January prices rose 3.1% in Jan’23 vs Jan’22 but still “a considerable distance” from Fed’s 2.0% target.
The US Labor market added 275,000 jobs in Feb’23, beating expectations.
The European Central Bank left its key interest rate at a record high of 4.0%.
China set its annual GDP growth target at around 5%.
Female founders increased their share of US VC capital raised in 2023 per Deloitte, Pivotal Ventures.
Caitlin Clark became the NCAA’s Division all time leading scorer, male or female; changing the future business of the sport.
M&A AND FINANCING NEWS
Resident Home was acquired by Ashley Home.
Snowsports Merchandising Corporation and Sports Specialists Ltd merged to form Winter Sports Retailers, Inc.
Self Esteem Brands, LLC Brands (Anytime Fitness parent) and Orangetheory Fitness announced they will merge via an all-stock transaction.
RoC Skincare was acquired by Bridgepoint Europe VII from Gryphon Investors.
Palm Beach Ice Works and Palm Beach Brakers (skating programs) were sold to Longwood Hockey.
Jennifer Fisher Jewelry (jewelry brand) formed a joint venture with Centric Brands.
Klean Kanteen® Kanteen (drink containers) was acquired by Think Better Group.
Perch (Amazon aggregator) was acquired by Razor Group.
The Children's Place’s (retailer) majority owner, Mithaq Capital, to provide $79M in new funding.
Momentous (supplements) raised $32M to expand its product line from Humble Growth.
Pressed Roots (hair blowout bar) raised $3.1M from Naomi Osaka, Howard Schultz’s family office.
Treet (resale) raised $10M with Two Sigma Ventures.
ACCA (retail tech) raised capital from Corbel Capital Partners and Valency Capital.
TRUE linkswear (golf apparel) has new credit facility from Republic Business Credit.
Zulily (ecomm retailer) was acquired out of bankruptcy by Beyond, Inc.
Silas Capital raised $150M to invest in startups in beauty, fashion and wellness.
The Canadian division of The Body Shop filed for bankruptcy while the US business ceased operations.
BowFlex Inc. (fitness company) filed for bankruptcy and appointed Johnson Health Tech. Co., Ltd. Retail as the Stalking Horse Bidder for $37.5M in cash.
PUBLIC COMPANY NEWS
Express was de-listed from the NYSE and moved to the OTC exchange.
JD.com initiated a $3B stock repurchase program.
Arkhouse Management & Brigade Capital Management raised their offer to acquire Macy’s to $6.6B.
Vista Outdoor rejected an unsolicited $2.9B bid from MNC Capital Partners.
Douglas Group plans to IPO on the Frankfurt Stock exchange and seeks to raise up to €1.1B
BEFORE YOU GO
This Sunday is Day light savings, don’t forget to set your clocks forward 1 hour!
