All M&A articles – Page 12
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News briefs
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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News briefs
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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News briefs
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 ...
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News briefs
Zalando buys Highsnobiety
Zalando has acquired a majority stake in Highsnobiety, a German media brand. No further details were released about the transaction. Highsnobiety was founded in Berlin in 2005 by David Fischer as a blog. The company currently comprises a publishing arm, creative consultancy and a commerce platform. ”Teaming up with Highsnobiety ...
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News briefs
Kohl’s in talks to be bought by Franchise Group
Kohl’s has entered into exclusive negotiations with Franchise Group for a period of three weeks. The decision comes after Franchise proposed to acquire the U.S. chain of department stores for $60.00 per share. The purpose of the exclusive period is to allow Franchise and its financing partners “to finalize due ...
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News briefs
ABL Group buys the sneaker brand Tonakai
ABL Group, an Italian producer of leather goods, has bought an 80 percent stake in the sneaker brand Tonakai, as its develops its brand portfolio. Founded in 1947, ABL initially produced white label caused and launched its first own brand, the handbag label Rebelle, a year ago. Rebelle is expected ...
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News briefs
DSM sells engineering materials business
The Dutch group Royal DSM reached an agreement to sell its engineering materials business to Advent International and Lanxess for an enterprise value of €3.85 billion. The business represented €1.5 billion of DSM’s total annual net sales and €334 million of its total adjusted Ebitda for 2021. DSM expects to ...
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News briefs
Arklyz buys Shoe City
Arklyz Group, the owner of the athletic specialty footwear and lifestyle retailer, The Athlete’s Foot (TAF), has bougth Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with an online platform www.ycmc.com. Shoe City is an established local business, having started with one location in Baltimore in 1949. ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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News briefs
Future buys WhoWhatWear
The British publisher Future has bought WhoWhatWear, a digital-only women’s lifestyle publisher based in the U.S., from Clique Brands. WhoWhatWear has a strong social presence and diverse revenue streams ranging from digital advertising to e-commerce. It has 12 million online users and 10 million social followers, with about 90 percent ...
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News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
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ArticleMoncler sees footwear representing 10% of revenues
Moncler expects footwear to represent 10 percent of its revenues in 2025, driven by demand for luxury sneakers in the U.S. The Italian luxury goods brand, known for its down jackets, generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year ...
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News briefs
G-III buys the Karl Lagerfeld brand
The U.S. fashion group G-III Apparel Group has entered into an agreement to purchase an 81 percent stake in fashion brand Karl Lagerfeld for €200 million from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The acquisition includes Karl Lagerfeld’s 10 percent stake ...
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News briefs
Campus Activewear IPO runs April 26-28
The initial public offering (IPO) of Campus Activewear will be held on April 26-28. The transaction aims to raise about 14,000 million rupees (€170m) by selling 47.9 million shares. The price range of the IPO is 278-292 rupees (€3.38-3.63) per share. The shares are being sold by the businessmen Hari ...
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News briefsMaterial Exchange raises €25 million in Series A funding round
Material Exchange, the Swedish marketplace that helps firms source more sustainable materials, has secured €25 million via a Series A funding round. The round was led by Molten Ventures, with the continued support of previous seed investors, including Partech, Inventure, Norrsken, Lyra, and Day One Capital. Material Exchange said ...
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News briefs
South African sportswear retailer Studio 88 Group acquired by Mr Price
Fashion and home goods retailer Mr Price, a publicly-traded company based in Durban, South Africa, announced that it is acquiring 70 percent of the shares in Studio 88 Group, a major retailer of sneakers and apparel from Nike, Adidas, Vans and many other sportswear brands in South Africa, for 3.3 ...
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News briefsKlarna acquires PriceRunner
Klarna, the fintech company that intermediates between retailers and customers, handling direct payments, payments after delivery and installment plans, has acquired all of PriceRunner, a comparison-shopping service operating in Sweden, Denmark, Norway and the U.K. Klarna will be adding PriceRunner’s product discovery, price comparisons and product reviews to its own ...
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ArticleACBC plans an IPO within two years
ACBC, a fast-growing Italian B Corporation which focuses on sustainable footwear, aims to be listed on the New York Stock Exchange within the next two years. In an exclusive interview with Shoe Intelligence, Gio Giacobbe, who founded the company in 2017 with Edoardo Iannuzzi, explained that the company has preferred ...
