All M&A articles – Page 13
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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 ...
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Next buys Made.com brand, intellectual property
Next, the British clothing retailer, has agreed to acquire the brand name, domain names and intellectual property of Made.com Design Ltd from administrators for a consideration of £3.4 million (€3.9m). Made.com is an online furniture retailer created in 2010 by Ning Li, Brent Hoberman and Chloe Mackintosh.
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Shares of Blibli’s parent company flat in market debut
The shares of Global Digital Niaga, the parent company of the Indonesian e-commerce company Blibli, closed unchanged on their first trading day on Nov. 8. The company raised some 8 billion rupiahs (€510m) in its initial public offering (IPO). The company was selling up to 17.77 billion new shares, or ...
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ArticleFlorence buys a third footwear manufacturer
Gruppo Florence has bought a third Italian footwear company with the acquistion of Taccetti, located in Montelupo Fiorentino in Tuscany. Founded in 1954, but with a founding family involved in footwear since 1880, Taccetti produces luxury women’s shoes. It employs 270 people and has a production capacity of 2,000 ...
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ArticleBerkemann takes over Däumling
From Nov. 1, the Berkemann Group is taking over the children’s footwear brand Däumling and its shoe factory in Bruchweiler, in Rhineland-Palatinate. The brand is being bought from the the founding family and all 50 employees at the German site will be retained. “With this step, we are expanding our ...
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Pimkie in talks to be taken over
Pimkie, a French fast fashion label and chain store for young women, has entered exclusive talks to be bought by a business consortium comprising Lee Cooper France, Kindy and Ibisler Tekstil. The joint bid by the three companies was judged on its financial and operational merits in order to ensure ...
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ArticleTod’s' first delisting attempt fails
Diego Della Valle, the chairman and CEO of Tod’s, abandoned plans to buy out minority shareholders in the Italian luxury goods group after a public offer fell short. Nevertheless, he still has the option to delist Tod’s by merging it with a privately-owned company. DeVa Finance, the investment vehicle through ...
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Italmobiliare buys Sidi Sport
The Italian holding company Italmobiliare has bought a 100 percent stake in Sidi Sport, an Italian brand of footwear for cycling and motorcycling, for €86 million. Italmobiliare is paying €53.5 million in cash and the rest of the funds were provided by Banco BPM. The deal is based on enterprise ...
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Blibli’s parent aims to raise €540m in IPO
Global Digital Niaga, the parent company of the Indonesian e-commerce company Blibli, aims to raise as much as 8.17 trillion rupiahs (€540m) in its initial public offering next month, according to the company’s prospectus. The company plans to sell up to 17.77 billion shares, or 15 percent of its total ...
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JD Sports tightens its grip on Deporvillage
JD Sports Fashion announced that Iberian Sports Retail Group (ISRG) has acquired an additional 18 percent holding in the issued shares of Deporvillage from co-founders Xavier Pladellorens and Àngel Corcuera for a cash consideration of €19.8 million. Following the transaction, ISRG will hold a 98-percent stake in Deporvillage, while Pladellorens ...
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Two Italian makers of footwear machinery join forces
Atom MB and Cerim, two producers of footwear machinery based in Vigevano, about 20 kilometers southwest of Milan, have agreed to join forces. The companies have created Avantium, a 50-50 joint venture that will group the activities of Cerim and of Atom MB’s unit MB. The MB business stems from ...
