All M&A articles – Page 3
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ArticleBrand reshuffle in the Brazilian footwear industry
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Grendene boosting its women’s collection, Vulcabras Azaleia focusing on sportswear and Alpargatas concentrating on its key brands, including Havaianas .
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Alma FRC Group unit Débé takes over Tacco
Tacco Footcare , a German shoe-care producer, announced on its Facebook page that it has been acquired by the Belgian insole producer Débé , which in turn is owned by Alma FRC Group , a French manufacturer of shoe care and shoe accessory products. Tacco will be included ...
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Article
Sioux completes restructuring of wholesale division
Less than three months after filing for insolvency, Sioux GmbH successfully underwent a restructuring that will allow the wholesale business to remain part of Sioux Group . The company, which deals with shoe retailers for the Sioux Group, is being taken over by Sioux Schuh GmbH , a ...
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Hong Kong’s LionRock reportedly enters Clarks bidding war
Iconic UK shoe retailer Clarks is reportedly the target of two suitors vying to take a stake in the troubled firm. Hong Kong-based private equity firm LionRock Capital has entered the race to refinance the company, which could see the end of 200 years of majority family ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional ...
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Nicholas Kirkwood takes back brands from LVMH
The British designer Nicholas Kirkwood is taking back his namesake luxury shoe brand from LVMH after a seven-year partnership. The French conglomerate said that the decision was mutual and amicable and that it would continue supporting Kirkwood over the coming months to ensure a smooth transition. No ...
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U.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok . The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to ...
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Article
Klarna valued $10.65 billion in funding round
Klarna , the Swedish provider of online payment services, raised $650 million in an equity funding round, which values the whole company $10.65 billion. Klarna claims that the valuation ranks it as the highest-valued private fintech in Europe and the 4th worldwide. The funding round was led by ...
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News briefs
Shoe Zone CEO and chairman increase their stakes
Anthony Smith , the chief executive of Shoe Zone , and Charles Smith , the company’s chairman, have increased their stakes in the British footwear retailer by buying the shares owned by Jeremy Sharman, a non‐executive director of the company who has decided to leave the board after holding a ...
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German shoe chain Dielmann seeks investors
On Sept. 1, the Darmstadt District Court opened creditor protection proceedings for the local footwear chain Schuhhaus Dielmann and the sports retailer Sporthaus Robert Hübner . Self-administration was decided for both companies. The previous managements stepped down from both companies in June with the application of so-called protective shield ...
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News briefs
Walmart launches Walmart+ membership program
Walmart is launching the membership program Walmart+ , its much anticipated response to Amazon Prime . Membership will be available to all U.S. customers on Sept. 15. It will cost $98 a year or $12.95 a month and includes a 15-day free trial period. Members will receive unlimited ...
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Deichmann unit vanHaren to buy 43 Brantano stores in Belgium
The Dutch footwear retailer vanHaren , a unit of the German retailer Deichmann , will take over 43 Brantano stores located in Belgium on Oct. 1. This represents less than half of Brantano’s more than 100 stores in the country. The details of the agreement still have to ...
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News briefs
Lanxess sells organic leather chemicals business, launches Adiprene Green
The German specialty chemicals company Lanxess is selling its organic leather chemicals business to TFL Ledertechnik . The purchase price is made up from a fixed component of €80 million and a performance-related component of up to €115 million. In addition, TFL will assume certain liabilities associated with the ...
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ACBC raises €2.3 million in capital hike
ACBC , a Milan-based start-up company that is offering a modular footwear technology, completed a €2.3 million capital increase in which a pool of investors took part. The online investing platform Doorway put nearly €1 million into the company through the capital injection. ACBC said that it has ...
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News briefs
ABG, SPARC picked to buy Brooks Brothers for $325 million
The iconic American apparel group Brooks Brothers has selected Authentic Brands Group (ABG) and its partially owned retail unit SPARC as the winning bidders of a competitive sale process after they increased their offer to $325 million for the vast majority of the company’s global business operations as ...
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Chanel buys Italian tannery Conceria Gaiera
The French fashion house Chanel has further tightened the control of its supply chain by buying the Italian tannery Conceria Gaiera that supplies leather for footwear and leathergoods, according to the website La Conceria . The tanner was founded in 1946 and is based in Robecchetto con Induno, ...
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News briefs
Hurley family takes over Simple
Kandui Holdings , founded by the Hurley family, has acquired the assets and intellectual property of the American brand Simple from KTSimple . Financial details were not disclosed. The acquisition is being carried through Simple Shoes , that will continue all ongoing operations with plans to enhance and ...
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Article
Moreschi’s relaunch is in turmoil
The Moreschi family is seeking to block the transfer of a 50.37 percent in the namesake company to Hurley , a Swiss company run by Guido Scalfi , on the grounds that an agreement to relaunch the company is not being respected. In a statement, the Moreschi ...
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French court clears André’s takeover by its former CEO
On July 28, a commercial court based in Grenoble, France, authorized François Feijoo to take over from Aug. 5 the footwear retailer André . The company filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. Feijoo ...
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Chaussea obtains 128 La Halle stores
The French footwear retailer Chaussea is taking over 128 stores and 700 employees of the apparel and footwear retailer La Halle , which is being sold piecemeal after filing for insolvency. Founded in 1984 in Valleroy, near Metz, by Gaëtan and Michel Grieco , the sons of Italian ...
