All M&A articles – Page 2
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News briefs
Ghost raises $40 million in funding
The private B2B marketplace for worldwide brands, Ghost, has raised $40 million in Series C funding. The funding was led by L Catterton, with participation from existing investors USV, Cathay Innovation, Equal Ventures, and Eniac, a private B2B marketplace for global brands to sell excess inventory to new buyers. Ghost’s ...
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ArticleBoohoo’s CEO steps down
Boohoo’s CEO, John Lyttle, is stepping down after five years with the British fast fashion online retailer. He will continue to work with the leadership team and the board over the coming months while a successor is found and to ensure a smooth transition, the company said. Boohoo added that ...
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ArticleHow a crowd funding platform is helping footwear companies raise money
The Italian footwear companies Fessura, DIS and Steve’s as well as dropout, a retailer of luxury apparel and sneakers, have in common that they are currently, or have been, raising funds through the Italian crowdfunding platform Mamacrowd, which is owned by the asset management company Azimut. Other companies working with ...
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News briefs
Lanxess exits the polymer business
Lanxess signed a contract to sell its Urethane Systems business to Japan’s UBE Corporation. The enterprise value amounts to €460 million with expected proceeds of around €500 million. With the transaction, the German specialty chemicals company exits the polymer business. The Urethane Systems business comprises five manufacturing sites globally as ...
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News briefs
LVMH buys a stake in Moncler key shareholder
LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a 15.8 percent stake in Moncler, an Italian brand of premium down jackets. The financial terms of the deal were not disclosed. Under the terms ...
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ArticleSteve’s seeks to raise up to €300,000 in crowd funding
Steve’s, an Italian producer of sustainable premium sneakers, is seeking to raise between €100,000 and €300,000 in a crowdfunding campaign through the Mamacrowd platform. Founded in 2022 in Turin by Giulia Gandini and Filippo Gandini, Steve’s produces sneakers made from Appleskin, a material produced from the skins and cores of ...
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ArticleDeichmann interested in acquiring rights for Esprit footwear
Deichmann expressed interest in acquiring the trademark rights of the shoe division of the bankrupt fashion company Esprit. A spokesperson for the German footwear retailer confirmed the ongoing negotiations, adding that the offer only pertains to Esprit’s footwear trademark rights – which it sees as a valuable addition to its ...
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ArticleEQT sells Dunlop Protective Footwear
The EQT Mid Market Europe fund, managed by the Swedish private equity firm EQT, has agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management. No financial details were released. Dunlop is a leading global manufacturer of protective wellington boots, sold via distributors to mainly professional ...
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ArticleWourth Group buys Peter Hahn
The UK-based omnichannel retailer Wourth Group has acquired the German clothing firm Peter Hahn out of administration for an undisclosed sum. Peter Hahn is a household name in Germany, Austria, Switzerland and the Netherlands and sells mostly clothing and shoes under both its own and third-party brands. Wourth, ...
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ArticleGanka sells Bama brand rights for Europe to Polish company Kaps
The Polish company Kaps has secured the rights to the shoe care products and insoles brand Bama in Europe and Asia. The Canadian outdoor specialist, Ganka Group, which acquired the insolvent company’s trademark rights in June 2024, has struck a deal with the family business to transfer the Bama ...
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News briefs
THG to demerge its technology business
THG is looking into the option of demerging its technology services arm, THG Ingenuity, as the British e-commerce group looks to focus on its cash generative businesses. “After extensive discussions with shareholders over the past 12 months, THG is progressing options to demerge THG Ingenuity, leaving our highly profitable and ...
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News briefs
Tapestry reportedly plans to sell Stuart Weitzman
Tapestry is close to selling Stuart Weitzman, according to various media reports. Giorgio Sarné, the CEO of the footwear brand, is set to leave his position but will remain in his job until October, according to Footwear News citing Tapestry. Along with Stuart Weitzman, Tapestry owns Coach and Kate Spade ...
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News briefs
Esprit closes all German stores
The fashion brand Esprit will close all 56 of its stores in Germany by the end of the year, resulting in the loss of approximately 1,300 jobs in retail and at the headquarters in Ratingen, the German press agency DPA reported. Parent company Esprit Europe GmbH, along with six ...
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ArticleAsos sells Topshop and partially refinances its debt
Asos is selling 75 percent of the Topshop group for £135 million (€160m) as part of a deal with the Danish fashion billionaire Anders Holch Povlsen, who owns 28 percent of the troubled British online fashion retailer. Asos, which has faced severe headwinds amid the cost-of-living crisis in the UK ...
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News briefs
Investors propose to take Nordstrom private
Nordstrom received an offer from members of the Nordstrom family and the Mexican retailer El Puerto de Liverpool (Liverpool) to take the US department store chain private. Nordstrom said that the special committee of its board of directors received a proposal from Erik and Pete Nordstrom, and other members of ...
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ArticleShoepassion takes over the luxury shoe platform Mybudapester.com
The Berlin-based footwear company Shoepassion acquired the online luxury shoe retailer Mybudapester.com following the insolvency of Mybudapester.com GmbH. “The acquisition of Mybudapester.com significantly strengthens our portfolio. The platform offers our customers expanded access to exclusive shoe brands, furthering our premium private brand strategy,” said Shoepassion’s Chief Executive Officer, Björn Henning. ...
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News briefs
Frasers Group expands into Australia and New Zealand
The British retail company Frasers Group has expanded its presence in Australia and New Zealand by acquiring a 14.65-percent stake in Accent Group Limited, a major retail and distribution company specializing in performance and lifestyle products. This strategic investment is part of Frasers Group’s broader plan to increase its global ...
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ArticleBama ceases business operations, trademark acquired by Ganka
The German supplier of shoe care products and insoles, Bama, has ceased operations. Despite intensive efforts, no investor was found to keep the insolvent company running, said the insolvency administrator, Alexander Jüchser from the Lieser Rechtsanwälte law firm. Bama’s trademark rights were sold to the Canadian outdoor specialist ...
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ArticleTJX buys a 35% stake in Dubai-based Brands for Less
TJX, a US off-price apparel and home fashions retailer, has signed a definitive agreement to buy a 35 percent stake in Brands for Less (BFL) for $360 million dollars. BFL is a privately-held company based in Dubai and is the region’s only major off-price branded apparel, toys and home fashions ...
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ArticleRegent buys Bally from JAB
Regent affiliate acquires Swiss luxury brand Bally International from JAB, with key leadership set to remain in place.
