All M&A articles
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ArticlePrimark to demerge from its parent company
Primark’s owner Associated British Foods (ABF) is demerging the budget clothing chain from its food operations after a review of the group’s structure, despite warning that the US-Iran conflict would hit consumer spending and raise prices. Wittington Investments - the holding company of the Weston family which controls the conglomerate ...
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ArticleJack Schwartz Shoes integrates Deer Stags into its portfolio
Jack Schwartz Shoes has integrated Deer Stags into its portfolio. Jack Schwartz Shoes owns and operates Lugz and British Knights, along with licensed footwear for Lee and Ben Sherman. Deer Stags, which was founded as a brand in 1929, has been carried forward by the Muskat family for decades, providing ...
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Mirza International’s head buys Solethreads
Sumant Kakaria, the CEO and co-founder of Solethreads, announced that he has sold the Indian brand to Tauseef Mirza, the Managing Director of Mirza International. No financial details were released. Solethreads was founded in 2020 by Kakaria, Gaurav Chopra, Aprajit Kathuria and Vikram Iyer. The brand started with flip-flops, ...
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ArticleAdvance Capital Partners, Mass complete the acquisition of Leder & Schuh
The acquisition of Austrian footwear company Leder & Schuh by the Slovenian private equity firm Advance Capital Partners and the Slovenian retailer Mass has been completed “following the fulfilment of all conditions and the receipt of approvals from relevant competition authorities,” Advance Capital said in a statement. Leder & Schuh ...
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ArticleAmerican Exchange Group to buy Allbirds for $39m
American Exchange Group entered into an agreement to buy all of Allbirds’ intellectual property as well as certain other assets and liabilities for $39 million. The price tag is a far cry of the more than $4.0 billion market capitalization the California-based producer of Wool Runner merino shoes, and other ...
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ArticleBär acquires the comfort shoe brand Ströber after insolvency
The German shoe manufacturer Bär Schuhe has taken over Ströber, following the comfort shoe company’s insolvency last year, and said it aims to reposition it strategically by combining the strengths of the two brands. Ströber models will be manufactured in Bär’s own production facilities, a move expected to streamline ...
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ArticleChaussea takes over Kickers as Royer goes into liquidation
Groupe Royer, which was struggling with its debt burden, has gone into liquidation. Chaussea will be taking over part of the assets, including the brand Kickers. In October 2025, Royer was placed into receivership by a commercial tribunal based in Rennes, Brittany, the region where the French footwear company ...
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News briefs
Soles4Souls buys Erren Recondition
Soles4Souls, a US nonprofit organization turning shoes and clothing into opportunity, has acquired Erren Recondition, a European leader in footwear and apparel reconditioning. No financial details were released. Soles4Souls said that the acquisition significantly expands its ability to help brands and retailers extend product life, reduce waste and create economic ...
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ArticleRoots explores a possible sale
Roots has initiated a strategic review that includes the possibility of being sold. The Canadian lifestyle brand has hired J.P. Morgan Securities Canada Inc. as its financial advisor and Torys LLP as its legal advisor for the review. The company said that it has decided to publicly announce the ...
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ArticleAeffe receives expressions of interest from investors, plans to pick a buyer by end May
Aeffe, the troubled Italian fashion group that owns the luxury footwear brand Pollini, has received several non-binding expressions of interest from Italian and foreign investors with experience in the fashion industry. Aeffe also owns the high-profile brands Alberta Ferretti and Moschino. The information was released by Mimit, the Italian ministry ...
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JD launches a £200m share buyback
JD Sports Fashion intends to return £200 million (€228 million) of capital to shareholders through share buybacks in fiscal 2027. The program will commence immediately and initially involve the purchase of ordinary shares with an aggregate value of up to £100 million (€114m), and is expected to complete no later ...
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ArticleGordon Brothers buys Chinese Laundry after acquiring LK Bennett
Gordon Brothers, a US investment firm, has acquired the Chinese Laundry brand and related trademarks from CELS Brands with the ambition of providing “a growth platform for the contemporary footwear brand.” It also helped the brand sell its footwear inventory. “We’re proud to provide a complete solution for the assets ...
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ArticleDebenhams plans £35m equity raise to bolster balance sheet
Debenhams Group, formerly known as Boohoo, is raising £35 million (€40m) from shareholders in an attempt to cut debt and accelerate its turnaround plan. Debenhams Group, which owns the brands Boohoo, Debenhams, Oasis, Warehouse, Pretty Little Thing and Karen Millen, said it would cut costs, sell off a distribution center ...
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Frasers Group takes control of Maxi Sport
Frasers Group confirmed the acquisition of a majority stake in Maxi Sport, marking another step in the UK-based retailer’s expansion across mainland Europe. The deal was publicly referenced by Frasers’ CEO, Michael Murray, in a LinkedIn post outlining the strategic rationale behind the investment. The transaction gives Frasers control of ...
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The German shoe retailer Sutor is taken over by the businessman Steffen Liebich
Steffen Liebich, a Berlin entrepreneur, has taken full ownership of the German shoe retailer Sutor Group, according to media reports. Founded in 1934, the Landshut-based retailer operates 41 stores under the Sutor and Happy Schuh brands, as well as the sutor.de online shop, and employs around 400 people. ...
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Anta Sports buys a 29.06% stake in Puma for €1.5bn
Anta Sports Products has reached an agreement with Groupe Artémis, the investment company of the Pinault family, to acquire a 29.06 percent stake in the German sportswear group Puma. The stake is valued at €1.5 billion in cash. “The transaction marks a significant step in Anta Sports’ globalization strategy, further ...
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Bureau Veritas buys Italy’s Spin360
Bureau Veritas, a French testing, inspection and certification services group, has acquired Spin360, an Italian consulting firm specialized in sustainable innovation and development for fashion and luxury brands. Spin360 designed VCS (Verified & Certified Steps), a software package allowing the self-assessment of environmental, social and governance (ESG) performances launched in ...
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Pakistani’s SGFL forms joint venture with China’s Golden Star Footwear Group
Service Global Footwear Limited (SGFL), Pakistan’s largest footwear exporter, has entered into a joint venture agreement with Golden Star Footwear Group Limited, a Chinese company, to establish a manufacturing and export project for non-leather footwear in Pakistan. SGFL will hold a 51 percent stake in the joint venture and Golden ...
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ArticleNext buys UK shoe retailer Russell & Bromley for £2.5m
Next is buying the struggling footwear chain Russell & Bromley in a £2.5 million (€2.87m) pre-packaged bankruptcy deal that puts 33 shops and 440 jobs at risk. Under the terms of the deal Next will acquire the 145-year-old, family-run firm’s brand and other intellectual property, as well as three out ...
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Neeman’s raises $4m in funding round
The Indian footwear Neeman’s raised $4 million in its latest funding round. The round included an investment of $1.8 million from the SNAM Group, as well as the participation of existing investors Anicut Capital, Enam Investments and Sharrp Ventures. Founded in 2017 by Taranjeet Singh Chhabra and Amar Preet ...
