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09/03/2021

Summer Recap: Five major retail deals

Marianne Wilson
Editor-in-Chief
Marianne Wilson profile picture

It was a busy spring and summer for dealmakers in the retail industry. Here’s a look at five of the biggest deals.

Authentic Brands Group added another big name to its brand lineup,  entering into an agreement to buy Reebok from Adidas for €2.1 billion ($2.5 billion).

Wolverine Worldwide Inc., the owner of Merrell, Keds, Saucony, Sperry, Stride Rite and other brands, jumped into the premium women’s activewear apparel market,  buying U.K.-based Sweaty Betty from private equity firm L Catterton for $410 million.

Foot Locker is spending $1.1 billion on two retail acquisitions. It’s acquiring U.S.-based athletic footwear and apparel retailer Eurostar Inc., or WSS, for $750 million. It also will acquire Text Trading Company, which owns and licenses the hot Japanese streetwear brand Atmos brand for $360 million

In its biggest deal to date, online marketplace Etsy will acquire Depop, a U.K.-based fashion resell marketplace popular with younger consumers around the globe, for $1.6 billion.

Grupo Comercial Chedraui, the third-largest retailer in Mexico, entered into an agreement to acquire Smart & Final Holdings from Apollo Global Management for approximately $620 million.