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Macy’s Buys Blue Mercury

$210 million cash deal for beauty products retailer.

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By: Christine Esposito

Editor-in-Chief

Macy’s, Inc. has inked an accord to acquire Bluemercury, Inc., a beauty products and spa services retailer for $210 million in cash. The transaction is expected to be completed in Macy’s, Inc.’s fiscal first quarter, which ends on May. Bluemercury, based in Washington, D.C., currently operates approximately 60 specialty stores in 18 states, typically in prime street-level locations and urban lifestyle centers. It also has an online business. Products include well-known, luxury beauty brands, as...

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