All M&A articles – Page 3
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News briefs
L Catterton sells down its stake in Birkenstock
Birkenstock Holding said that the private equity firm L Catterton is selling a 9.5 percent stake in the parent of the German sandal maker Birkenstock. Through an underwritten secondary public offering, BK LC Lux MidCo (MidCo), an entity affiliated with L Catterton, is selling 17,927,344 Birkenstock shares at $52.50 each, ...
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Levi Strauss to sell Dockers to Authentic Brands
Levi Strauss & Co has agreed to sell Dockers to Authentic Brands Group for $311 million. The transaction could reach as much as $391 million through an $80 million earnout opportunity. The San Francisco-based jeans maker said last year it was considering a sale of Dockers, renowned for its khakis ...
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Canadian Tire acquires Hudson’s Bay’s brands
On May 15, Canadian Tire Corporation (CTC) announced it has signed a definitive agreement to acquire the intellectual property portfolio of Hudson’s Bay Company (HBC), one of Canada’s oldest retailers. The $30 million comprises HBC’s intellectual property portfolio, including brand labels and designs for the HBC Stripes, Hudson’s Bay Company, ...
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ArticleClergerie is taken over by the Spanish company Petrel 92 SL
Clergerie has been taken over by the Spanish group Petrel 92 SL, but the future of the staff of the French manufacturer of luxury footwear remains uncertain. Petrel 92 SL’s takeover offer was placed after the commercial court of Romans-sur-Isère, France, announced on April 8 the liquidation of the French ...
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Zehenspiel continues to expand its retail network
The German barefoot shoe retailer Zehenspiel has opened a new store in Erbach, in the state of Hesse, the latest addition to its expanding retail network. Covering 380 square meters, the new store at Stockheimer Ring 23 offers more than 14,000 pairs of shoes, complemented by a data-driven consulting concept ...
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ArticleDick’s Sporting Goods to buy Foot Locker for $2.4bn
The US sporting goods retailer Dick’s Sporting Goods has reached an agreement to acquire the footwear and apparel retailer Foot Locker for about $2.4 billion in move that is expected to significantly increase its buying power of sporting goods. The enterprise value for the deal, which includes the debt Dick’s ...
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ArticleEmerging designer: One step at a time; Meeko aims for responsible and respectful manufacturing
Headquartered in Malakoff, a suburban commune located south of Paris, Meeko is the brainchild of Guillaume Mesly d’Arloz and Maxime Savart, whose extensive travels and volunteer work in far-flung lands led them to create a shoe that respects nature to the max, while being versatile and durable. Mid-way between a ...
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ArticleGlam buys the Moreschi brand
The Italian company Glam has bought the Moreschi and Stemar brands for €1.738 million, according to media reports. The acquisition also includes machinery, furniture, raw materials and an inventory of about 7,000 pairs. Glam will also be taking over the lease of the Moreschi store in the center of Milan, ...
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News briefs
Former Gucci CEO invests in Be Sneakers
Patrizio Di Marco, the former CEO of the Italian luxury fashion brands Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers. The financial details of the transaction have not been disclosed. Di Marco has also joined the Be Sneakers board. Be Sneakers is an Italian sneaker manufacturer ...
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ArticleSkechers goes private as it is acquired by 3G Capital
Skechers has agreed to be acquired by the investment firm 3G Capital in a $9.4 billion deal that will lead to the delisting of the US footwear company. Skechers will continue to be led by its Chairman and CEO, Robert Greenberg, President, Michael Greenberg, and Chief Operating Officer, David Weinberg. ...
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News briefs
Hudson’s Bay liquidates its remaining stores
On April 25, Hudson’s Bay Company, the Canadian group comprising the retailer Hudson’s Bay and TheBay.com, started liquidating inventory at its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The group believes that ”a viable bid for the current six-store model is unlikely.” The locations join the ...
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ArticleCapezio changes hands but the CEO remains
Argand Partners, a New York-based private equity firm, has bought Ballet Makers, the US owner of the Capezio brand of dance shoes. The terms of the transaction were not disclosed. Founded in 1887, Capezio designs and manufactures premium and highly technical footwear, apparel, and accessories that support dancers and athletes ...
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ArticleAstorMueller sets up a joint venture in India
AstorMueller has set up a joint venture in India called Nuvora as the Swiss footwear group aims to make the fast-growing Asian country one of its main markets. AstorMueller is the exclusive worldwide license holder for Bugatti and Daniel Hechter shoes. In August 2023, it acquired the trademark rights to ...
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ArticlePrada buys Versace from Capri
Capri Holdings Limited has entered into a definitive agreement to sell Versace to Prada SpA for $1.375 billion (€1.25bn) on a debt and cash free basis. The transaction is expected to close in the second half of 2025. “Versace is an iconic Italian fashion luxury house founded 46 years ago ...
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News briefs
Coats to exit US yarns business
Coats intends to fully exit from the US yarns business run by its Performance Materials (PM) unit in Kings Mountain, North Carolina. “This follows the strategic review of the Americas Yarns business, which started in Q4 2024 and has already resulted in the closure of the Toluca, Mexico facility in ...
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ArticleCovision Media raises €5m in seed funding round
The Italian startup Covision Media has raised €5 million in a seed funding round. The investment will accelerate the company’s expansion as well as the development and global commercialization of its cutting-edge 3D scanning technology. The seed funding round was led by the Artificial Intelligence Fund of CDP Venture Capital, ...
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Asos’ key shareholders hike their stakes
Bestseller, owned by Danish billionaire Anders Holch Povlsen, increased its stake in Asos to 28.0 percent from 27.1 percent on March 17 through its subsidiary Aktieselskabet, according to bourse filing released by the London Stock Exchange on March 19. Meanwhile, on March 19, Frasers Group hiked its stake in the ...
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Sneakersnstuff is back on track
Reziprok, the new owner of Sneakersnstuff, also referred to as SNS, has appointed Erik Manzano Fagerlind as the new CEO of the Swedish sneaker retailer. Manzano Fagerlind is a co-founder of SNS. On Jan. 20, after 25 years in the retail spotlight, SNS filed for bankruptcy at the Swedish Companies ...
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Guess receives offer to be taken over by WHP
Guess’ board received a non-binding offer from WHP Global to take the US clothing, footwear and accessories company private for $13 a share in cash. The takeover, carried out through WHP Investments, would not buy the shares of certain existing shareholders, including Paul Marciano, Maurice Marciano and Carlos Alberini, the ...
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News briefs
Ananta Capital invests in the Indian sneaker brand Bacca Bucci
Bacca Bucci, an Indian direct-to-consumer sneaker brand launched in 2013, has raised an undisclosed amount from Mumbai-based Ananta Capital. “This investment from Ananta Capital is not just about funding – it’s about aligning with a partner that understands our vision and has the expertise to help us scale our ambitions ...
