Washington — Data from the U.S. Census Bureau shows that retail sales in October showed an unadjusted increase from both September and Oct. 2012. According to the National Retail Federation (NRF), excluding automobiles, gas stations and restaurants shows a 2.5 percent seasonally adjusted increase from September and a 4.2 percent unadjusted increase from 2012.
The agreement reverses Advansa’s licensed rights in Europe to two of Invista’s apparel brands, Coolmax and Thermolite. Invista also acquires Advansa’s Thermolite brand in the deal, including all technologies and staff related.
Through the deal, Invista does not acquire Advansa’s branded home textiles fiberfill business, its specialty fiber businesses for nonwovens and paper industries, or its manufacturing plant in Germany.
The world's largest agriculture business, Monsanto, has acquired the Climate Corporation for $930 million. There is speculation that the all cash deal is actually north of a billion dollars, which includes a retention plan paid out over several years. Climate Corporation specializes in agriculture analytics and risk management. The deal comes after Monsanto reported a larger than expected 4th quarter loss of $249 million.
Rye, N.Y. -- Jarden Corporation is upsizing its public offering from 11.6 million shares to 15 million, priced at $47 per share. The company expects to collect $678.7 million, or more up to $781.4 million, if underwriters buy additional shares. Jarden will use the funding to finance its acquisition of Yankee Candle Investments. The company plans to purchase Yankee Candle for $1.75 billion in cash.
Washington, D.C.,-- This month, the Outdoor Foundation’s 2013 Outdoor Recreation Participation Report revealed that the number of individuals participating in outdoor events hit a six year high in 2012. The report showed that 142 million Americans ages six and up enjoyed the outdoors, for an increase of 800,000 outdoor participants over the 2011 figures.
Washington, D.C. – The National Retail Federation (NRF) reports that the consumer economy is improving, but at a reserved rate. According to the NRF, consumer spending and retail sales ended the second quarter gently.
The numbers released by the U.S. Department of Commerce and U.S. Census Bureau show that June retail sales (not including automobiles, gas stations and restaurants) increased 0.6 percent seasonally adjusted from May and three percent unadjusted year-over-year.
Toronto, Ontario – Canadian private equity firm, Onex Corporation, has completed its purchase of Nielsen Expositions, the owner of Outdoor Retailer and a series of other trade shows, for $950 million. As per the completion of the sale, Nielsen Expositions has been renamed Emerald Expositions.
Onex has approximately $16 billion of assets under management. Its businesses have assets of $44 billion, generate annual revenues of $37 billion and employ approximately 243,000 people worldwide. The company's shares trade on the Toronto Stock Exchange under the stock symbol OCX.