CHICAGO – The retail industry is poised for another year of mergers and acquisitions, most likely led by strategic buyers, according to the BDO Retail Compass Survey of CFOs from BDO USA. The survey of chief financial officers from 100 large retailers revealed that nearly all retail CFOs (94%) expect merger and acquisition activity will increase or remain steady in 2013. Retailers seeking omni-channel capabilities could drive strategic deals in the year ahead, BDO reported. The survey found that 59% of CFOs expect most deals to be strategic in 2013, vs. 41% who predicted financial buyers would dominate the deal market. A separate report from the Food Institute, Upper Saddle River, N.J., noted that food-industry merger activity declined in 2012, with 301 deals completed, down about 21%. “Fiscal uncertainty and frustration with Washington politics created a hesitant approach to M&A among investment firms and private capital in 2012,” said Henry Mollman, a Food Institute analyst.
Related story: Stores for Sale? Let's Make a Deal
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.