Mergers and acquisitions news and archive

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...

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Frasers Group becomes majority stakeholder in luxury retailer The Webster

The Webster is set to sell a majority stake of the company to British retail giant Frasers Group as part of a new strategic partnership. The leading shareholder position is currently held by founder and chief executive officer of the luxury retailer Laure Hériard Dubreuil and her family. Through the deal, Frasers intends to provide its own...

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Dieter Holzer appointed new CEO of Closed following acquisition

It was announced a few days ago that the insolvent Hamburg-based fashion company Closed has found new owners. During a press conference on Monday, the parties involved revealed initial details about the brand's future. The purchase price, however, was not disclosed. Dieter Holzer will take over the management of the company as CEO and...

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DK Company takes a stake in Ivy Oak

Berlin-based womenswear brand Ivy Oak is now backed by the Danish fashion group DK Company, which also owns brands such as Wood Wood, Gestuz, Solid, and Ichi. DK Company is investing in Ivy Oak. This will result in the restructuring of Ivy Oak GmbH, the company behind the Berlin-based womenswear brand, into Ivy Oak ApS, the parties announced on...

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Banana Republic acquires fan-built brand archive, launches vintage platform

Banana Republic is honing in on its past. The Gap-owned brand is hoping to bring its history into a fresh light for a new generation through the acquisition of a fan-built archive, ‘Abandoned Republic’. The digital platform, curated by archivist Robyn Adams, exhibits a selection of memorabilia, including illustrated catalogues and original store...

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Ebay acquires Norway's largest resale app Tise

Ebay has signed an agreement to acquire Tise, the most popular Norwegian marketplace for second-hand fashion and interior items, headquartered in Oslo. Tise, a mobile-first application, has over 2.5 million registered users in the Nordic countries, with more than one million in Norway. The total value of the company is estimated at approximately...

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Denim company Cone Denim acquired by Artistic Milliners

A major deal in the denim industry has been announced. Artistic Milliners has acquired a majority stake in the US-based Cone Denim. The company acquired the stake from Elevate Textiles, according to a press release. The acquisition price was not disclosed. Cone Denim will retain its own identity under Artistic Milliners. The press release...