All M&A articles – Page 4
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ArticleGolden Goose valued up to €1,860m in IPO price range
Golden Goose Group set a price range of €9.50 to €10.50 per share for its initial public offering, implying a market capitalization of approximately €1,693 million to €1,860 million for the company. The offering is destined to institutional investors and will consist of newly issued shares arising from a capital ...
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ANWR sells tax consulting subsidiary Conventa
The German buying group ANWR has sold its subsidiary Conventa-Treuhandgesellschaft mbH, which specializes in tax consulting, to SEJ GmbH Steuerberatungsgesellschaft. Conventa will remain based in Mainhausen, in the Hesse region of Germany, and will continue to provide tax advisory services tailored for shoe, sports and leather goods retailers. ...
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ArticleDesigner Brands expands in Canada as Q1 sales inch up
Designer Brands returned to modest sales growth in its first quarter ended May 4, as it bolstered its presence in Canada with the acquisition of the Canadian footwear retailer Rubino and its 28 stores. “Rubino currently operates stores that offer nearly identical atmospheres and assortments to that of our own ...
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HanesBrands sells Champion to Authentic Brands Group
HanesBrands has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Champion business to Authentic Brands Group for $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement ...
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ArticleGolden Goose plans listing on Milan stock exchange in June
Golden Goose, an Italian fashion brand known for its premium sneakers, said that it plans to hold an initial public offering (IPO) on the Milan stock exchange consisting of existing shares held by Astrum, its sole shareholder, and newly issued shares stemming from a capital increase. The brand will use ...
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ArticleArklyz completes the acquisition of Lloyd Shoes
The Swiss sports and lifestyle firm Arklyz AG has completed the takeover of the German premium footwear brand Lloyd Shoes, including all its subsidiaries, from Ara AG. The financial terms of the deal were not disclosed. With the acquisition of the German shoe manufacturer, Arklyz adds another footwear brand ...
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Tod’s can be delisted after a successful public tender
Crown Bidco, the investment vehicle used by L Catterton to buy out Tod’s’ minority shareholders at €43 per share, has obtained sufficient acceptances to delist the Italian luxury goods group. In the public tender that ended on May 8, Crown Bidco obtained acceptances for 5.855 million shares, representing 17.691 percent ...
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Moreschi proceeds with the firing of 59 workers
As announced in February, Moreschi, an Italian producer of upscale shoes, has proceeded with the firing of 59 people as part of its plans to outsource its production to third parties. In February, the Italian footwear company controlled by the Swiss group Hurley said that its own production was “not ...
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LVMH could take over Tod’s
LVMH could end up taking over Tod’s after the footwear company is delisted, according to the British bank Barclays. With the purpose of delisting Tod’s from the Milan stock exchange, L Catterton, a private equity firm backed by the French luxury goods group, launched on March 25 a public ...
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ArticleTecnica Group is working on a 5-year business plan
Tecnica Group is working a on five-year business which could lead to an initial public offering, according to the Italian newspaper Il Sole 24 Ore. In 2023, the Italian group, which owns the brands Tecnica, Nordica, Blizzard, Lowa, Moon Boot and Rollerblade, posted sales of €540 million and adjusted Ebitda ...
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ArticleMajo-Schuhe takes over three MyShoes stores
The family-run company Majo-Schuhe has acquired three stores from the footwear retailer MyShoes, a spokesman for the latter’s parent company Deichmann said, according to media reports. The takeover of the stores in Bad Vilbel, Friedrichsdorf and Groß-Gerau, in the Rhine-Main area, secures the jobs of 44 of the employees ...
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ArticleTheo Henkelman Footwear buys Bullboxer trademark rights for Europe
The Dutch footwear group Theo Henkelman Footwear has acquired the trademark rights to Bullboxer in Europe. The move marks the end of months of uncertainty for the Dutch brand, after in February the previous parent company, Unlimited Footwear Group (UFG), filed for bankruptcy. With the acquisition of the ...
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ArticleUS regulator moves to block Tapestry’s acquisition of Capri
On April 22, the US Federal Trade Commission (FTC) decided to sue to block Tapestry’s $8.5 billion acquisition of Capri Holdings. However, the companies plan to defend their case in court and to complete the transaction by the end of 2024. “If allowed, the deal would eliminate direct head-to-head competition ...
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ArticleJD Sports to buy Hibbett for about $1.1bn
JD Sports has entered into a binding agreement to acquire the Nasdaq-listed retailer Hibbett at $87.50 per share in cash. The bid implies an equity value of $1.083 billion (£878 million) and an enterprise value of $1.109 billion (£899 million). JD Sports expects to fund the transaction, and refinance Hibbett’s ...
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Agilitas Sports obtains the Lotto license for India, Australia and South Africa
WHP Global announced a long-term license agreement for Lotto giving the Indian company Agilitas Sports the exclusive rights to design, manufacture, promote and distribute the brand in India, Australia and South Africa. Abhishek Ganguly, the co-founder and CEO of Agilitas Sports said “we are excited to launch our first consumer ...
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Giorgio Armani does not rule anything out regarding his succession
The 89-year old Italian fashion designer Giorgio Armani said he “doesn’t rule anything out” when it comes to succession plans for the fashion empire he has built. In an interview with Bloomberg, Armani said that he cannot exclude either a merger with a larger group or an eventual stock market ...
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US regulator reportedly to vote on blocking Tapestry, Capri merger
The five commissioners of the The Federal Trade Commission (FTC) are scheduled to meet next week to vote on whether to file a lawsuit to block Tapestry’s $8.5 billion takeover of Capri Holdings, The New York Times reported, citing two sources familiar with the matter. The newspaper noted that the ...
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Sajaco Nordic takes over Morris-Accent from Rizzo Group
Following an accelerated bidding process, a unit of Sajaco Nordic has acquired Morris-Accent, the Norwegian subsidiary of Rizzo Group, a Swedish retailer of bags and accessories. Sajaco Nordic, which is based in Sweden, claims to be Scandinavia’s largest wholesaler of bags. On April 8, the ownership of the shares in ...
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ArticleFormer Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof
According to the German business publication Handelsblatt, the US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in ...
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ArticleDr. Martens urged to undergo a strategic review
Marathon Partners Equity Management is urging Dr. Martens to undergo a strategic review, including a potential sale of the company, to maximize shareholder value. The share price of the British bootmaker is down sharply since it was floated on the London Stock Exchange in January 2021. On April 4, Dr. ...
