Friday, November 2nd, 2018

Canada Goose acquires a Footwear Company
Press Release

The winter clothing fashion brand announced that it has acquired Baffin, a “Canadian designer and manufacturer of performance outdoor and industrial footwear”.

The $32.5 million Canadian dollar deal looks to help Canada Goose expand its product portfolio to footwear. Baffin sells its products primarily through distributors and retailers in Canada and the United States.

According to a company press release, Baffin will become a “new wholly owned subsidiary of Canada Goose” and will “operate on a stand-alone basis out of its headquarters in Stoney Creek, Ontario.”

Zillow Group Completes its Acquisition of Mortgage Lenders of America
Completion Announcement
Acquisition Announcement

The company announced in a press release that it has officially completed its acquisition of Mortgage Lenders of America.

The deal which was originally announced last August will help Zillow get into the mortgage business and “streamline and shorten the home-buying process for consumers who purchase homes through Zillow Offers.”

Mortgage Lenders of America will continue to operate from its Kansas headquarters. Financial terms of the deal were not disclosed.

Adobe Predicts That Over $120 Billion in US Online Sales Will be Generated This Holiday Season
Press Release

The company announced that it forecasts US companies to reach $124 Billion in online sales between November 1st and December 31st of this year.

According to a company press release, “nearly one out of five dollars this holiday season will be spent between Thanksgiving Day and Cyber Monday, generating $23.4 billion or 19 percent of total online sales.”

The company stated that its “analysis spans large, medium and small retailers across over 50 merchandise categories”.