NEWS WE’VE FOLLOWED THIS WEEK:
U.S. consumers are expected to spend a record $240.8 billion online this holiday shopping season, per the Adobe online holiday shopping forecast.
U.S. retail sales will modestly increase 1.2% to 3.5% this upcoming holiday season vs last year, forecasts Gordon Brothers, due to economic and political uncertainty and shorter shopping window.
M&A AND FINANCING NEWS
Blue Nile (online jewelry retailer) was acquired by Signet Jewelers for $360M in cash.
Kichler Lighting (residential light fixtures) was acquired by Kingswood Capital Management.
LVMH acquired a 10% interest in Double R , Remo Ruffini’s investment fund which invested in Moncler.
Aeffe S.p.A. sold MOSCHINO beauty to EuroItalia.
SPW Fabrics (Spanish fabricmaker) raised an investment from Alantra.
Tempur Sealy International said it would sell its Sleep Outfitters USA subsidiary (103 stores plus seven distribution centers) and 73 Mattress Firm Stores to Mattress Warehouse (bedding retailer).
[solidcore] (fitness studio) sold a majority stake to L Catterton.
VIO Med Spa (full-service med spa franchisor) sold a majority stake to Freeman Spogli.
Oak Essentials (Jenni Kayne-owned beauty brand) raised from Silas Capital and Unilever Ventures.
Grove Collaborative (XXX) raised a $15M PIPE from Volition Capital.
PUBLIC COMPANY INFORMATION
The following public companies announced earnings this week: H&M, Golden Goose & Stitch Fix.
EVENTS
We’re excited to announce that Delivering Good, Inc. will be hosting their gala on October 29th at Gotham Hall! Join us in NYC for an unforgettable evening dedicated to making a positive impact.
BEFORE YOU GO
Amazon plans to introduce a reality competition show called “Buy It Now” next month, where entrepreneurs will pitch their products to judges and winners will have prime placement on Amazon.com
The first day of Fall was Sunday, September 22.
