All M&A articles

  • News briefs

    Colis Privé moves towards a bourse listing


    The French delivery service Colis Privé said that the French financial market regulator AMF has approved its registration document in view of a possible initial public offering (IPO) on the Paris stock exchange. In 2020, Colis Privé posted sales of €233.8 million while current Ebitda stood at ...

  • News briefs

    Yandex enters the Russian fashion market


    Yandex , a Russian provider of internet services, has completed the acquisition of Private Trade , which operates the online stores KupiVIP and Mamsy . Both sites focus on selling shoes and clothes online, with KupiVIP also managing five brick-and-mortar stores. With the acquisition, Yandex, which runs the ...

  • depop

    Second-hand marketplace Depop bought for $1.625bn


    Etsy , an American e-commerce company focused on handmade or vintage items and craft supplies, is buying Depop , a London-based marketplace for the resale of fashion items, for $1.625 billion consisting primarily of cash. The transaction is expected to close during the third quarter of 2021. Depop will ...

  • News briefs

    Snipes buys the Polish chain Distance


    Snipes, the German-based sneaker and streetwear retail chain owned by Deichmann , is expanding in Poland with the acquisition of the retailer Distance . The deal still has to obtain regulatory clearance and no financial details were released. Distance has been active in Poland since 2003. It has ...

  • News briefs

    Tod’s chairman would sell to LVMH if he sells


    Diego Della Valle , the chairman and main shareholder of Tod’s , said that if he ever decided to sell the company it would be to the French businessman Bernard Arnault . However, he added that he and his family currently have no plans to sell Tod’s. Arnault is ...

  • Chaussea

    Chaussea obtains conditional clearance to buy La Halle stores


    The French competition authority has approved the purchase of 128 La Halle stores by the footwear retailer Chaussea on the condition that it sells four points of sale to guarantee consumer choice in four catchment areas. The antitrust body, called Autorité de la Concurrence, noted that Chaussea ...

  • News briefs

    Bally and Marquee Brands reportedly vying for Sergio Rossi


    Bally and Marquee Brands , a U.S. firm that owns several brands including the Italian shoemaker Bruno Magli , are competing to buy the Italian footwear brand Sergio Rossi from the investment fund Investindustrial , according to the financial information website Mergermarket . According to the website, ...

  • News briefs

    L Catterton completes the takeover of Birkenstock


    The U.S. private equity L Catterton has completed the acquisition of the German footwear company Birkenstock after the deal was approved by the European Commission . The commission concluded that the acquisition ”would raise no competition concerns, given the companies’ moderate combined market positions resulting from the proposed transaction.” ...

  • News briefs

    On Running is again reported to be eyeing an IPO


    On , the Zurich-based sports brand backed by Roger Federer , publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations ...

  • News briefs

    VF divests its occupational workwear operations


    Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The ...

  • News briefs

    Kinetyx gets funding for its “kinesomic sensory insole”


    Kinetyx ’ director, Robin Thurston , believes that every shoe in the world will be fitted with sensors twenty years from now. The Canadian high-tech company , which was spun off by its parent, Orpyx Medical Technologies , nearly one year ago, has secured new funding for its continued R ...

  • News briefs

    Allbirds reportedly preparing for IPO


    Allbirds , the B Corporation certified Californian brand of footwear and apparel, is interviewing banks in preparation for an initial public offering (IPO), according to the DealBook newsletter of The New York Times . The company was last valued at around $1.7 billion in a $100 million ...

  • News briefs

    Sequential sells Heelys for $11m


    The Sequential Brands Group , which is under strong pressure to pay back its debts, has sold the Heelys brand of wheeled shoes to BBC International , a U.S. footwear company that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. Heelys ...

  • News briefs

    ​Snap paid $124.4 million for Fit Analytics


    The American social media company Snap paid $124.4 million to acquire Fit Analytics , a German sizing technology company that powers solutions for retailers and brands, it bought in March 2021. The information was contained in 10-Q form filed with the U.S. Securities and Exchange Commission. Snap added ...

  • tods-logo again

    LVMH hikes stake in Tod’s to 10% and triggers takeover speculation


    Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman ...

  • Hickies

    The Hickies brand of no-tie shoelaces is for sale


    Acting in behalf of Midcap Funding XVII Trust , which is Hickies’ main lender, Hilco Streambank is seeking bids for the acquisition of the American brand of no-tie shoelaces and related assets on its website by May 20 at the latest, setting a date of May ...

  • News briefs

    Steve Madden takes full control of its European unit


    Steve Madden has completed the acquisition of the 49.9 percent stake that it did not already own of its European joint venture. The subsidiary was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. “Since its formation nearly five years ago, ...

  • News briefs

    Boohoo buys new London office for £72 million


    The British online fashion retailer Boohoo has acquired a new office in Soho, in London’s West End for £72 million pounds (€83m-$99m). Since acquiring the Karen Millen and Coast brands in 2019, the group’s presence in London has grown significantly through organic growth and more recently ...

  • News briefs

    Sale of 65% of Garmont completed


    Garmont International reported that the previously announced acquisition of a 65 percent stake in the company’s share capital by Milan-based Riello lnvestimenti Partners SGR has been finalized. Of the remaining 35 percent of the company, Pierangelo Bressan , the current president and CEO, holds a 30 percent stake. ...

  • News briefs

    Asos issues a £500 million convertible bond


    The U.K. online fashion retailer Asos is selling £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall . The proceeds will be used to fund the company’s global growth, as well as the acquisition ...