Corporate and M&A

  • Birkenstock shoes

    Birkenstock assigned a ‘B’ rating by S&P


    The rating agency S P Global assigned a ‘B’ rating with a stable outlook to BK LC Lux Finco 1 Sàrl , the parent company of Birkenstock . The rating comes after the private equity firm L Catterton and its affiliates, including Financière Agache , the investment ...

  • genesco

    Activist shareholder seeks to take control of Genesco’s board


    Legion Partners Asset Management , which owns 5.6 percent of Genesco ’s capital, is seeking to take control of the eight-member board of the American footwear firm with the intention of boosting the company’s earnings and share performance. Legion is proposing the election of seven nominees - Marjorie Bowen ...

  • StockX picture

    StockX's value surges to $3.8 billion


    StockX , the American online market for sneakers, raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors and of a new institutional investor, ...

  • VRG Rizzo

    Rizzo Group to undergo another restructuring


    Rizzo Group , formerly known as Venue Retail Group , has applied for a new corporate reorganization with a Stockholm-based court. The decision follows a “sharp drop in sales” due to harsher restriction measures following a second wave of the Covid-19 pandemic from October 2020. The request comes ...

  • Article

    Li Ning’s SPAC files for a $250 million IPO


    Trinity Acquisition has filed with the U.S. Securities and Exchange Commission ( SEC ) to raise up to $250 million in an initial public offering (IPO) of 25 million units at $10. The special purpose acquisition company (SPAC), based in Hong Kong, is led by Li Ning , the ...

  • JD Sports

    JD expands in Central and Eastern Europe


    Pursuing its international expansion, JD Sports Fashion has signed an agreement to acquire a 60 percent stake in the Marketing Investment Group (MIG) , a wholesaler and multi-channel retailer with a network of 410 retail stores in Poland and eight other neighboring countries. The deal is due to be ...

  • Louboutin

    Italian industrial dynasty buys 24% stake in Christian Louboutin


    The Dutch incorporated holding company Exor will invest €541 million to buy a 24 percent stake in the French luxury shoe maker Christian Louboutin , which is controlled by the founders. The transaction is expected to close in the second quarter and Exor will have the right to ...

  • ​Heinrich Dinkelacker

    Heinrich Dinkelacker completes relocation of production to Spain


    Heinrich Dinkelacker , the traditional brand of high-end men’s shoes, has left Budapest for good, after relocating production to Almansa, Spain last year. The gradual move from Hungary to Spain began two years ago. The company said that the relocation was due to personnel and infrastructure problems in Budapest ...

  • peter-kaiser-schuhfabrik

    The Peter Kaiser brand is saved, but the German factory will be closed


    The insolvent women’s shoe manufacturer Peter Kaiser is being partially taken over. The managing director, Stefan Frank , and the investors Hans-Joachim and Gisela Sander , from the founding family of the Darmstadt-based hair care giant Wella Group , have agreed to buy the brand and other assets ...

  • Birkenstock shoes

    Birkenstock is taken over by companies linked to LVMH


    Birkenstock is being taken over by investment companies linked to the French businessman Bernard Arnault , the controlling shareholder and head of the French luxury goods group LVMH . The transaction will enable the German family-owned sandal maker to expand in Asia. Under the deal, the private equity ...

  • Article

    Scholl and Dr. Scholl’s are reunited under a single ownership


    Reckitt Benckiser (RB), a British producer of consumer goods, is selling the footcare brand Scholl to Yellow Wood Partners , a Boston-based private equity firm which already owns Dr. Scholl’s . The sale includes RB’s Amopé , Krack and Eulactol footcare brands and is expected ...

  • Schuhkay

    Schuhkay ends bankruptcy proceedings after acquisition


    The Hamburg-based footwear retailer Schuhhaus Kay GmbH Co KG ended its bankruptcy proceedings and completed its overhaul as part of an asset deal. The company went into bankruptcy in November 2019 and proceedings were opened in early 2020. On Feb. 12, Berlin entrepreneur Steffen Liebich ...

  • Kuehne logo

    Kuehne+Nagel buys a Chinese freight company


    The Swiss logistics group Kuehne+Nagel has entered into a binding agreement to acquire the Chinese freight forwarder Apex International Corporation . No financial details were released. Apex was founded in 2001 and has about 1,600 employees. It generates yearly revenues in excess of €1.9 billion. In 2020, the ...

  • peter-kaiser-schuhfabrik

    Peter Kaiser confirms sales talks with potential investor


    The ailing women’s shoe manufacturer Peter Kaiser Schuhfabrik could be close to at least a partial rescue by the hands of a financially sound investor. The German company’s general representative Martin Mucha , from the law firm Grub Brugger , and trustee Günter Staab , from Staab ...

  • Article

    ACBC raises €3.2m through new capital hike


    ACBC , a Milan-based start-up company that is offering a modular footwear technology, completed a €3.2 million capital increase which attracted a string of investors, including the venture capitalist Boost Heroes , the online investing platform Doorway and the Italian government-controlled financial group Cassa Depositi e Prestiti through ...

  • Lectra logo

    ​Lectra plans to buy Gerber Technology


    Lectra has reached a preliminary agreement to buy the whole capital of the American company Gerber Technology in a cash and stock deal worth about €300 million. Both companies produce laser cutting machinery used by shoemakers. Under the proposed deal, Lectra would buy Gerber for €175 million ...

  • boohoo logo

    Boohoo buys Dorothy Perkins, Burton and Wallis for £25m


    The British online fashion retailer Boohoo is buying the Burton , Dorothy Perkins and Wallis brands for £25.2 million (€28.7m-$34.5m), completing the breakup of Arcadia , the retail empire of businessman Philip Green , which had to file for bankruptcy in November 2020. The ...

  • Birkenstock shoes

    Birkenstock hikes investments, scales up production in Germany


    The German footwear brand Birkenstock is stepping up investments and expanding its production capacity as global demand continues to grow despite the coronavirus pandemic. As production runs at near full capacity, the company plans to expand its site in Görlitz, in the Saxony region, its largest production site ...

  • JD Sports

    ​JD Sports on the hunt for more purchases after £464m cash call


    JD Sports Fashion is on the hunt for more acquisitions after raising £464 million (€529m-$634m) through a placing of new shares on the London Stock Exchange on Feb. 4. The company said that 58.4 million shares were placed at 795 pence each (€9-$10.8), representing about 6 percent of ...

  • Asos logo

    Asos buys four Arcadia brands in £330m deal


    The British online retailer Asos has snapped up Arcadia ’s fashion brands Topshop , Topman , Miss Selfridge and the sportswear brand HIIT from the administrators Deloitte in a deal worth about £330 million (€373.0m-$451.1m). Arcadia collapsed in November 2020. The deal, funded out of ...