September 20, 2023
INSTACART begins trading today on the Nasdaq under the symbol "CART." Last week the Company submitted an updated filing for its proposed IPO, setting an offer price of $28 to $30 per share (up from $26 to $28 initially reported). The Company plans to issue 22 millio ... Read more
September 13, 2023
KROGER and ALBERTSONS announced that they have entered into an agreement with C&S WHOLESALE GROCERS for the sale of 413 stores, banners, distribution centers, offices and private label brands in connection with their proposed merger previously announc ... Read more
September 6, 2023
J.C. PENNEY plans to spend more than $1 billion by the end of 2025 to remodel its stores, upgrade its online shopping capabilities, and improve its supply chain network. This amount would annually average about 35% above the $246 million the Company spent on Capex in FY22 ... Read more
August 30, 2023
RITE AID has reportedly hired Guggenheim Securities and Alvarez & Marsal as financial advisors, while Kirkland & Ellis was retained as its restructuring counsel. Last week, reports indicate that Rite Aid is preparing to file for bankruptcy in the coming weeks, according to ... Read more
August 23, 2023
SOUTHEASTERN GROCERS (SEG), parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, announced on August 16 that it entered into definitive agreements with ALDI and Fresco Retail Group, LLC to effectuate a comprehensive strategic d ... Read more
August 16, 2023
In the CHRISTMAS TREE SHOPS, DIP case, the Companys remaining 49 stores were set to close on August 12, according to the Companys website. As of the petition date, the Debtors operated 82 stores in 20 states.
Click here to request the list of final closings.
T ... Read more
August 9, 2023
CAMPING WORLD will acquire RV Arizona Consignment Specialists in El Mirage, AZ. The transaction established a platform and plan for a nationwide rollout of consignment-exclusive locations and integration into the Companys existing dealership locations with consignment sales. ... Read more
August 2, 2023
AMAZON and iROBOT agreed to amend the existing terms of their merger agreement to reflect a change to the price per share. Under the amended terms, Amazon will pay $51.75 per share, down from $61 per share previously. At the same time, iRobot entered into a $200 mi ... Read more
July 26, 2023
LIDL U.S. CEO Michal Lagunionek will step down in four weeks from the role that he has held since April 2021. Joel Rapoldt, partner and managing director at consulting firm AlixPartners, will replace Lagunionek, making him the fourth person to assume the top role si ... Read more
July 19, 2023
In the DAVIDS BRIDAL, DIP case, reports indicate the Court approved the going concern sale of the Davids Bridal business to Cion Investment Corporation, avoiding a liquidation. This follows our initial reporting that Cion was selected as the successful winner at an aucti ... Read more
