All M&A articles – Page 4
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News briefs
Softstar Shoes acquires SOM Footwear
Softstar Shoes, an Oregon-based footwear company celebrating its 40th anniversary, has acquired Sense of Motion (SOM) Footwear, a producer of outdoor minimalist footwear located in Montrose, Colorado. No financial details were released. Softstar Shoes is a certified B Corp that has been designing and handcrafting minimal leather footwear in the ...
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ArticleAuthentic Brands Group takes over Guess
Guess has agreed to be taken private by a group of investors including Authentic Brands Group (ABG) in a deal valuing the American apparel company $1.4 billion, including debt. Under the terms of the deal, some of Guess’ existing shareholders, including Paul Marciano, Maurice Marciano, Nicolai Marciano and the company’s ...
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Gildan buys HanesBrands
The Canadian fashion group Gildan Activewear has entered into a definitive merger agreement to acquire HanesBrands, a US apparel brand. The transaction implies an equity value of approximately US$ 2.2 billion and an enterprise value of approximately $4.4 billion. Under the terms of the merger agreement, HanesBrands shareholders will receive ...
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Article
Beaumanoir buys part of Naf Naf’s assets
Beaumanoir, a French fashion group, has bought part of the assets of the French fashion retailer Naf Naf, which was placed into receivership on May 30 by a commercial tribunal based in Bobigny, in the outskirts of Paris. Under the court supervised agreement, Beaumanoir will keep 55 of Naf Naf’s ...
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Caleres completes the acquisition of Stuart Weitzman
On Aug. 4, Caleres completed the acquisition of Stuart Weitzman from Tapestry for $120.2 million, which included $11.5 million in cash received at the closing. Excluding cash received at the closing, the net purchase price was $108.7 million. The price is subject to final adjustments for net working capital. The ...
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Temasek buys a 10% stake in Ermenegildo Zegna
Temasek, a Singapore-headquartered investment company, has increased its stake in Ermenegildo Zegna to 10 percent. The Italian fashion house has sold 14.1 million treasury shares to Temasek at $8.95 each. Thanks to the deal, Ermenegildo Zegna receives $126.4 million in cash. The funds will reinforce its balance sheet “at a ...
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ArticleMass plans to triple revenues thanks to support of a private equity firm
Advance Capital Partners, a Slovenian private equity firm, has reached a deal to acquire a 60 percent stake in Mass in order to finance the development of the Slovenian footwear retailer across Central and Eastern Europe and triple its revenues in five years. The deal is expected to be finalized ...
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ArticleCoats buys OrthoLite
Coats, a British manufacturer of industrial threads and footwear components, signed a definitive agreement to acquire OrthoLite Holdings, a leading US manufacturer of open-cell foam insoles, for an initial enterprise value of $770 million. The transaction, which also includes Cirql, a new biodegradable midsole technology backed by over 80 ...
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ArticleAllbirds sets up new financing agreements
Allbirds entered new financing agreements to optimize its working capital and enhance its financial flexibility to support long-term growth plans. A new $75 million asset-based revolving credit facility with Second Avenue Capital Partners, consisting of a $50 million tranche and a $25 million accordion feature, replaces the company’s previous $50 ...
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Lapo Elkann invests in Blu Scarpa
The Italian businessman Lapo Elkann has bought a minority stake in Blu Scarpa, an Italian startup founded in 2019 by Matthew Chevallard specializing in luxury sneakers. Thanks to Elkann’s support, the company “now aspires to solid and structured growth,” Chevallard said. Elkann is a member of the Agnelli family, ...
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ArticleNice buys the upper maker Emmepier
Nice Footwear has bought Emmepier, an Italian producer of uppers for high-end women’s shoes located in Vigonza, in the footwear cluster of Riviera del Brenta, in the in Italy’s northeastern region of Veneto. No financial details were available. Nice Footwear, which was created in 2016, has been carrying out acquisitions ...
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Hartjes takes over Vital Schuhe
The Austrian comfort shoe manufacturer Hartjes GmbH is expanding its footprint with the acquisition of the Vital Schuhe brand as Vital’s managing director Michael Neuner, a member of the company’s founding family, retires after 33 years in the footwear industry. Effective Aug. 1, 2025, Vital HSP GmbH, a newly established ...
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Prada buys a 10% stake in Rino Mastrotto
Prada Group announced an agreement to buy a 10 percent stake in the Italian leather group Rino Mastrotto, as it seeks to take tighter control over its production. According to the deal terms, the Italian fashion group will confer two tanneries to Rino Mastrotto – Italy’s Conceria Superior and France’s ...
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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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News briefs
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 ...
