All M&A articles – Page 14
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News briefs
Nice Footwear sets up a joint venture with Avirex
Nice Footwear is creating a joint venture with Avirex, a brand known for its leather jackets and chinos pants. Nice Footwear, which specializes in the production of sneakers, has held over the past years the license to produce footwear under the Avirex brand. Under the agreement, Nice Footwear will create ...
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ArticleFrasers Group buys Australia’s Sneakerboy out of administration
The British retail chain Frasers Group has bought the collapsed Australian luxury footwear and streetwear retailer Sneakerboy for an undisclosed sum, according to media reports. Frasers, which owns the Sports Direct chain and a wide portfolio of brands, will keep Sneakerboy’s staff and run the business but not take on ...
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Walmart buys a robotics automation company
Walmart has agreed to acquire Alert Innovation, a robotics automation company that develops material-handling technology for automating order fulfillment in retail supply chains. Walmart has been working with Alert to customize technology for its market fullfillment centers (MFC) since 2016. ”Further investing in this technology will enable us to leverage ...
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Golden Goose acquires Italian Fashion Team
Luxury sneakers specialist Golden Goose announced that it acquired Italian Fashion Team, a high-end sneakers producer and Golden Goose’s main supplier, for an undisclosed amount. The two companies have worked together for seven years. Based in Casarano, near the Apulian city of Lecce, Italian Fashion Team is headed by founder ...
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ArticleFuture Fashion enters a new financing round
Future Fashion is raising about €1.3 million to finance product development and expand its sales network. The Italian company owns the namesake omnichannel platform offering fashion brands to “virtualize and customize” their collections in 3D using SaaS (Software as a Service) technology and Design Italian Shoes (DIS), which sells customized ...
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ArticleGruppo Florence buys two shoemakers
Gruppo Florence, an Italian conglomerate of suppliers for the fashion industry, has bought three companies, including two shoemakers, bringing the number of companies acquired in less than two years to 17. It is the group’s first foray into footwear manufacturing. Florence now generates more than €350 million in annual revenues ...
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ArticleTod’s’ minority shareholder buyout to start on Sept. 26
DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C, announced that its offer to buy out Tod’s’ minority shareholders will run from Sept. 26 to Oct. 25. The company is offering €40 per share and is seeking to buy a 25.55 percent stake in the ...
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Prada buys a stake in the tannery Superior
Prada has purchased a 43.65 percent stake in Superior, a Tuscan tannery specialized in calfskin processing, for an undisclosed amount. Superior has recently focused its investments on process digitization and a sustainable development plan centered on the circular economy, energy efficiency and water resource protection. According to the terms of ...
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Kolektive buys the U.K. footwear distributor 33 Joints
The investment company Kolektive Ventures, which trades under the name Projekt Indigo in the U.K., has bought a majority stake in the British footwear distributor 33 Joints in a move to establish its presence in the U.K. footwear market. Kolektive aims to help 33 Joints build up awareness for the ...
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Calzedonia buys Antonio Marras
The Italian group Calzedonia has bought an 80 percent stake in the fashion house Antonio Marras. No financial details were released. Calzedonia said that it will help the development of the fashion house thanks to its expertise in retailing and production, as well as its financial strength. The designer Antonio ...
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ArticleOR Group puts its Siberian shoe factory up for sale
The Russian shoe retailer OR Group, formerly known as Obuv Rossii, has started searching a buyer for its Berdsk-based shoe factory S-TEP, the Novosibirsk regional government said in a statement. S-TEP suspended operations on Aug. 1 due to financial difficulties. The factory was launched in the early 2000s and currently ...
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ArticleRichemont to sell majority stake in YNAP to Farfetch and Emirati businessman
Richemont has signed a deal to initially sell a 47.5 percent stake in its online fashion retailing unit Yoox Net-a-Porter (YNAP) to Farfetch and a 3.2 percent stake to Symphony Global, one of the investment vehicles of the Emirati businessman Mohamed Alabbar. The move will make YNAP a neutral distribution ...
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Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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ArticleABG reaches deal to take over Ted Baker
The American brand management company Authentic Brands Group (ABG) and Ted Baker have reached an agreement on the terms of a recommended final cash offer by ABG-Robin BidCo, a newly incorporated entity wholly-owned by ABG, to acquire the entire share capital of the British fashion group for 110 pence ...
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ArticleCoats buys Renoflex and becomes a footwear component giant
Hot on the heels of the acquisition of Texon, a U.S. provider of footwear solutions, Coats announced the takeover of Rhenoflex, a German manufacturer of structural material solutions for the footwear industry. The back-to-back acquistions have turned the British industrial thread manufacturer into a significant supplier of components for the ...
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Spartoo completes minority stake purchase in SAAJ
Spartoo has completed the acquisition of a minority stake in the French brand SAAJ through a capital increase. No further financial details were released. SAAJ is a fast-growing digital native brand, founded in 2016 by Maelys and Jérémy. The investment will enable the SAAJ brand to accelerate its development, according ...
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ArticleDella Valle wants to delist Tod’s
Tod’s’ main shareholder, Diego Della Valle, is offering €40 per share with the objective of delisting the Italian luxury goods company. The bid is being made by DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C,. and concerns 25.55 percent of Tod’s capital. The price ...
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ArticleJD Sports to sell Footasylum to Aurelius
On July 29, JD Sports Fashion exchanged contracts to sell Footasylum and its associated subsidiaries to the German private equity Aurelius Group for £37.5 million (€44.8m). JD Sports bought the chain of sports fashion stores in May 2019 but the acquisition was blocked last year by the British Competition and ...
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Kizik raises $20m in a series B fund round
Kizik, based in Lindon, Utah, has completed a $20 million series B funding round led by the private equity The Newcastle Network. The American footwear brand, whose parent company is HandsFree Labs, specializes in slip on shoes. It will use the funds to launch a Kizik Kids line and to ...
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ArticleUnbound raises funds for its growth
Hotter Shoes’ parent company, Unbound Group, raised a gross £3.3 million by selling 22,004,615 shares at a price of 15 pence each in a placement. In addition to the placing, certain of Unbound’s directors and senior managers subscribed for 1,221,281 shares, under a subscription scheme, at a similar price and ...
