All M&A articles – Page 28
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News briefsOzon enjoys a successful IPO
The e-commerce giant Ozon went public on Nov. 24 on the Nasdaq stock exchange in New York, and enjoyed one of the most successful initial public offerings (IPO) for a Russian business in years. The company managed to sell 33 million shares at $30 each, raising $990 million. Initially, the ...
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ArticleMaterial Exchange raises €5 million to accelerate growth
Material Exchange, the Swedish online platform for the procurement of materials, raised €5 million in a funding round as it seeks to accelerate its growth plans after the “business exploded” during the Covid-19 pandemic. “The Covid-19 pandemic has accelerated the digitalization of the industry by at least five years,” said ...
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News briefs
Permira reportedly hires advisors for Dr. Martens’ IPO
The private equity company Permira has hired Goldman Sachs and Morgan Stanley to organize a possible initial public offering of Dr. Martens, according to media reports. The British private equity company plans to float the footwear company on the London Stock Exchange. Permira bought Dr. Martens from the Griggs family ...
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News briefsHotter owner prepares to sell the company
Electra Private Equity has hired the investment bank Stifel Nicolaus Europe to prepare the sale of Hotter Shoes. The timing of the disposal will be determined over the coming months as trading patterns normalize in Hotter’s new business model focused on direct to consumer channels predominantly in the U.K. and ...
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ArticleVF buys Supreme in $2.1bn deal
VF Corp. has announced a definitive agreement to acquire Supreme, a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. The transaction is expected to close before the end of 2020 and is based on an enterprise value of $2.1 billion ...
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ArticleEurazeo takes over premium sneaker brand Axel Arigato
Eurazeo, the French investment company which recently sold its remaining stake in Farfetch, has bought a majority stake in Axel Arigato, a Swedish brand of premium sneakers, ready-to- wear and accessories for €56 million. The investment was carried out by Eurazeo Brands, a division focused on consumer brands. The company ...
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News briefsMelania changes ownership
Melania Italia, an Italian footwear company specializing in children’s shoes based in the footwear cluster in the Marche region, has been sold by the founding Gironacci family to two investors, F. & C. Gruppo Imprenditoriale d’Investimenti and Società and D’Amico Group Holding & Company. Melania was founded in 1966 by ...
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ArticleClarks reaches £100m rescue deal with private equity LionRock
The Asian private equity firm LionRock Capital has reached an agreement to rescue the iconic British shoe brand Clarks in a £100 million (€110.9m, $130.0m) deal that will see the founding family keep a stake in the business. The deal, which requires approval of a Company Voluntary Arrangement (CVA), will ...
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News briefsEurazeo sells stake in Farfetch
The French investment house Eurazeo has sold its minority stake in Farfetch, a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch to develop business among ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
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News briefsMyShoes buys eight stores from Dielmann
Schuhhaus Dielmann, the German footwear chain currently in administration under creditor protection proceedings, will sell eight stores to MyShoes. The deal still has to be cleared by the national competition regulator, Federal Cartel Office, and landlords, but is scheduled to close on Dec. 1. Previously Dielmann said it would close ...
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ArticleAustralian billionaire buys R.M. Williams
An Australian billionaire, Andrew Forrest, has bought R.M. Williams, the producer of an iconic Australian outback boot, from L Catterton, a private-equity company backed by LVMH, and some minority shareholders including the Australian actor Hugh Jackman. No financial details were disclosed but the Australian Financial Review said that the selling ...
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ArticleNew Italian fashion firm could expand into footwear
A newly created high-end Italian fashion firm known as Florence could look to expand into footwear and other accessories in the medium term after having built up a manufacturing hub in clothing, said Francesco Trapani, the chairman of Florence and former chief executive of Italian luxury jeweler Bulgari. Florence has ...
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News briefsCPC completes purchase of Shoes.com
CriticalPoint Capital (CPC), a Californian-based private equity firm, has completed the acquisition of Shoes.com from Walmart. No financial details were released. Shoes.com is an online retailer of footwear, apparel and accessories present in the U.S., and internationally, offering a broad assortment of athletic to casual brands for women, men, and ...
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News briefs
25 former André stores to be auctioned
Twenty-five former shops of the French footwear retailer André will be auctioned from Oct. 27 to 30 in Grenoble. In July, a Grenoble-based court had chosen François Feijoo to take over André which had filed for insolvency. But, Feijoo only kept 55 of André’s stores, out of a total fleet ...
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ArticleChanel buys Italian luxury shoe maker Ballin
Chanel has bought a majority stake in the Italian luxury shoe maker Ballin, which has its own brand and produces for third parties, including the French fashion house. The company will continue to be managed by the Ballin family and will be allowed to continue working with all its other ...
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ArticleStreetTrend buys Italian sneaker brand P448
StreetTrend has acquired the sneaker brand P448 from NoThanks, an Italian company based in Forli, and will enter it into its portfolio of footwear and fashion brands. StreetTrend is a fashion footwear and street wear brand company launched in 2017 by Wayne Kulkin, the former chief executive of Stuart Wetizman ...
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News briefs
Clarks reportedly enters exclusive talks with LionRock Capital
Clarks has decided to enter exclusive talks with LionRock Capital in order to sell a majority stake to the Hong Kong-based investment firm, the news agency Reuters reported citing a source familiar with the matter. It added that LionRock prevailed in an auction process and that the British footwear company ...
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News briefs
Dainese buys motorcycle boot producer TCX
The Italian motorcycle gear and sportswear group Dainese has acquired TCX, an Italian producer of motorcycle boots. Financial details for the acquisition of TCX, which is based in Montebelluna in the province of Treviso, were not disclosed. “TCX possesses in-depth technical and development expertise in the world of motorcycle footwear ...
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ArticleAllbirds raises $100 million in funding round
Allbirds, the Californian brand of sustainable footwear, has closed a $100 million Series E funding round led by Franklin Templeton, alongside T. Rowe Price, Baillie Gifford, TDM Growth Partners, Rockefeller Capital Management and other investors. According to The Wall Street Journal, which cites an inside source, the equity increase gives ...
