All M&A articles – Page 5
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News briefs
Steve Madden buys Almost Famous to expand its apparel business
In a move to expand its apparel business, Steve Madden has bought Almost Famous, a designer and marketer of women’s apparel, for $52 million in cash, plus an earn-out provision based on future financial performance. Almost Famous markets products under its own brands, primarily Almost Famous, as well as private ...
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EU clears Farfetch acquistion of YNAP stake from Richemont
The European Commission has unconditionally cleared the acquisition by the British online fashion retailer Farfetch of a 47.5 percent stake in Yoox Net-a-Porter (YNAP) from the Swiss luxury goods group Richemont in exchange of Farfetch shares. The commission was the last regulatory hurdle required to obtain clearance for the deal, ...
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Cinven may put Kurt Geiger up for sale
The private equity Cinven is working with its adviser Bank of America on a potential auction for Kurt Geiger, according to Sky News, adding that the sale process could start in the coming months. Cinven could be seeking to raise £400 million (€460m) in the sale. Cinven bought the British ...
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ArticleVF shareholder pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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ArticleFrasers to acquire SportScheck in Germany
The British retailer Frasers Group has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. Completion of the transaction will be subject to regularory clearance. Frasers expects the transaction to close in the first quarter of ...
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News briefs
Frasers increases its stake in Boohoo again
Frasers Group has increased its stake in the online fashion retailer Boohoo to 13.44% from 10.42%, according to a stock exchange filing. The British retailing group has been building up a stake in Boohoo. It previously said that it saw “potential synergies and an opportunity to strengthen our own brand ...
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Birkenstock disappoints on market debut
Birkenstock’s share price fell by 12.61 percent to $40.20 on Oct.11, its first trading day on the New York Stock Exchange, representing a market capitalization just above $7.5 billion. The sandal maker had priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price was ...
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News briefs
Birkenstock prices its IPO at $46 a share
Birkenstock has priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price is just slightly below the midpoint of the $44.00 to $49.00 price range previously announced by the sandal maker. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in ...
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Massimo Bonini invests in Giorgio Fabiani
Massimo Bonini, the Milan-based showroom operator, has bought a minority stake in the Italian shoemaker Giorgio Fabiani. The partnership aims to bolster Giorgio Fabiani’s manufacturing base and distribution network. The brands Missoni and Mugler, which both work with Massimo Bonini, are also expected to start working with the shoemaker. The ...
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News briefs
Frasers hikes its stake in Boohoo to 13.44%
The British retailing group Frasers Group has further increased its stake in the online fashion retailer Boohoo to 13.44 percent from 10.42 percent, according to a filing with the London Stock Exchange. Frasers has been building up a stake in Boohoo. At the end of August and early September, it ...
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ArticleBirkenstock valued up to $9.2bn in IPO
Birkenstock has set a value of up to $9.2 billion at the top end of the price range for its initial public offering (IPO), or more than seven times its annual sales. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in London, has filed for an ...
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ArticleReno completes partial restructuring but creditors’ claims triple
The ailing German shoe retailer Reno has completed a partial restructuring, the insolvency administrator said. “It is a positive development for a procedure that initially offered little hope of an even remotely satisfactory result,” Immo Hamer von Valtier from the InsoTreu law firm said in a statement. “By ...
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Articlea.k.a Brands in 1-for-12 reverse share split
a.k.a. Brands Holding Corp. will carry out a one-for-12 reverse stock split of its common stock, that will become effective on Sept. 29 at 5:01 PM Eastern Time, after the close of trading on the New York Stock Exchange (NYSE). On Oct. 2, 2023, the company’s common stock will begin ...
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Golden Goose shareholder reportedly hires an advisor for an IPO
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
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Mike Ashley cuts his stake in Hugo Boss
Mike Ashley, the majority owner of the British retailer Frasers Group, has cut his stake in Hugo Boss to 19.65 percent from a previous 24.39 percent, according to a regulatory filing from the German fashion house. The figure includes financial instruments owned by Frasers. Ashley now owns 1.63 percent in ...
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Peugeot Invest buys a stake in Gruppo Florence
Peugeot Invest, the holding company of the Peugeot family, has invested €20 million in Gruppo Florence, an Italian holding company that owns 26 suppliers to the luxury goods industry, including three footwear manufacturers, according to the daily Corriere della Sera. Peugeot Invest, which has a 7 percent stake in the ...
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ArticleBirkenstock applies for NYSE listing
Birkenstock Holding, which is registered in Jersey and has its headquarters in London, filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC). The company plans to list ordinary shares on the New York Stock Exchange under the ticker BIRK. No details were released regarding ...
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WHP buys majority stake in G-Star RAW
WHP Global, an American brand management firm, will acquire a majority interest in the denim brand G-Star RAW. No financial details were released. Under the terms of the agreement, the existing G-Star shareholders, including founder Jos van Tilburg, will retain a stake in the brand. The current management team of ...
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Autry could be valued €400m
The fast-growing Italian sneakers brand Autry could fetch a valuation of €400 million as its sale goes underway, according to the Italian business daily Il Sole 24 Ore. The valuation would represent about 10 times the company’s expected Ebitda of about €40 million this year on sales of €120 million. ...
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ArticleJungheinrich takes over the robotics firm Magazino
Jungheinrich, a Hamburg-based provider of logistics equipment and solutions, has taken full control of Magazino, a Munich-based robotics specialist. Magazino, which has 130 employees, was founded in January 2014 and created Toru, a robot that was developed to provide a flexible and economical automation solution in existing warehouses. It can ...
