News

Fresh Thyme Farmers Market Published reports indicate Fresh Thyme Farmers Market plans to slow expansion in 2018. The Company, which operates 66 stores in nine Midwestern states (see store concentration map below), will scale back 2018 expansion to 10 new stores, from 20 new stores ... Read more
robbie
Party City Earlier today, Party City announced it has entered into an agreement to acquire the MG Novelty Corporation for approximately $5.5 million. The deal includes seven retail stores under the Party Galaxy banner in the Oklahoma City, OK metro area. MG Novelty Corporation reported total ... Read more
kristie
Charming Charlie Yesterday, Charming Charlie LLC filed a voluntary Chapter 11 petition in the U.S. Bankruptcy Court in the District of Delaware (click here to request a copy of the full petition). The proceedings have been assigned case number 17-12909. Subject to Court approval, the Company, ... Read more
robbie
CVS Health Yesterday, CVS Health said it would acquire insurance giant Aetna in a deal worth approximately $77.00 billion, including Aetna’s debt. On a pro forma basis, the companies generated $221.40 billion in revenue and $18.50 billion in adjusted EBITDA. The Company expects to incur ... Read more
robbie
Rite Aid & Walgreens Yesterday, Rite Aid announced that it completed the pilot closing and first round of asset sales to Walgreens Boots Alliance (WBA), resulting in the transfer of 97 Rite Aid stores and related assets to WBA. WBA will purchase a total of 1,932 stores, three distribution cen ... Read more
robbie
Ahold Delhaize Published reports indicate that Ahold Delhaize is suspending its Bfresh brand of smaller-format, urban-focused grocery stores, which it had initially planned to open in Philadelphia as part of a larger national rollout. According to sources close to the matter, the Company stil ... Read more
robbie
Panera Bread Company / Au Bon Pain On November 7, Panera Bread Company, a subsidiary of JAB Holdings Company LLC, entered into a definitive agreement to acquire Au Bon Pain Holding Co. Inc. Financial terms of the transaction, expected to close during the fourth quarter, were not disclosed. Lo ... Read more
robbie
Sears Holdings On November 3, Sears Holdings announced it is closing another 63 stores (45 Kmart and 18 Sears) in January. This is in addition to the 330 stores closed in the first nine months of the year and the 28 Kmart locations expected to be shuttered after the holidays. Including these ... Read more
robbie
Bon-Ton Stores Last week, Bon-Ton Stores amended its $880.0 million Tranche A and Tranche A-1 credit facility, which it said provided the Company with immediate flexibility and substantial additional liquidity under its current credit facility. The new agreement eases the excess availability ... Read more
robbie
Supervalu Last Thursday, Supervalu announced results for its second quarter ended September 9, 2017. Overall sales were up 36% based on 58% growth in the Wholesale division, which was mostly attributable to incremental revenue from the acquired Unified business as well as from new customers s ... Read more
robbie

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