Pursuits
Retail Woes Drag Takeover Premiums to Lowest Level Since 2008
- Tax reform, Amazon threat cast shadows on apparel mergers
- Investors worried about brand growth potential, adviser says
Jason Mudrick Says Retail Is a Mess, to Say the Least
This article is for subscribers only.
The retail trends that are keeping U.S. shoppers away from malls are also putting a damper on deal-making.
The number of mergers involving apparel, shoes and jewelry dropped 12 percent to 115 in the past year. And the transactions that are getting done are fetching the smallest premiums since the recession in 2008. They plunged to 3.4 percent from 23 percent a year earlier, according to data compiled by Bloomberg.