All M&A articles – Page 6
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Giuseppe Zanotti takes full control of his brand
Giuseppe Zanotti has bought back a 30 percent stake in his namesake brand from the investment fund L Catterton. The fund bought the stake in 2014, when it was called L Capital Management. No financial details were released. In statement, Giuseppe Zanotti thanked L Catterton for its support and collaboration ...
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Dassault Systèmes takes over Contentserv
Centric Software, a subsidiary of the French information technology group Dassault Systèmes has signed an agreement to acquire Contentserv, a provider of product information management and product experience management solutions, for an enterprise value of €220 million. Centric Software provides enterprise solutions to plan, design, develop, source, price and sell ...
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Galaxy Universal buys Reebok’s US business and will oversee operations in Europe
Galaxy Universal, a US footwear and brand management group controlled by the private equity firm Gainline Capital Partners, has acquired Reebok’s global product creation, sourcing and footwear operations in the US. “As part of the US operations, Galaxy will lead Reebok’s US footwear wholesale, retail and e-commerce channels, further solidifying ...
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Prada reportedly in exclusive talks to buy Versace
Prada Group has set a four-week period of exclusive talks to reach an agreement to buy Versace from Capri Holdings, according to the Italian daily Il Sole 24 Ore. The Italian fashion house is being advised by Goldman Sachs and Citi, according to the newspaper. Capri bought the Italian fashion ...
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ArticleCaleres buys Stuart Weitzman for $105m
Tapestry has entered into a definitive agreement to sell the Stuart Weitzman footwear brand to Caleres for $105 million. The transaction is expected to close in the summer of 2025. “The acquisition cements Caleres’ leadership position in women’s fashion footwear, particularly in the contemporary segment of the market,” Caleres said ...
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Kontoor Brands buys Helly Hansen for $900m
Kontoor Brands, a US lifestyle apparel company, has signed a definitive agreement to acquire Helly Hansen, an outdoor and workwear brand, from Canadian Tire Corporation for about $900 million. Kontoor expects Helly Hansen to generate more than $680 million of revenues and $80 million of adjusted Ebitda for fiscal 2025. ...
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Eytys finds new investors
Eytys, the Swedish footwear brand known for its chunky shoes that was declared bankrupt on Jan. 16, has been taken over. Niklas Emthén, the bankruptcy trustee, said that there was some bidding for the company and a deal has been finalized but did not disclose the name of the investors, ...
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ArticleSteve Madden buys Kurt Geiger for £289m
Steve Madden has entered into a definitive agreement to acquire Kurt Geiger from a group led by the private equity firm Cinven for an enterprise value of approximately £289 million (€347m) in cash. The US footwear group intends to fund the transaction with a combination of debt and cash on ...
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ArticleC-Suite interview: Zhejiang Huanqiu seeks European distributors and an outdoor brand
Zhejiang Huanqiu Shoes Co. Ltd, a Chinese footwear group that owns the Huanqiu and Babaya brands, is seeking distributors in Western Europe, with a focus on France, Italy and Germany as well as an interest in Spain and the UK. The group is also keen on acquiring an outdoor brand ...
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ArticleArchive raises $30m in Series B funding
Archive, a US technology company that powers resale businesses for brands such as Dr. Martens and New Balance, secured $30 million in Series B funding, led by Energize Capital, bringing its total funding to date to $54 million. Other participants included returning investors Lightspeed Venture Partners, Bain Capital Ventures, G9 ...
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ArticlePeter Hahn ends insolvency proceedings
The German clothing firm Peter Hahn has successfully completed its insolvency proceedings under its own management, according to a ruling from the Stuttgart District Court, which has cleared the way for a previously agreed takeover by Wourth Group. Peter Hahn “now has a new investor and thus a long-term perspective ...
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ArticleAlibaba co-founder buys 12% stake in Golden Goose
Blue Pool Capital, a Hong Kong-based investment firm and family office founded by Joe Tsai, the co-founder and Chairman of Alibaba Group, has bought a 12 percent stake in Golden Goose. Oliver Weisberg, Blue Pool Capital’s Chief Executive Officer, will join Golden Goose’s board of directors. Funds advised by Permira, ...
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Boohoo sells its London office
Boohoo has completed the sale of its London office, located on Great Pulteney Street, Soho. The property has been sold for £49.5 million (€59.7m) in cash to Global Holdings UK Limited, an independent property fund. “The action taken to dispose of this non-core and non-strategic asset will further strengthen ...
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ArticleEquita Smart Capital expands its footwear manufacturing hub
The Italian fund Equita Smart Capital-Eltif, has acquired GT Emme, a producer of insoles and stripes for luxury women’s shoes located in Santa Maria a Monte, near the Tuscan town of Pisa. GT Emme posted sales of more than €5 million in 2023 and has a staff of 33 people. ...
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UK’s top 1% shopping destinations command 30% of consumer spend
The top 1 percent of the UK’s shopping destinations represent 30 percent of consumer spending in brick-and-mortar stores, prompting brands to focus on the best locations, according to Mark Allan, Chief Executive Officer of the British property group Landsec. “The top 1 percent of the UK’s shopping destinations provide brands ...
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Capri reportedly ready to sell Jimmy Choo and Versace
Capri Holdings is working with the British bank Barclays to find buyers for Jimmy Choo and Versace, according to the magazine WWD. A data room with confidential information on the businesses is being set up now for potential buyers and Barclays would like to start receiving indications of interest before ...
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Steve’s raises over €187,000 in its crowdfunding campaign
Steve’s, an Italian producer of sustainable premium sneakers, raised €187,328 in a crowdfunding campaign that closed on Oct. 24 thanks to the contribution of 51 investors. The startup was seeking to raise between €100,000 and €300,000 through the Mamacrowd platform. Founded in 2022 in Turin by Giulia Gandini and Filippo ...
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Shoe Carnival renews its share buyback program
Shoe Carnival’s board authorized a new share repurchase program of up to $50 million in common stock, effective Jan. 1. It replaces a $50 million share buyback program that was authorized on Dec. 14, 2023, and expires on Dec. 31, 2024. The board also approved the payment of a quarterly ...
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ArticleZalando to take over About You
As part of its plans to create a pan-European e-commerce platform, German online retailer Zalando is acquiring the fashion group About You for €1.1 billion. Volker Bosse, a financial analyst at Baader Helvea Equity Research, noted that from ”a market perspective, it is a bold consolidation step in the ...
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ThredUp sells its European business Remix
The US-based resale platform ThredUp has entered into a binding agreement to sell its European business, Remix, in a management buyout led by Florin Filote, the General Manager of Remix. The sale closed simultaneously with the signing of the agreement. Before the closing of the transaction, Remix received a final ...
