Mergers and acquisitions news and archive

Filippa K acquired by OJ Holding Sweden AB

Filippa K has a new owner. OJ Holding Sweden AB, the parent company of Oscar Jacobson, acquired Filippa K from Novax, the company announced this in a press release. Here, it was emphasised that Filippa K will continue to operate as an independent label within the group. The financial terms were not disclosed. Filippa K was founded in 1993 and...

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Communications group The Independents snaps up design studio 2x4

The Independents is continuing its acquisition spree. The international communications group has announced that it has snapped up design studio 2x4, in what it says adds “design and brand strategy capabilities to its growing roster of specialist agencies”. By bringing the New York and Beijing-based studio under its wing, The Independents said...

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Trove acquires German resale platform Reverse.supply

Resale technology firm Trove has announced the acquisition of the German-based resale marketplace Reverse.supply as it continues on a mission to roll out its own platform internationally. Through the deal, which will bring Reverse.supply’s European expertise under Trove’s own wing, Trove said it “now offers the most comprehensive and scalable...

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Mytheresa secures regulatory clearance for YNAP acquisition

German e-tailer Mytheresa has said that it has received clearance to acquire Yoox Net-a-Porter (YNAP) from the European Commission. With this, the company has now secured all necessary approvals from regulatory authorities to move forward with the sale and plans to close the transaction by April 23, 2025. Mytheresa had first announced its...

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Jack Wolfskin acquired by Anta Sports for 260 million euros

German outdoor outfitter Jack Wolfskin is getting a new owner. The US-based group Topgolf Callaway Brands Corp. announced on Thursday that it intends to sell the brand to the Chinese sporting goods group Anta Sports Products Limited. A corresponding agreement has already been signed for a basic purchase price of 290 million dollars, which could...

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It's official: Prada acquires Versace for 1.25 billion euros

Italian fashion group Prada is officially the new owner of Versace. As the fashion world already predicted, Prada Group and Capri Holdings Limited have just announced that Versace has been acquired for 1.25 billion euros. Prada Group will take over 100 percent of Versace’s shares in a transaction financed by 1.5 billion euros of new debt...

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KNS International acquires footwear brand Birdies

KNS International has announced its acquisition of women’s shoe label Birdies, which will become a flagship brand under the US footwear group’s portfolio. In a release, Birdies co-founder, Bianca Gates, said the partnership with KNS marked an “exciting new chapter” for the brand, “enabling us to scale our mission of delivering both comfort and...

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Club L London acquires Lavish Alice in ‘seven-figure’ deal

Womenswear e-tailer Club L London has announced its acquisition of Lavish Alice, another British e-commerce company. The “seven-figure deal”, which was finalised February 28 and is the first acquisition for Club L London, includes all aspects of Lavish Alice’s operations, including intellectual property rights, website, inventory and customer...

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Business|Opinion

Why has Kurt Geiger changed hands so often?

Beloved in the UK, the last 15 years has seen footwear giant Kurt Geiger on a wild ride of ownership changes, reflecting the turbulent nature of the fashion industry and the challenges of growing a mid-luxury brand in a rapidly evolving retail landscape. The acquisition by Steve Madden in February 2025 marks yet another chapter for the UK-based...

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Business|Breaking

Stella McCartney takes back full control of her brand from LVMH

British fashion designer Stella McCartney has taken back full control of her eponymous fashion house. In a press release sent this Monday, January 27, 2025, Stella McCartney announced the repurchase of the minority stake held by luxury fashion house LVMH, “after more than five years of fruitful collaboration.” According to the statement sent out...

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Abu Dhabi fund propels sustainable fashion-forward brand Pangaia

Abu Dhabi's Royal Group has acquired a majority stake in Pangaia, the innovative materials technology and lifestyle brand that has been reimagining textile production through environmental consciousness. The acquisition represents more than a traditional private equity transaction, signaling a strategic alignment between an emerging Middle...

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Australia’s Myer and Premier Investments receive shareholder backing for merger

Australian department store Myer has received shareholder backing for its proposed merger with the Apparel Brands subsidiary of Premier Investments Limited. In a general meeting held by the company, 95.45 percent of shareholders voted in favour of the proposal. Upon announcing the results of the meeting, Myer executive chair, Olivia Wirth, said...