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January 10, 2022updated 28 Jan 2022 6:06am

American Eagle Outfitters completes Quiet Logistics deal

US fashion retailer American Eagle Outfitters (AEO) has completed the acquisition of Quiet Logistics and strategic investments for about US$360m in cash.

By Beth Wright

American Eagle Outfitters says Quiet Logistics will be a wholly-owned AEO subsidiary and will continue to run its business independently. The network will support AEO’s continued growth, while also driving economies of scale as it expands its customer base to other brands and retailers seeking advanced logistics capabilities.

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Quiet Logistics is a logistics company that operates a network of in-market fulfilment centres in Boston, Chicago, Los Angeles, Dallas, St Louis and Jacksonville, locating products closer to need, creating inventory efficiencies, cost benefits, and affordable same-day and next-day delivery options to customers and stores.

“I am thrilled to officially welcome Quiet Logistics into the AEO Inc portfolio, cementing a collaborative partnership that has meaningfully contributed to our financial results over the past 18 months,” says Jay Schottenstein, AEO’s executive chairman of the board and CEO. “AEO’s unique ability to reduce delivery costs amid rising inflation is a direct reflection of the efficiencies provided by their innovative fulfilment model. Quiet Logistics has a highly experienced supply chain leadership team and I look forward to their partnership as we continue to drive operational excellence and grow the platform into a meaningful business.”

The acquisition comes after AEO acquired AirTerra, a start-up founded by a former Nordstrom supply chain chief, last August.

AEO recently reported third-quarter total net revenue of US$1.27bn, marking a 24% increase on the prior-year period. Net income, meanwhile, was $152.22m, compared to $58.11m last time.

 

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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