All M&A articles – Page 7
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News briefs
Klarna plans an IPO in the US
Klarna has filed a draft registration with the Securities and Exchange Commission (SEC) for an initial public offering in the US. The terms of the transaction have yet to be defined. In a statement, the Swedish payment firm said that it has “confidentially submitted a draft Registration Statement on Form ...
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ArticleThe Swiss brand Künzli has a new owner
The Swiss shoe manufacturer Künzli has found a new owner, averting a potential shutdown that could have been triggered by an unresolved succession. The businessman Roberto Martullo will acquire the historic brand in January 2025, becoming the sole owner. He will “initially continue to directly manage the company,” according to ...
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ArticleStuart Weitzman’s sales rise driven by North America
Stuart Weitzman, the premium footwear brand of the US fashion group Tapestry, posted sales of $53.7 million in the fiscal first quarter ended Sept. 28, up by 2 percent year-on-year both on a reported basis and at constant currency rates, as growth in North America offset “softness” in Greater China. ...
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ArticleNice Footwear buys two Italian shoemakers
Nice Footwear has bought two shoemakers, Corrado Maretto and Dyva. Both companies specialize in luxury women’s footwear and are located in the footwear cluster of Riviera del Brenta in Italy’s northeastern region of Veneto. The terms of the deals were not released but the lender Banca Popolare di Sondrio partially ...
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News briefs
Permira buys a 40% stake in K-Way
Permira, the private equity that owns an 83 percent stake in Golden Goose, the Italian brand of premium sneakers, has entered into an agreement to buy a 40 percent stake in K-Way from BasicNet. BasicNet will retain a 60 percent stake in the brand known for its waterproof jackets. The ...
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ArticleDeichmann acquires the footwear rights of the Esprit brand
Deichmann has struck a deal to acquire the rights to Esprit’s footwear brand in Europe and the United States, marking a key step in the restructuring of the bankrupt fashion brand. The acquisition only pertains to Esprit’s shoe trademark rights – which Deichmann sees as a valuable addition to its ...
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ArticleCapri and Tapestry’s merger blocked by a US court
A US judge has blocked an $8.5 billion planned merger between the luxury goods groups Capri Holdings and Tapestry. Capri owns the luxury footwear brand Jimmy Choo as well as the fashion labels Versace and Michael Kors. Meanwhile, Tapestry owns the premium footwear group Stuart Weitzman and the fashion brands ...
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News briefs
Ghost raises $40 million in funding
The private B2B marketplace for worldwide brands, Ghost, has raised $40 million in Series C funding. The funding was led by L Catterton, with participation from existing investors USV, Cathay Innovation, Equal Ventures, and Eniac, a private B2B marketplace for global brands to sell excess inventory to new buyers. Ghost’s ...
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ArticleBoohoo’s CEO steps down
Boohoo’s CEO, John Lyttle, is stepping down after five years with the British fast fashion online retailer. He will continue to work with the leadership team and the board over the coming months while a successor is found and to ensure a smooth transition, the company said. Boohoo added that ...
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ArticleHow a crowd funding platform is helping footwear companies raise money
The Italian footwear companies Fessura, DIS and Steve’s as well as dropout, a retailer of luxury apparel and sneakers, have in common that they are currently, or have been, raising funds through the Italian crowdfunding platform Mamacrowd, which is owned by the asset management company Azimut. Other companies working with ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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ArticleSteve’s seeks to raise up to €300,000 in crowd funding
Steve’s, an Italian producer of sustainable premium sneakers, is seeking to raise between €100,000 and €300,000 in a crowdfunding campaign through the Mamacrowd platform. Founded in 2022 in Turin by Giulia Gandini and Filippo Gandini, Steve’s produces sneakers made from Appleskin, a material produced from the skins and cores of ...
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ArticleDeichmann interested in acquiring rights for Esprit footwear
Deichmann expressed interest in acquiring the trademark rights of the shoe division of the bankrupt fashion company Esprit. A spokesperson for the German footwear retailer confirmed the ongoing negotiations, adding that the offer only pertains to Esprit’s footwear trademark rights – which it sees as a valuable addition to its ...
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ArticleEQT sells Dunlop Protective Footwear
The EQT Mid Market Europe fund, managed by the Swedish private equity firm EQT, has agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management. No financial details were released. Dunlop is a leading global manufacturer of protective wellington boots, sold via distributors to mainly professional ...
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ArticleGanka sells Bama brand rights for Europe to Polish company Kaps
The Polish company Kaps has secured the rights to the shoe care products and insoles brand Bama in Europe and Asia. The Canadian outdoor specialist, Ganka Group, which acquired the insolvent company’s trademark rights in June 2024, has struck a deal with the family business to transfer the Bama ...
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ArticleWourth Group buys Peter Hahn
The UK-based omnichannel retailer Wourth Group has acquired the German clothing firm Peter Hahn out of administration for an undisclosed sum. Peter Hahn is a household name in Germany, Austria, Switzerland and the Netherlands and sells mostly clothing and shoes under both its own and third-party brands. Wourth, ...
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News briefs
THG to demerge its technology business
THG is looking into the option of demerging its technology services arm, THG Ingenuity, as the British e-commerce group looks to focus on its cash generative businesses. “After extensive discussions with shareholders over the past 12 months, THG is progressing options to demerge THG Ingenuity, leaving our highly profitable and ...
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News briefs
Tapestry reportedly plans to sell Stuart Weitzman
Tapestry is close to selling Stuart Weitzman, according to various media reports. Giorgio Sarné, the CEO of the footwear brand, is set to leave his position but will remain in his job until October, according to Footwear News citing Tapestry. Along with Stuart Weitzman, Tapestry owns Coach and Kate Spade ...
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News briefs
Esprit closes all German stores
The fashion brand Esprit will close all 56 of its stores in Germany by the end of the year, resulting in the loss of approximately 1,300 jobs in retail and at the headquarters in Ratingen, the German press agency DPA reported. Parent company Esprit Europe GmbH, along with six ...
