All M&A articles – Page 10
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Next buys Made.com brand, intellectual property
Next, the British clothing retailer, has agreed to acquire the brand name, domain names and intellectual property of Made.com Design Ltd from administrators for a consideration of £3.4 million (€3.9m). Made.com is an online furniture retailer created in 2010 by Ning Li, Brent Hoberman and Chloe Mackintosh.
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Shares of Blibli’s parent company flat in market debut
The shares of Global Digital Niaga, the parent company of the Indonesian e-commerce company Blibli, closed unchanged on their first trading day on Nov. 8. The company raised some 8 billion rupiahs (€510m) in its initial public offering (IPO). The company was selling up to 17.77 billion new shares, or ...
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ArticleFlorence buys a third footwear manufacturer
Gruppo Florence has bought a third Italian footwear company with the acquistion of Taccetti, located in Montelupo Fiorentino in Tuscany. Founded in 1954, but with a founding family involved in footwear since 1880, Taccetti produces luxury women’s shoes. It employs 270 people and has a production capacity of 2,000 ...
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ArticleBerkemann takes over Däumling
From Nov. 1, the Berkemann Group is taking over the children’s footwear brand Däumling and its shoe factory in Bruchweiler, in Rhineland-Palatinate. The brand is being bought from the the founding family and all 50 employees at the German site will be retained. “With this step, we are expanding our ...
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Pimkie in talks to be taken over
Pimkie, a French fast fashion label and chain store for young women, has entered exclusive talks to be bought by a business consortium comprising Lee Cooper France, Kindy and Ibisler Tekstil. The joint bid by the three companies was judged on its financial and operational merits in order to ensure ...
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ArticleTod’s' first delisting attempt fails
Diego Della Valle, the chairman and CEO of Tod’s, abandoned plans to buy out minority shareholders in the Italian luxury goods group after a public offer fell short. Nevertheless, he still has the option to delist Tod’s by merging it with a privately-owned company. DeVa Finance, the investment vehicle through ...
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Italmobiliare buys Sidi Sport
The Italian holding company Italmobiliare has bought a 100 percent stake in Sidi Sport, an Italian brand of footwear for cycling and motorcycling, for €86 million. Italmobiliare is paying €53.5 million in cash and the rest of the funds were provided by Banco BPM. The deal is based on enterprise ...
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Blibli’s parent aims to raise €540m in IPO
Global Digital Niaga, the parent company of the Indonesian e-commerce company Blibli, aims to raise as much as 8.17 trillion rupiahs (€540m) in its initial public offering next month, according to the company’s prospectus. The company plans to sell up to 17.77 billion shares, or 15 percent of its total ...
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JD Sports tightens its grip on Deporvillage
JD Sports Fashion announced that Iberian Sports Retail Group (ISRG) has acquired an additional 18 percent holding in the issued shares of Deporvillage from co-founders Xavier Pladellorens and Àngel Corcuera for a cash consideration of €19.8 million. Following the transaction, ISRG will hold a 98-percent stake in Deporvillage, while Pladellorens ...
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Two Italian makers of footwear machinery join forces
Atom MB and Cerim, two producers of footwear machinery based in Vigevano, about 20 kilometers southwest of Milan, have agreed to join forces. The companies have created Avantium, a 50-50 joint venture that will group the activities of Cerim and of Atom MB’s unit MB. The MB business stems from ...
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Nice Footwear sets up a joint venture with Avirex
Nice Footwear is creating a joint venture with Avirex, a brand known for its leather jackets and chinos pants. Nice Footwear, which specializes in the production of sneakers, has held over the past years the license to produce footwear under the Avirex brand. Under the agreement, Nice Footwear will create ...
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ArticleFrasers Group buys Australia’s Sneakerboy out of administration
The British retail chain Frasers Group has bought the collapsed Australian luxury footwear and streetwear retailer Sneakerboy for an undisclosed sum, according to media reports. Frasers, which owns the Sports Direct chain and a wide portfolio of brands, will keep Sneakerboy’s staff and run the business but not take on ...
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Walmart buys a robotics automation company
Walmart has agreed to acquire Alert Innovation, a robotics automation company that develops material-handling technology for automating order fulfillment in retail supply chains. Walmart has been working with Alert to customize technology for its market fullfillment centers (MFC) since 2016. ”Further investing in this technology will enable us to leverage ...
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Golden Goose acquires Italian Fashion Team
Luxury sneakers specialist Golden Goose announced that it acquired Italian Fashion Team, a high-end sneakers producer and Golden Goose’s main supplier, for an undisclosed amount. The two companies have worked together for seven years. Based in Casarano, near the Apulian city of Lecce, Italian Fashion Team is headed by founder ...
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ArticleFuture Fashion enters a new financing round
Future Fashion is raising about €1.3 million to finance product development and expand its sales network. The Italian company owns the namesake omnichannel platform offering fashion brands to “virtualize and customize” their collections in 3D using SaaS (Software as a Service) technology and Design Italian Shoes (DIS), which sells customized ...
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ArticleGruppo Florence buys two shoemakers
Gruppo Florence, an Italian conglomerate of suppliers for the fashion industry, has bought three companies, including two shoemakers, bringing the number of companies acquired in less than two years to 17. It is the group’s first foray into footwear manufacturing. Florence now generates more than €350 million in annual revenues ...
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ArticleTod’s’ minority shareholder buyout to start on Sept. 26
DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C, announced that its offer to buy out Tod’s’ minority shareholders will run from Sept. 26 to Oct. 25. The company is offering €40 per share and is seeking to buy a 25.55 percent stake in the ...
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Prada buys a stake in the tannery Superior
Prada has purchased a 43.65 percent stake in Superior, a Tuscan tannery specialized in calfskin processing, for an undisclosed amount. Superior has recently focused its investments on process digitization and a sustainable development plan centered on the circular economy, energy efficiency and water resource protection. According to the terms of ...
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Kolektive buys the U.K. footwear distributor 33 Joints
The investment company Kolektive Ventures, which trades under the name Projekt Indigo in the U.K., has bought a majority stake in the British footwear distributor 33 Joints in a move to establish its presence in the U.K. footwear market. Kolektive aims to help 33 Joints build up awareness for the ...
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Calzedonia buys Antonio Marras
The Italian group Calzedonia has bought an 80 percent stake in the fashion house Antonio Marras. No financial details were released. Calzedonia said that it will help the development of the fashion house thanks to its expertise in retailing and production, as well as its financial strength. The designer Antonio ...
