All M&A articles – Page 12
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News briefs
THG receives a preliminary takeover offer from Apollo
THG said that it has received “a highly preliminary and non-binding indicative proposal” from the private equity Apollo Global Management to acquire its entire issued and to be issued share capital. There can be no certainty that any firm offer will be made, the British online retailer added. Under U.K. ...
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Bobux seeks a buyer as it goes into receivership
Bobux International, a New Zealand-based brand of children’s shoes, was placed into receivership after suffering from Covid-19 related supply chain issues and overstocking as well as the overhaul of its IT system that went over budget. The company was founded in 1991 by Colleen and Chris Bennett. In 2022, it ...
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ArticleCzech footwear firm Vasky acquires Botas
The Czech footwear company Vasky has acquired its peer Botas, which went into liquiditation at the beginning of the year. Prior to the takeover, the two companies had collaborated on a new footwear collection called Botas x Vasky that was launched early April 2023. Botas was created in 1949 and ...
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ArticleUnbound withdraws support for WoolOvers offer as new bidder emerges
Unbound Group, the British owner of Hotter Shoes, has withdrawn its support for a potential takeover by WoolOvers Group after receiving a rival offer from London-based Marwyn Investment Management, which has pledged to inject £10 million (€11.4m) into the firm. Marwyn made its approach on April 5, Unbound revealed in ...
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ArticleRocky Brands sells the Servus brand to PetroQuim unit
Rocky Brands has sold the Servus brand to PQ Footwear, a subsidiary of Industrias PetroQuim, a producer of footwear and plastic components based in the Dominican Republic. The transaction closed on March 30, 2023. The proceeds from the transaction were used to pay down debt, Rocky Brands said without disclosing ...
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ArticleHotter Shoes’ parent may be taken over by WoolOvers
Unbound Group, the owner of Hotter Shoes, is considering a bid approach from WoolOvers Group valuing the business £6.8 million (€7.7 million). Unbound said it would accept if a firm offer were made. According to U.K. market rules, WoolOvers has to make a firm by 5.00 pm London time on ...
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News briefs
Next buys the Cath Kidston brand
Next has agreed to buy the brand name, domain names and intellectual property of CK Acquisitions, which owns the modern vintage brand Cath Kidston, from administrators for £8.5 million (€9.7 million). The British fashion retailer will license back to the administrators the cathkidston.com domain for up to 12 weeks to ...
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News briefs
Permira reportedly interested in Florence
The London-based private equity Permira is interested in Gruppo Florence, an Italian holding company that owns 23 suppliers to the luxury goods industry, including three footwear manufacturers, according to media reports. Florence was created in late 2020 by the Milan-based private equity firm Vam Investments, the Italian state investment firm ...
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Alpargatas takes legal action over missed equity purchase payment
Alpargatas, the Brazilian footwear and apparel group, wants Carlos Roberto Wizard Martins to pay up. In a Sept. 2018 purchase and sale agreement, the investor struck a deal to acquire a 22.5 percent stake in Alpargatas S.A.I.C. from Alpargatas S.A. A first installment of the remaining purchase price equaling Brazilian ...
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ArticleInsolvent Surf4shoes is taken over
The German online shoe retailer Surf4shoes has found a new owner. The company, a subsidiary of the Osnabrück-based Hamm Reno Group, filed for preliminary insolvency in September 2022 and bankruptcy proceedings were opened on Dec. 1. Commertunity, which specializes in the acquisition, development and management of brands and business ...
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
