All M&A articles – Page 7
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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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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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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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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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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 ...
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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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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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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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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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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 ...
