NEWS WE’VE FOLLOWED THIS WEEK:
The US economy added 143,000 jobs in January, fewer than expected, and unemployment rate around 4%.
The Bank of England cut its benchmark interest rate by 25 bps, as British economy weakens.
Levin Management Corporation 14th Retail Outlook Sentiment Survey reveals store managers enter 2025 with a favorable attitude for sales volume.
Tariff policy continued to evolve this week, so follow closely for current status: China 10% tariff increase took effect, and de minimis treatment for goods from China, Mexico and Canada was revoked. Mexico and Canada tariffs are on hold for 30 days pending other agreements.
M&A AND FINANCING NEWS
L’Oreal became a minority investor in JACQUEMUS (French fashion brand).
Taos Footwear raised debt and investment capital of $65 M from Prospect Capital.
Hakkawise (e-comm acquirer) acquired Wolf Project (mens skincare).
Kering Sold its Italian outlet business to Simon Property Group for $365 M.
Beyond, Inc. will acquire the Buy Buy Baby brand rights for $5M.
Beanstalk was acquired by JPE Investments and other family offices.
Archive (resale tech) raised $30M led by Energize Capital.
Deconstruct (DTC skincare) raised $7.7 M from L'Oréal VC fund, V3 Ventures and DSG Consumer Partners.
Spindrift Beverage Co, Inc. received an investment from GRYPHON.
kdc/one acquired Maesa’s European operations(skincare/ scents).
Tempur Sealy International competed its acquisition of Mattress Firm Group previously announced.
Mezcla (protein snacks) received line of credit from Assembled Brands.
Walmart acquired a Pittsburgh area mall for $34M.
Bargain Hunt filed for Chapter 11.
Liberated Brands filed for bankruptcy after having its license agreement with ABG (for brands such as Billabong, Roxy and Quiksilver) terminated.
Peavy Mart, Canadian retailer, is closing its locations with Gordon Brothers.
EVENTS
Thursday February 20th MMG Advisors, Inc. will attend the Fashion Commerce Innovation Summit. To learn more visit : M13 site
BEFORE YOU GO
Can Mahomes become the undisputed GOAT? Can the Eagles stop him? Football fans seem ready for Super Bowl LIX’ commercials, food and the game! May your team win.
