All M&A articles – Page 27
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ArticleAsos buys four Arcadia brands in £330m deal
The British online retailer Asos has snapped up Arcadia’s fashion brands Topshop, Topman, Miss Selfridge and the sportswear brand HIIT from the administrators Deloitte in a deal worth about £330 million (€373.0m-$451.1m). Arcadia collapsed in November 2020. The deal, funded out of cash reserves, does not include 70 stores, and ...
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ArticleJD Sports continues U.S. expansion with DTLR acquisition
After the recent acquisition of Shoe Palace, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa. Based in Baltimore, and currently majority owned by the New York-based private equity firms BRS & Co. and Goode Capital, DTLR was ...
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ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia-owned brands: Dorothy Perkins, Wallis and Burton. In a filing with the London Stock Exchange, Boohoo stressed that no deal is guaranteed. The acknowledgement came after Sky News revealed that talks were ongoing ...
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ArticleDr. Martens valued up to £3.7bn in IPO
Dr. Martens is being valued between £3.3-3.7 billion (€3.7bn-$4.5bn to €4.2bn-$5.1bn) in its public offering that is already fully booked. The private equity firm Permira and other investors are selling as many as 350 million shares at 330-370 pence each (€3.73-$4.53 to €4.18-$5.08). The stake represents 35 percent of the ...
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ArticleCole Haan drops IPO plan
U.S. shoe and accessories company Cole Haan has dropped plans for an initial public offering (IPO) almost a year after filing its intention to list. In a filing to the U.S. Securities and Exchange Commission (SEC), the New Hampshire-based company disclosed it had “determined not to proceed with the proposed ...
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ArticleRocky Brands buys footwear brands from Honeywell for $230m
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger brands. Thanks to ...
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ArticleSergio Rossi’s owner is reportedly considering to sell
Investindustrial, the investment fund which wholly owns Sergio Rossi, is considering selling the Italian manufacturer of luxury shoes. According to the daily Corriere della Sera, Investindustrial has hired the investment bank Rothschild to study the future strategy for the shoemaker in which it has invested €100 million between the acquisition ...
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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 ...
