SPACs in US Retail Outlook: Opportunities Remain Despite Challenging Environment

What's Inside

We analyze the outlook for special purpose acquisition companies (SPACs) in a challenging economic environment. We expect the attractiveness of retail companies as mergers and acquisitions (M&A) targets to remain in 2023 and beyond.

Data in this report include:

• US SPACs: IPO/merger counts and IPO values from 2017 to 2022 YTD as of September 30, 2022
• Retail-focused SPAC merger transactions by target industry, January 1–September 30, 2022
• Retail-focused post-merger US SPAC performance, 2022 YTD as of September 30, 2022
• Active and pre-IPO SPACs targeting retail industries in the US, as of October 10, 2022

Companies mentioned in this report include: Adidas, Estée Lauder, Freightos, Hypebeast, Lanvin Group, Macy’s, NIKE, Perfect Corp., Plastiq, Provident Acquisition Corp.,

Other relevant research:

• SPACS in Retail Outlook: Strong Opportunities for Retailers
• Playbook: How Retailers Can Capitalize on Opportunities in M&A and SPACs
• Playbook: How Retailers Can Capitalize on Venture Capital Funding Opportunities