One of the notable middle market transactions closed in October when Caleres, Inc. acquired Vionic Group LLC, a portfolio company of Alpine Investors, for US$360 million in cash, subject to certain adjustments. The acquisition would expand Caleres’ brand portfolio in the footwear category. Vionic Group is located in San Rafael, California, and offers product development, research, marketing and distribution of footwear.
Related Articles
Industry Indicators
- Total US consumer spending, an indicator of nonstore retail sales rose 1.8%, primarily from services expenditures, in November 2018 compared to the same month in 2017.
- The average US retail price for diesel and regular gas, which influences discretionary consumer spending on internet and catalog items, fell 3.2% and 12.7%, respectively, in the week ending February 11, 2019, compared to the same week in 2018.
- US personal income, which drives consumer nonstore retail spending, rose 4.2% in November 2018 compared to the same month in 2017.
- US retail sales for nonstore retailers, a measure of demand, increased 9.6% in 2018 compared to 2017.
Posted by Joe Sands.
Read the Entire Consumer Retail 1st Quarter Newsletter Here
This post first appeared on CFA | Mergers, Acquisitions And Capital Resources, please read the originial post: here