All M&A articles – Page 8
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PVH sells Warners, Olga and True & Co. to Basic Resources
PVH is selling its Warners, Olga and True & Co. businesses to Basic Resources for $160 million, plus an earnout based on the net sales on a portion of the acquired businesses for calendar 2024, with a maximum value of $10 million. The transaction is expected to close at the ...
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Comfort One Shoes buys Saxon Shoes
Comfort One Shoes, a Northern Virginia-based retailer, has bought Saxon Shoes, a footwear retailer based in Richemont and founded by the Weiner family 70 years ago. No financial details were available. Comfort One Shoes intends to retain the Saxon Shoes brand and keep the store at the Short Pump Town ...
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Frasers hikes its stake in Asos
Frasers Group has increased its stake in the British online fashion retailer Asos to 19.52 percent from 19.00 percent, according to a filing with the London Stock Exchange. Based on the filing, 12.74 percent of the voting rights are held through shares and the remaining 6.78 percent through financial instruments, ...
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Ferragamo takes full control of 3 Chinese joint ventures
Salvatore Ferragamo is taking full control of three joint ventures in Greater China by buying out the minority shareholder Imaginex for $42.0 million. Under the transaction, Ferragamo and its subsidiary Ferragamo Hong Kong are acquiring 25 percent stakes in Ferragamo Moda (Shanghai) and Ferrimag and a 24.8 percent stake in ...
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Eurmoda buys Macuz
Eurmoda, an Italian supplier of components to the fashion industry, has bought Macuz, a Tuscan producer of high-quality metal components for the fashion industry. No financial details were available. Founded in Florence in 1952 by Marcello and Alma Macuz, the company will join a group that also comprises Margot and ...
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A second activist investor targets VF
Los Angeles-based Legion Partners, has acquired an undisclosed stake in VF Corp. and wants the group to divest brands such as Timberland, Bloomberg reported, citing sources familiar with the matter. Previously, the California-based activist investor Engaged Capital outlined that VF is suffering from bloated overhead that is driving down shareholder ...
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Frasers sells the Missguided brand to Shein
The British retailer Frasers Group has sold the intellectual property (IP) of the Missguided fashion brand to the online fast fashion retailer Shein. Under the terms of the transaction, Shein will acquire the IP and trademarks of Missguided, while Frasers will retain Missguided’s real estate and employees which have now ...
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Inc.5 Shoes raises $10m in a Series A funding
The Mumbai-based omnichannel footwear brand Inc.5 Shoes has raised $10 million in a Series A funding round led by the local private equity Carpediem Capital. Param Capital and P3 Venture Fund also participated in the found. Created in 1998, Inc.5 Shoes retails through 70 stores and more than 200 shop-in-shops ...
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ArticleHermès could consider investments in Italian shoe, fashion suppliers
Hermès could invest in some of its Italian footwear and fashion suppliers to further integrate its supply chain, said Eric du Halgouët, the company’s executive vice president of finance. “We could consider vertical integration with investments to consolidate partnerships with some suppliers that share our standards,” he said during a ...
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Frasers continues to hike its stake in Boohoo
Frasers Group has increased its stake in the online fashion retailer Boohoo to 16.50 percent from 15.12 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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Steve Madden buys Almost Famous to expand its apparel business
In a move to expand its apparel business, Steve Madden has bought Almost Famous, a designer and marketer of women’s apparel, for $52 million in cash, plus an earn-out provision based on future financial performance. Almost Famous markets products under its own brands, primarily Almost Famous, as well as private ...
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EU clears Farfetch acquistion of YNAP stake from Richemont
The European Commission has unconditionally cleared the acquisition by the British online fashion retailer Farfetch of a 47.5 percent stake in Yoox Net-a-Porter (YNAP) from the Swiss luxury goods group Richemont in exchange of Farfetch shares. The commission was the last regulatory hurdle required to obtain clearance for the deal, ...
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Cinven may put Kurt Geiger up for sale
The private equity Cinven is working with its adviser Bank of America on a potential auction for Kurt Geiger, according to Sky News, adding that the sale process could start in the coming months. Cinven could be seeking to raise £400 million (€460m) in the sale. Cinven bought the British ...
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ArticleVF shareholder pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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ArticleFrasers to acquire SportScheck in Germany
The British retailer Frasers Group has entered into a binding agreement with Signa Retail Department Store Holding GmbH to acquire SportScheck, one of the leading sports retailers in Germany. Completion of the transaction will be subject to regularory clearance. Frasers expects the transaction to close in the first quarter of ...
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Frasers increases its stake in Boohoo again
Frasers Group has increased its stake in the online fashion retailer Boohoo to 13.44% from 10.42%, according to a stock exchange filing. The British retailing group has been building up a stake in Boohoo. It previously said that it saw “potential synergies and an opportunity to strengthen our own brand ...
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Birkenstock disappoints on market debut
Birkenstock’s share price fell by 12.61 percent to $40.20 on Oct.11, its first trading day on the New York Stock Exchange, representing a market capitalization just above $7.5 billion. The sandal maker had priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price was ...
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Birkenstock prices its IPO at $46 a share
Birkenstock has priced its initial public offering at $46 per share, valuing the company $8.6 billion. The price is just slightly below the midpoint of the $44.00 to $49.00 price range previously announced by the sandal maker. Birkenstock Holding Limited, which is registered in Jersey and has its headquarters in ...
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Massimo Bonini invests in Giorgio Fabiani
Massimo Bonini, the Milan-based showroom operator, has bought a minority stake in the Italian shoemaker Giorgio Fabiani. The partnership aims to bolster Giorgio Fabiani’s manufacturing base and distribution network. The brands Missoni and Mugler, which both work with Massimo Bonini, are also expected to start working with the shoemaker. The ...
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Frasers hikes its stake in Boohoo to 13.44%
The British retailing group Frasers Group has further increased its stake in the online fashion retailer Boohoo to 13.44 percent from 10.42 percent, according to a filing with the London Stock Exchange. Frasers has been building up a stake in Boohoo. At the end of August and early September, it ...
