News and Events

NY TIMES: PPR to Buy Volcom, a Sportswear Maker

NY TIMES: PPR to Buy Volcom, a Sportswear Maker

By Chris V. Nicholson PPR, the French luxury goods group that controls Gucci and Puma, said on Monday that it had agreed to buy the sports accessory and clothing company Volcom for $607.5 million. The Volcom board has approved the offer of $24.50 a share, nearly 25 percent above the closing price of $19.73 on Friday. The board an... Read More

WWD: Retail Restructuring Seen Ahead

WWD: Retail Restructuring Seen Ahead

  • News
  • April 14, 2011

By David Moin and Vicki M. Young Retail will be a primary source of restructuring activity for the next 18 months, if not longer. That’s the conclusion of Durc Savini, managing director and head of the restructuring and recapitalization group at investment bank Peter J. Solomon Co., which held a company presentation Wednesday on... Read More

FINANCIAL TIMES (FT): eBay in $2.4B Deal for GSI Commerce

FINANCIAL TIMES (FT): eBay in $2.4B Deal for GSI Commerce

  • News
  • March 29, 2011

By Helen Thomas in New York and Chris Nuttall in San Francisco Ebay has made a bid to revive sales growth and diversify its business with the agreed acquisition of GSI Commerce, an interactive marketing company, for about $2.4bn, including debt. Ebay will pay $29.25 a share, a premium of 51 per cent over GSI’s closing share price... Read More

THE DEAL: eBay Buys GSI for $2.4B in Bid for Large Retailers

THE DEAL: eBay Buys GSI for $2.4B in Bid for Large Retailers

  • News
  • March 29, 2011

While eBay Inc. may be best known as an online auction house where individuals buy and sell goods, the San Jose, Calif., company aspires to loftier goals, setting its sights on becoming "the leading strategic global commerce partner of choice for retailers and brands of all sizes." To that end, eBay is spending $2.4 billion to acquire GS... Read More

Iraq and Afghanistan: Impressions by Peter J. Solomon

Iraq and Afghanistan: Impressions by Peter J. Solomon

  • News
  • March 28, 2011

Earlier this month, I spent a week with a delegation from the Council on Foreign Relations and under the auspices of the Central Command meeting with military and civilian leaders in Iraq and Afghanistan, including General David Petraeus. We travelled by C-130 aircraft, Chinook and Blackhawk helicopters and armored vans. We visited B... Read More

WWD: eBay in $2.4B Deal for GSI Commerce

WWD: eBay in $2.4B Deal for GSI Commerce

  • News
  • March 28, 2011

By Alexandra Steigrad EBay Inc. on Monday ratched up its battle with e-tailing behemoth Amazon.com with a $2.4 billion deal to buy e-commerce and marketing service provider GSI Commerce, owner of designer and luxury goods flash sale site Rue La La. The deal will take eBay one step further away from its decelerating auction model ... Read More