All M&A articles – Page 21
-
News briefs
Moody’s downgrades VF
Completing its review of VF Corp.’s credit rating following its December acquisition of Supreme, Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, predicting that its ...
-
News briefs
Fred Perry buys George Cox
The British sportswear brand Fred Perry has bought the British footwear maker George Cox. The two brands are long-time collaborators and have partnered on several occasions. No financial details were released. George Cox will be integrated into Fred Perry’s global distribution network and have access to its digital expertise. Adam ...
-
ArticleLectra plans to buy Gerber Technology
Lectra has reached a preliminary agreement to buy the whole capital of the American company Gerber Technology in a cash and stock deal worth about €300 million. Both companies produce laser cutting machinery used by shoemakers. Under the proposed deal, Lectra would buy Gerber for €175 million in cash and ...
-
ArticleBoohoo buys Dorothy Perkins, Burton and Wallis for £25m
The British online fashion retailer Boohoo is buying the Burton, Dorothy Perkins and Wallis brands for £25.2 million (€28.7m-$34.5m), completing the breakup of Arcadia, the retail empire of businessman Philip Green, which had to file for bankruptcy in November 2020. The deal does not include 214 physical stores, putting ...
-
News briefs
Dr. Martens shareholder exercises over-allotment option
Dr. Martens said that the broker Goldman Sachs International exercised the over-allotment option granted by IngreLux, a Luxembourg company owned by funds advised by the British investment firm Permira, as part of the initial public offering of the British footwear company. With the exercise of the option, an additional 52,500,005 ...
-
ArticleJD Sports on the hunt for more purchases after £464m cash call
JD Sports Fashion is on the hunt for more acquisitions after raising £464 million (€529m-$634m) through a placing of new shares on the London Stock Exchange on Feb. 4. The company said that 58.4 million shares were placed at 795 pence each (€9-$10.8), representing about 6 percent of its share ...
-
ArticleAsos buys four Arcadia brands in £330m deal
The British online retailer Asos has snapped up Arcadia’s fashion brands Topshop, Topman, Miss Selfridge and the sportswear brand HIIT from the administrators Deloitte in a deal worth about £330 million (€373.0m-$451.1m). Arcadia collapsed in November 2020. The deal, funded out of cash reserves, does not include 70 stores, and ...
-
ArticleJD Sports continues U.S. expansion with DTLR acquisition
After the recent acquisition of Shoe Palace, JD Sports Fashion continues its expansion in the U.S. with the announced purchase of a 100 percent stake in DTLR Villa. Based in Baltimore, and currently majority owned by the New York-based private equity firms BRS & Co. and Goode Capital, DTLR was ...
-
ArticleBoohoo in exclusive talks to buy three Arcadia brands
The British fast-fashion online retailer Boohoo is in exclusive discussions with administrators regarding the acquisition of three Arcadia-owned brands: Dorothy Perkins, Wallis and Burton. In a filing with the London Stock Exchange, Boohoo stressed that no deal is guaranteed. The acknowledgement came after Sky News revealed that talks were ongoing ...
-
ArticleDr. Martens valued up to £3.7bn in IPO
Dr. Martens is being valued between £3.3-3.7 billion (€3.7bn-$4.5bn to €4.2bn-$5.1bn) in its public offering that is already fully booked. The private equity firm Permira and other investors are selling as many as 350 million shares at 330-370 pence each (€3.73-$4.53 to €4.18-$5.08). The stake represents 35 percent of the ...
-
ArticleCole Haan drops IPO plan
U.S. shoe and accessories company Cole Haan has dropped plans for an initial public offering (IPO) almost a year after filing its intention to list. In a filing to the U.S. Securities and Exchange Commission (SEC), the New Hampshire-based company disclosed it had “determined not to proceed with the proposed ...
-
ArticleRocky Brands buys footwear brands from Honeywell for $230m
Rocky Brands has agreed to acquire the performance and lifestyle footwear business of the U.S. conglomerate Honeywell International for $230 million. The deal is expected to close in the first quarter of 2021. The assets acquired are The Original Muck Boot Company, XTRATUF, Servus, NEOS and Ranger brands. Thanks to ...
-
ArticleSergio Rossi’s owner is reportedly considering to sell
Investindustrial, the investment fund which wholly owns Sergio Rossi, is considering selling the Italian manufacturer of luxury shoes. According to the daily Corriere della Sera, Investindustrial has hired the investment bank Rothschild to study the future strategy for the shoemaker in which it has invested €100 million between the acquisition ...
-
ArticleBoohoo, Asos make moves on top U.K. brands
The British online fast fashion retailer Boohoo has acquired all of the intellectual property assets, including customer data and related business information and selected contracts, of the U.K. department store chain Debenhams, which is currently under administration, for £55 million (€75.3m-$69.1m), plus value-added tax, in cash. The purchase does ...
-
Article
Artémis invests in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
-
News briefs
Mytheresa IPO to raise $407m
The initial public offering (IPO) of the parent company of Mytheresa, a Munich-based online retailer of luxury fashion, is due to raise nearly $407 million. The transaction values the company $2.2 billion. The company started trading on the New York Stock Exchange on Jan. 21 and the offering is expected ...
-
ArticleLi Ning’s unit Viva China may take over Clarks for £51m
Chinese Olympic gold-medallist-turned-businessman Li Ning is about to take control of the British shoe maker Clarks less than a month after the iconic brand sold a majority stake to the Hong Kong-based private equity firm LionRock Capital. Li is the non-executive chairman of LionRock. Li, a former gymnastics star who ...
-
News briefsCVC reportedly in talks to buy Birkenstock
The private equity CVC Capital Partners is in talks to buy Birkenstock, according to the news agency Bloomberg. Citing people familiar with the matter, Bloomberg said that the family-owned shoe maker could be valued more than €4 billion including debt. No final decision has been made and talks may not ...
-
News briefsDr. Martens’ listing is scheduled early February
The British shoe maker Dr. Martens confirmed its intention to undertake an initial public offering, which is expected to be completed early February with the listing on the London Stock Exchange. The offer will comprise the sale of existing shares by IngreLux, a Luxembourg company owned by funds advised by ...
-
News briefs
Argentine tannery Curtiembres Fonseca changes ownership
The Argentine tannery Curtiembres Fonseca was taken over by a group of local investors. The company said that the transaction ensures the continuity of the business and that contracts with customers and suppliers will be honored and jobs maintained. The new president of the board, Raúl Zylbersztein, indicated that he ...
