All M&A articles – Page 9
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News briefs
Belledonne raises €1m in funding
Belledonne Paris raised €1 million from external investors to finance its expansion. Since its launch in 2018 thanks to a crowdfunding effort via the Paris and Montreal-based platform Ulule, Belledonne has been self-financed. The brand has also benefited from the support of Au delà du cuir (ADC), the leading French ...
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News briefs
Lowa takes over its Austrian distributor
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking core markets under one roof. Matthias Wanner, the chief sales officer of Lowa, will join ...
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News briefs
EssilorLuxottica to buy Supreme for $1.5bn
EssilorLuxottica, a Franco-Italian eyewear producer, has entered into a definitive agreement to buy the Supreme brand from the US clothing company VF Corporation for $1.5 billion in cash. The transaction is expected to close by the end of 2024. The Supreme brand runs a digital-first business and 17 stores in ...
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News briefs
Macy’s ends talks to be bought by activist investors
Macy’s said its board had unanimously determined to terminate discussions with the activist investors Arkhouse Management and Brigade Capital Management that had been trying to take the department store retailer private. In a statement the company said the investor funds’ revised proposal lacked certainty of financing, remained non-actionable and did ...
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ArticleThailand’s Central Group takes over the rest of KaDeWe Group
The Thai conglomerate Central Group has taken full control of bankrupt German department store KaDeWe, signing a contract for the takeover of its business operations after obtaining clearance from the insolvency administrator. The financial terms of the deal were not disclosed. In April this year, the Central Group bought ...
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ArticleAmerican Exchange Group buys Island Surf Company
American Exchange Group has bought Island Surf Company, a nautically inspired shoe brand founded in 2008. It will become a division of the White Mountain Footwear, benefitting from the brand’s existing infrastructure, sourcing expertise and retail partnerships. “We see tremendous potential with the acquisition of Island Surf Company,” said American ...
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ArticleShoes For Crews emerges from Chapter 11 process after asset sale
Shoes For Crews, a US firm specializing in slip-resistant footwear, said that it has completed the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale marks the company’s emergence from its Chapter 11 process. Through the transaction, the ...
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News briefs
Revolve buys Alexandre Vauthier
Revolve, a Los-Angeles based fashion group, has acquired a majority stake in Alexandre Vauthier, a French designer brand. “The strategic move further differentiates Revolve Group, Inc. in the premium and high-end fashion market, taking a significant step forward in its mission to redefine the fashion landscape,” the US company said ...
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News briefs
Birkenstock’s controlling shareholder sells down its stake
BK LC Lux MidCo S.à r.l. (MidCo), an entity affiliated with the US private equity L Catterton, is proposing 14 million ordinary shares in Birkenstock in an underwritten secondary public offering. MidCo is selling 9,880,814 of the shares it owns, while 4,119,186 are sold by executive officers and certain other ...
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News briefs
Shein’s London IPO seen at risk due to forced labor allegations
Shein’s attempt to be listed on the London Stock Exchange (LSE) could be undermined by allegations that part of the supply chain of the Singapore-based online fashion retailer uses forced labor, according to Interactive Investor’s head of markets, Richard Hunter. Hunter believes that the British financial market regulator, Financial Conduct ...
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ArticleHenkelman Footwear details its plans for Bullboxer
The Dutch footwear group Theo Henkelman Footwear has unveiled more details about its plans for Bullboxer’s future, with a revamped design team focusing on a ‘new comfort concept,’ new retail partnerships and an adjusted pricing. Henkelman said that the brand’s design team has been expanded to include former Bullboxer ...
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ArticleGolden Goose postpones its IPO
Golden Goose Group announced the postponement of its initial public offering (IPO) “as a result of European market volatility.” “As part of the IPO process, the company has engaged widely with investors. The reception of the story has been very positive, with strong support across the investment community, including from ...
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News briefs
Suzano buys a 15% stake in Lenzing
Lenzing said that its main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in the Austrian producer of wood-based specialty fibers. As part of the agreement, Suzano will take over a 15 percent stake in Lenzing from ...
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News briefs
Marubeni takes over RG Barry
Marubeni, a Japanese trading and investment company, has acquired RG Barry, the US owner of the slipper brand Dearfoams, the bag brand Baggallini, Planet A, a lifestyle brand producing biodegradable products, and Columbus Product Group, a provider of private label solutions including footwear. Marubeni noted that it established the Next ...
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ArticleGolden Goose valued up to €1,860m in IPO price range
Golden Goose Group set a price range of €9.50 to €10.50 per share for its initial public offering, implying a market capitalization of approximately €1,693 million to €1,860 million for the company. The offering is destined to institutional investors and will consist of newly issued shares arising from a capital ...
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News briefs
ANWR sells tax consulting subsidiary Conventa
The German buying group ANWR has sold its subsidiary Conventa-Treuhandgesellschaft mbH, which specializes in tax consulting, to SEJ GmbH Steuerberatungsgesellschaft. Conventa will remain based in Mainhausen, in the Hesse region of Germany, and will continue to provide tax advisory services tailored for shoe, sports and leather goods retailers. ...
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ArticleDesigner Brands expands in Canada as Q1 sales inch up
Designer Brands returned to modest sales growth in its first quarter ended May 4, as it bolstered its presence in Canada with the acquisition of the Canadian footwear retailer Rubino and its 28 stores. “Rubino currently operates stores that offer nearly identical atmospheres and assortments to that of our own ...
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News briefs
HanesBrands sells Champion to Authentic Brands Group
HanesBrands has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Champion business to Authentic Brands Group for $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement ...
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ArticleGolden Goose plans listing on Milan stock exchange in June
Golden Goose, an Italian fashion brand known for its premium sneakers, said that it plans to hold an initial public offering (IPO) on the Milan stock exchange consisting of existing shares held by Astrum, its sole shareholder, and newly issued shares stemming from a capital increase. The brand will use ...
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ArticleArklyz completes the acquisition of Lloyd Shoes
The Swiss sports and lifestyle firm Arklyz AG has completed the takeover of the German premium footwear brand Lloyd Shoes, including all its subsidiaries, from Ara AG. The financial terms of the deal were not disclosed. With the acquisition of the German shoe manufacturer, Arklyz adds another footwear brand ...
