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M&A partner on Toys 'R' Us-FAO Schwarz merger - The Daily Deal
Original at The Deal Blogs
• Thu, May 28
The Daily Deal (subscription), NY Perhaps we'll be hearing about Macy's Inc. (NYSE:M) doing some dealmaking soon. It previously signed a deal to open 685 FAO Schwarz's in Macy's stores by 2010. That deal is void, and Macy's says it's disappointed. Macy's will have to replace the toy ...
Department stores - The Daily Deal
Original at The Deal Blogs
• Thu, May 14
Department stores The results reflect the gloomy retail environment, but also show that four years after paying $18 billion for rival May Department Stores Co., Macy's chief executive Terry Lundgren is still searching for the right mix of stores and strategy. ...
Li & Fung raising $348M for acquisitions - The Daily Deal
Original at The Deal Blogs
• Tue, May 5
The Daily Deal (subscription), NY Last year, Li & Fung grabbed US handbag importer Van Zeeland Inc., which sells apparel to Macy's Inc. (NYSE:M) and JC Penny Co. (NYSE:JCP), for $330 million. Among some other buys, it also acquired the sourcing offices of Toys "R" Us Inc., ...