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Target Corp Announces Acquisition Of CHEFS Catalog And Assets Of

Thursday, 14 Mar 2013 12:00pm EDT 

Target Corp announced agreements to acquire CHEFS Catalog and assets of 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. Both transactions are expected to close within 30 days. Financial terms are not being disclosed. 

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1.35 +2.24%
4:02pm EDT