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Business

Mergers & Acquisitions

Hot Topic acquires certain assets of the apparel and accessories brand Her Universe from founder Ashley Eckstein and The Araca Group. The pop culture retailer will operate the brand’s ecommerce and wholesale business as a division. Her Universe will continue to be a stand-alone brand that is available at multiple retailers and on HerUniverse.com.Hasbro has boosted its games portfolio with the acquisition of three new titles: Hex Casters, Acquire and Snake Oil.

The British Museum secures Alifish, Alibaba’s online licensing platform, as its Chinese e-retailing and merchandise licensing partner. The branded store will be hosted on online marketplace Tmall.com. The deal includes a range of physical retail outlets to be launched by Alfilo Brands, a licensee of British Museum in China.

Bravo Sports Corp. acquires Nutcase, the Portland-based brand known for colorful eye-catching helmets designed for the urban cycling revolution.

Sony Pictures Television Networks takes a minority stake in Hopster, a global preschool SVOD platform, becoming a strategic equity investor and taking a seat on the company’s Board. Sony’s linear and AVOD services include POP, Tiny Pop, and Kix.

High street toy retailer The Entertainer will open the first of three European stores in Cyprus next month as part of a franchise partnership with Ermes Group.

Macy’s sells five stores to General Growth Properties. Three of those—in North Carolina, Kentucky, and Virginia—are set to close permanently in spring 2017, with the remaining two continuing to operate.

Rainmaker Entertainment acquires New York-based animation studio and multi-channel network Frederator Networks and Canadian kids production company Ezrin Hirsh Entertainment. The trio will combine to form WOW! Unlimited Media. Rainmaker and Frederator will continue to operate under their current names, taking $12.7 and $3.9 million in equity, respectfully.

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