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Retailer At Home Group reportedly explores sale

Key Points
  • At Home Group is exploring options that include a potential sale of the U.S. home decor retail chain, as the poor performance of its stock has turned it into an acquisition target.
  • The deal deliberations come as the Plano, Texas-based company is trying to reinvent its offerings amid increasing competition from other brick-and-mortar retailers as well as e-commerce firms.
  • At Home Group is working with Bank of America to engage with potential buyers
Source: At Home

At Home Group is exploring options that include a potential sale of the U.S. home decor retail chain, as the poor performance of its stock has turned it into an acquisition target, people familiar with the matter said on Thursday.

The deal deliberations come as the Plano, Texas-based company is trying to reinvent its offerings amid increasing competition from other brick-and-mortar retailers as well as e-commerce firms.

At Home Group is working with Bank of America to engage with potential buyers, the sources said, cautioning that no deal is certain and asking not to be identified because the matter is confidential.

At Home Group did not respond to requests for comment. Bank of America declined to comment.

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Key Points
  • Major consumer and retail companies are looking to mergers and acquisitions to strengthen their portfolios in the face of an anticipated economic slowdown by the end of 2019, according to consulting firm A.T. Kearney.
  • Consumer packaged goods companies and retailers also saw a drop in M&A activity from $392 billion in 2017 to $308 billion in 2018.
  • One factor is the absence of "megadeals" valued at more than $30 billion.
  • Consumer and retail companies are also using deals to provide customers with a way to offer a distinct customer experience, rather than build scale.