All M&A articles – Page 25
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News briefs
On Running is again reported to be eyeing an IPO
On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...
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VF divests its occupational workwear operations
Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The group is ...
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Kinetyx gets funding for its “kinesomic sensory insole”
Kinetyx’ director, Robin Thurston, believes that every shoe in the world will be fitted with sensors twenty years from now. The Canadian high-tech company, which was spun off by its parent, Orpyx Medical Technologies, nearly one year ago, has secured new funding for its continued R&D on a “kinesomic sensory ...
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Allbirds reportedly preparing for IPO
Allbirds, the B Corporation certified Californian brand of footwear and apparel, is interviewing banks in preparation for an initial public offering (IPO), according to the DealBook newsletter of The New York Times. The company was last valued at around $1.7 billion in a $100 million Series E funding round held ...
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Sequential sells Heelys for $11m
The Sequential Brands Group, which is under strong pressure to pay back its debts, has sold the Heelys brand of wheeled shoes to BBC International, a U.S. footwear company that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. Heelys was one of the ...
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Snap paid $124.4 million for Fit Analytics
The American social media company Snap paid $124.4 million to acquire Fit Analytics, a German sizing technology company that powers solutions for retailers and brands, it bought in March 2021. The information was contained in 10-Q form filed with the U.S. Securities and Exchange Commission. Snap added that in 2020 ...
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ArticleLVMH hikes stake in Tod’s to 10% and triggers takeover speculation
Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman Diego Della ...
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ArticleThe Hickies brand of no-tie shoelaces is for sale
Acting in behalf of Midcap Funding XVII Trust, which is Hickies’ main lender, Hilco Streambank is seeking bids for the acquisition of the American brand of no-tie shoelaces and related assets on its website by May 20 at the latest, setting a date of May 25 for their auction. The ...
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Steve Madden takes full control of its European unit
Steve Madden has completed the acquisition of the 49.9 percent stake that it did not already own of its European joint venture. The subsidiary was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. “Since its formation nearly five years ago, our European ...
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Boohoo buys new London office for £72 million
The British online fashion retailer Boohoo has acquired a new office in Soho, in London’s West End for £72 million pounds (€83m-$99m). Since acquiring the Karen Millen and Coast brands in 2019, the group’s presence in London has grown significantly through organic growth and more recently through the acquisitions of ...
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Sale of 65% of Garmont completed
Garmont International reported that the previously announced acquisition of a 65 percent stake in the company’s share capital by Milan-based Riello lnvestimenti Partners SGR has been finalized. Of the remaining 35 percent of the company, Pierangelo Bressan, the current president and CEO, holds a 30 percent stake. He will continue ...
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Asos issues a £500 million convertible bond
The U.K. online fashion retailer Asos is selling £500 million (€577.5m-$686.6m) in senior unsecured guaranteed convertible bonds due in 2026. The bonds are being offered by the company’s wholly-owned subsidiary Cornwall. The proceeds will be used to fund the company’s global growth, as well as the acquisition of Topshop brands ...
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HandsFree Labs gets $3 million in funding round
HandsFree Labs, the Utah-based company that partnered with Nike to create the Go FlyEase laceless clog due to become available on nike.com on Apr. 30 for $120 per pair, has raised $3 million in a new round of funding led by the Frazier Group. The hands-free footwear technology company had ...
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ArticleStockX's value surges to $3.8 billion
StockX, the American online market for sneakers, raised $195 million in a secondary tender offering and an additional $60 million in Series E-1 primary shares at a $3.8 billion valuation. Altimeter Capital led the all-cash offer, with the participation of existing investors and of a new institutional investor, Dragoneer. The ...
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Cuir Invest buys a stake in Souliers Martinez
The investment fund Cuir Invest, focused on the leather and footwear sectors, has invested in the French shoe maker Souliers Martinez, which was created in 2017 buy Julien Martinez. The fund will help the development of the brand which is already sold worldwide through selected resellers and department stores, as ...
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Carlyle buys majority stake in END.
The American private equity The Carlyle Group has agreed to acquire a majority stake in the British luxury, streetwear and sportswear retailer END., which operates the website www.endclothing.com. The stake is being acquired from the founders Christiaan Ashworth and John Parker, who will retain a significant minority stake and remain ...
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News briefsRocky Brands closes Honeywell footwear’s takeover
Rocky Brands has completed its $230 million acquisition of the performance and lifestyle footwear operations of Honeywell International, noting that it will be immediately accretive to its own results. The business, which includes The Original Muck Boot Company and the Xtratuf, Servus, NEOS and Ranger brands, generated Ebitda of about ...
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Unlimited Footwear Group buys Braend
The Dutch footwear company Unlimited Footwear Group (UFG), best known for its Bullboxer brand, has taken over the men’s footwear brand Braend, which was founded in 2001 by Jasper van der Velden. The two companies are based in the Dutch footwear cluster of Waalwijk. Van der Velden will remain as ...
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ArticleJD expands in Central and Eastern Europe
Pursuing its international expansion, JD Sports Fashion has signed an agreement to acquire a 60 percent stake in the Marketing Investment Group (MIG), a wholesaler and multi-channel retailer with a network of 410 retail stores in Poland and eight other neighboring countries. The deal is due to be closed before ...
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ArticleItalian industrial dynasty buys 24% stake in Christian Louboutin
The Dutch incorporated holding company Exor will invest €541 million to buy a 24 percent stake in the French luxury shoe maker Christian Louboutin, which is controlled by the founders. The transaction is expected to close in the second quarter and Exor will have the right to appoint two of ...
