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M & A

Wal-Mart buys acquires ModCloth in effort to compete with Amazon

Big box retailer Wal-Mart, recently announced its purchase of online women’s retailer ModCloth. The company has not released the price of the deal, but according to BoF, the acquisition price is in the same range as Wal-Mart’s previous two purchases of Shoebuy for $70 million and Moosejaw for $51 million. Wal-Mart’s intent with this venture is to support its strategy of acquiring smaller online …

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Shiseido Americas acquires JWALK agency to expand creative expertise

Shieseido Americas Group has acquired JWALK, a full service creative agency based in New York.    As part of the venture, JWALK founder Doug Jacob will assume the role of chief creative director of Shiseido Americas and will report to Jill Scalamandre, president of Shiseido’s Global Makeup Center of Excellence.   “Creative excellence is at the core of consumer communication …

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Shiseido acquires MatchCo and its shade matching service

Shiseido Americas Corporation has acquired U.S. beauty startup MatchCo, which has developed technology that helps beauty shoppers purchase the correct shade of foundation for their skin. SAC CEO, Marc Rey, has declined to say how much the startup was purchased for or its current sales volume. “MatchCo is a truly unique company with a transformational technology platform, go-to-market strategy and approach to …

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Luxottica and Essilor merge in $51 billion deal to form glasses behemoth

Italy-based eyewear giant Luxottica Group SpA and France-based lens-maker Essilor International SA have merged to form, EssilorLuxottica, in a €48 billion ($51 billion at current exchange) deal. The deal was made public this past week and will to bring the new entity’s combined revenues to €15 billion ($16 billion), and combined net EBITDA of approximately €3.5 billion ($3.7 billion) based …

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