All M&A articles – Page 15
-
News briefs
Coats completes the acquisition of Texon
On July 21, the British industrial thread manufacturer Coats announced that it had completed the acquisition of Texon, a U.S. footwear solutions provider. Coats bought Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on an Ebitda multiple ...
-
News briefs
GM Leather is listed on the Milan stock exchange
GM Leather, an Italian leather manufacturer, was listed on the Milan stock exchange on July 13. In its debut on the Euronext Growth Milan, the stock closed 1.63 percent higher compared to its initial public offering price (IPO) of €1.75 per share after having reached an intraday high of ...
-
News briefs
GM Leather plans to be listed in Milan
GM Leather, an Italian leather manufacturer, has presented a request to list its shares and warrants on the Euronext Growth Milan segment of the Milan stock exchange. Controlled by the Marcigaglia family, the company makes leather products for furniture, leather goods and fashion and automotive sectors. In 2021, GM Leather ...
-
ArticleCoats takes over Texon as it expands into footwear
The British industrial thread manufacturer Coats is significantly increasing its presence in the footwear industry with the acquistion of Texon, a U.S. footwear solutions provider. Coats is buying Texon at an enterprise value of $237 million and a total net cash consideration of $211 million. The acquisition is based on ...
-
ArticleKohl’s terminates talks to be bought by Franchise Group
The U.S. department store retail chain Kohl’s has put an end to talks to be taken over by the Franchise Group (FRG) at $60 a share. The offer valued Kohl’s at about $8 billion. Kohl’s said that its board “unanimously determined to conclude its strategic review process. The current financing ...
-
News briefs
Spartoo buys a minority stake in the brand SAAJ
Spartoo has signed an agreement to buy a minority stake in the 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. ”It stands out for its original creations entirely designed and realized ...
-
News briefs
Deichmann sells Russian business
The German shoe retailer Deichmann has left the Russian market, selling all 37 stores with remaining inventory to a local partner. No financial details were released. The Russian press reported that Deichmann had stopped supplying its Russian retail network several weeks before. The stores will reopen under a new brand ...
-
News briefs
Frasers hikes stake in Hugo Boss
Frasers Group, the parent company of Sports Direct, has increased its investment in Hugo Boss. The company now has 3,425,000 shares of common stock in the German fashion group, representing 4.9 percent of its total share capital. It also holds 18,289,000 shares via the sale of put options, representing 26.0 ...
-
News briefs
THG rejects several takeover offers
THG, also known as the The Hut Group, said that it has received indicative proposals from ”numerous parties” in recent months, including an indicative non-binding proposal from a consortium led by Belerion Capital Group Limited and King Street Capital Management, which had already been rejected by the board of the ...
-
News briefs
Zalando buys Highsnobiety
Zalando has acquired a majority stake in Highsnobiety, a German media brand. No further details were released about the transaction. Highsnobiety was founded in Berlin in 2005 by David Fischer as a blog. The company currently comprises a publishing arm, creative consultancy and a commerce platform. ”Teaming up with Highsnobiety ...
-
News briefs
Kohl’s in talks to be bought by Franchise Group
Kohl’s has entered into exclusive negotiations with Franchise Group for a period of three weeks. The decision comes after Franchise proposed to acquire the U.S. chain of department stores for $60.00 per share. The purpose of the exclusive period is to allow Franchise and its financing partners “to finalize due ...
-
News briefs
ABL Group buys the sneaker brand Tonakai
ABL Group, an Italian producer of leather goods, has bought an 80 percent stake in the sneaker brand Tonakai, as its develops its brand portfolio. Founded in 1947, ABL initially produced white label caused and launched its first own brand, the handbag label Rebelle, a year ago. Rebelle is expected ...
-
News briefs
DSM sells engineering materials business
The Dutch group Royal DSM reached an agreement to sell its engineering materials business to Advent International and Lanxess for an enterprise value of €3.85 billion. The business represented €1.5 billion of DSM’s total annual net sales and €334 million of its total adjusted Ebitda for 2021. DSM expects to ...
-
News briefs
Arklyz buys Shoe City
Arklyz Group, the owner of the athletic specialty footwear and lifestyle retailer, The Athlete’s Foot (TAF), has bougth Shoe City, a Baltimore-based sneaker and streetwear lifestyle retail chain together with an online platform www.ycmc.com. Shoe City is an established local business, having started with one location in Baltimore in 1949. ...
-
News briefs
Pimkie is up for sale
The Mulliez family, which also owns Decathlon and Auchan, has put up the French clothing retailer Pimkie for sale only a few months after hiring a turnaround specialist, Philippe Favre, as CEO to relaunch the banner. Pimkie said in a statement that the Mulliez family is seeking an external investor ...
-
News briefs
Richemont’s sale of YNAP is taking time
Richemont said that talks involving third parties to restructure its online retailing unit Yoox Net-a-Porter (YNAP) are proceding ”well” but require time. In November 2021, Richemont announced that it was in advanced talks to enhance its partnership with Farfetch. At the time, the Swiss group unveiled that the deal under ...
-
News briefs
THG rejects a takeover offer
THG, also known as the The Hut Group, turned down a 170 pence (201 eurocents) per share takeover offer made by the private equity firms Belerion Capital Group Limited and King Street Capital Management. The British online retailer said that it had received a “third unsolicited, highly preliminary and indicative ...
-
News briefs
Future buys WhoWhatWear
The British publisher Future has bought WhoWhatWear, a digital-only women’s lifestyle publisher based in the U.S., from Clique Brands. WhoWhatWear has a strong social presence and diverse revenue streams ranging from digital advertising to e-commerce. It has 12 million online users and 10 million social followers, with about 90 percent ...
-
News briefs
Designer Brands buys Shoes.com
Designer Brands has bought the Shoes.com domain and associated intellectual property assets for an undisclosed sum, Footwear News reported citing the parent company of the U.S. footwear retailer DSW. A spokesman told Footwear News that Designer Brands did not buy any of Shoes.com’s underlying business assets. The last known owner ...
-
ArticleMoncler sees footwear representing 10% of revenues
Moncler expects footwear to represent 10 percent of its revenues in 2025, driven by demand for luxury sneakers in the U.S. The Italian luxury goods brand, known for its down jackets, generated sales of €589.9 million in the first quarter of 2022, up a reported 61 percent on the year ...
