Monday, October 15th, 2018

Walmart Acquires an Intimates Fashion Brand
News Release

The retail giant announced that it has acquired Bare Necessities, an intimates fashion eCommerce brand.

The company was founded in “1998 and offers more than 100,000 SKUs from more than 160 brands, including an extensive assortment of bras, swimwear, shapewear, and sleepwear.” The deal gives Walmart “deep category expertise, a content offering designed to educate intimates shoppers, as well as strong brand relationships and operational capabilities.”

Financial terms of the deal were not disclosed.

Wynn Resorts Partners with a European-based Sports Betting Company
Press Release
Reuters: Sports Gambling in the US

Wynn Resorts announced that it’s teaming up with Betbull “to pursue sports betting opportunities in the emerging U.S. market.”

The move helps both organizations capitalize on the recently legalized sports betting industry in the United States.

As part of the deal, Wynn Resorts will make a minority investment in and own 22.5% of Betbull.

SmileDirectClub Announces New Funding
Press Release

SmileDirectClub, a teeth alignment company, announced that it received $380 million in funding. The new funds now value the company at $3.2 billion. The deal will help SmileDirectClub invest in innovation, invest in research and development, and expand internationally.

The company, which was founded in 2014, stated that it “has straightened more than 300,000 smiles, has hired more than 3,200 employees, and is currently profitable.”

It has also opened more than 150 retail locations across the United States since 2016.