All M&A articles – Page 33
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News briefs
Ferragamo acquires Arts
For about €15 million, Salvatore Ferragamo is buying the whole capital of Arts, an Italian company in Scandicci, near Florence, that specializes in the production of prototypes, engineering, quality control and the monitoring of suppliers for the production of men’s shoes. The owner of Arts is Gerry Ferragamo, a nephew ...
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Article
Footway bids for Sportamore
The Footway Group, a Swedish online shoe retailer that is expanding internationally, announced on Feb. 17 that it wants to buy Sportamore, a leading Swedish online retailer of sports products. Footway has offered to pay 439 million kronor (€41.5m-$44.9m) in cash and shares for Sportamore, or a premium of around ...
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Article
Change of control for Baldinini
An Italian investment company, Finross, is taking over the control of Baldinini, the well-known Italian shoe company. According to a local newspaper, Il Resto del Carlino, Finross, which is owned by the Rossetti family and based in Bologna, is acquiring a 60 percent stake in the 110-year-old company for €13 ...
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Article
Shandong Ruyi fails to complete Bally’s takeover
It’s not clear at this stage whether Shandong Ruyi will be the new owner of Bally. The Chinese textile and clothing manufacturer has failed to obtain financing to complete the $600 million acquisition of the Swiss shoe brand, according to the Reuters. Bally confirmed that the deal that was announced ...
