Mergers and acquisitions news and archive

JD Sports acquires Courir for 520 million euros

JD Sports Fashion has announced the completion of its acquisition of French sneakers player Courir. The company said in a release that the acquisition price is 520 million euros, paid through a combination of existing cash and a drawdown on the company’s revolving credit facility. In the year to December 31, 2023, Courir reported revenue of...

Business

Frasers acuires South African sporting goods company Holdsport

Frasers has announced the conclusion of the acquisition of South Africa's leading sporting, outdoor and recreation goods company, Holdsport from Old Mutual Private Equity (OMPE) and latter’s management. The company said in a release that Holdsport is a diversified business operating across retail, wholesale, manufacturing, distribution, and...

Business

LVMH plans to invest in Mykita

LVMH plans to further expand its presence in the eyewear sector and has set its sights on Mykita. The French luxury goods group wants to acquire a stake in Mykita through its subsidiary Thélios, the Berlin-based eyewear manufacturer confirmed to FashionUnited. Germany's competition regulatory agency still has to give its approval. “We are proud...

Business

Footwear player Vida acquires luxury fashion brand Aquatalia

Footwear player Vida Shoes International has acquired luxury fashion brand Aquatalia from ADJHA Aquatalia LLC. "With Aquatalia's rich history of style and craftsmanship, Vida Shoes International views it as the ideal addition to expand our portfolio within the luxury fashion industry, complementing our established luxe brands, Andre Assous and...

Business

Apparel Brands snaps up majority stake in kidswear label Hype

Fashion distribution company Apparel Brands has announced the acquisition of a 60 percent stake in kidswear label Hype, with the option to purchase the remaining 40 percent from the current owner, investor Sarjan Dulai. Dulai had previously taken over the brand via a pre-pack administration deal last year, which was then followed by the exit of...

Business

Permira acquires 40 percent stake in outdoor lifestyle brand K-Way

Private equity firm Permira has acquired a significant minority stake in K-Way, the entire share capital of which is currently owned by BasicNet. The company said in a release that while BasicNet will hold approximately 60 percent interest in K-Way, Permira through Permira Growth Opportunities II will become a shareholder with 40 percent stake....

Business

Frasers Group abandons Mulberry bid amid governance tensions

Frasers Group has withdrawn its pursuit of British luxury brand Mulberry after facing unanimous rejection of its proposed 150p per share offer, highlighting growing tensions between the retail conglomerate and the heritage label's board. The Mike Ashley-founded group, which has been strategically pivoting towards premium retail through...

BusinessFeatured

As growth momentum fades, is Jacquemus seeking investment?

French fashion label Jacquemus last week established its first permanent US presence with a flagship store in New York's Soho district, a strategic move that coincides with reports of the brand seeking minority investment. The 2,906-square-metre location represents a significant commitment to the American market, even as the independently-owned...

Business

N Brown to be taken private through 191 million pounds deal

Bidco, a newly formed company owned and controlled by Joshua Alliance, will acquire fashion retailer N Brown for approximately 191 million pounds. The company has offered 40p per share in cash compared with N Brown’s closing price of 27p yesterday. The Alliance family already owns around 60 percent of N Brown’s total shares. Bidco said in a...

Business

Vista Outdoor sells Revelyst and The Kinetic Group to two buyers for 3.5 billion dollars

Outdoor sports products manufacturer Vista Outdoor has secured two deals to offload performance gear brand Revelyst and its ammunition business, the Kinetic Group, following a long-winded bidding battle. For Revelyst, Vista Outdoor has entered into a definitive agreement with funds managed by Strategic Value Partners, LLC, (SVP) and its...

BusinessFeatured

Mytheresa closes the deal to acquire YNAP from Richemont

Mytheresa has acquired 100 percent of the share capital of Yoox Net-A-Porter Group (YNAP). At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of 555 million euros and no financial debt. Richemont will also make available a six-year revolving credit facility of 100 million euros to finance YNAP’s general corporate...

Business

Authentic completes Champion acquisition, announces new brand partners

HanesBrands has completed the sale of the intellectual property and certain operating assets of the global Champion business to Authentic Brands Group. It is the second-largest brand acquisition in Authentic’s history. “With the successful completion of this transaction, combined with our internal cash generation, we expect to pay down...