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THE DEAL: Open for Business

THE DEAL: Open for Business

  • News
  • October 7, 2011

By Richard Collings Marc Cooper, a managing director at Peter J. Solomon Co. and head of the firm's retail and apparel practice, sat down with The Deal's Richard Collings to discuss the outlook for retail merger activity for the remainder of the year. Cooper discusses the pressure some investment banks face in winning advisor... Read More

Balance of Outrage by Peter J Solomon

Balance of Outrage by Peter J Solomon

  • News
  • October 1, 2011

The spreading protests of “Occupy Wall Street” may become a significant political force. What began as a rag tag band of middle class college age youths agitating against capitalism is galvanizing Main Street’s feelings of helplessness. With 14 million officially unemployed and another 5 million probably no longer seeking work; with wage... Read More

BLOOMBERG: Budget Constraints Drive Buying

BLOOMBERG: Budget Constraints Drive Buying

  • News
  • September 27, 2011

By Meg Tirrell and Jeffrey McCracken The U.S. health-care law and budget cuts will drive consolidation in the industry as companies compete for fewer dollars and to protect profits, said JPMorgan Chase & Co. (JPM)’s Jim Woolery. “Budgetary constraints around health care, say over the next five years -- that’s a headwind on pr... Read More

FINANCIAL TIMES: Google Courts Food-Lovers with Zagat Deal

FINANCIAL TIMES: Google Courts Food-Lovers with Zagat Deal

  • News
  • September 8, 2011

By Helen Thomas in New York and April Dembosky in San Francisco Google has struck a deal to buy Zagat, publisher of the respected restaurant guides based on reviews from food-lovers, as part of its push to combine local content with its search results. Zagat, which was founded in 1979 by husband-and-wife team Tim and Nina Zagat, ... Read More

NEW YORK TIMES: Google to Buy Zagat

NEW YORK TIMES: Google to Buy Zagat

  • News
  • September 8, 2011

By Michael J. De La Merced Google has agreed to buy Zagat, the guide to restaurants around the country, in an effort by the search giant to expand its local offerings. Terms of the transaction, including price, were not disclosed. Tim and Nina Zagat, the husband-and-wife team behind the company, said they planned to remain involv... Read More

NEW YORK TIMES: In a Twist, Google Reviews Zagat, and Decides to Bite

NEW YORK TIMES: In a Twist, Google Reviews Zagat, and Decides to Bite

  • News
  • September 8, 2011

By Michael J. De La Merced, Ron Lieber and Claire Cain Miller Michael Falco for The New York TimesTim and Nina Zagat, who began their restaurant ratings more than three decades ago, will remain with the business. For years, a wave of online competitors eroded Zagat’s formidable empire of quotation-mark-happy reviews of restaurants and ba... Read More

WWD: M&A Deals Roll on Despite Stock Market

WWD: M&A Deals Roll on Despite Stock Market

  • News
  • August 23, 2011

By Vicki M. Young and Evan Clark GLOBAL STOCK MARKETS might be yo-yoing, but plenty of companies are still shouting, “Let’s make a deal.” Mergers and acquisitions activity continues to percolate in the fashion world even as the market for initial public offerings is slowing and venture capital firms appear to be shifting from see... Read More

Peter J Solomon Company advises Chico’s on its acquisition of Boston Proper

Peter J Solomon Company advises Chico’s on its acquisition of Boston Proper

  • News
  • August 17, 2011

Chico's FAS, Inc. (NYSE: CHS) announced today a definitive agreement to acquire Boston Proper Inc., a Boca Raton, Florida based privately held direct-to-consumer retailer of distinctive women's apparel and accessories. The $205 million transaction funded from available cash balances is expected to be immediately accretive to Chico's earn... Read More

THE DEAL: Chico’s pays $205 million for Boston Proper

THE DEAL: Chico’s pays $205 million for Boston Proper

  • News
  • August 17, 2011

by Lou Whiteman Clothes retailer Chico's FAS Inc. on Wednesday, Aug. 17, said it would acquire privately held Boston Proper Inc. in a $205 million deal designed to boost its sales of women's fashion. Boca Raton, Fla.-based Boston Proper is a direct-to-consumer retailer of high-end women's apparel and accessories, generating reven... Read More