All M&A articles – Page 15
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News briefs
Nice Footwear IPO priced €10 a share
Nice Footwear, an Italian company specializing in sneakers, priced its initial public offering (IPO) at €10.00 per share, in the middle of its indicative price of €9.00-€11.00. The stock is scheduled to start trading on the Euronext Growth segment of the Milan stock exchange on Nov. 18. The company sold ...
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ArticleAlpargatas sells Osklen to focus on Havaianas
Completing its reorganization, Alpargatas is divesting its 60 percent stake in Osklen, a Brazilian brand of sustainable surf- and skate-inspired clothing and footwear, to focus on Havaianas, the big international brand of rubber sandals. Alpargatas had already transferred its regional Mizuno license to Vulcabras, parent company of Olympikus, in the ...
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Mime et moi is up for sale
In order to relaunch the Munich-based brand Mime et moi, the administrator Axel Bierbach from the law firm Müller-Heydenreich Bierbach & Kollegen (Munich) has launched a procedure to find an investor who can inject fresh capital into the start-up in order to guarantee the continuation of its activities and save ...
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ArticleAllbirds rises sharply in stock market debut
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel sold in a direct-to-consumer mode, started trading on the Nasdaq exchange under the ticker symbol BIRD at an opening price of $21.21 per share on Wednesday, Nov. 3. That was about 60 percent above the ...
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Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
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ArticleAllbirds valued up to $2.2bn in IPO
Allbirds, the loss-making, B Corporation certified Californian brand of footwear and apparel, has set a price range of $12.00 to $14.00 dollars per share for its initial public offering (IPO), valuing the company up to $2.2 billion. The company applied to list its Class A common stock on The Nasdaq ...
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JD Sports buys Greek firm Cosmos Sport
JD Sports Fashion, the UK retailer of sports, fashion and outdoor brands, has acquired 80 percent of Cosmos Sport. No financial details were released. Based in Crete, Greece, Cosmos was founded in 1982 by Fragiskos Tsiknakis. Prior to the purchase, Cosmos was 70 percent owned by the Tsiknakis family with ...
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Saks Fifth Avenue plans to float e-commerce business
The e-commerce business of the American luxury department store chain Saks Fifth Avenue is aiming to go public soon at a valuation that is roughly triple what it was pegged at earlier this year, The Wall Street Journal reported. Saks is interviewing underwriters this week for a possible initial public ...
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Aquafil buys a Norwegian firm collecting discarded fishing nets
The Italian yarn producer Aquafil has acquired a 32 percent stake in the Norwegian company Nofir, which collects and recycles discarded equipment from fishing and fish farming. Since 2011, Nofir has collected over 48,000 tonnes in fishing networks from 20 countries. In 2011, Aquafil created the Econyl Regeneration System that ...
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ArticleItalian footwear industry faces 2 years of M&A activity
The Italian footwear industry could undergo a couple of years of “significant” merger and acquisition activity as foreign investors, especially French and Chinese firms, large Italian groups and investment funds seek specialized manufacturers, according to Tommaso Cancellara, general manager of the Italian footwear association Assocalzaturifici. “Foreign investors are welcome because ...
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ArticleVivarte sells Minelli to the owners of San Marina
The ailing French retailer Vivarte has sold its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, who run the footwear brand San Marina. Collaert was involved in the purchase of San Marina, in February 2020, from Vivarte. Created in 1973, Minelli had been part of ...
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ArticleRizzo applies for extension of restructuring period
Rizzo Group has applied for a three-month extension to its corporate reorganization. The restructuring began on March 23 following a ruling by a Stockholm-based court and had already been extended to Sept. 23. The company has started to work on a composition with creditors. The valuation of inventories and intra-group ...
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ArticleWHP Global buys the Lotto brand, licenses it back to LSI
WHP Global, a New York-based brand management company, has purchased the global intellectual property rights of the Lotto brand from Lotto Sport Italia (LSI), which will continue to manage the brand in Italy and the rest of the EMEA region as a licensee under the leadership of its long-time CEO, ...
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Sequential sells DVS Footwear to Elan Polo
While exploring strategic options to keep afloat, the Sequential Brands Group sold on July 19 its 65 percent stake in DVS Footwear to Elan Polo International for $2 million in cash. DVS is a global American brand of skate shoes founded in 1995. In April, Sequential sold another footwear brand ...
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ArticleNice Footwear buys Favaro Manifattura Calzaturiera
Nice Footwear, an Italian company specializing in sneakers, has taken over Favaro Manifattura Calzaturiera, an Italian manufacturer of luxury women’s shoes. No financial details regarding the transaction were released, but the company specified that it is acquiring only 80 percent of Favaro, the remaining 20 percent staying in the hands ...
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VF sells its Work segment, except Dickies and Timberland Pro
After announcing in April that it had reached a definitive agreement to sell this business unit, VF Corp. announced that it has completed the divestiture of the workwear portion of its Work segment to an affiliate of Baltimore-based Redwood Capital Investments, LLC, a diversified holding company. The transaction includes the ...
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ArticleVivarte in exclusive talks to sell Minelli
Vivarte has entered exclusive talks to sell its footwear and accessories brand Minelli to the businessmen Stéphane Collaert and Laurent Portella, who run the footwear brand San Marina. Collaert was involved in the purchase of San Marina, in February 2020, from Vivarte. Created in 1973, Minelli is part of the ...
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Lectra buys Neteven to boost e-commerce solutions
Lectra, a French company that produces laser cutting machinery used by shoemakers, has agreed to buy the entire capital and voting rights of Neteven, a French firm which enables brands to automate and facilitate distribution on online marketplaces. Under the deal, Lectra will initially buy 80 percent of Neteven’s capital ...
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ArticleSpartoo aims to raise about €22m in an IPO
The French footwear and fashion e-retailer Spartoo intends to raise about €22 million from an initial public offering (IPO) now underway, with funds earmarked to accelerate growth of its footwear business, roll out new physical stores and invest in brand awareness. The offering of shares to retail investors runs through ...
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Colis Privé moves towards a bourse listing
The French delivery service Colis Privé said that the French financial market regulator AMF has approved its registration document in view of a possible initial public offering (IPO) on the Paris stock exchange. In 2020, Colis Privé posted sales of €233.8 million while current Ebitda stood at €21.5 million. Last ...
