Mergers & Acquisitions

The board of ODP, Office Depot’s parent company, has agreed to split into a retail company and a distribution and contract business.

The retailer has acquired virtual fitting room provider Zeekit, which will enable shoppers to virtually try on its own brands before buying and share images socially with friends.

The rejuvenated home store has added Stacey Shively, a former Target and JCPenney executive, to the role of SVP, general merchandise manager.

The triple-digit online sales growth for the period piggybacks off triple-digit online sales growth in Q4 2020, and Ahold gained further increases from its acquisition of Fresh Direct in the fall.

Mitch Madoff joins the upscale corner store retailer after 20 years with Whole Foods. The retailer also appointed Tae Strain of Momofuku to craft private brand offerings.

David McInerney co-founded FreshDirect in 1999; the company was acquired by Ahold Delhaize last fall.

Private label spices and seasonings manufacturer Olde Thompson is being acquired by OFI for roughly $950 million through its Olam Holdings subsidiary. 

Trace One is one of the world’s largest retail business platforms that enables collaboration around CPG products and private label.