Bentonville, Ark., and New York City — Walmart has agreed to acquire online apparel retailer Bonobos Inc. for approximately $310 million in cash. Bonobos operates 35 physical retail locations in addition to its online presence.
retailers
Dublin, Calif. — dd’s DISCOUNTS®, a division of Ross Stores, Inc. will open its 200th store in Manteca, Calif., on June 24, 2017. The 18,000-square-foot Northern California store is located in the Stadium Center at Highway 120 and Airport Way. The new location will increase the store count to 84 in California.
Cleveland — Lisa Gavales has resigned from her post at Things Remembered as chairman, chief executive officer and president. Nelson Tejada has been promoted from senior vice president and chief merchandising officer to president, and Dave J. Helkey, has been promoted from chief financial officer to chief operating officer and chief financial officer.
Seattle — Online retail giant Amazon has agreed to acquire high-end grocery chain Whole Foods Market Inc. for $13.7 billion. The all-cash transaction amounts to $42 per share and includes the Austin, Texas-based grocer’s net debt. Whole Foods Market will continue to operate stores under the Whole Foods Market brand. John Mackey will remain CEO of Whole Foods Market, and the company’s headquarters will remain in Austin.
Los Angeles — BCBG Max Azria Group, LLC (BCBG) and certain of its affiliates have reached an agreement on a comprehensive restructuring which contemplates the sale of substantially all the assets of the company through a Chapter 11 plan to Marquee Brands LLC and Global Brands Group Holding Limited.