Corporate and M&A – Page 11
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ArticleStockX'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, ...
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ArticleRizzo 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 ...
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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 ...
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ArticleJD 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 ...
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ArticleItalian 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 ...
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ArticleHeinrich 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 ...
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ArticleThe 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 ...
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ArticleBirkenstock 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 ...
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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 ...
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ArticleSchuhkay 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 ...
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ArticleKuehne+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 ...
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ArticlePeter 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 ...
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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 ...
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ArticleLectra 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 ...
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ArticleBoohoo 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 ...
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ArticleBirkenstock 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 ...
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ArticleJD 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 ...
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ArticleAsos 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 ...
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ArticleJD Sports continues U.S. expansion with DTLR acquisition
After the recent acquisition of Shoe Palace, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa . Based in Baltimore, and currently majority owned by the New York-based private equity firms BRS Co. and ...
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ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia- owned brands: Dorothy Perkins , Wallis and Burton . In a filing with the London Stock Exchange , Boohoo stressed that no deal is guaranteed. The acknowledgement came ...
