Macy’s Agrees to Acquire Bluemercury

Macy’s announced Feb. 3 that it has signed an agreement to acquire Bluemercury—the large and fast-growing luxury beauty-products and spa-services retailer—for $210 million in cash. The transaction is expected to be completed in Macy’s fiscal first quarter, which ends on May 2, 2015, and be accretive to Macy’s earnings in its first full year (fiscal 2016).

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bluemercury Adds Three Stores, More to Come

Luxury-beauty-products and spa-retail chain bluemercury has recently opened three locations, with more planned for 2012.