News

Will retailer gains drive M&A?

New York - (TheDeal.com) - As retailers gear up for what they hope is a busy holiday weekend, the market is celebrating the gains achieved by some leading companies. In the first quarter, Sears Holding Co. (NASDAQ:SHLD) earned $26 million, compared to a $56 million loss in the same period in 2007; Aeropostale Inc. posted net income of $31.7 million, up from $17.5 million in 2007; and Gap Inc. (NYSE:GPS) managed to top Wall Street expectations by a penny, despite seeing earnings dip to $215 million from $249 million a year earlier.

Read More...

Middle-market fashion M&A still in vogue

New York - (TheDeal.com) - While M&A in most industries is so last season, the fashion world remains a hot spot for deal activity. At least that's the experience of the investment bank Net Worth Solutions Inc., whose fashion and retail clients post sales in the $50 million to $250 million range.

Read More...

 

Dorfman Agrees to Buy Cappelli Straworld

Stockton, CA - (WWD) - Headwear and handbag firm Dorfman Pacific has agreed to acquire Cappelli Straworld, a manufacturer of women's hats, handbags and accessories in straw and cloth. Financial terms were not disclosed

Read More...

Former Spencer Clarke Bankers Move to Avalon Group

Ariel Imas, Karen Sterling and Braden Ferrari joined the investment banking firm Avalon Group, after having left Spencer Clarke. The group's focus is on raising capital for small publically traded companies and some private companies, consulting and mergers and acquisitions in consumer products and life sciences, Ferrari said in an email.

Read more ...

Apparel Industry Awaits Hartmarx Bidding Outcome

Chicago, IL - (MRketplace.com) - Only one of the three known bidders for bankrupt Hartmarx appears to intend to keep the company in one piece, and that has many in the apparel industry nervous. The breakup of Hartmarx could mean lost jobs, closed factories and unpaid creditors.

Read More...

Retailers Bank on Exclusive Lines

New York - (WWD) - The search for a moderate-price bright spot has found a ray of light: exclusive brands appear to be withstanding the test of the economy.

Read More...

Despite surge, retail worsens

New York - (New York Post) - Retailers posted bettern-than-expected February sales, but business will soon get bumpier, according to some industry experts. 

Read More...

News