All M&A articles – Page 2
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News briefs
Klarna rises in stock market debut
Swedish fintech Klarna made its stock market debut on the New York Stock Exchange on Sept. 10, raising $1.37 billion (€1.26bn) in its initial public offering (IPO). Shares were priced at $40 in the IPO, advancing 14.6 percent to close at $45.82 after the first day. The deal gives ...
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ArticleGiorgio Armani leaves instructions for the sale of his group
The Italian fashion house Giorgio Armani SpA should sell a 15 percent stake to the French luxury goods group LVMH, the Franco-Italian eyewear group EssilorLuxottica, the French beauty and cosmetics group L’Oréal or another luxury group in the next 12 to 18 months, the designer Giorgio Armani has stipulated in ...
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News briefs
Dick’s Sporting Goods completes the acquisition of Foot Locker
Dick’s Sporting Goods announced that it has completed the $2.4 billion acquisition of Foot Locker to become a global leader in the sports retail industry. As a combined company, Dick’s will now operate more than 3,200 stores plus e-commerce and digital businesses across 20 countries in North America, Europe, Asia, ...
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News briefs
Klarna’s IPO may raise up to $1.46bn
Klarna has set the price range for its initial public offering (IPO) price at $35 to $37 dollars per ordinary share, resulting in proceeds of up to $1.46 billion. The Swedish payment company has been approved to list its shares on the New York Stock Exchange under the symbol KLAR. ...
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News briefs
Kyaia takes over AsPortuguesas
Kyaia, a Portuguese footwear company located in Guimarães, is taking full control of its peer Ecochic Portuguesas, owner of the AsPortuguesas footwear brand. Kyaia is buying the stakes of Amorim Cork Ventures and Pedro Abrantes. No financial details were available. Ecochic Portuguesas was created in 2015 by Abrantes with the ...
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News briefs
3G obtains regulatory clearance to buy Skechers
Skechers U.S.A., Inc. and 3G Capital published a statement that all necessary regulatory approvals have been received to proceed with 3G Capital’s acquisition of the California-based footwear and apparel brand. The transaction, disclosed in May, is expected to close on Sept. 12, 2025, subject to customary conditions. As part of ...
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News briefs
DuPont sells Kevlar, Nomex businesses to Arclin in $1.8bn deal
DuPont has reached a definitive agreement to sell its Aramids business, which comprises the brands Kevlar and Nomex, to Arclin in a transaction valuing the business approximately $1.8 billion. The transaction is expected to close in the first quarter of 2026, it added. At close, DuPont will receive pre-tax cash ...
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ArticleAuthentic Brands Group takes over Guess
Guess has agreed to be taken private by a group of investors including Authentic Brands Group (ABG) in a deal valuing the American apparel company $1.4 billion, including debt. Under the terms of the deal, some of Guess’ existing shareholders, including Paul Marciano, Maurice Marciano, Nicolai Marciano and the company’s ...
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News briefs
Softstar Shoes acquires SOM Footwear
Softstar Shoes, an Oregon-based footwear company celebrating its 40th anniversary, has acquired Sense of Motion (SOM) Footwear, a producer of outdoor minimalist footwear located in Montrose, Colorado. No financial details were released. Softstar Shoes is a certified B Corp that has been designing and handcrafting minimal leather footwear in the ...
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News briefs
Gildan buys HanesBrands
The Canadian fashion group Gildan Activewear has entered into a definitive merger agreement to acquire HanesBrands, a US apparel brand. The transaction implies an equity value of approximately US$ 2.2 billion and an enterprise value of approximately $4.4 billion. Under the terms of the merger agreement, HanesBrands shareholders will receive ...
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Article
Beaumanoir buys part of Naf Naf’s assets
Beaumanoir, a French fashion group, has bought part of the assets of the French fashion retailer Naf Naf, which was placed into receivership on May 30 by a commercial tribunal based in Bobigny, in the outskirts of Paris. Under the court supervised agreement, Beaumanoir will keep 55 of Naf Naf’s ...
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News briefs
Caleres completes the acquisition of Stuart Weitzman
On Aug. 4, Caleres completed the acquisition of Stuart Weitzman from Tapestry for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The price is subject to final adjustments for net working capital. The ...
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News briefs
Temasek buys a 10% stake in Ermenegildo Zegna
Temasek, a Singapore-headquartered investment company, has increased its stake in Ermenegildo Zegna to 10 percent. The Italian fashion house has sold 14.1 million treasury shares to Temasek at $8.95 each. Thanks to the deal, Ermenegildo Zegna receives $126.4 million in cash. The funds will reinforce its balance sheet “at a ...
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ArticleMass plans to triple revenues thanks to support of a private equity firm
Advance Capital Partners, a Slovenian private equity firm, has reached a deal to acquire a 60 percent stake in Mass in order to finance the development of the Slovenian footwear retailer across Central and Eastern Europe and triple its revenues in five years. The deal is expected to be finalized ...
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ArticleCoats buys OrthoLite
Coats, a British manufacturer of industrial threads and footwear components, signed a definitive agreement to acquire OrthoLite Holdings, a leading US manufacturer of open-cell foam insoles, for an initial enterprise value of $770 million. The transaction, which also includes Cirql, a new biodegradable midsole technology backed by over 80 ...
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ArticleAllbirds sets up new financing agreements
Allbirds entered new financing agreements to optimize its working capital and enhance its financial flexibility to support long-term growth plans. A new $75 million asset-based revolving credit facility with Second Avenue Capital Partners, consisting of a $50 million tranche and a $25 million accordion feature, replaces the company’s previous $50 ...
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News briefs
Lapo Elkann invests in Blu Scarpa
The Italian businessman Lapo Elkann has bought a minority stake in Blu Scarpa, an Italian startup founded in 2019 by Matthew Chevallard specializing in luxury sneakers. Thanks to Elkann’s support, the company “now aspires to solid and structured growth,” Chevallard said. Elkann is a member of the Agnelli family, ...
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ArticleNice buys the upper maker Emmepier
Nice Footwear has bought Emmepier, an Italian producer of uppers for high-end women’s shoes located in Vigonza, in the footwear cluster of Riviera del Brenta, in the in Italy’s northeastern region of Veneto. No financial details were available. Nice Footwear, which was created in 2016, has been carrying out acquisitions ...
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News briefs
Hartjes takes over Vital Schuhe
The Austrian comfort shoe manufacturer Hartjes GmbH is expanding its footprint with the acquisition of the Vital Schuhe brand as Vital’s managing director Michael Neuner, a member of the company’s founding family, retires after 33 years in the footwear industry. Effective Aug. 1, 2025, Vital HSP GmbH, a newly established ...
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News briefs
Prada buys a 10% stake in Rino Mastrotto
Prada Group announced an agreement to buy a 10 percent stake in the Italian leather group Rino Mastrotto, as it seeks to take tighter control over its production. According to the deal terms, the Italian fashion group will confer two tanneries to Rino Mastrotto – Italy’s Conceria Superior and France’s ...
