursue an IPO and will evaluate where it stands at the end of 2024, he says.Apr 7, 2015 ... One or more memorandums sent to President George W Bush by. Vice President Richard Cheney on February 25-28, 2001, concerning the vice- ...CPG portfolio pruning points to active middle market. Richard Collings. , author of. Axios Pro: Retail Deals. Feb 27, 2023. Photo: Daniel Acker/Bloomberg via Getty Images. Consumer packaged goods conglomerates continued to present at CAGNY on their respective M&A strategies through Friday last week, outlining plans for both acquisitions and ...Richard Collings, author of . Axios Pro: Retail Deals. Mar 30, 2022. Share on facebook (opens in new window) ... But Figs would prefer to stay public, as PE's focus is to cut costs, cofounder and co-CEO Heather Hasson tells Axios. That's because the company doesn't want to be constrained as it pursues expansion in the U.S., where it …Richard Collings, author of . Axios Pro: Retail Deals. Share on facebook (opens in new window) ... Share on email (opens in new window) Illustration: Aïda Amer/Axios. Employees at big box retailers are finding allies among activist investors, as some banners move to reduce paid sick days.Richard Collings; Happy Friday, Retail readers. Research associate Natalie Breymeyer here with your weekly digest. ... Aug 18 — Profits held up far better in Q2 than folks on Wall Street expected, Axios' Matt Phillips writes. Why it matters: Corporate America's resilient bottom line is another indication that the economy could pull off the ...Oct 25, 2020 ... ... Richard Dean. BP101177 - Gaglioti, Tonino ... Axios Services (Aust) Pty Ltd. 6 Mcdonald ... Collings, John Gordon. 3a Sue Ellen Pl, BALCATTA WA.Zevia is studying potential of distribution partnerships. Richard Collings. , author of. Axios Pro: Retail Deals. Jul 20, 2023. Illustration: Victoria Ellis/Axios. Zevia (NYSE: ZVIA), the maker of natural, zero-sugar beverages, is doing its "homework" to bring aboard a new distribution partner, CEO Amy Taylor tells Axios.Mar 15, 2024 · Recess has hired Stifel Financial to raise $25 million, CEO Ben Witte tells Axios exclusively. Why it matters: The sparkling beverage maker intends to become the Red Bull of the relaxation category. By the numbers: Recess' sales were in the $10 million to $20 million range and expected to more than double last year, Witte said last August. Story by Richard Collings • 3d. L uxury retailer Saks and its owner, HBC, are closer to inking a deal to acquire rival Neiman Marcus for $3 billion, Axios has confirmed.Axios Pro Retails Deals reporters Richard Collings and Kimberly Chin will host one-on-one conversations with: Ryan Cotton. Managing Director and Global Head of Consumer-Retail. Bain Capital Private Equity. Bryan …Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and …Richard Collings, author of . Axios Pro: Retail Deals. Feb 26, 2024. Share on facebook (opens in new window) ... Illustration: Shoshana Gordon/Axios. Exit Content Preview. Komo Technologies, a web platform for creating gamified content, is in the midst of raising a seed round, CEO Joel Steel tells Axios exclusively.Upper90 targets $350M for third fund. Richard Collings. , author of. Axios Pro: Retail Deals. Nov 16, 2022. Illustration: Sarah Grillo/Axios. Upper90, a New York-based hybrid credit firm, intends to raise a total of $350 million, its co-founder and CEO Billy Libby tells Axios. Why it matters: Alternative financing for digital startups has been ...Illustration: Sarah Grillo/Axios. Ampla raised $258 million from Goldman Sachs and Atalaya Capital Management to provide consumer brands with lines of credit, CEO Anthony Santomo tells Axios. Why it matters: Startups have faced one of the most difficult fundraising environments in a decade and traditional banks have cut back on providing loans.Richard Collings. 3d. Scoop: Unleashed Brands, a platform for experiential retail concepts that foster youth development, has agreed to acquire Sylvan Learning, Axios has …Mar 14, 2023 ... Axios. Fetch scales backBy Richard Collings. The Business Journals. Madison tech firm Fetch cuts 100 employees, including 16 in WisconsinBy ...Subway has a buyer, and the deal for the sandwich shop — valued up to a reported $9.55 billion — is believed to be one of the year's largest in the private equity world.. Why it matters: As the largest U.S. fast-food chain by number of locations, Subway is dealing with a surging set of competitors that have billed themselves as healthy, fast …Richard Collings, author of . Axios Pro: Retail Deals. Jun 23, 2023. Share on facebook (opens in new window) ... Pinstripes CEO Dale Schwartz tells Axios. Details: The transaction is expected to close in Q4 when Pinstripes stock and warrants will be listed on the NYSE under the ticker symbols PNST and PNST WS, respectively.Richard Collings, author of . Axios Pro: Retail Deals. Apr 18, 2024. Share on facebook (opens in new window) ... Shoshana Gordon/Axios. Exit Content Preview. The Diriyah project, a $63.2 billion real estate development near Riyadh, is pursuing investment from outside Saudi Arabia, Diriyah Company president Mohamed Saad tells Axios …Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ...Fat Brands, the parent of Fat Burger and Johnny Rockets, said it confidentially filed the registration statement for Twin Peaks and Smokey Bones.. Why it matters: The operating unit would become a standalone public company allowing Fat Brands to raise funds. Zoom in: Axios previously reported that the company planned to spin off Twin …Jun 2, 2023. Illustration: Aïda Amer/Axios. JPalmer Collective, the asset-based lender that launched earlier this year, is now raising money from institutional investors to support $90 million worth of deals in its pipeline, its CEO Jennifer Palmer tells Axios exclusively. Why it matters: The firm focuses on women-led and founded businesses ...Mar 19, 2024. Photo: Michael M. Santiago/Getty Images. Macy's signed a confidentiality agreement with Arkhouse Management and Brigade Capital Management, a spokesperson for the retailer confirmed to Axios. Why it matters: The two firms can now begin due diligence on the iconic department store. Zoom in: Reuters reported earlier today that Macy ...Jun 7, 2022. Illustration: Aïda Amer/Axios. Kohl's (NYSE: KSS) entered into exclusive negotiations with Franchise Group (Nasdaq: FRG) and its finance partners for a three-week period, the company said Monday. The talks are tied to the bidder's $60 per share final proposal. Why it matters: The long-running auction is approaching its end game.The Good Feet Store, a retailer of arch support products, is actively exploring acquisitions of complementary brands after buying ING Source, a compression sock business, CEO Richard Moore tells Axios.. Why it matters: The global foot orthotic insole market is expected to grow to more than $6 billion by 2029 from about $3.5 billion …As banks fail, retail bankruptcies rise. Richard Collings. , author of. Axios Pro: Retail Deals. May 1, 2023. Illustration: Sarah Grillo/Axios. As the era of free money ends, an increasing number of retailers have been pushed into bankruptcy — serving as prospective targets for bargain-hunting acquirers. Why it matters: After a relatively dry ...On Tuesday, June 28, Axios Pro Retail Deals reporters Kimberly Chin and Richard Collings led conversations highlighting scoops and top stories from the second quarter in Retail deals.Guests included Meta global business group vice president Eva Press and Macellum Capital Management CEO Jonathan Duskin.. Eva Press discussed …Details: "The plan is to go public in a couple of years at a $10 billion to $15 billion market cap," Glaser says. The Berkeley, Calif.-based company, which has raised about $100 million, will raise additional funding ahead of a listing, he notes, declining to provide further details. How it works: Grabango uses computer vision to track a store ...Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports.. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a friction …Liberation Labs, a New York City-based provider of precision fermentation, expects to pull in about $50 million for its Series A set to close in Q1, CEO Mark Warner tells Axios exclusively.. Driving the news: The USDA recently awarded Ameris Bank a $25 million loan guarantee to finance Liberation Labs' biomanufacturing facility. Catch up …The total value of announced deals in the consumer staples sector, which includes Mondelez's $2.9 billion acquisition of Clif Bar, is down by nearly half compared to last year, according to Refinitiv data. The number of transactions is also down, with 190 so far this year compared to 270 at this point last year.Photo: Courtesy of Martie. Martie, a startup selling overstock of shelf-stable food products online, is raising a $3 million to $4 million extension, CEO Louise Fritjofsson tells Axios exclusively. Why it matters: The company aims to save products from landfill and sell discounted healthier food so it can be accessed by lower-income families.Macy's has received an $5.8 billion take-private offer from an investor group that includes Arkhouse Management and Brigade Capital Management, according to the WSJ and other outlets.. The big picture: The department store operator has been an occasional target of activist investors, who have pressured Macy's to monetize its real …Sep 7, 2023. Photo: Courtesy of Meati. Meati Foods, a Boulder, Colo.-based maker of plant-based meat, has raised a Series C extension, CEO Tyler Huggins tells Axios exclusively. Why it's the BFD: Funding of meat alternative startups was expected to decline in tandem with sales, which had fallen 7.3% year over year as of July, according to Circana.Fast-casual chain Just Salad is interviewing investment banks to start a sale process, a source close to its thinking tells Axios. Driving the news: Just Salad checks several boxes of an attractive investment profile: growth, profitability, and a focus on healthy food and sustainability. Details: The company will likely sell a minority stake to either a …^ Jump up to: Collings, Anthony (2010). ... ^ Dryzek, John S.; Norgaard, Richard B.; Schlosberg, David (October 24, 2013). ... Axios. Retrieved October 28, 2017. ^ ...As a fashion-forward woman, it’s important to stay up-to-date on the latest trends in apparel. Anthony Richards offers a wide selection of stylish and affordable clothing that will...Finally, sites such as Publons, RUBRIQ, Axios Review, and Peerage of ... Collings, Jennifer Raymond, and Cassidy R. ... Schroter, Sara, Nick Black, Stephen Evans, ...As banks fail, retail bankruptcies rise. Richard Collings. , author of. Axios Pro: Retail Deals. May 1, 2023. Illustration: Sarah Grillo/Axios. As the era of free money ends, an increasing number of retailers have been pushed into bankruptcy — serving as prospective targets for bargain-hunting acquirers. Why it matters: After a relatively dry ... Richard Collings Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more. 12h Mar 31, 2022. Illustration: Aïda Amer/Axios. Collectors Holdings, which authenticates and manages collectibles for hobbyists and investors, raised $100 million in funding at a $4.3 billion valuation, Richard writes. The round comes about a year after the company, at the time named Collectors Universe, was acquired by an investor group led by ...Austin-based jewelry company Kendra Scott is seeking capital to fund its expansion plans, CEO Tom Nolan tells Axios Pro's Richard Collings exclusively.. Driving the news: It would not be surprising if Kendra Scott enters into a transaction this year, which would give it "gas" to put on the "fire," Nolan says. "We would make a great public …By the numbers: This year, Unleashed will generate system-wide sales of approximately $740 million, revenue of about $160 million, and EBITDA of around $70 million, Browning said. Valuation multiples for similar asset-light businesses range between the high teens and low 20s, he said. Unleashed's CAGR is between 20% and 25%, he …Sep 7, 2023. Photo: Courtesy of Meati. Meati Foods, a Boulder, Colo.-based maker of plant-based meat, has raised a Series C extension, CEO Tyler Huggins tells Axios exclusively. Why it's the BFD: Funding of meat alternative startups was expected to decline in tandem with sales, which had fallen 7.3% year over year as of July, according to Circana.Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and …Illustration: Sarah Grillo/Axios. Ampla raised $258 million from Goldman Sachs and Atalaya Capital Management to provide consumer brands with lines of credit, CEO Anthony Santomo tells Axios. Why it matters: Startups have faced one of the most difficult fundraising environments in a decade and traditional banks have cut back on providing loans.Richard Collings. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and Adweek. [email protected]. Richard Collings Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more. 12h Jan 7, 2024 ... ... Axios Wavelength Dispersive spectrometer ... Gormley, I. P.; Collings, P.; Davis ... Richard S. Nature (London) (1998), 392 (6679), 933-936 ...Nov 21, 2023 · Nov 21, 2023. Illustration: Sarah Grillo/Axios. McDonald's paid $1.8 billion for Carlyle's minority stake in a group that operates the chain's business in mainland China, Hong Kong and Macau, per a source familiar with the deal. Why it matters: The deal comes as many PE and VC firms are pulling away from China, in part due to fears that they ... Mar 15, 2024 · Recess has hired Stifel Financial to raise $25 million, CEO Ben Witte tells Axios exclusively. Why it matters: The sparkling beverage maker intends to become the Red Bull of the relaxation category. By the numbers: Recess' sales were in the $10 million to $20 million range and expected to more than double last year, Witte said last August. GoTab is raising up to $50 million in a Series B financing this summer, CEO Tim McLaughlin tells Axios exclusively. Driving the news: The startup will see its valuation double in this round, which is notable in a difficult fundraising environment. How it works: Arlington, Va.-based GoTab offers point-of-sale, kitchen display system, kiosk ...Driving the news: Coca-Cola was recently reported by Bloomberg to be preparing its African operations for an IPO as early as next year at an $8 billion valuation. Yes, but: A sale is also on the table, with timing yet to be determined, says the source close to the company. An IPO of the African bottling business will be difficult to pull off ...Richard Barile was George Jung’s California connection; Jung used Barile in his cocaine smuggling operation with Carlos Lehder and the Colombian cartel. The plan was to smuggle coc...Inside the deal: The new investment totals $3.5 billion, at a valuation that works out to 17x pro forma EBITDA, according to a source briefed on the matter. Pro forma EBITDA through September incorporates the financial performance of Reebok, the sneaker company Authentic Brands acquired for $2.5 billion in August.Distressed retail watchlist. Richard Collings. , author of. Axios Pro: Retail Deals. Dec 19, 2022. Illustration: Gabriella Turrisi/Axios. The most scrutinized retailers are rated either CCC+ (S&P and Fitch) or Caa1 (Moody's) and below. State of play: Moody's assigned Caa1 ratings to home goods retailers At Home and Bob's Discount Furniture ...November 16, 2021. Posted by Chris Roush. Richard Collings. Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial …Richard Collings, author of . Axios Pro: Retail Deals. May 2, 2022. Share on facebook (opens in new window) ... (opens in new window) Illustration: Aïda Amer/Axios. Exit Content Preview. Macellum and Ancora are urging SpartanNash's board to form a special committee to explore strategic alternatives, the pair of activist investors …Aug 8, 2022. Gilbert Carrasquillo/GC Images. Fabletics is hinging its next phase of growth on its Yitty clothing partnership, COO Meera Bhatia tells Axios. Why it matters: Yitty, a business venture with recording artist Lizzo, could well position Fabletics' for a public debut — which it was reportedly weighing last year.Bed Bath & Beyond's time is running out. Facing imminent bankruptcy, Bed Bath & Beyond has two last-gasp efforts ongoing. Driving the news: The beleaguered home goods purveyor is reported to be preparing to file for bankruptcy within days, according to the Wall Street Journal. Details: The two time-sensitive efforts include a plan to raise $300 ...By the numbers: This year, Unleashed will generate system-wide sales of approximately $740 million, revenue of about $160 million, and EBITDA of around $70 million, Browning said. Valuation multiples for similar asset-light businesses range between the high teens and low 20s, he said. Unleashed's CAGR is between 20% and 25%, he …Jun 13, 2023 · Portland is among the markets most likely to be affected by the merger of Kroger and Albertsons. Why it matters: The companies are two of the country's largest food retailers, and their proposed merger during a time of food inflation has triggered scrutiny. Driving the news: Earlier this month, S&P Global Ratings said the number of stores the ... Brilliant Earth, a digitally native jewelry retailer, is doubling the number of its showrooms this year to 30 as it becomes increasingly challenging for brands to be online only, its CEO and co-founder Beth Gerstein tells Axios. Why it matters: DTC brands are increasingly relying on physical locations to reach shoppers flocking back to stores, …We would like to show you a description here but the site won’t allow us.Patagonia's new shareholder is the Earth. Richard Collings. , author of. Axios Pro: Retail Deals. Sep 15, 2022. Robert Alexander/Getty Image. Patagonia 's founder Yvon Chouinard announced plans to transfer ownership of the outdoor clothing retailer to the Patagonia Purpose Trust and the Holdfast Collective. Why it's the BFD: It doesn't …By the numbers: Bartesian's products, including machines and pods, have been on the market for three years, generating over $16 million in direct revenue in 2020 and $32 million in 2021, Close says. Bartesian expects to generate revenue of $60 million this year and $100 million next year, based on distribution deals inked with the likes of ...Axios Pro Exclusive Content Shopify unloads logistics after acquiring Deliverr last year. Richard Collings, author of . Axios Pro: Retail Deals. May 4, 2023. Share on facebook (opens in new window) Share on twitter (opens in new window) Share on linkedin (opens in new window)As Axios' media reporter for the last six years, Fischer brings …. ... Richard Quest is CNN's foremost international ... 6201 collings drive lockbourne ohio 43137 ...Details: "The plan is to go public in a couple of years at a $10 billion to $15 billion market cap," Glaser says. The Berkeley, Calif.-based company, which has raised about $100 million, will raise additional funding ahead of a listing, he notes, declining to provide further details. How it works: Grabango uses computer vision to track a store ...Oct 12, 2022. The Snuggie is one of Allstar's breakout products. Photo: Courtesy of Allstar. Allstar Innovations, a maker of consumer products like the Snuggie, has developed a unique investment strategy — taking over brands' operations and earning equity in them upon specific sales milestones, CEO Scott Boilen tells Axios.As banks fail, retail bankruptcies rise. Richard Collings. , author of. Axios Pro: Retail Deals. May 1, 2023. Illustration: Sarah Grillo/Axios. As the era of free money ends, an increasing number of retailers have been pushed into bankruptcy — serving as prospective targets for bargain-hunting acquirers. Why it matters: After a relatively dry ...Jun 2, 2023. Illustration: Aïda Amer/Axios. JPalmer Collective, the asset-based lender that launched earlier this year, is now raising money from institutional investors to support $90 million worth of deals in its pipeline, its CEO Jennifer Palmer tells Axios exclusively. Why it matters: The firm focuses on women-led and founded businesses ...Are you a baking enthusiast looking for a reliable bread maker to create delicious homemade loaves? Look no further than the Morphy Richards Fastbake Manual. This versatile bread m...
Collings, Richard (March 28, 2023). "Tory Burch Foundation unveils finance tool for women founders". Axios. Retrieved December 24, 2023. [62] · "Announcing&nb.... Flagship cinemas auburn auburn me
The branches of Dollar Tree's settlement. Richard Collings. , author of. Axios Pro: Retail Deals. Mar 10, 2022. Illustration: Sarah Grillo/Axios. Dollar Tree's board reshuffle shows that activist hedge funds come in all shapes and sizes, and that the quality of a board slate plays a huge role in deciding whether a proxy fight is worth the ...After the company revealed plans on Friday to lay off more than 9,000 employees in the coming months, Axios reported the company was preparing to file for bankruptcy. The New York Times previously reported David's Bridal was weighing bankruptcy, advised by investment bank Houlihan Lokey, law firm Kirkland & Ellis and restructuring specialist ...Mar 4, 2024 ... Not really, says Axios. In a recent article entitled “GoPuff a likely merger target as delivery sector falters” reported Richard Collings said ... Join Axios Pro retail reporters for an exclusive live conversation on the emergence and future of live commerce, PE retail M&A activity and debt financing trends in the sector. Ask your questions live to Pro reporters and speakers. Participate in post-event networking with Richard Collings and Kimberly Chin. Jan 17, 2024 · Jan 17, 2024. Illustration: Aïda Amer/Axios. Hotworx, formerly Planet Beach Franchising, is working with investment bank Houlihan Lokey as it weighs a capital raise, its CEO Stephen Smith tells Axios exclusively. Why it matters: Asset-light franchise models have become increasingly popular through the pandemic because they boost profit margins ... What they're saying: "Oddity is an example of a company that utilized a short float, cornerstone investors and a long marketing period prior to the roadshow while waiting for a window that they could get out," an industry banker …🚨#BREAKING: Axios, my happy place, has agreed to sell to Cox Enterprises: — Cash deal values Axios at $525M — Cox will put new money into company to grow biz — Deal structure incentivizes ...Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a ...Richard Collings; Happy Friday, Retail readers. Research associate Natalie Breymeyer here with your weekly digest. ... Aug 18 — Profits held up far better in Q2 than folks on Wall Street expected, Axios' Matt Phillips writes. Why it matters: Corporate America's resilient bottom line is another indication that the economy could pull off the ...Mar 5, 2024. Photo: Justin Sullivan/Getty Images. There's a strong case for Macy's to launch a formal sale process while there's still something left to be sold. Why it matters: Its latest reinvention tour is a rehash of old hits: smaller store footprints, more of a focus on luxury, digital integration, and more store closings.Jan 8, 2024. Illustration: Sarah Grillo/Axios. Wolverine Worldwide aims to conclude a sale process for its footwear brand Sperry by the end of Q1, its CFO Michael Stornant said. Why it matters: The footwear conglomerate has been undergoing a transformation over the past year, selling brands such as Keds, its leathers business and the ....