ACQUISITIONS

During the

second

quarter of fiscal

2015,

the Company acquired Of a Kind, Inc., an e-commerce website that features specially commissioned, limited edition items from emerging fashion and home designers. Since the date of acquisition, the results of Of a Kind’s operations, which were

not

material, have been included in the Company’s results of operations and

proforma disclosure of financial information has been presented. Of a Kind is included in the North American Retail operating segment.

June 13, 2016,

the Company acquired One Kings Lane, Inc., an authority in home décor and design, offering a unique collection of select home goods, designer and vintage items. Since the date of acquisition, the results of One Kings Lane’s operations, which were

not

material, have been included in the Company’s results of operations and

proforma disclosure of financial information has been presented. One Kings Lane is included in the North American Retail operating segment.

November 23, 2016,

the Company acquired PersonalizationMall.com, LLC, an industry-leading online retailer of personalized products, for an aggregate purchase price of approximately

$190.3

million. Since the date of acquisition, the result of PMall’s operations, which were

not

material, have been included in the results of operations and

proforma disclosure of financial information has been presented. PMall is included in the North American Retail operating segment.

During the

third

quarter of fiscal

2017,

the Company finalized the valuation of assets acquired and liabilities assumed. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition.

(in millions)	As of November 23, 2016

Current assets	$	15.5
Property and equipment and other non-current assets		9.3
Goodwill		194.2
Intangible assets		10.4
Total assets acquired		229.4

Accounts payable and other liabilities		(39.1	)

Total net assets acquired	$	190.3

Included within intangible assets above is approximately

$10.0

million for tradenames, which is

not

subject to amortization. The tradenames and goodwill are expected to be deductible for tax purposes.

January 27, 2017,

the Company acquired certain assets including the brand, website and certain intellectual property assets and assumed certain contractual obligations of Chef Central, a retailer of kitchenware, cookware and homeware items catering to cooking and baking enthusiasts. Since the date of acquisition, the results of Chef Central’s operations, which were

not

material, have been included in the Company’s results of operations and

proforma disclosure of financial information has been presented. Chef Central is included in the North American Retail operating segment. (See “Transactions and Balances with Related Parties,” Note

March 6, 2017,

the Company acquired Decorist, Inc., an online interior design platform that provides personalized home design services. Since the date of acquisition, the results of Decorist’s operations, which were

not

material, have been included in the Company’s results of operations and

proforma disclosure of financial information has been presented. Decorist is included in the North American Retail operating segment.