All M&A articles – Page 11
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News briefs
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 ...
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ArticleOR Group puts its Siberian shoe factory up for sale
The Russian shoe retailer OR Group, formerly known as Obuv Rossii, has started searching a buyer for its Berdsk-based shoe factory S-TEP, the Novosibirsk regional government said in a statement. S-TEP suspended operations on Aug. 1 due to financial difficulties. The factory was launched in the early 2000s and currently ...
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ArticleRichemont to sell majority stake in YNAP to Farfetch and Emirati businessman
Richemont has signed a deal to initially sell a 47.5 percent stake in its online fashion retailing unit Yoox Net-a-Porter (YNAP) to Farfetch and a 3.2 percent stake to Symphony Global, one of the investment vehicles of the Emirati businessman Mohamed Alabbar. The move will make YNAP a neutral distribution ...
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Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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ArticleABG reaches deal to take over Ted Baker
The American brand management company Authentic Brands Group (ABG) and Ted Baker have reached an agreement on the terms of a recommended final cash offer by ABG-Robin BidCo, a newly incorporated entity wholly-owned by ABG, to acquire the entire share capital of the British fashion group for 110 pence ...
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ArticleCoats buys Renoflex and becomes a footwear component giant
Hot on the heels of the acquisition of Texon, a U.S. provider of footwear solutions, Coats announced the takeover of Rhenoflex, a German manufacturer of structural material solutions for the footwear industry. The back-to-back acquistions have turned the British industrial thread manufacturer into a significant supplier of components for the ...
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News briefs
Spartoo completes minority stake purchase in SAAJ
Spartoo has completed the acquisition of a minority stake in the French brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. The investment will enable the SAAJ brand to accelerate its development, according ...
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ArticleDella Valle wants to delist Tod’s
Tod’s’ main shareholder, Diego Della Valle, is offering €40 per share with the objective of delisting the Italian luxury goods company. The bid is being made by DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C,. and concerns 25.55 percent of Tod’s capital. The price ...
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ArticleJD Sports to sell Footasylum to Aurelius
On July 29, JD Sports Fashion exchanged contracts to sell Footasylum and its associated subsidiaries to the German private equity Aurelius Group for £37.5 million (€44.8m). JD Sports bought the chain of sports fashion stores in May 2019 but the acquisition was blocked last year by the British Competition and ...
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Kizik raises $20m in a series B fund round
Kizik, based in Lindon, Utah, has completed a $20 million series B funding round led by the private equity The Newcastle Network. The American footwear brand, whose parent company is HandsFree Labs, specializes in slip on shoes. It will use the funds to launch a Kizik Kids line and to ...
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ArticleUnbound raises funds for its growth
Hotter Shoes’ parent company, Unbound Group, raised a gross £3.3 million by selling 22,004,615 shares at a price of 15 pence each in a placement. In addition to the placing, certain of Unbound’s directors and senior managers subscribed for 1,221,281 shares, under a subscription scheme, at a similar price and ...
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News briefs
Coats completes the acquisition of Texon
On July 21, the British industrial thread manufacturer Coats announced that it had completed the acquisition of Texon, a U.S. footwear solutions provider. Coats bought Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on an Ebitda multiple ...
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GM Leather is listed on the Milan stock exchange
GM Leather, an Italian leather manufacturer, was listed on the Milan stock exchange on July 13. In its debut on the Euronext Growth Milan, the stock closed 1.63 percent higher compared to its initial public offering price (IPO) of €1.75 per share after having reached an intraday high of ...
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GM Leather plans to be listed in Milan
GM Leather, an Italian leather manufacturer, has presented a request to list its shares and warrants on the Euronext Growth Milan segment of the Milan stock exchange. Controlled by the Marcigaglia family, the company makes leather products for furniture, leather goods and fashion and automotive sectors. In 2021, GM Leather ...
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ArticleCoats takes over Texon as it expands into footwear
The British industrial thread manufacturer Coats is significantly increasing its presence in the footwear industry with the acquistion of Texon, a U.S. footwear solutions provider. Coats is buying Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on ...
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ArticleKohl’s terminates talks to be bought by Franchise Group
The U.S. department store retail chain Kohl’s has put an end to talks to be taken over by the Franchise Group (FRG) at $60 a share. The offer valued Kohl’s at about $8 billion. Kohl’s said that its board “unanimously determined to conclude its strategic review process. The current financing ...
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News briefs
Spartoo buys a minority stake in the brand SAAJ
Spartoo has signed an agreement to buy a minority stake in the brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. ”It stands out for its original creations entirely designed and realized ...
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Deichmann sells Russian business
The German shoe retailer Deichmann has left the Russian market, selling all 37 stores with remaining inventory to a local partner. No financial details were released. The Russian press reported that Deichmann had stopped supplying its Russian retail network several weeks before. The stores will reopen under a new brand ...
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Frasers hikes stake in Hugo Boss
Frasers Group, the parent company of Sports Direct, has increased its investment in Hugo Boss. The company now has 3,425,000 shares of common stock in the German fashion group, representing 4.9 percent of its total share capital. It also holds 18,289,000 shares via the sale of put options, representing 26.0 ...
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THG rejects several takeover offers
THG, also known as the The Hut Group, said that it has received indicative proposals from ”numerous parties” in recent months, including an indicative non-binding proposal from a consortium led by Belerion Capital Group Limited and King Street Capital Management, which had already been rejected by the board of the ...
