Acquisitions news and archive

Intersport France finalises purchase of Spanish subsidiary for 300,000 euros

Intersport France is poised to become the future owner of the brand and central purchasing office of its Spanish counterpart. According to Modaes, the French subsidiary has submitted an offer of 300,000 euros. This includes the acquisition of assets, some suppliers, and the integration of a significant portion of the workforce. The deal is still...

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Nextil improves credit rating, eyes expansion in Portugal and Guatemala

Madrid – Following a period of strong financial results and a strengthened balance sheet, Spanish textile company Nextil is accelerating its 2024–2026 Strategic Plan. The plan is centred on three key initiatives: improving its credit rating, expanding operations in Portugal through acquisitions, and increasing production capacity at its plant in...

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South Korean Naver acquires Wallapop

Madrid – Naver, a South Korean technology company often referred to as the "Google" of its home country, has acquired Wallapop, the popular Spanish second-hand platform. Founded in Barcelona in 2013, Wallapop is credited with popularizing consumer-to-consumer (C2C) resale in Spain, including for fashion items and accessories. This acquisition is...

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India's Lenskart acquires 80 percent stake in Spanish brand Meller for over 40 million euros

Lenskart, the innovative Indian eyewear company, has acquired an 80 percent stake in Meller, a digitally native sunglasses brand based in Barcelona. The deal, valued at over 40 million euros, marks Lenskart's first strategic move into the European market. The acquisition was announced in a filing with the Securities and Exchange Board of India....

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Founder of Inditex acquires 49 percent of British port company PD Ports

Madrid – Amancio Ortega, founder and majority shareholder of Inditex, the owner of Zara, continues to expand and diversify his investment portfolio. He has increased his list of logistics assets with the purchase of 49 percent of the British port company PD Ports. PD Ports is one of the UK’s leading port groups and the statutory body for the...

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Israeli firm MySize buys Spanish resale platform Percentil

Madrid – Spanish second-hand clothing platform Percentil has been saved from liquidation by its acquisition out of bankruptcy by Israeli technology company MySize. MySize, specializing in measurement services and AI-based solutions, aims to become a leading player in the European second-hand fashion sector, encompassing both C2C (Consumer to...

Fashion

G-III acquires French swimwear brand Vilebrequin

Vilebrequin, the luxury swimwear brand, has been bought by G-III Apparel Group Ltd for 85.5 million euros (US$ 105.7 million or Rs 583 crores). The new owner plans to add more retail locations throughout the world and further develop the brand's men's accessories and resort-wear offerings, G-III said in a statement. Of the purchase price, 70.5...