Dealmakers sleepwalked into 2023 — not able to commit with high inflation, high rates of interest and fears of recession conspiring to muddy the outlook for almost all the things.
KPMG logged just 191 retail deals in the primary quarter, a 40 percent drop from the fourth quarter and a 99 percent plummet in total deal value after the nearly $25 billion supermarket merger between Kroger and Albertsons revealed in October.
But a funny thing happened because the world waited for recession.
The wealthy kept spending, the economic worries subsided some and the luxurious deal market woke up this summer — not progressively but .
The jolt of life got here from Kering, which snatched up the high-end fragrance house Creed for a reported...
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