All M&A articles – Page 2
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ArticleFrasers plans to take full control of Accent Group
Frasers Group has launched a 316 million Australian dollar (€192.5m) bid to buy the remaining 77 percent of shares in Australian sports footwear retailer Accent Group it does not already own, citing concerns about the company’s performance. The Mike Ashley-owned company is offering 65 Australian cents (€0.40) a share for ...
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ArticleANWR Group sells it software unit EBG Data to TSS
ANWR Group is selling its subsidiary EBG Data GmbH to the Dutch-based software group Total Specific Solutions (TSS). No financial details were released. “With this acquisition, TSS DACH further strengthens its proposition for the retail industry, allowing the ANWR Group to focus on its core business,” TSS said in a ...
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ArticleC-Suite interview: Nice Footwear moves forward with industrial strategy with new Corrado Maretto plant
When Nice Footwear purchased the luxury women’s footwear manufacturer Corrado Maretto from the founding family at the end of 2024, it also committed to investing in a suitable facility to meet the manufacturer’s production needs and those of the luxury brands for which it produces. Founded by its namesake in ...
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ArticleAsics to spin off Onitsuka Tiger
The brand grew 43 percent last year with a 38 percent margin: now it gets its own company.
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ArticleFootasylum enters strategic patnership with Trapstar
Footasylum has struck a “strategic partnership” with the British streetwear brand Trapstar, which had entered into administration in May. The transaction comprised a sale of Trapstar’s business and assets and was overseen by Will Wright, Howard Smith and Rebecca Makaruk from the restructuring consultancy Interpath, who were appointed joint administrators ...
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News briefs
Ferragamo launches €53m share buyback
Salvatore Ferragamo announced an up to €53 million share buyback that will run until Oct. 22, 2027. The Italian broker Intermonte views the buyback as positive, as it indicates shareholder confidence in the group’s future prospects.
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ArticlePidigi sees Sympatex takeover as a ‘strategic milestone’ for its international expansion
Pigidi sees the acquisition of Sympatex as “a natural evolution” of the long-standing relationship between the two companies and “marks a strategic milestone in Pidigi’s international growth path,” unlocking “strong industrial and commercial synergies across footwear, apparel and technical applications.” A previously reported, Pidigi, an Italian family-owned company, ...
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News briefs
Brunt reportedly valued over $1bn
Brunt Workwear, a US work boot and apparel brand, is exploring options including a full sale or a strategic investment that could value the privately-owned company over $1 billion, the news agency Reuters reported citing sources familiar with the matter. The company is working with the investment bank JPMorgan on ...
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News briefs
Authentic Brands Group buys Lee
Kontoor Brands has signed a definitive agreement to sell the Lee business to Authentic Brands Group (ABG) for up to $1 billion, including an initial payment of $750 million and up to $250 million in earnouts in future years based on the performance of the denim and lifestyle brand under ...
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News briefs
Birkenstock launches $250m share buyback
Birkenstock Holding, the UK-based parent company of the German sandal maker, has entered into a $250 million accelerated share repurchase (ASR) agreement with Goldman Sachs International. “Short-term market dynamics have resulted in what we believe is a strong disconnect between our share price and the strength of our underlying fundamentals”, ...
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News briefsScholl’s Wellness Company buys the insole brand VKTRY
Scholl’s Wellness Company, the parent company of the Dr. Scholl’s brand and a portfolio company of Yellow Wood Partners, acquired VKTRY, a US performance insole brand designed for athletes. Terms of the transaction were not disclosed. VKTRY was founded and operated by the Arciuolo family in Milford, Connecticut. “Athletes are ...
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News briefs
The Smith family increases its stake in Shoe Zone
On aggregate, the Smith family has increased its stake in Shoe Zone to 29,620,181 ordinary shares, representing 64.08 percent of the total voting rights of the British footwear retailer, from 26,860,251 shares, totalling 58.11 percent of voting rights. Shoe Zone disclosed that on May 19, Charles Smith, the Chairman, and ...
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ArticleLVMH sells Marc Jacobs for $850m
LVMH has signed a definitive agreement to sell the Marc Jacobs brand to the management firm WHP Global. G-III Apparel Group will join WHP Global in its ownership of the Marc Jacobs brand. G-III will also acquire and operate certain parts of the brand’s global direct-to-consumer and wholesale businesses. Together, ...
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News briefs
Pidigi takes over Sympatex
Pidigi, a Verona-based supplier to the footwear, leather goods and apparel industries, is acquiring Sympatex’s operating business in an asset transfer effective June 1. The transaction is being executed through German insolvency proceedings, with Pidigi setting up a dedicated German subsidiary to hold the acquired assets. Pidigi has distributed Sympatex ...
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News briefs
Asos to sell the Lichfield fulfilment center
Asos has reached an agreement to sell its Lichfield fulfilment center to the British retailer Marks & Spencer for £66 million (€72.3m). The disposal will lead to annual cash savings of £6 million (€6.9m). The sale marks another step in the structural transformation of the financial position of the British ...
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ArticlePrimark to demerge from its parent company
Primark’s owner Associated British Foods (ABF) is demerging the budget clothing chain from its food operations after a review of the group’s structure, despite warning that the US-Iran conflict would hit consumer spending and raise prices. Wittington Investments - the holding company of the Weston family which controls the conglomerate ...
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ArticleJack Schwartz Shoes integrates Deer Stags into its portfolio
Jack Schwartz Shoes has integrated Deer Stags into its portfolio. Jack Schwartz Shoes owns and operates Lugz and British Knights, along with licensed footwear for Lee and Ben Sherman. Deer Stags, which was founded as a brand in 1929, has been carried forward by the Muskat family for decades, providing ...
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News briefs
Mirza International’s head buys Solethreads
Sumant Kakaria, the CEO and co-founder of Solethreads, announced that he has sold the Indian brand to Tauseef Mirza, the Managing Director of Mirza International. No financial details were released. Solethreads was founded in 2020 by Kakaria, Gaurav Chopra, Aprajit Kathuria and Vikram Iyer. The brand started with flip-flops, ...
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ArticleAdvance Capital Partners, Mass complete the acquisition of Leder & Schuh
The acquisition of Austrian footwear company Leder & Schuh by the Slovenian private equity firm Advance Capital Partners and the Slovenian retailer Mass has been completed “following the fulfilment of all conditions and the receipt of approvals from relevant competition authorities,” Advance Capital said in a statement. Leder & Schuh ...
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ArticleAmerican Exchange Group to buy Allbirds for $39m
American Exchange Group entered into an agreement to buy all of Allbirds’ intellectual property as well as certain other assets and liabilities for $39 million. The price tag is a far cry of the more than $4.0 billion market capitalization the California-based producer of Wool Runner merino shoes, and other ...
