All M&A articles – Page 7
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Farfetch acquired by Coupang
The luxury fashion online retailer Farfetch has been acquired by South Korean e-commerce company Coupang for an undisclosed sum. Coupang has already founded a company called Athena Topco LP together with the financial firm Greenoaks Capital Partners LLC for the purpose of the takeover. The deal reportedly provides the ...
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ArticleWolverine sells assets in Asia for $70m
Wolverine Worldwide announced the sale of assets in Asia that will generate a combined $70 million in proceeds and further streamline the group’s structure. The U.S. company will raise $61 million by exercizing an option to sell a minority ownership interest in the entity that owns the Saucony intellectual property ...
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Shoe Carnival launches new $50m share buyback
Shoe Carnival’s board authorized a new share repurchase program for up to $50 million, effective Jan. 1, 2024. The new share repurchase program will replace an existing $50 million share repurchase program that was authorized on Dec. 14, 2022, and will expire on Dec. 31, 2023. The board also approved ...
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Holding Moda buys Dema
Holding Moda, the investment vehicle created in 2018 by Hind-Holding Industriale, has bought a majority stake in the Italian shoe maker Dema which is located near Naples and specializes in moccasins and sneakers. Holding Moda is creating a diversified hub of Italian fashion manufacturers and now controls 14 companies with ...
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ArticleCaprice takes over Peter Kaiser
Caprice, which is owned by the German group Wortmann Schuh-Holding KG, has acquired the women’s footwear brand Peter Kaiser. The Pirmasens-based shoe manufacturer said that it plans to retain ”the brand core, which is based on an excellent fit and high-quality materials” but intends to update the collections and to ...
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Leder & Schuh secures the Delka brand
The Austrian shoe retailer Leder & Schuh, owner of Humanic and Shoe4you, has taken over the trademark rights of the Austrian footwear retail banner Delka from Ara. The parties have agreed not to disclose the details of the transaction. Established in 1907, Delka filed for bankruptcy in the summer ...
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Asso buys the Janet&Janet brand
The Italian shoe maker Asso has acquired Janet&Janet, a women’s footwear brand, from Sthart. Founded in 1987 by Silvano Donati and Sauro Silenzi in the Fermo footwear manufacturing district, in the Italian Marche region, Asso specializes in children’s shoes. In 2019, the company diversified into the adult segment by buying ...
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Louboutin sets up a joint venture in India with ABFRL
Christian Louboutin is joining forces with the Indian company Aditya Birla Fashion and Retail Limited (ABFRL). Under the deal, the French brand of luxury footwear will transfer its Indian business into a newly incorporated subsidiary of ABFRL, in which the partners will have equal stakes. Alexis Mourot, Christian Louboutin’s group ...
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Kering buys 30% of Valentino
On Nov. 30, Kering completed the acquisition of a 30 percent shareholding in Valentino following clearance from the antitrust authorities. The french conglomerate had announced the purchase of the stake in the Italian fashion house on July 27, 2023. Kering bought the stake from the Qatari group Mayhoola for €1.7 ...
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Frasers increases its stake in Boohoo to over 17%
Frasers Group has increased its stake in the online fashion retailer Boohoo to 17.22 percent from 16.50 percent, according to a stock exchange filing. The British retailer has been gradually building up a stake in Boohoo over the past months. It previously said that it saw “potential synergies and an ...
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ArticleA new acquisition for Tre Zeta Group
Tre Zeta Group has acquired a 100 percent stake in Solettificio Do.Gi., an Italian company specializing in the design and production of insoles for women’s shoes for the world’s leading luxury brands. Situated in Civitella in Val di Chiana, in the Tuscan province of Arezzo, Do.Gi. was founded in 1977 ...
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Permira reportedly picks the banks for Golden Goose's IPO
The private equity Permira has selected the pool of banks that will arrange the initial offering (IPO) of Golden Goose, according to the dailies Financial Times and Il Sole 24 Ore. The coordinators of the IPO are JP Morgan, BofA Merrill Lynch and Mediobanca. Il Sole 24 Ore does not ...
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Shein reportedly files for an IPO in the U.S.
Shein, the Singapore-based fast fashion online retailer, has confidentially filed to go public in the U.S., according to The Wall Street Journal. Goldman Sachs, JP Morgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, it added. Shein was valued at ...
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Footway employees and directors invest into the company
Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the Swedish company’s capital. The transaction comprises a total of approximately 8.8 million shares, representing about 8.7 percent of the company’s share capital and 10.4 percent of the voting rights. ...
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Permira close to picking the banks for Golden Goose’s IPO
The private equity Permira is in the home stretch regarding the selection of the pool of banks that will arrange the initial offering (IPO) of Golden Goose, that could be held in 2024, according to the daily Il Sole 24 Ore. Goldman Sachs and BofA Merrill Lynch are the frontrunners ...
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Gerry Weber to be delisted
The German fashion group Gerry Weber is set to undergo a capital cut and to delist from the stock market as part of its restructuring plan, which was confirmed on Oct. 25 by the Essen Restructuring Court. The plan, which also includes a €50,000 capital increase, “was approved with ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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ArticleGruppo Florence plans a Milan-based ‘hub’ in 2024
Gruppo Florence, an Italian holding company that owns 28 suppliers to the luxury goods industry, including three footwear manufacturers, is planning to create a “hub” in Milan to exhibit the know-how of its various businesses. The hub dubbed “villaggio delle meraviglie” (the village of wonders) by Gruppo Florence’s CEO, Attila ...
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Chaussea’s parent buys Pataugas
VGM Holding, which owns the French footwear retailer Chaussea, has bought the footwear brand Pataugas from the Hopps Group. No financial details were released. Created in the Basque region of France in 1950, Pataugas is particularly well-known in France for its comfortable walking shoes with rubber soles. The brand was ...
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Nice Footwear takes full control of Favaro, Emmegi
Nice Footwear has increased its stakes in Emmegi and Favaro Manifattura Calzaturiera to 100 percent from 80 percent. The Italian footwear company bought its initial stake in Emmegi, an Italian producer of premium handbags, in 2022 and its initial stake in Favaro, an Italian manufacturer of luxury women’s shoes, in ...
