Target Corp. (NYSE: TGT) today announced
agreements to acquire CHEFS Catalog and assets of Cooking.com in two separate
transactions. The e-commerce acquisitions are aimed at expanding Target’s
presence in the growing cooking and kitchenware market.
Following the closings, the two businesses will be combined to create a new, wholly owned subsidiary of Target. Both brands will continue to operate under their current names. Target believes these transactions present a strategic growth opportunity; however, there will not be any meaningful financial impact to Target’s 2013 results.
Following the closings, the two businesses will be combined to create a new, wholly owned subsidiary of Target. Both brands will continue to operate under their current names. Target believes these transactions present a strategic growth opportunity; however, there will not be any meaningful financial impact to Target’s 2013 results.
