All M&A articles – Page 30
-
ArticleACBC 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 raised all the ...
-
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 a going ...
-
News briefs
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, Lombardy. It will ...
-
News briefsHurley 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 evolve the Simple brand over ...
-
ArticleMoreschi’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 family said “we will not ...
-
ArticleFrench 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 was the only investor ...
-
Article
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 immigrants from Basilicata, the ...
-
News briefs
Iconix to review alternatives including a sale or merger
Iconix Brand Group, an American manufacturer and retailer of apparel and footwear, is studying “strategic alternatives” to enhance shareholder value, including a potential sale of the company or a merger with another party. The board has authorized management and its external advisors to consider a “broader range of strategic alternatives, ...
-
Article
Partial management buy-out for Globus
Globus, the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to take over the Swiss group this past February from the previous owner, the Migros cooperative of ...
-
News briefs
Daniel Footwear buys Johnsons Shoe Company
Newjohn Limited, a unit of the retailer Daniel Footwear, has bought Johnsons Shoe Company, a British family-run retailer, which fell victim to the Covid-19 pandemic and was placed into administration, a procedure which gives it protection from creditors, on April 23. Johnsons Shoe Company has been trading since 1952. Johnsons ...
-
News briefs
Falc buys Candice Cooper
The Italian footwear group Falc has bought Candice Cooper, a brand of luxury sneakers manufactured in Italy, from Swiss-based Candice Cooper AG. Despite the takeover, the autumn/winter collection will continue to be distributed by the former owner. Falc will manage the spring/summer 2021 collection, which will offer a larger women’s ...
-
Article
Antares eyes distressed Italian fashion assets
Italian private equity and debt-management group Antares is launching a new fund targeting investments among the country’s small and mid-sized financially-struggling fashion companies, whose ranks have grown with the Covid-19 pandemic. Antares has already raised €50 million in fresh cash for its “luxury and lifestyle” turnaround fund, largely with Italian ...
-
ArticleChange of ownership for Clergerie
First Heritage Brands has sold Maison Clergerie, the French maker of luxury footwear, to French Legacy Group, an investment fund of Swiss-based Mirabaud Asset Management. The financial terms of the transaction could not be obtained. In 2011, Robert Clergerie, the designer and founder had sold his company to First Heritage ...
-
News briefsHermès’ purchase of J3L cleared by the French antitrust agency
The French antitrust agency, Autorité de la concurrence, has authorized, without conditions, Hermès’ plans to take full control of J3L, that it currently jointly controls, on the grounds that the transaction does not hinder competition. J3L produces high-end metal parts for luxury companies, especially for handbags, briefcases, wallets and shoes. ...
-
ArticleBeaumanoir to buy a large chunk of La Halle’s assets
Beaumanoir, a French fashion group that owns the brands Morgan, Cache Cache, Bréal, Bonobo and Vib’s, says that it has been chosen by a Paris-based court to take over a large part of the assets of La Halle, a French apparel and shoe retailer. The company is due to take ...
-
News briefs
La Halle will know its buyer(s) on July 8
La Halle, currently in receivership, will know who are its buyer or buyers on July 8, according to its current owner Vivarte. La Halle received 25 bids for its assets, which represent a significant part of its activity. A Paris-based commercial tribunal will decide to whom the assets will be ...
-
Article
André’s former head makes partial takeover offer
A Grenoble-based commercial court is expected to decide on July 24 on the future of the footwear chain André, which is currently in receivership. It filed for bankruptcy on March 23 after its owner Spartoo was unable to obtain sufficient financing to continue the business. André was losing money even ...
-
Article
Italian components group Margot looks to grow
Margot, an Italian group that makes metallic components for luxury leather goods, shoes and eyewear that is controlled by the private equity Mandarin Capital Partners, is looking to expand with an acquisition in the third or fourth quarter of this year, says Andrea Tuccio, a partner with Mandarin. The aim ...
-
Article
Boohoo buys two brands, Oasis and Warehouse
In the wake of its capital increase, that raised £197.7 million (€220.8m-$248.0m) in gross proceeds on May 15, the U.K. online fashion retailer Boohoo has bought two brands, Oasis and Warehouse, for £5.25 million (€5.9m-$6.6m) from Hilco Capital. The two brands will be integrated onto Boohoo’s platform, benefiting from the ...
-
News briefs
Zalando extends Connected Retail aid package to Poland, Sweden, Spain
From July, Zalando will be extending its offer to waive commissions on its Connected Retail program to Poland, Sweden and Spain. The initiative, which was originally aimed at supporting brick-and-mortar stores during the coronavirus crisis, was introduced in Germany and the Netherlands on April 1. The offer will run until ...
