M&A | Retail Leader

Finance Roundup: Gap Acquires Virtual Try-on Startup, Trove and Flip Announce Funding Rounds

Gap Inc. has acquired Drapr, a startup company that creates 3D avatars to enable customers to try on clothes virtually.
Walmart Q2 Results Beat Earnings, Show Gains in Grocery

Beating analyst estimates, Walmart credits its better-than-expected second-quarter earnings to ground it gained through its grocery business and a strong start in back-to-school sales as shoppers returned to stores.

Adidas Sells Reebok for $2.5B

Adidas is offloading its Reebok brand to Authentic Brands Group in a deal valued at $2.5 billion.
Gopuff Acquires European Delivery Platform

Gopuff has made another acquisition as the everyday essential needs delivery company continues to expand its reach amid a huge growth period.
PepsiCo to Sell Juice Brands

PepsiCo is selling its Tropicana and Naked juice brands to PAI Partners as part of a deal valued at $3.3 billion, Consumer Goods Technology reported.
Gopuff Confirms It Raised Another $1B

Gopuff confirmed rumors it has raised $1 billion in a funding round that brought the company’s valuation up to a whopping $15 billion.
Foot Locker Makes Two Acquisitions for $1.1B

Foot Locker is making two separate acquisitions totaling $1.1 billion.
Amazon Hits $100B Quarter for Third Consecutive Quarter

Amazon has achieved its third consecutive quarter with $100 billion in revenue, the e-commerce giant announced in its second quarter earnings report.
ThredUP Buys Europe’s Remix for $28.5M

ThredUP, an online secondhand marketplace for apparel and accessories, has acquired an online resale marketplace from the U.K., Remix.
Gopuff to Raise $1B with $15B Valuation

Gopuff, the instant needs micro-fulfillment and delivery company, is aiming to raise $1 billion in a funding round that would bring the company’s valuation up to $15 billion.
Piggly Wiggly Midwest Acquired by C&S Wholesale Grocers

Piggly Wiggly Midwest will be acquired by C&S Wholesale Grocers, Chain Store Age reported.
Publicis Groupe Acquires Retail Media Platform CitrusAd

Publicis Groupe has acquired retail media technology company CitrusAd.
Digital-First Makeup Brand Glossier Raises $80M

Glossier, a direct-to-consumer makeup brand beloved by millennials and Gen Z, has raised $80 million in a Series E funding round.
L Brands to Change Name After Spinning Off Victoria’s Secret

L Brands is changing its name to Bath & Body Works, Inc. after its board of directors approved the spin off of Victoria’s Secret, which was previously announced.

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