Business

The CVS/Target Deal Is Just The Beginning: Why Retail Is Ripe For More Mergers And Acquisitions

Published

9 years ago

June 16, 2015

Kyle Yeldell

This March 25, 2014, file photo, shows a CVS store in Philadelphia. CVS Health will buy Omnicare in a deal valued at about $12.7 billion in move to expand its pharmacy services reach into assisted living and senior care facilities. (AP Photo/Matt Rourke, File)

This March 25, 2014, file photo, shows a CVS store in Philadelphia. (AP Photo/Matt Rourke, File)

(Forbes) – Yesterday, CVS Health announced it will acquire Target’s 1,600 pharmacies and 80 clinics for $1.9 billion, with plans to operate them as in-store shops.

Last month, the Ascena Retail Group said it will buy Ann Taylor parent Ann Inc., making the owner of Lane Bryant one of the nation’s largest apparel retailers, amounting to an estimated $7.3 billion in sales and nearly 5,000 stores.

Meanwhile, Back in February, Macy’s revealed plans to buy beauty chain Bluemercury for $210 million.

And there’s more to come.

The retail landscape is poised for a spate of mergers and acquisitions, according to EY’s 12th Global Capital Confidence Barometer, a biannual survey of more than 1,600 executives in 54 countries, including the U.S.

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