All M&A articles – Page 21
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News briefs
DSM sells engineering materials business
The Dutch group Royal DSM reached an agreement to sell its engineering materials business to Advent International and Lanxess for an enterprise value of €3.85 billion. The business represented €1.5 billion of DSM’s total annual net sales and €334 million of its total adjusted Ebitda for 2021. DSM expects to ...
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News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
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News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
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News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
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News briefs
Future buys WhoWhatWear
The British publisher Future has bought WhoWhatWear, a digital-only women’s lifestyle publisher based in the U.S., from Clique Brands. WhoWhatWear has a strong social presence and diverse revenue streams ranging from digital advertising to e-commerce. It has 12 million online users and 10 million social followers, with about 90 percent ...
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ArticleMoncler sees footwear representing 10% of revenues
Moncler expects footwear to represent 10 percent of its revenues in 2025, driven by demand for luxury sneakers in the U.S. The Italian luxury goods brand, known for its down jackets, generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year ...
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News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
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News briefs
G-III buys the Karl Lagerfeld brand
The U.S. fashion group G-III Apparel Group has entered into an agreement to purchase an 81 percent stake in fashion brand Karl Lagerfeld for €200 million from a group of private and public investors, led by Fred Gehring of Amlon Capital BV. The acquisition includes Karl Lagerfeld’s 10 percent stake ...
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News briefs
Campus Activewear IPO runs April 26-28
The initial public offering (IPO) of Campus Activewear will be held on April 26-28. The transaction aims to raise about 14,000 million rupees (€170m) by selling 47.9 million shares. The price range of the IPO is 278-292 rupees (€3.38-3.63) per share. The shares are being sold by the businessmen Hari ...
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News briefsMaterial Exchange raises €25 million in Series A funding round
Material Exchange, the Swedish marketplace that helps firms source more sustainable materials, has secured €25 million via a Series A funding round. The round was led by Molten Ventures, with the continued support of previous seed investors, including Partech, Inventure, Norrsken, Lyra, and Day One Capital. Material Exchange said ...
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News briefs
South African sportswear retailer Studio 88 Group acquired by Mr Price
Fashion and home goods retailer Mr Price, a publicly-traded company based in Durban, South Africa, announced that it is acquiring 70 percent of the shares in Studio 88 Group, a major retailer of sneakers and apparel from Nike, Adidas, Vans and many other sportswear brands in South Africa, for 3.3 ...
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News briefsKlarna acquires PriceRunner
Klarna, the fintech company that intermediates between retailers and customers, handling direct payments, payments after delivery and installment plans, has acquired all of PriceRunner, a comparison-shopping service operating in Sweden, Denmark, Norway and the U.K. Klarna will be adding PriceRunner’s product discovery, price comparisons and product reviews to its own ...
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ArticleACBC plans an IPO within two years
ACBC, a fast-growing Italian B Corporation which focuses on sustainable footwear, aims to be listed on the New York Stock Exchange within the next two years. In an exclusive interview with Shoe Intelligence, Gio Giacobbe, who founded the company in 2017 with Edoardo Iannuzzi, explained that the company has preferred ...
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ArticleLanvin Group to be listed in New York by merging with a SPAC
Lanvin Group, the Chinse luxury goods group formerly known as Fosun Fashion Group, has entered into a merger agreement with Primavera Capital Acquisition Corporation (PCAC), a special purpose acquisition company (SPAC) listed on the New York Stock Exchange. The transaction values Lanvin Group at a pro forma enterprise value of ...
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ArticleLi Ning excluded from Norway’s sovereign fund
The Chinese sportswear company Li Ning has been excluded from Norway’s sovereign fund, Norwegian Government Pension Fund Global, because of possible links to alleged human rights abuses in the Chinese province of Xinjiang, said the Norwegian central bank, Norges Bank, which manages the fund. The fund’s Council on Ethics recommended ...
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ArticleSnipes with second major acquisition in the U.S. since December
Snipes continues its expansion in the U.S. with the acquisition of New England-based sneaker retailer Expressions, which operates 35 stores in Massachusetts, Connecticut and Rhode Island. Terms of the deal were not disclosed. Expressions was founded in 1989 as a fashion-oriented family business. In the years that followed, the company ...
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ArticleSberBank pulls out of the EU
The Russian leader SberBank is withdrawing from the European market, after being hit by massive financial sanctions in retaliation for Russia’s invasion of Ukraine. “Sberbank has decided to withdraw from the European market. The group’s subsidiary banks face abnormal outflows of funds and threats to the security of their employees ...
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News briefs
Frasers acquires troubled online retailer Studio Retail
Frasers Group, the parent company of Sports Direct, announced today it has acquired Studio Retail Limited and certain other assets of Studio Retail Group plc. The British online retailer Studio Retail Group had filed for administration earlier this month for itself and its wholly-owned subsidiary Studio Retail Limited after failing ...
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News briefs
Designer Brands invests $2 m in black-owned factory
Designer Brands, the parent of the shoe retailer DSW Designer Shoe Warehouse, is investing $2 million in the first Black-owned footwear factory in the United States – JEMS by Pensole – to produce shoes designed by graduate students of the Pensole Lewis College of Business & Design (PLC). The shoes ...
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News briefs
Crocs completes the acquisition of Heydude
Crocs completed the purchase of the privately-owned casual footwear brand Heydude on Feb. 17. The acquisition was funded by $2.05 billion in cash and 2,852,280 Crocs shares issued to Heydude’s founder. Heydude is expected to deliver annual revenues of $700 to $750 million, including the period of time prior ...
