All M&A articles – Page 23
-
News briefs
LVMH launches €300m share buyback
LVMH has granted an irrevocable mandate to an investment services provider for the acquisition of a maximum of €300 million of its shares over a period starting on Dec. 21 and which could last until Feb. 15. The price of the shares bought under this mandate must not exceed €950 ...
-
News briefs
Zegna starts trading on NYSE
On Dec. 20, Ermenegildo Zegna debuted on the New York Stock Exchange through a merger with Investindustrial Acquisition Corp (IIAC), a special purpose acquisition company (SPAC) sponsored by subsidiaries of Investindustrial VII, which is part of the private equity Investindustrial founded by the Italian businessman Andrea Bonomi. Shares in Zegna ...
-
News briefs
Metro Brands IPO 3.64 times subscribed
The initial public offering (IPO) of the Indian footwear retailer Metro Brands, which ran from Dec. 10 to 14, was subscribed 3.64 times. The portion reserved to qualified investors was subscribed 8.49 times and the remainder of the IPO 3.02 times.
-
News briefs
CPC sells JackRabbit to Fleet Feet
CriticalPoint Capital (CPC), a Californian private investment firm, has completed the sale of JackRabbit, a running specialty retailer in the U.S., to Fleet Feet, an American franchisor of locally owned and operated running stores. CPC entered the footwear industry in early 2017 with the acquisition of JackRabbit. In October 2020, ...
-
ArticleFarfetch buys Luxclusif to bolster resale service
The British online retailer of luxury brands Farfetch has purchased the resale platform Luxclusif to bolster its resale service. No financial details were disclosed. Farfetch said that the acquisition will allow it to ”significantly accelerate” its resale capabilities through the development of key technology and service features such as automated ...
-
News briefs
Metro Brands IPO to run Dec 10-14
The Italian footwear retailer Metro Brands is scheduled to hold an initial public offering open to subscription from Dec. 10 to 14. The transaction will comprise 2.5 billion rupees (€29.4m-$33.2m) worth of new shares and 21.9 million rupees (€2.6m-$2.9m) of existing equity sold by shareholders. The company will use the ...
-
News briefs
Centric Software takes over Armonica Retail
Silicon Valley-based Centric Software, which provides product lifecycle management solutions to various sectors, including footwear, fashion and luxury, has acquired the retail planning solution provider, Armonica Retail. No financial details were released. Armonica Retail was founded in 2018 in Milan by Simone Pozzi and Riccardo Pron. Centric Software is majority-owned ...
-
News briefs
eBay buys the sneaker-authentication business of Sneaker Con Digital
eBay bought the sneaker-authentication business of Sneaker Con Digital, which operates in the U.S., the U.K., Canada, Australia and Germany. Terms of the deal, which was closed on Nov. 24, were not disclosed. The companies have been collaborating since October 2020, with Sneaker Con providing a panel of experts ...
-
ArticleSnipes buys the U.S. chain Jimmy Jazz
Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...
-
News briefs
Rudholm Group acquires Euro Brand Management for sustainable packaging
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
-
ArticleShelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
-
News briefs
Gruppo Florence mulls acquisitions in footwear, leather goods
Gruppo Florence, an Italian holding company controlling various fashion brands, is considering acquistions, especially in footwear and leather goods, the CEO Attlia Kiss told Pambianconews. He said that after completing the creation of an apparel hub, which occurred last year, “in 2022 our project will be extended to leatherwear and ...
-
News briefs
StockX acquires Scout
StockX is making its first acquisition, and the target company is Scout, which has developed a the cloud-based inventory-management software topShelf. Once the deal goes through and the integration is completed, StockX will be inviting certain subscribers to use Scout’s automation, inventory management, distribution and pricing tools free of charge. ...
-
News briefs
Nice Footwear IPO priced €10 a share
Nice Footwear, an Italian company specializing in sneakers, priced its initial public offering (IPO) at €10.00 per share, in the middle of its indicative price of €9.00-€11.00. The stock is scheduled to start trading on the Euronext Growth segment of the Milan stock exchange on Nov. 18. The company sold ...
-
ArticleAlpargatas sells Osklen to focus on Havaianas
Completing its reorganization, Alpargatas is divesting its 60 percent stake in Osklen, a Brazilian brand of sustainable surf- and skate-inspired clothing and footwear, to focus on Havaianas, the big international brand of rubber sandals. Alpargatas had already transferred its regional Mizuno license to Vulcabras, parent company of Olympikus, in the ...
-
News briefs
Mime et moi is up for sale
In order to relaunch the Munich-based brand Mime et moi, the administrator Axel Bierbach from the law firm Müller-Heydenreich Bierbach & Kollegen (Munich) has launched a procedure to find an investor who can inject fresh capital into the start-up in order to guarantee the continuation of its activities and save ...
-
ArticleAllbirds rises sharply in stock market debut
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel sold in a direct-to-consumer mode, started trading on the Nasdaq exchange under the ticker symbol BIRD at an opening price of $21.21 per share on Wednesday, Nov. 3. That was about 60 percent above the ...
-
News briefs
Galaxy will buy Sequential’s active brands for $330m
Galaxy Universal announced that it has won the auction for the active brands portfolio of the bankrupt Sequential Brands Group, which includes And1, Avia, Gaiam and SPRI. The $330 million deal, which is still subject to court approval, is expected to close in mid-November. Galaxy had already made a “stalking ...
-
ArticleAllbirds valued up to $2.2bn in IPO
Allbirds, the loss-making, B Corporation certified Californian brand of footwear and apparel, has set a price range of $12.00 to $14.00 dollars per share for its initial public offering (IPO), valuing the company up to $2.2 billion. The company applied to list its Class A common stock on The Nasdaq ...
-
News briefs
JD Sports buys Greek firm Cosmos Sport
JD Sports Fashion, the UK retailer of sports, fashion and outdoor brands, has acquired 80 percent of Cosmos Sport. No financial details were released. Based in Crete, Greece, Cosmos was founded in 1982 by Fragiskos Tsiknakis. Prior to the purchase, Cosmos was 70 percent owned by the Tsiknakis family with ...
