All M&A articles
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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 ...
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ArticleThe US kids footwear brand jbrds is up for sale
Mike Gugat, the co-founder and CEO of jbrds, a US brand of children’s shoes, announced that the company is up for sale. “After building, launching, and validating jbrds, it’s clear that what we’ve created is more than just a standalone brand; it’s a platform for helping kids start off on ...
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ArticleMarubeni buys Gola as it expands its lifestyle business
Marubeni, a Japanese trading and investment group, has acquired Jacobson Group, a British company that owns and operates six footwear brands, including its flagship label Gola, a sneaker brand founded in 1905. No financial details were released. Jacobson distributes its products in more than 30 countries primarily across the UK, ...
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ArticleKybun Joya revives Switzerland’s oldest shoe brand Elgg
Switzerland’s oldest shoe brand is set for a comeback after more than two decades. The Swiss group Kybun Joya has acquired the traditional combat boot brand Elgg and plans to resume production in Switzerland, reviving a name closely associated with the Swiss Army. Elgg was best known for producing the ...
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Bain Capital acquires South Korean activewear firm Echo Marketing
Bain Capital is acquiring the South Korean activewear company Echo Marketing, owner of the popular athleisure brand Andar, in a deal valued at approximately KRW497 billion (€327 million). The US investment firm will purchase a 43.7 percent stake in Echo Marketing from the company’s founder and another shareholder for KRW216.6 ...
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ArticleThe Platform Group takes over 43einhalb
The German e-commerce company The Platform Group (TPG), the owner of the online footwear retailer Schuhe24 and other e-commerce platforms, is buying a majority stake in 43einhalb, a B2C platform for fashion and footwear items based in Fulda. Founded in 2011, 43einhalb focuses on high-quality fashion and sneakers from brands ...
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ArticleArklyz completes the acquisition of Gabor
Arklyz announced on Dec. 22 that it had closed the acquisition of Gabor Shoes. No financial details were released. The Swiss sports and lifestyle firm acquired all the shares of Gabor Shoes GmbH and its operating subsidiaries. Founded in 1949 and headquartered in Rosenheim, Germany, Gabor is one of Europe’s ...
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ArticleHSG takes over Golden Goose
The Chinese fund HongShan Capital (HSG), formerly known as Sequoia Capital China, is acquiring a majority stake in Golden Goose. The Singapore-based investment firm Temasek and its wholly-owned subsidiary, True Light Capital, are also part of the deal as minority investors. No financial details were released, but media reports indicated ...
