Mergers and acquisitions news and archive

Cocoon elevates rental offering with MyWardrobe HQ and More Luxury Club

London-based rental platform Cocoon is elevating its offering, merging that of MyWardrobe HQ and More Luxury Club into its operations. By combining the businesses, Cocoon is building on efforts to position itself as a “definitive category leader” in circular luxury. As part of the process, MyWardrobe HQ’s chief executive officer, Coco Baraer...

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Centric Brands bolsters kids fashion segment with Vingino acquisition

Centric Brands LLC, a leading global lifestyle brand collective, has acquired the Vingino Group, an international children's fashion and lifestyle label known for its design-led approach and strong denim heritage. The acquisition is set to significantly strengthen Centric’s international Kids division by leveraging Vingino’s operational...

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Frasers Group snaps up Braehead Shopping Centre expanding retail network

British retail giant Frasers Group is continuing its retail network expansion with the acquisition of Renfrew’s Braehead Shopping Centre. The Scottish site was offloaded by SGS UK Retail, which initiated a transformation of the shopping centre as part of a wider restructuring at the company, strengthening its market position and sales...

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Pronovias reportedly up for sale

Madrid – Pronovias is up for sale. The goal is to find a new investment partner with the commitment and strength necessary to fully turn around its struggling business model. Its current owners, US private equity funds Bain Capital and Clearlake, have managed to patch up the structures. However, they remain affected following the disruption...

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Marquee Brands acquires California-based sock innovator Stance

Marquee Brands, the global brand accelerator, has acquired Stance, the California-based lifestyle and performance sock brand known for its bold designs and cultural collaborations. Founded in 2009, Stance now joins Marquee’s portfolio of high-profile names including Martha Stewart, Laura Ashley, Sur La Table, BCBG, Ben Sherman, Body Glove and...

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Repsol enters textile recycling, takes a stake in Coleo

Madrid – The Spanish group Coleo, one of Europe's leading companies specialising in recycling and recovering textile waste, has welcomed the Spanish multinational energy company Repsol as a new investment partner. Through its social entity, Fundación Repsol, the company has now formalised its investment in one of the main subsidiaries of the...

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OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Very Group finds new ownership, Barclay family exits

The Very Group, the parent company of Very and Littlewoods, has been taken over by investment firm Carlyle, seeing the exit of its long-time owners, the Barclay family. IMI will remain as a key stakeholder in the group. In a press release, The Very Group said the takeover was a “positive outcome” that provided a “strengthened capital base and...

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LuxExperience to sell The Outnet assets in 30 million dollar deal

LuxExperience – the luxury group formed following Mytheresa’s acquisition of Yoox Net-a-Porter (YOOX) – has announced that it has entered into an agreement with The O Group LLC to sell the set of assets that power multibrand platform The Outnet. The deal, to be made for a cash consideration of 30 million dollars, includes the relevant brand...

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Coats Group completes acquisition of OrthoLite, restructures divisions

Coats Group has announced the completion of its acquisition of footwear materials provider OrthoLite. The UK-based company said the takeover reflected a major milestone in its long-term growth plans, strengthening its existing footwear division through the expansion. With the acquisition, which was valued at 770 million dollars and included...

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Weird Fish owner ups stake, preps for acquisition spree

Total Capital Partners (TCP) has reportedly increased its stake in Weird Fish to 80 percent ahead of rolling out plans to expand its portfolio. The firm first invested in Weird Fish in 2017, setting out on a mission to build on the brand’s existing presence through new stores and an expanded product range. Now, TCP has doubled down on its...

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Closed acquisition: Germany's Federal Cartel Office gives green light

The acquisition of Closed by the Böck entrepreneurial family and fashion manager Dieter Holzer can now proceed. Germany's Federal Cartel Office has approved the takeover of the insolvent Closed Group by capital-Home GmbH, the authority announced on Friday. Capital-Home GmbH also holds the majority of shares in the Marc O'Polo Group. “Although...