All M&A articles – Page 2
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News briefs
Creditors approve Schuhhaus Kocken’s restructuring plan
The creditors of the insolvent German shoe retailer Schuhhaus Kocken GmbH & Co unanimously cleared the company’s restructuring plan, which was then confirmed by the Mönchengladbach district court. The family-run retailer started insolvency proceedings under self-administration at the end of August 2023, after taking a hit from sluggish ...
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ArticleKlingel sells the Wenz and Impressionen brands to Witt
The insolvent mail order company Klingel Group has sold the Wenz and Impressionen brands to the omni-channel retailer Witt, which is part of the Hamburg-based Otto Group, as it continues the disposal of its assets. The sale was approved by the creditors’ committee and the parties now wait for ...
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News briefs
Tre Zeta Group continues its buying spree
Tre Zeta Group has acquired a 100 percent stake in Walking World, an Italian producer of insole. The company located in Porto Recanati, in the Marche region, was founded in 1990 by Antonio Giampaoli and Sonia Mangialardo. Walking World specializes in components for sneakers and has increased annual revenues by ...
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News briefs
Veldskoen Shoes expands in the US
Veldskoen Shoes, a South African footwear brand, has opened new offices in Atlanta as it expands in the US. The expansion plan includes increased availability in major retail outlets, strategic pop-ups in major cities and a strengthened e-commerce platform to make the brand accessible to consumers across the country. “We ...
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News briefs
Della Valle family does not plan to sell Tod’s
The Della Valle family that controls Tod’s has no intention of selling the Italian producer of luxury goods, said Diego Della Valle, the chairman and CEO of Tod’s. “We don’t have to sell anything, we have a family business with young people who want to do this job,” Della Valle ...
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ArticleShoe Carnival buys Rogan Shoes
Shoe Carnival has acquired Rogan Shoes, a 53-year-old work and family footwear company with 28 stores in Wisconsin, Minnesota and Illinois which trade under the Rogan’s Shoes banner, for a purchase price of $45 million. The US footwear retailer expects the acquisition to be immediately accretive to its fiscal 2024 ...
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ArticleNew delisting attempt for Tod’s
After failing at the end of 2022, Tod’s’ key shareholders are trying again to delist the Italian company by offering a higher price. Financial analysts are divided on whether the new attempt will be successful. Under the current offer, Crown Bidco, a company controlled by L Catterton, a private equity ...
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News briefs
Fessura raises €1.8m in crowd funding
Fessura, a sneaker company based in Italy’s Marche region, raised €1.8 million in a crowdfunding that attracted 161 investors. The fund raising was carried out on the Mamacrowd platform and closed on Jan. 17. The minimum goal of the crowd funding was €800,000 and the maximum size €2.1 million. The ...
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News briefs
D.a.t.e. invests in Santha
D.a.t.e., a Florence-based sneaker brand launched in 2005, has invested in the sneaker startup Santha to support its development. Along with buying a stake in Santha, D.a.t.e. will be in charge of the production and distribution of the company’s collections. Santha will be distributed in 100 points of sale worldwide ...
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News briefs
Vagabond donated to a foundation
The owners of the Swedish footwear brand Vagabond Shoemakers have donated the company to a newly formed foundation.“For over 30 years, the founders of Vagabond Shoemakers, Marie Nilsson Peterzén and Mats Nilsson, have dedicated themselves to building one of Europe’s strongest shoe brands. Now, the entire company is handed over, ...
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News briefs
CMA CGM unit to buy Wincanton
The British logistics group Wincanton approved a 450 pence (€5.2) per share cash offer from CEVA Logistics UK, which is controlled by the French shipping company CMA CGM. The acquisition values Wincanton at approximately £566.9 million (€661m) on a fully diluted basis and £764.9 million (€891m) on an enterprise value ...
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News briefs
Frasers hikes its stake in Asos to nearly 26%
Frasers Group has increased its stake in the British online fashion retailer Asos to 25.96 percent through a series of transactions in January, according to filings with the London Stock Exchange. At the end of December, the stake stood at 17.88 percent. Based on the latest filing on Jan.18, 17.11 ...
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News briefs
Frasers Group hikes stake in Boohoo to 21.49% vs 17.22%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 21.49 percent from 17.22 percent, according to a stock exchange filing. The British retailer has been building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an opportunity ...
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News briefs
JD Sports takes full control of MIG
JD Sports Fashion has bought a 40 percent stake in Marketing Investment Group (MIG) and is now the sole owner of the Polish-based wholesaler and multi-channel retailer. The acquisition was completed following clearance by the European Commission. JD Sports already owned a 60 percent stake in MIG, acquired in 2021. ...
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News briefs
Ownership and management change at ECC
European-Clearing-Center (ECC), which acts as a platform for electronic data exchange between producers and retailers in the footwear and fashion sector, underwent a change of ownership and management. Effective from Jan. 1, the footwear buying groups ANWR and Sabu and the shoe and leather goods industry association HDS/L purchased the ...
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ArticleArklyz to buy Lloyd Shoes from Ara
Arklyz AG, based in Stans, Switzerland, has signed a definitive agreement to buy the German brand Lloyd Shoes, along with all its operating subsidiaries, from Ara. The buyer plans to provide support and resources to grow Lloyd’s wholesale, omnichannel and international business. The transaction is expected to close in the ...
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News briefs
Informa to merge its Tech digital businesses with TechTarget
Informa, a British publishing, business intelligence and exhibition organizer, has reached an agreement to combine its Tech’s digital businesses with TechTarget. “Today we significantly strengthen Informa’s position in the growing B2B Digital Services market, creating a platform to serve B2B customers at scale digitally, as we already do in Live ...
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ArticleWolverine World Wide sells the Sperry brand to ABG and the inventory to Aldo
Wolverine World Wide has sold the rights to the Sperry brand to Authentic Brands Group (ABG) and part of the brand’s inventory to the Aldo Group for a total of about $130 million to be largely cashed in the first quarter. Wolverine will use the proceeds to pay down debt ...
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ArticleMinelli partially saved
The French footwear retailer Minelli is being acquired by three investors and avoids going into liquidation, the news agency AFP reported citing a decision by a Marseille-based commercial tribunal. However, the investors will only keep a third of Minelli’s employees and less than half its stores. The retailer, rebranded Maison ...
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ArticleWolverine’s inventory and debt are below expectations at the end of 2023
Wolverine World Wide confirmed its sales and earnings guidance released in November, while inventory and net debt are below expectations. The U.S. company expects full-year and fourth-quarter revenues of approximately $2.24 billion and $527 million, respectively. The annual and quarterly revenues for the ongoing business are estimated at $2.20 billion ...
