M&A deal volume and values are up 60 percent and 160 percent, respectively, from a year ago, according to a third-quarter update from professional-services firm PwC.
PwC, formerly referred to as PricewaterhouseCoopers, said that for the three-month period ended Sept. 30, there were 32 deals in the retail and consumer sector with values greater than $50 million, which accounted for $19.8 billion in deal value in the period. That compares with 20 deals worth $7.6 billion in the same period last year. In addition there were six megadeals with values of $1 billion or more, representing $13.9 billion, versus three such transactions last year totaling $4.3 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"