Christian Lacroix, Kapital, Laura Ashley, Stella McCartney, True Religion, Urban Skin RX, Vera Wang, and Vince have new owners. JCPenney has merged with SPARC Group.
2025 Began In A Surge Of Retail Mergers And Acquisitions; JCPenney Into Catalyst Brands The Biggest
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Jan-31
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The beginning of 2025 has been marked by a positive trend of mergers and acquisitions in the retail sector, showcasing the strength and adaptability of the free market. Among these, the merger of JCPenney with SPARC Group stands out as a strategic move to revitalize the brand and secure its future. This wave of mergers is a testament to the robustness of American businesses in navigating economic challenges and leveraging opportunities for growth, innovation, and enhanced customer service.
From Forbes
Jan-31
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In a wave of retail consolidation, several beloved brands like Christian Lacroix and True Religion have been acquired, with JCPenney's merger with SPARC Group marking the largest. Critics argue this trend will stifle competition and lead to significant job cuts, impacting thousands of retail workers across the country at a time when economic inequality is already at alarming levels. Activists are calling for more stringent regulations on mergers to protect jobs and ensure fair competition.
From Forbes