Corporate and M&A – Page 3
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ArticlePrada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis. The transaction is expected to close in the second half of 2025. “Versace is an iconic Italian fashion luxury house founded 46 years ago ...
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ArticleSemler relocates production to Hungary, cuts 25 jobs in Pirmasens
Carl Semler has decided to relocate most of its production to Hungary in order to secure its competitiveness, said the insolvent German footwear manufacturer. The Pirmasens manufacturing site will be retained, albeit with a reduced workforce. Shoe production will be concentrated in the company’s factory in Pécs, Hungary. This ...
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ArticleCovision Media raises €5m in seed funding round
The Italian startup Covision Media has raised €5 million in a seed funding round. The investment will accelerate the company’s expansion as well as the development and global commercialization of its cutting-edge 3D scanning technology. The seed funding round was led by the Artificial Intelligence Fund of CDP Venture Capital, ...
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ArticleGerry Weber is insolvent again
Gerry Weber has slipped back into bankruptcy less than two years after its last insolvency proceedings, as disappointing Christmas sales and a significant drop in pre-orders for the third quarter of 2025, compared to the previous year, took their toll. The local court in Bielefeld opened insolvency proceedings under self-administration ...
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ArticleForever 21’s US operating company files for bankruptcy
Forever 21’s US operating company filed for bankruptcy about five years after exiting its last Chapter 11 proceedings due to fierce competition from other fast-fashion retailers such as Shein and Temu. F21 OpCo, the operator of Forever 21 stores and licensee of the brand in the US, entered into a ...
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ArticleLudwig Reiter closes historic company headquarters in Vienna
Ludwig Reiter is closing its former headquarters in Vienna’s historic Dreimäderlhaus. After almost 30 years, the Austrian shoe manufacturer will leave the building at Schreyvogelgasse 10 in the Austrian capital’s city center at the end of the month. Built in the late 18th or early 19th century, the two-story townhouse ...
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ArticleGeox sees growth accelerating over the course of five-year industrial plan
Geox expects growth in sales and profits to accelerate over the course of a new five-year industrial plan, as the Italian footwear company moves from an initial phase focused on improving operating efficiency to one characterized by bolstering its presence on key markets and a new push for international expansion. ...
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ArticleMoreschi receives offers to take over its assets
Moreschi, an Italian producer of upscale shoes that was put into liquidation in July 2024, has received several offers for its assets. “We had already received several expressions of interest, the last of which took the form of an offer to acquire the Moreschi and Stemar brands, the 18,000-meter factory ...
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ArticleGörtz announces layoffs as its insolvency crisis deepens
The German shoe retailer Görtz continues to navigate dire straits as it grapples with insolvency issues across multiple fronts. Görtz Retail GmbH announced the layoff of 93 employees, after the Federal Employment Agency rejected the retailer’s application for pre-financing of insolvency benefits, affecting approximately 400 workers. The layoffs ...
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ArticleCaleres buys Stuart Weitzman for $105m
Tapestry has entered into a definitive agreement to sell the Stuart Weitzman footwear brand to Caleres for $105 million. The transaction is expected to close in the summer of 2025. “The acquisition cements Caleres’ leadership position in women’s fashion footwear, particularly in the contemporary segment of the market,” Caleres said ...
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ArticleSteve Madden buys Kurt Geiger for £289m
Steve Madden has entered into a definitive agreement to acquire Kurt Geiger from a group led by the private equity firm Cinven for an enterprise value of approximately £289 million (€347m) in cash. The US footwear group intends to fund the transaction with a combination of debt and cash on ...
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ArticleC-Suite interview: Zhejiang Huanqiu seeks European distributors and an outdoor brand
Zhejiang Huanqiu Shoes Co. Ltd, a Chinese footwear group that owns the Huanqiu and Babaya brands, is seeking distributors in Western Europe, with a focus on France, Italy and Germany as well as an interest in Spain and the UK. The group is also keen on acquiring an outdoor brand ...
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ArticleArchive raises $30m in Series B funding
Archive, a US technology company that powers resale businesses for brands such as Dr. Martens and New Balance, secured $30 million in Series B funding, led by Energize Capital, bringing its total funding to date to $54 million. Other participants included returning investors Lightspeed Venture Partners, Bain Capital Ventures, G9 ...
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ArticlePeter Hahn ends insolvency proceedings
The German clothing firm Peter Hahn has successfully completed its insolvency proceedings under its own management, according to a ruling from the Stuttgart District Court, which has cleared the way for a previously agreed takeover by Wourth Group. Peter Hahn “now has a new investor and thus a long-term perspective ...
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ArticleAlibaba co-founder buys 12% stake in Golden Goose
Blue Pool Capital, a Hong Kong-based investment firm and family office founded by Joe Tsai, the co-founder and Chairman of Alibaba Group, has bought a 12 percent stake in Golden Goose. Oliver Weisberg, Blue Pool Capital’s Chief Executive Officer, will join Golden Goose’s board of directors. Funds advised by Permira, ...
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ArticleGörtz faces insolvency again
One and a half years after the end of its insolvency proceedings, the troubled Hamburg-based shoe retailer Görtz is once again facing bankruptcy. On Jan. 20, the Hamburg District Court appointed the lawyer Gideon Böhm of the law firm Münzel & Böhm as provisional insolvency administrator, after four creditors filed ...
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ArticleSneakersnstuff files for bankruptcy
For the first decade of the millennium, it was the hip Södermalm neighborhood in central Stockholm where the sneaker world turned its attention when it came to product releases for limited-edition shoes. Outside the store of Swedish sneaker retailer Sneakersnstuff, or SNS as the industry, colleagues and sneaker fans all ...
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ArticleGeox plans to raise €60m to finance its business plan
Geox announced a refinancing program that includes €60 million in fresh capital to finance its business plan spanning from 2025 to 2029. The Italian footwear company reached an agreement with a pool of banks – including Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Banco BPM, BPER Banca, ...
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ArticleEquita Smart Capital expands its footwear manufacturing hub
The Italian fund Equita Smart Capital-Eltif, has acquired GT Emme, a producer of insoles and stripes for luxury women’s shoes located in Santa Maria a Monte, near the Tuscan town of Pisa. GT Emme posted sales of more than €5 million in 2023 and has a staff of 33 people. ...
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ArticleHong Fu breaks ground on its Tamil Nadu factory
On Dec. 16, MK Stalin, the Chief Minister of the Indian state of Tamil Nadu, laid the foundation stone for a manufacturing unit of the Taiwanese footwear firm Hong Fu Industrial Group at the SIPCOT Park Industrial Estate at Panapakkam in the Ranipet district. The 1,500 crore rupee (€168 million) ...
