3 in Finance

2/20: Alani Nu (Louisville, KY), an energy drink brand, has agreed to be acquired by competitor Celsius (NAS: CELH) for $1.8B. The combined platform is expected to generate around $2B in annual sales. (Link)

2/13: Kurt Geiger (United Kingdom), a British shoe and accessories brand, has agreed to be acquired by Steve Madden (NAS: SHOO) for $357M. The company had an estimated trailing twelve-month revenue of approximately $500 million. (Link)

2/5: Tempur Sealy (Lexington, KY) (NYS: TPX) has closed its $5B acquisition of bedding retail chain Mattress Firm (Houston, TX). As a result of the transaction, the parent company will change its name to Somnigroup International, and run Tempur Sealy, Dreams, and Mattress Firm as decentralized business units. (Link)

3 for Fun

Amazon surpasses 9 billion Prime deliveries in 2024. (Link)

Shopify revenue grew over 27% in Q4, driven by AI-driven automation tools. (Link)

TikTok Shop unveils highly anticipated subscription feature. (Link)

Big movers — month over month stock performance:

Alibaba gains 42%; Mercado Libre gains 12%; Vipshop gains 9%

The RealReal falls 32%; Wayfair falls 20%; Revolve Group falls 16%