One of the notable transactions of the quarter was announced in December when Colgate-Palmolive Co acquired Physicians Care Alliance LLC, trading as PCA Skin, a portfolio company of Norwest Venture Partners for US$730 million in cash. The acquisition would allow Colgate-Palmolive Co to expand its personal care business. The transaction was subject to customary closing conditions, including US antitrust clearance and is expected to accretive the earnings of Colgate-Palmolive Co in 2018.
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The old-world Retail sector continues to lag as brick-and-mortar stores struggle to compete against Amazon and other e-commerce businesses. This is true for midmarket retailers as well as several major retailers – including RadioShack, PayLess ShoeSource, Vitamin World and Toys R Us, which filed for bankruptcy protection in 2017.
Industry Indicators
- Total US consumer spending, an indicator of retail sales, rose 1.7%, primarily from services expenditures, in December 2017 compared to the same month in 2016.
- Total US retail sales, a measure of the retail sector, increased 5.1% in the first month of 2018 compared to the same period in 2017.
- US tourism spending on shopping, which impacts retail sector revenues, increased 3.6% in the third quarter of 2017 compared to the same period in 2016.
Posted by Joe Sands.
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This post first appeared on CFA | Mergers, Acquisitions And Capital Resources, please read the originial post: here
