Movado Group Acquires MVMT Watches
The company announced that it has entered into a definitive agreement to acquire MVMT, a lifestyle brand focused on watches.
The acquisition helps Movado Group reach a Millennial consumer-base with global growth potential. It also accelerates the company’s digital strategy.
The deal is worth approximately $100 million.
BestBuy Acquires a Health Services Provider
The company announced that it’s acquiring GreatCall, a health services provider, for $800 million in an all-cash deal.
The acquisition is part of Best Buy’s 2020 strategy to address the growing needs of an aging population with the help of technology products, services, and solutions.
GreatCall provides connected health and personal emergency response services to an older demographic. It serves approximately more than 900,000 paying subscribers.
Coca-Cola Acquires a Minority Stake in BODYARMOR Sports Drink
Coca-Cola announced that it will acquire a minority ownership stake in BODYARMOR, a fast-growing premium sports drink company.
The deal provides BODYARMOR with access to Coca-Cola’s U.S. bottling system with future potential for global expansion.
Terms of the deal were not disclosed.
The matchmaking company announced that it’s launching Bumble Fund, an investment fund focused on early-stage companies, primarily founded and led by women of color and those from underrepresented groups.
TechCrunch reports that the investments will range from $5,000 to $250,000.
Amazon is Reportedly in Talks to Purchase a Movie Theatre Chain
Bloomberg reports that the company is in early stage discussions to acquire Landmark Theatres, citing sources familiar with the matter.
The deal could propel the tech giant’s efforts in the media space and expand its operations in the physical space outside of its Whole Foods acquisition.
The Mark Cuban backed movie theatres operate 50 theatres in 27 cities.