All M&A articles – Page 17
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ArticleJD Sports’ unit Spodis to take over Gap France
Spodis, a unit of JD Sports Fashion, has been chosen by a Grenoble-based commercial court to buy for €300,000 part of the assets of Wilsam, which manages franchised Gap stores in France. “With realistic operating and financial forecasts, a capacity to support working capital and investments with its own resources, ...
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ArticleWolverine explores options for Sperry
Wolverine Worldwide reported better-than-expected first-quarter results and said it was exploring options for its Sperry footwear and apparel brand as it works to reshape its business amid a deterioration in market trends since the start of the year, macroeconomic concerns and a cold spring selling season that has hit consumer ...
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ArticleJD Sports in talks to buy Courir
JD Sports Fashion announced that on May 8 it entered into exclusive negotiations with the owners of Groupe Courir to buy the French chain of sportswear for €325 million euros in cash. The acquisition is seen as a good fit for the British brokerage Peel Hunt and will enable JD ...
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VeNetWork acquires Unimonteco and creates VeNeSport
VeNetWork SpA, a business accelerator that brings together 73 entrepreneurs from Italy’s Triveneto area, has announced the creation of VeNeSport, a new network of companies with a focus on sports footwear. Innovation consultant Flavio Alberti will head VeNeSport as the network’s president. More in Sporting Goods Intelligence Europe.
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Skechers acquires Scandinavian distributor
Skechers has signed an agreement to acquire its existing Scandinavian distributor, Sports Connection Holding ApS. Sports Connection’s business includes 58 existing Skechers retail locations, several e-commerce solutions and more than 1600 wholesale customers. The company was established in Denmark in 1994 and has been Skechers’ exclusive distributor in the Nordic ...
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Prada produces half of its shoes inhouse
Prada produces about half its footwear in-house. This compares with around 10 percent for clothing and about 30 percent in the case of leather goods. As part of its plans to increase its control over the supply chain, the Italian fashion plans to invest €60 million this year to boost ...
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Kelso hikes its stake in THG
The investment company Kelso has increased its total stake in THG to 8.0 million shares, through a mix of ordinary shares and contracts for differences, representing around 0.55 percent of the total share capital of the British online retailer. The company said that the investment in THG is focused around ...
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THG receives a preliminary takeover offer from Apollo
THG said that it has received “a highly preliminary and non-binding indicative proposal” from the private equity Apollo Global Management to acquire its entire issued and to be issued share capital. There can be no certainty that any firm offer will be made, the British online retailer added. Under U.K. ...
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ArticleCzech footwear firm Vasky acquires Botas
The Czech footwear company Vasky has acquired its peer Botas, which went into liquiditation at the beginning of the year. Prior to the takeover, the two companies had collaborated on a new footwear collection called Botas x Vasky that was launched early April 2023. Botas was created in 1949 and ...
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Bobux seeks a buyer as it goes into receivership
Bobux International, a New Zealand-based brand of children’s shoes, was placed into receivership after suffering from Covid-19 related supply chain issues and overstocking as well as the overhaul of its IT system that went over budget. The company was founded in 1991 by Colleen and Chris Bennett. In 2022, it ...
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ArticleUnbound withdraws support for WoolOvers offer as new bidder emerges
Unbound Group, the British owner of Hotter Shoes, has withdrawn its support for a potential takeover by WoolOvers Group after receiving a rival offer from London-based Marwyn Investment Management, which has pledged to inject £10 million (€11.4m) into the firm. Marwyn made its approach on April 5, Unbound revealed in ...
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ArticleRocky Brands sells the Servus brand to PetroQuim unit
Rocky Brands has sold the Servus brand to PQ Footwear, a subsidiary of Industrias PetroQuim, a producer of footwear and plastic components based in the Dominican Republic. The transaction closed on March 30, 2023. The proceeds from the transaction were used to pay down debt, Rocky Brands said without disclosing ...
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ArticleHotter Shoes’ parent may be taken over by WoolOvers
Unbound Group, the owner of Hotter Shoes, is considering a bid approach from WoolOvers Group valuing the business £6.8 million (€7.7 million). Unbound said it would accept if a firm offer were made. According to U.K. market rules, WoolOvers has to make a firm by 5.00 pm London time on ...
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Next buys the Cath Kidston brand
Next has agreed to buy the brand name, domain names and intellectual property of CK Acquisitions, which owns the modern vintage brand Cath Kidston, from administrators for £8.5 million (€9.7 million). The British fashion retailer will license back to the administrators the cathkidston.com domain for up to 12 weeks to ...
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Permira reportedly interested in Florence
The London-based private equity Permira is interested in Gruppo Florence, an Italian holding company that owns 23 suppliers to the luxury goods industry, including three footwear manufacturers, according to media reports. Florence was created in late 2020 by the Milan-based private equity firm Vam Investments, the Italian state investment firm ...
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Alpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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ArticleInsolvent Surf4shoes is taken over
The German online shoe retailer Surf4shoes has found a new owner. The company, a subsidiary of the Osnabrück-based Hamm Reno Group, filed for preliminary insolvency in September 2022 and bankruptcy proceedings were opened on Dec. 1. Commertunity, which specializes in the acquisition, development and management of brands and business ...
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ArticleArezzo buys the Italian brand Paris Texas
Arezzo & Co is buying a 65 percent stake in Paris Texas, an Italian brand specializing in the creation, production and sale of luxury women’s shoes. Founded in 2015 by Massimo Baltimora and Annamaria Brivio, Paris Texas is based in Monza, 20 kilometres north of Milan, and is controlled through ...
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LVMH launches €1.5bn share buyback
LVMH has begun a €1.5 billion share buyback program. In a statement, the French luxury goods group said it has entrusted an investment service provider with a mandate for the acquisition of up to €1.5 billion of its own shares over a period beginning March 1 and ending on or ...
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Coats refinances debt from the Texon acquisition
Coats, the British industrial thread and footwear components manufacturer, said that it successfully completed a competitively priced $250 million issue of U.S. private placement (USPP) notes. The issuance, on investment grade terms and heavily oversubscribed, refinances the $240 million facility which funded the acquisition of Texon in July 2022, Coats ...
