All M&A articles – Page 23
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ArticleClarks reaches £100m rescue deal with private equity LionRock
The Asian private equity firm LionRock Capital has reached an agreement to rescue the iconic British shoe brand Clarks in a £100 million (€110.9m, $130.0m) deal that will see the founding family keep a stake in the business. The deal, which requires approval of a Company Voluntary Arrangement (CVA), will ...
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News briefsEurazeo sells stake in Farfetch
The French investment house Eurazeo has sold its minority stake in Farfetch, a London-based online marketplace for fashion and luxury goods brands and multi-brand boutiques present in 190 countries, for net proceeds of €90.4 million. After investing in Farfetch in 2016, Eurazeo said it helped Farfetch to develop business among ...
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News briefsKlarna snaps up Woilà
Klarna, the Swedish online payments group which offers ”buy now, pay later” solutions, has acquired the technology and team of the startup Woilà, whose app allows consumers to get refunds if the price of a product falls after an online purchase is completed. Klarna said the acquisition, for which terms ...
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News briefsMyShoes buys eight stores from Dielmann
Schuhhaus Dielmann, the German footwear chain currently in administration under creditor protection proceedings, will sell eight stores to MyShoes. The deal still has to be cleared by the national competition regulator, Federal Cartel Office, and landlords, but is scheduled to close on Dec. 1. Previously Dielmann said it would close ...
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ArticleAustralian billionaire buys R.M. Williams
An Australian billionaire, Andrew Forrest, has bought R.M. Williams, the producer of an iconic Australian outback boot, from L Catterton, a private-equity company backed by LVMH, and some minority shareholders including the Australian actor Hugh Jackman. No financial details were disclosed but the Australian Financial Review said that the selling ...
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ArticleNew Italian fashion firm could expand into footwear
A newly created high-end Italian fashion firm known as Florence could look to expand into footwear and other accessories in the medium term after having built up a manufacturing hub in clothing, said Francesco Trapani, the chairman of Florence and former chief executive of Italian luxury jeweler Bulgari. Florence has ...
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News briefsCPC completes purchase of Shoes.com
CriticalPoint Capital (CPC), a Californian-based private equity firm, has completed the acquisition of Shoes.com from Walmart. No financial details were released. Shoes.com is an online retailer of footwear, apparel and accessories present in the U.S., and internationally, offering a broad assortment of athletic to casual brands for women, men, and ...
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News briefs
25 former André stores to be auctioned
Twenty-five former shops of the French footwear retailer André will be auctioned from Oct. 27 to 30 in Grenoble. In July, a Grenoble-based court had chosen François Feijoo to take over André which had filed for insolvency. But, Feijoo only kept 55 of André’s stores, out of a total fleet ...
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ArticleChanel buys Italian luxury shoe maker Ballin
Chanel has bought a majority stake in the Italian luxury shoe maker Ballin, which has its own brand and produces for third parties, including the French fashion house. The company will continue to be managed by the Ballin family and will be allowed to continue working with all its other ...
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ArticleStreetTrend buys Italian sneaker brand P448
StreetTrend has acquired the sneaker brand P448 from NoThanks, an Italian company based in Forli, and will enter it into its portfolio of footwear and fashion brands. StreetTrend is a fashion footwear and street wear brand company launched in 2017 by Wayne Kulkin, the former chief executive of Stuart Wetizman ...
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News briefs
Clarks reportedly enters exclusive talks with LionRock Capital
Clarks has decided to enter exclusive talks with LionRock Capital in order to sell a majority stake to the Hong Kong-based investment firm, the news agency Reuters reported citing a source familiar with the matter. It added that LionRock prevailed in an auction process and that the British footwear company ...
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News briefs
Dainese buys motorcycle boot producer TCX
The Italian motorcycle gear and sportswear group Dainese has acquired TCX, an Italian producer of motorcycle boots. Financial details for the acquisition of TCX, which is based in Montebelluna in the province of Treviso, were not disclosed. “TCX possesses in-depth technical and development expertise in the world of motorcycle footwear ...
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ArticleAllbirds raises $100 million in funding round
Allbirds, the Californian brand of sustainable footwear, has closed a $100 million Series E funding round led by Franklin Templeton, alongside T. Rowe Price, Baillie Gifford, TDM Growth Partners, Rockefeller Capital Management and other investors. According to The Wall Street Journal, which cites an inside source, the equity increase gives ...
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ArticleBrand reshuffle in the Brazilian footwear industry
An asset reshuffle involving three of Brazil’s leading footwear manufacturers will result in Grendene boosting its women’s collection, Vulcabras Azaleia focusing on sportswear and Alpargatas concentrating on its key brands, including Havaianas.
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News briefsAlma FRC Group unit Débé takes over Tacco
Tacco Footcare, a German shoe-care producer, announced on its Facebook page that it has been acquired by the Belgian insole producer Débé, which in turn is owned by Alma FRC Group, a French manufacturer of shoe care and shoe accessory products. Tacco will be included in a portfolio that comprises ...
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ArticleSioux completes restructuring of wholesale division
Less than three months after filing for insolvency, Sioux GmbH successfully underwent a restructuring that will allow the wholesale business to remain part of Sioux Group. The company, which deals with shoe retailers for the Sioux Group, is being taken over by Sioux Schuh GmbH, a newly established subsidiary of ...
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ArticleHong Kong’s LionRock reportedly enters Clarks bidding war
Iconic UK shoe retailer Clarks is reportedly the target of two suitors vying to take a stake in the troubled firm. Hong Kong-based private equity firm LionRock Capital has entered the race to refinance the company, which could see the end of 200 years of majority family ownership. LionRock is ...
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News briefs
BIG buys Aldo U.K.
The U.K. arm of the Canadian footwear retailer Aldo Group has been acquired by Bushell Investment Group (BIG), which is based in Birmingham, England. BIG indicated that the acquisition, for which financial details were not released, will preserve 150 jobs and lead to the creation of an additional 50 roles ...
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News briefs
Nicholas Kirkwood takes back brands from LVMH
The British designer Nicholas Kirkwood is taking back his namesake luxury shoe brand from LVMH after a seven-year partnership. The French conglomerate said that the decision was mutual and amicable and that it would continue supporting Kirkwood over the coming months to ensure a smooth transition. No financial details were ...
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ArticleU.S. delays TikTok ban to Sept. 27 as Trump gives blessing to deal with Oracle, Walmart
The U.S. Department of Commerce said that it has delayed until Sept. 27 the prohibition of the Chinese mobile application TikTok. The department had previously announced that the ban would start today. The decision comes after U.S. President Donald Trump said he had given his “blessing” to a proposed deal ...
