All M&A articles – Page 9
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ArticleArezzo buys the Italian brand Paris Texas
Arezzo & Co is buying a 65 percent stake in Paris Texas, an Italian brand specializing in the creation, production and sale of luxury women’s shoes. Founded in 2015 by Massimo Baltimora and Annamaria Brivio, Paris Texas is based in Monza, 20 kilometres north of Milan, and is controlled through ...
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LVMH launches €1.5bn share buyback
LVMH has begun a €1.5 billion share buyback program. In a statement, the French luxury goods group said it has entrusted an investment service provider with a mandate for the acquisition of up to €1.5 billion of its own shares over a period beginning March 1 and ending on or ...
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Coats refinances debt from the Texon acquisition
Coats, the British industrial thread and footwear components manufacturer, said that it successfully completed a competitively priced $250 million issue of U.S. private placement (USPP) notes. The issuance, on investment grade terms and heavily oversubscribed, refinances the $240 million facility which funded the acquisition of Texon in July 2022, Coats ...
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News briefsNice Footwear’s key shareholders own 97.47% of the company
Following a public tender launched to delist Nice Footwear, 97.47 percent of the capital of the Italian footwear company is owned by its key shareholders as well as 94,94 percent on warrants. The public tender launched by the Italian private equity firm Palladio Holding. It started on Jan. 9 and ...
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ArticleDesigner Brands buys Keds from Wolverine Worldwide
Wolverine Worldwide has sold Keds, which it acquired in 2012 as part of its $1,249.5 million acquisition of the assets of the former Performance Lifestyle Group (PLG), for $83.6 million to the North American retailer Designer Brands Inc. The sale also includes the Pro-Keds athleisure brand and Keds’ e-commerce business. ...
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Florence buys an Italian shirt maker
Gruppo Florence, an Italian holding company that owns suppliers to the luxury goods industry, has acquired Sipaff, an Italian producer of luxury shirts. Financial details of the acquisition were not disclosed. Sipaff produces over 250,000 shirts a year and is expected to post annual revenues of about €14 million. Sipaff ...
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U.K. competition regulator to probe Farfetch purchase of YNAP stake
The U.K.’s competition regulator is probing Farfetch’s deal to buy a stake in the online retail business Yoox Net-a-Porter (YNAP) from the luxury goods giant Richemont. The Competition and Markets Authority (CMA) is now examining whether the deal to sell a 47.5 percent stake in YNAP to the online retailer ...
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ArticleThe Danish trade show CIFF buys its rival Revolver
Two major Danish fashion trade fairs are merging as Copenhagen International Fashion Fair (CIFF) acquires its rival Revolver effective from summer 2023, in a move aimed at strengthening Copenhagen’s position as Scandinavia’s fashion capital. While Revolver employees will relocate to CIFF’s headquarters at the Bella Center in Copenhagen, from ...
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ArticleAmerican Exchange Group buys White Mountain Footwear
American Exchange Group has bought White Mountain Footwear, a U.S. company specialized in women’s shoes. The announcement comes a year after American Exchange Group’s purchase of Aerosoles in January 2022. American Exchange Group said that it plans to ”integrate and leverage the solid structure, sourcing and manufacturing capabilities, management and ...
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Pittards sells 100,000 treasury shares
Pittards said that on Jan. 6 it sold 50,000 treasury shares at a price of 58.25 pence (€0.66) per share and on Jan. 9 it sold another 50,000 treasury shares also at a price of 58.25 pence per share, raising gross proceeds of £58,250 (€66,000). Following the sale of treasury ...
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Re:store acquires fashion and lifestyle marketplace Trouva
Trouva, a London-based online marketplace focused on showcasing independent boutiques and brands focused on homewares, fashion and lifestyle, has been acquired by Cambridge-based startup Re:store from its previous owner, the clothing brand Next. Terms of the deal were not disclosed. In its press release, Trouva states that Re:store’s goal with ...
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Florence buys an Italian embroidery manufacturer
Gruppo Florence, an Italian holding company that owns suppliers to the luxury goods industry, has acquired the Italian embroidery firm Ricamificio GS located in Sant’Egidio alla Vibrata in the Abruzzo region. The company was bought from the Galiffa family. No financial details were released. Ricamificio GS is the 22nd company ...
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Nice Footwear delisting process to start Jan. 9
The public tender launched by the Italian private equity firm Palladio Holding for the Italian footwear group Nice Footwear will start on Jan. 9 and last until Feb. 10. The move to delist the footwear company comes just over a year of its flotation on the Milan stock exchange on ...
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Shoe Carnival launches a new $50m share buyback
Shoe Carnival’s board has authorized a new share repurchase program for up to $50 million of its common stock, starting Jan. 1, 2023. The program replaces an existing $50 million share repurchase program that was authorized on Dec. 16, 2021 and expires on Dec. 31, 2022. The board also ...
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Florence issues €500 bonus to staff
Gruppo Florence, an Italian conglomerate of luxury goods firms, will grant all its staff a €500 bonus that will be paid in shopping vouchers in December. The bonus will be distributed to the group’s 2,200 staff and aims to help employees face the cost of higher energy prices. The group ...
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ArticleLanvin Group’s roller coaster market debut
Shares in Lanvin Group, the Chinese luxury goods group that owns the Italian shoemaker Sergio Rossi, plummeted about 25 percent on their market debut on the New York Stock Exchange, but the stock recovered most of its lost ground the following day. Lanvin’s flotation stems from the merger with Primavera ...
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ArticleOerlikon expands its luxury goods component business
The Swiss industrial group Oerlikon has signed a definitive agreement to acquire Riri, a Swiss-based provider of coated metal accessories for the luxury fashion industry, including footwear. No financial details were released but the transaction is expected to close in the first quarter 2023. Last year, Oerlikon bought Coeurdor, a ...
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The parcel delivery firm Maergo raises $20m in seed round
Maergo, a U.S. parcel delivery platform previously known as X Delivery, has closed a $20 million seed round. Lead investors included Deep Lake Capital, funds managed by investor and entrepreneur Neel Shah, and ACR Strategic Credi, with participation from RyderVentures, the venture capital arm of Ryder System. With the closing ...
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ArticleEstée Lauder buys Tom Ford
Estée Lauder has signed an agreement to acquire Tom Ford in a deal with an enterprise value of $2.8 billion. The transaction will make the American cosmetics group the sole owner of the brand and all its intellectual property. The amount to be paid by Estée Lauder for the acquisition ...
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Beaumanoir buys Sarenza
Beaumanoir, a French fashion group, has completed the acquisition of Sarenza, a French footwear and apparel online retailer, from Monoprix. Beaumanoir had entered exclusive talks to buy Sarenza in July. ”This new acquistion is particularly strategic for our development. It is the achievement of investments in digital started several years ...
