Corporate and M&A – Page 22
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Footway bids for Sportamore
The Footway Group, a Swedish online shoe retailer that is expanding internationally, announced on Feb. 17 that it wants to buy Sportamore, a leading Swedish online retailer of sports products. Footway has offered to pay 439 million kronor (€41.5m-$44.9m) in cash and shares for Sportamore, or a premium of around ...
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Change of control for Baldinini
An Italian investment company, Finross, is taking over the control of Baldinini, the well-known Italian shoe company. According to a local newspaper, Il Resto del Carlino, Finross, which is owned by the Rossetti family and based in Bologna, is acquiring a 60 percent stake in the 110-year-old company for €13 ...
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Shandong Ruyi fails to complete Bally’s takeover
It’s not clear at this stage whether Shandong Ruyi will be the new owner of Bally. The Chinese textile and clothing manufacturer has failed to obtain financing to complete the $600 million acquisition of the Swiss shoe brand, according to the Reuters. Bally confirmed that the deal that was announced ...
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Italian fashion groups cut costs to mitigate coronavirus impact
Tod’s, Salvatore Ferragamo, Prada and Aeffe, which are all listed companies, have announced measures to cut costs in order to mitigate the impact of the novel coronavirus epidemic, which has affected sales and manufacturing. Tod’s noted that the arrival of the novel coronavirus, known as Covid-19, has forced it ...
