All M&A articles – Page 6
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
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News briefs
Bureau Veritas buys LBS Luxury Brands Services
Bureau Veritas, a French provider of testing, inspection and certification services, bought LBS Luxury Brands Services, which specializes in quality assurance and quality control in the luxury industry. Bureau Veritas noted that the acquisition is in line with its strategy of strengthening its positioning and offering in the luxury and ...
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News briefs
JD completes the acquisition of Courir
JD Sports Fashion completed the acquisition of Groupe Courir for €520 million, following receipt of conditional clearance from the European Commission on October 22. “Courir is a market leader in sneakers in France, which is the largest sneaker market in Europe, and this acquisition reinforces our position within Europe,” according ...
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News briefs
Le Coq Sportif placed into receivership
A Paris-based commercial court has placed Le Coq Sportif into receivership. The Swiss group Airesis, which owns 75 percent of the French sportswear firm, indicated that Le Coq Sportif had applied to open a judicial restructuring procedure. The court confirmed the procedure. Le Coq Sportif will continue operating but has ...
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News briefs
Protective Industrial Products buys Honeywell’s PPE business
Protective Industrial Products (PIP) has entered into a definitive agreement to acquire the personal protective equipment (PPE) business of Honeywell along with its brands, which include Fendall, Fibre-Metal, Howard Leight, KCL, Miller, Morning Pride, North, Oliver, Salisbury and UVEX, for $1.325 billion. “PIP is dedicated to serving as a trusted ...
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News briefs
Golden Goose and On Holding’s management reportedly met
The managements of Golden Goose and On Holding have met, which triggered speculation that the Swiss group could buy the Italian brand of premium sneakers, reported the Italian daily Il Sole 24 Ore. The daily added that sources close to Golden Goose do not deny the meeting but rejected rumors ...
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ArticleVida Shoes buys Aquatalia
New York-based Vida Shoes International has acquired Aquatalia, an Italian luxury fashion brand created in 1994, from ADJHA Aquatalia LLC. The transaction was completed on Sept. 26. No financial details were released. “With Aquatalia’s rich history of style and craftsmanship, Vida Shoes International views it as the ideal addition to ...
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ArticleTapestry, Capri scrap plans to merge
Tapestry, the US owner of the fashion brands Coach, Kate Spade and Stuart Weitzman, has reached an agreement to terminate plans to merge with Capri Holdings, which owns the brands Michael Kors, Versace and Jimmy Choo. “Capri and Tapestry mutually agreed that terminating the merger agreement at this time is ...
