All M&A articles – Page 3
-
News briefs
United Commerce Group buys Greats from Steve Madden
New York-based Unified Commerce Group (UCG) bought the premium sneaker brand Greats from Steve Madden, which had bought the label in 2019. As part of the deal, Steve Madden will take a stake in UCG, according to Footwear News. UCG also invested in the Utah-based womenswear retailer Böhme. “Today we ...
-
ArticleTapestry’s takeover of Capri given 30% chance of succeeding
The stock market gives an about 30 percent chance that Tapestry’s planned takeover of Capri Holdings will succeed after it was challenged by the US government over concerns that the aggregation could harm competition, according to the brokerage Raymond James. On April 22, 2024, the US Federal Trade Commission decided ...
-
ArticleLolë acquires Sanuk from Deckers
Lolë Brands, a Canadian athleisure, active and outerwear brand, announced the acquisition of the outdoor lifestyle footwear brand Sanuk from Deckers Brands. In October 2023, Deckers had indicated its intention to sell the brand. In the financial year ended March 31, Sanuk’s revenues plummeted by 33 percent to $25.4 million. ...
-
News briefs
Mec Europa expects a surge in sales thanks to €2m investment
Mec Europa Due, an Italian producer of premium and luxury shoes, has invested €2 million to bring inhouse manufacturing tasks and bolster capacity by increasing the number of assembly lines to seven from five. The company, based near the northern Italian town of Brescia, now has a production capacity of ...
-
News briefs
Nuo buys a minority stake in Scarpa
Scarpa, the Italian specialist for mountain and outdoor footwear, has that the investment holding company Nuo has acquired a minority stake in the company. Cornaro, the holding company of the Parisotto family, will continue to hold the majority and maintain control. No financial details were released. Following this transaction, ...
-
ArticleDeckers continues to be driven higher by Hoka and Ugg
Fueled by higher levels of full-price selling and double-digit sales gains for both its Hoka and Ugg brands, Deckers Outdoor reported 81 percent net income growth to $115.6 million for the first quarter that ended June 30 from $63.6 million a year earlier. The period marked the last earnings call ...
-
News briefs
Belledonne raises €1m in funding
Belledonne Paris raised €1 million from external investors to finance its expansion. Since its launch in 2018 thanks to a crowdfunding effort via the Paris and Montreal-based platform Ulule, Belledonne has been self-financed. The brand has also benefited from the support of Au delà du cuir (ADC), the leading French ...
-
News briefs
Lowa takes over its Austrian distributor
With the acquisition of the Austrian Lowa Sportschuhe GmbH sales company, based in St. Martin im Innkreis, and the change of name to Lowa Austria GmbH, Germany-based Lowa Sportschuhe GmbH has finally united all German-speaking core markets under one roof. Matthias Wanner, the chief sales officer of Lowa, will join ...
-
News briefs
EssilorLuxottica to buy Supreme for $1.5bn
EssilorLuxottica, a Franco-Italian eyewear producer, has entered into a definitive agreement to buy the Supreme brand from the US clothing company VF Corporation for $1.5 billion in cash. The transaction is expected to close by the end of 2024. The Supreme brand runs a digital-first business and 17 stores in ...
-
News briefs
Macy’s ends talks to be bought by activist investors
Macy’s said its board had unanimously determined to terminate discussions with the activist investors Arkhouse Management and Brigade Capital Management that had been trying to take the department store retailer private. In a statement the company said the investor funds’ revised proposal lacked certainty of financing, remained non-actionable and did ...
-
ArticleThailand’s Central Group takes over the rest of KaDeWe Group
The Thai conglomerate Central Group has taken full control of bankrupt German department store KaDeWe, signing a contract for the takeover of its business operations after obtaining clearance from the insolvency administrator. The financial terms of the deal were not disclosed. In April this year, the Central Group bought ...
-
ArticleAmerican Exchange Group buys Island Surf Company
American Exchange Group has bought Island Surf Company, a nautically inspired shoe brand founded in 2008. It will become a division of the White Mountain Footwear, benefitting from the brand’s existing infrastructure, sourcing expertise and retail partnerships. “We see tremendous potential with the acquisition of Island Surf Company,” said American ...
-
News briefs
Revolve buys Alexandre Vauthier
Revolve, a Los-Angeles based fashion group, has acquired a majority stake in Alexandre Vauthier, a French designer brand. “The strategic move further differentiates Revolve Group, Inc. in the premium and high-end fashion market, taking a significant step forward in its mission to redefine the fashion landscape,” the US company said ...
-
ArticleShoes For Crews emerges from Chapter 11 process after asset sale
Shoes For Crews, a US firm specializing in slip-resistant footwear, said that it has completed the sale of substantially all of its assets to its first lien secured lenders via a stalking horse credit bid. The sale marks the company’s emergence from its Chapter 11 process. Through the transaction, the ...
-
News briefs
Birkenstock’s controlling shareholder sells down its stake
BK LC Lux MidCo S.à r.l. (MidCo), an entity affiliated with the US private equity L Catterton, is proposing 14 million ordinary shares in Birkenstock in an underwritten secondary public offering. MidCo is selling 9,880,814 of the shares it owns, while 4,119,186 are sold by executive officers and certain other ...
-
News briefs
Shein’s London IPO seen at risk due to forced labor allegations
Shein’s attempt to be listed on the London Stock Exchange (LSE) could be undermined by allegations that part of the supply chain of the Singapore-based online fashion retailer uses forced labor, according to Interactive Investor’s head of markets, Richard Hunter. Hunter believes that the British financial market regulator, Financial Conduct ...
-
ArticleHenkelman Footwear details its plans for Bullboxer
The Dutch footwear group Theo Henkelman Footwear has unveiled more details about its plans for Bullboxer’s future, with a revamped design team focusing on a ‘new comfort concept,’ new retail partnerships and an adjusted pricing. Henkelman said that the brand’s design team has been expanded to include former Bullboxer ...
-
ArticleGolden Goose postpones its IPO
Golden Goose Group announced the postponement of its initial public offering (IPO) “as a result of European market volatility.” “As part of the IPO process, the company has engaged widely with investors. The reception of the story has been very positive, with strong support across the investment community, including from ...
-
News briefs
Suzano buys a 15% stake in Lenzing
Lenzing said that its main shareholder B&C Group and the Brazilian pulp producer Suzano S/A have signed a long-term partnership in connection with the majority stake in the Austrian producer of wood-based specialty fibers. As part of the agreement, Suzano will take over a 15 percent stake in Lenzing from ...
-
News briefs
Marubeni takes over RG Barry
Marubeni, a Japanese trading and investment company, has acquired RG Barry, the US owner of the slipper brand Dearfoams, the bag brand Baggallini, Planet A, a lifestyle brand producing biodegradable products, and Columbus Product Group, a provider of private label solutions including footwear. Marubeni noted that it established the Next ...
