All M&A articles – Page 9
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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 ...
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News briefs
Moreschi proceeds with the firing of 59 workers
As announced in February, Moreschi, an Italian producer of upscale shoes, has proceeded with the firing of 59 people as part of its plans to outsource its production to third parties. In February, the Italian footwear company controlled by the Swiss group Hurley said that its own production was “not ...
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News briefs
Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
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News briefs
LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
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ArticleTecnica Group is working on a 5-year business plan
Tecnica Group is working a on five-year business which could lead to an initial public offering, according to the Italian newspaper Il Sole 24 Ore. In 2023, the Italian group, which owns the brands Tecnica, Nordica, Blizzard, Lowa, Moon Boot and Rollerblade, posted sales of €540 million and adjusted Ebitda ...
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ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
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ArticleTheo Henkelman Footwear buys Bullboxer trademark rights for Europe
The Dutch footwear group Theo Henkelman Footwear has acquired the trademark rights to Bullboxer in Europe. The move marks the end of months of uncertainty for the Dutch brand, after in February the previous parent company, Unlimited Footwear Group (UFG), filed for bankruptcy. With the acquisition of the ...
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ArticleUS regulator moves to block Tapestry’s acquisition of Capri
On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s $8.5 billion acquisition of Capri Holdings. However, the companies plan to defend their case in court and to complete the transaction by the end of 2024. “If allowed, the deal would eliminate direct head-to-head competition ...
