A major retail acquisition has been announced, with Spencer Spirit Holdings, Inc. purchasing Hot Topic, Inc. and its associated brands.

The company behind Spirit Halloween has reached an agreement with Sycamore Partners to buy Hot Topic, along with Her Universe and Box Lunch. The purchase price was reported to be $350 million. With this acquisition, Spencer Spirit Holdings, Inc.

will now operate around 3,000 stores nationwide under six different brands. Further details on the acquisition are available from the source, including information on the company's existing brands such as Spirit Christmas and Spencer's.