Apparel conglomerate Perry Ellis is under pressure from activists to conduct a review of strategic alternatives and to separate the position of CEO and chairman.
Merger and acquisition activity for the fashion industry will be active during the second half of the year, says Allan Ellinger, senior managing partner at investment bank MMG.
With the retailer's board negotiating with lenders and founder Dov Charney trying to regain control, a sale may be the best bet, industry insiders say.
American Apparel, the Los Angeles-based clothing retailer, is in talks with one of its lenders Lion Capital over a $10 million loan.
Kirkland's Inc., the Nashville-based home decor retailer, could be a potential target for private equity firms in the coming months, according to industry sources.
Lululemon Athletica, the Vancouver-based retailer of yoga-inspired apparel, may be too expensive for private equity buyers, according to industry sources.
Armored AutoGroup, the Danbury, Conn.-based maker of automotive cleaners and fuel additives, is considering a number of options, according to its chief executive.
Private equity firm Sycamore Partners has set its sights on New York-based clothing retailer Express.
SunOpta, the Bramptom, Ontario-based food distributor, has put its Opta Minerals unit back on the auction block, according to the company's CEO Steve Bromley.
U.S.-based retailers, faced with limited growth options domestically, are migrating to Canada to seek new expansion opportunities, says Antony Karabus, CEO of Hilco Retail Consulting.