All M&A articles – Page 27
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ArticleBoohoo, Asos make moves on top U.K. brands
The British online fast fashion retailer Boohoo has acquired all of the intellectual property assets, including customer data and related business information and selected contracts, of the U.K. department store chain Debenhams, which is currently under administration, for £55 million (€75.3m-$69.1m), plus value-added tax, in cash. The purchase does ...
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Article
Artémis invests in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
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News briefs
Mytheresa IPO to raise $407m
The initial public offering (IPO) of the parent company of Mytheresa, a Munich-based online retailer of luxury fashion, is due to raise nearly $407 million. The transaction values the company $2.2 billion. The company started trading on the New York Stock Exchange on Jan. 21 and the offering is expected ...
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ArticleLi Ning’s unit Viva China may take over Clarks for £51m
Chinese Olympic gold-medallist-turned-businessman Li Ning is about to take control of the British shoe maker Clarks less than a month after the iconic brand sold a majority stake to the Hong Kong-based private equity firm LionRock Capital. Li is the non-executive chairman of LionRock. Li, a former gymnastics star who ...
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News briefsCVC reportedly in talks to buy Birkenstock
The private equity CVC Capital Partners is in talks to buy Birkenstock, according to the news agency Bloomberg. Citing people familiar with the matter, Bloomberg said that the family-owned shoe maker could be valued more than €4 billion including debt. No final decision has been made and talks may not ...
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News briefsDr. Martens’ listing is scheduled early February
The British shoe maker Dr. Martens confirmed its intention to undertake an initial public offering, which is expected to be completed early February with the listing on the London Stock Exchange. The offer will comprise the sale of existing shares by IngreLux, a Luxembourg company owned by funds advised by ...
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News briefs
Argentine tannery Curtiembres Fonseca changes ownership
The Argentine tannery Curtiembres Fonseca was taken over by a group of local investors. The company said that the transaction ensures the continuity of the business and that contracts with customers and suppliers will be honored and jobs maintained. The new president of the board, Raúl Zylbersztein, indicated that he ...
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ArticleDr. Martens steps forward with plans for London listing
The iconic British boot brand Dr. Martens plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales. The company, whose boots and shoes were made famous in the punk era and are enjoying a resurgence in popularity today, expects an eventual ...
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News briefs
Onward Luxury Group taken over by its management, changes names
The Japanese group Onward Holdings has sold its Italian unit Onward Luxury Group (OLG) to the latter’s management. With the management buyout completed in December, the company has changed names to High Italian Manufacturing (HIM). OLG was bought through the holding company Nemo which is owned by OLG’s chairman Fabio ...
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News briefsBeaumanoir sells a majority stake in its Chinese business
Beaumanoir, the French clothing and footwear retailer, has sold a majority stake in its Chinese business to Zhongke, which recently bought C&A’s activities in the country. No financial details were released. Beaumanoir decided to set up a “strategic partnership” with Zhongke because the Chinese market is evolving and the support ...
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ArticleClarks' shareholders approve £100m rescue deal with LionRock Capital
Shareholders of the British shoe maker Clarks have approved the £100 million (€110m - $134m) rescue deal with the Hong Kong-based private equity firm LionRock Capital. The iconic 195-year-old retailer was forced to seek financial help under a company voluntary arrangement (CVA) amid plunging sales in a weak trading environment ...
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ArticleArcadia break up starts as Australia’s City Chic buys Evans for £23 million
The breakup of Philip Green’s Arcadia retail empire has started with the £23 million (€25m - $30.6m) sale of the plus-size clothing brand Evans to the Australian firm, City Chic Collective. Deloitte, appointed as administrator after Arcadia collapsed last month, said the deal excludes physical stores, with City Chic operating ...
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News briefs
Shoe Carnival launches new $50 million share buyback
Shoe Carnival’s board authorized a new share repurchase program of up to $50 million, effective from Jan. 1. The share buyback will replace the existing $50 million share buyback that was cleared on Dec. 12, 2019. Currently, $43.1 million remain available under the existing program and additional purchases may still ...
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ArticleJD Sports expands massively in Western U.S. with Shoe Palace acquisition
JD Sports Fashion, a British retailer and distributor of sportswear and fashionwear, has acquired the American company Shoe Palace from the Mersho family in a cash and stock deal worth over $680 million. JD Sports, through its wholly-owned holding company in the U.S., Genesis, acquired 100 percent of both the ...
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News briefs
Ashley and ABG vie for Debenhams and Arcadia
Mike Ashley, the acquisitive boss of Frasers Group who is bidding for Debenhams, the biggest and oldest British department store chain, is reportedly interested now also in some of the assets of Arcadia, the bankrupt fashion retailing group that holds the largest number of concessions in Debenhams stores. His interests ...
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ArticleSpartoo gives JB Martin a second chance
JB Martin, a well-known French shoe company, was put into liquidation by the Paris Commercial Court on June 2, 2020. After several years of difficulties, the company suffered a death blow from the Covid-19 pandemic. Two weeks after the court ruling, its 125 employees received their letters of dismissal. The ...
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News briefsMichael Dornseifer buys Wolkenwerk
The businessman and footwear veteran, Michael Dornseifer, has bought the slipper brand Wolkenwerk from Hans Kreuch, who launched the label in 2016. Dornseifer sees Wolkenwerk as an “ideal” fit with his two other brands Bali-Bali and Jonny’s. Wolkenwerk retails at €49-59 and the collection is largely composed of women’s models. ...
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ArticleJoya expands in Austria with Passt takeover
The Swiss brand of comfort shoes Joya has strengthened its position in the Austrian market by acquiring Passt’s six stores across the country in a bid to consolidate its retail presence and further develop the brand. Established in 2008, Passt is a retailer of comfort shoes with stores in ...
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News briefsItalian industrial dynasty takes over Shang Xia
The Italian holding company Exor will invest €80 million in the Chinese luxury goods company Shang Xia, of which the French luxury goods company Hermès is a key shareholder. Exor will inject the funds into Shang Xia via a reserved capital increase that will result in it becoming the company’s ...
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News briefsOzon raises $1.20 billion in IPO and placement
The Russian e-commerce group Ozon raised $1.20 billion in an initial public offering (IPO) and a private placement with its shareholders AFK Sistema and Baring Vostok Fund. Through the two transactions, Ozon issued 42.45 million shares at $30 each, resulting in $1.27 billion in gross proceeds, but the monies fell ...
