All M&A articles
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ArticleHSG completes the takeover of Golden Goose
On June 24, the Chinese fund HongShan Capital (HSG), formerly known as Sequoia Capital China, completed the acquisition of a majority stake in Golden Goose, an Italian brand of luxury sneakers, apparel and accessories. The Singapore-based investment firm Temasek and its wholly-owned subsidiary, True Light Capital, also completed their investment ...
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Article
Accent rejects Frasers Group’s takeover offer
The Australian sports footwear retailer Accent Group has rejected a takeover offer made by Frasers Group, describing the bid as unsolicited and highly opportunistic. Frasers Group launched a 316 million Australian dollar (€192.5m) bid to buy the remaining 77 percent of shares in Accent it does not already own, ...
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News briefs
Castore takes over Grenson
Castore, a Manchester-based premium sportswear brand founded in 2015, has acquired a controlling 75 percent stake in Grenson, a 160-year-old English leather footwear maker, according to corporate filings at Companies House. The stake was sold for an undisclosed sum by Tim Little, who has has been Grenson’s CEO since ...
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ArticleAeffe expresses particular interest in being taken over by an unnamed industrial player
Aeffe, the troubled Italian fashion group, revealed that it is particularly interested in a non-binding takeover offer for its assets and for its footwear brand Pollini made by an unnamed industrial firm present on the Asian market. “Without ruling out the interest expressed by other parties, at this stage, the ...
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News briefs
Birkenstock issues €900m bond
Birkenstock Holding, the UK-based parent company of the German sandal maker, issued a €900 miillion in 4.500 percent senior notes due 2033 through a wholly-owned subsidiary, Birkenstock Group B.V. & Co. KG. The proceeds of the offering will be used to redeem the €428.5 million of outstanding 5.25 percent senior ...
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ArticleAmerican Exchange Group completes the acquisition of Allbirds’ assets
American Exchange Group (AEG) announced on June 17 that it had completed the acquisition of the intellectual property assets of Allbirds in partnership with WSG Brands, a brand management and licensing platform, and other investors. ”As co-owners of the brand, WSG will serve as a key operating and growth partner, ...
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News briefs
Dr. Martens’ CEO buys shares in the company
Dr. Martens’ Chief Executive Officer, Ije Nwokorie, purchased 112,500 ordinary shares in the British footwear company on June 12 at a price of £0.761 (€0,88) each, according to a stock exchange filing.
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ArticleFrasers plans to take full control of Accent Group
Frasers Group has launched a 316 million Australian dollar (€192.5m) bid to buy the remaining 77 percent of shares in Australian sports footwear retailer Accent Group it does not already own, citing concerns about the company’s performance. The Mike Ashley-owned company is offering 65 Australian cents (€0.40) a share for ...
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ArticleANWR Group sells it software unit EBG Data to TSS
ANWR Group is selling its subsidiary EBG Data GmbH to the Dutch-based software group Total Specific Solutions (TSS). No financial details were released. “With this acquisition, TSS DACH further strengthens its proposition for the retail industry, allowing the ANWR Group to focus on its core business,” TSS said in a ...
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ArticleC-Suite interview: Nice Footwear moves forward with industrial strategy with new Corrado Maretto plant
When Nice Footwear purchased the luxury women’s footwear manufacturer Corrado Maretto from the founding family at the end of 2024, it also committed to investing in a suitable facility to meet the manufacturer’s production needs and those of the luxury brands for which it produces. Founded by its namesake in ...
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ArticleAsics to spin off Onitsuka Tiger
The brand grew 43 percent last year with a 38 percent margin: now it gets its own company.
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ArticleFootasylum enters strategic patnership with Trapstar
Footasylum has struck a “strategic partnership” with the British streetwear brand Trapstar, which had entered into administration in May. The transaction comprised a sale of Trapstar’s business and assets and was overseen by Will Wright, Howard Smith and Rebecca Makaruk from the restructuring consultancy Interpath, who were appointed joint administrators ...
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News briefs
Ferragamo launches €53m share buyback
Salvatore Ferragamo announced an up to €53 million share buyback that will run until Oct. 22, 2027. The Italian broker Intermonte views the buyback as positive, as it indicates shareholder confidence in the group’s future prospects.
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ArticlePidigi sees Sympatex takeover as a ‘strategic milestone’ for its international expansion
Pigidi sees the acquisition of Sympatex as “a natural evolution” of the long-standing relationship between the two companies and “marks a strategic milestone in Pidigi’s international growth path,” unlocking “strong industrial and commercial synergies across footwear, apparel and technical applications.” A previously reported, Pidigi, an Italian family-owned company, ...
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News briefs
Brunt reportedly valued over $1bn
Brunt Workwear, a US work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the privately-owned company over $1 billion, the news agency Reuters reported citing sources familiar with the matter. The company is working with the investment bank JPMorgan on ...
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News briefs
Authentic Brands Group buys Lee
Kontoor Brands has signed a definitive agreement to sell the Lee business to Authentic Brands Group (ABG) for up to $1 billion, including an initial payment of $750 million and up to $250 million in earnouts in future years based on the performance of the denim and lifestyle brand under ...
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News briefs
Birkenstock launches $250m share buyback
Birkenstock Holding, the UK-based parent company of the German sandal maker, has entered into a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International. “Short-term market dynamics have resulted in what we believe is a strong disconnect between our share price and the strength of our underlying fundamentals”, ...
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News briefsScholl’s Wellness Company buys the insole brand VKTRY
Scholl’s Wellness Company, the parent company of the Dr. Scholl’s brand and a portfolio company of Yellow Wood Partners, acquired VKTRY, a US performance insole brand designed for athletes. Terms of the transaction were not disclosed. VKTRY was founded and operated by the Arciuolo family in Milford, Connecticut. “Athletes are ...
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News briefs
The Smith family increases its stake in Shoe Zone
On aggregate, the Smith family has increased its stake in Shoe Zone to 29,620,181 ordinary shares, representing 64.08 percent of the total voting rights of the British footwear retailer, from 26,860,251 shares, totalling 58.11 percent of voting rights. Shoe Zone disclosed that on May 19, Charles Smith, the Chairman, and ...
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ArticleLVMH sells Marc Jacobs for $850m
LVMH has signed a definitive agreement to sell the Marc Jacobs brand to the management firm WHP Global. G-III Apparel Group will join WHP Global in its ownership of the Marc Jacobs brand. G-III will also acquire and operate certain parts of the brand’s global direct-to-consumer and wholesale businesses. Together, ...
