Mergers and acquisitions news and archive

Prada says it is open to acquiring more brands, as Italian luxury consolidates

At a factory opening that produces Prada knitwear, Lorenzo Bertelli, the group’s marketing director and son of Miuccia Prada and CEO husband Patrizio Bertelli, told reporters the company is open to M&A opportunities. “We have been and will always be open to considering opportunities,” Bertelli said at the Torgiano-based based factory. Prada has...

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LVMH appoints advisors, reports say, as it considers sale of Marc Jacobs

LVMH and Marc Jacobs are once again gracing the headlines this week, with speculation swirling around the potential sale of the New York-based brand. Despite efforts to quash rumors, whispers of a possible transaction persist, keeping industry observers on the edge of their seats. Last week, Bloomberg stirred the pot by reporting that LVMH, the...

Business

Tapestry and Capri merger gains EU and Japan antitrust approval

The planned merger between luxury powerhouses Tapestry and Capri Holdings has been approved by market regulators in both Japan and the European Union, bringing the duo one step closer to their goal. In a regulatory filing, Tapestry confirmed the news that the merger plan had been cleared by the European Commission under the EU Merger Regulation...

Thai fashion group acquires German landmark store KaDeWe

Berlin's renowned KaDeWe department store has changed hands, with Thai conglomerate Central Group, also the owner of Selfridges, taking over ownership from the insolvent Austrian company Signa. Central Group, which has been actively acquiring European luxury stores, including Italy's Rinascente, Ireland's Brown Thomas, and Denmark's Illum,...

Business

The Platform Group acquires Hood Media

The Platform Group (TPG), a software company for platform solutions has announced the full takeover of Hood Media. Hood, the Cologne-based company, founded in 1999, is one of the 10 largest marketplaces in Germany through its Hood.de platform with more than 4,900 active dealers in over 20 product categories. Commenting on the acquisition,...

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Platinum Equity acquires Augusta Sportswear Brands and Founder Sport Group

Platinum Equity has acquired Augusta Sportswear Brands (ASB) and Founder Sport Group (FSG). Both companies are suppliers of team uniforms and off-field performance wear and fan apparel for the youth and recreational sports markets. Commenting on the development, Platinum Equity co-president Louis Samson said: "We saw the potential to combine two...

Business

L’Occitane acquires Italian fragrance brand Dr. Vranjes Firenze

The L’Occitane Group has acquired Italian luxury home fragrance brand Dr. Vranjes Firenze. The company said in a statement that the development marks another step in the group’s strategy to build a geographically balanced portfolio of strong premium beauty and fragrance brands. Commenting on the acquisition, Reinold Geiger, chairman of the L’...

Business

WHP Global finalizes acquisition of G-Star Raw

Global brand management group WHP Global has announced the finalization of its acquisition of Dutch denim brand G-Star Raw. Current G-Star shareholders, including the brand's founder Jos van Tilburg, are set to retain a minority stake in the brand. In addition, the current G-Star Raw leadership team, overseen by CEO Rob Schilder, is set to...

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A timeline of fashion's mergers, acquisitions and luxury financing in 2023

In 2023 the fashion industry experienced no shortage of funding. Despite challenges such as inflation, economic fluctuations, and geopolitical uncertainties, there was a high investor appetite for shares in luxury, e-commerce platforms, and brands promising substantial returns on investment. November & December Two notable deals centered around...

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Canada Goose acquires European knitwear manufacturer Paola Confectii

Canada Goose has acquired the operating assets of Paola Confectii Manufacturing. The company said in a statement that building upon the existing network of seven facilities across Canada, this acquisition marks the company’s first European facility, and supports its strategic growth plan. Canada Goose’s core down-filled products will continue to...

Business

Delta Galil acquires lingerie brand Passionata from Chantelle Group

Delta Galil Industries has announced the acquisition of Chantelle Group’s Passionata brand. The Passionata brand will be led by Antonio Iandolo, president of Delta Textile France, the Eminence Group’s holding. The company said in a release that the brand will be managed by an international team based in France and will benefit from Delta Galil’s...

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Tapestry cuts revenue forecast

Tapestry, the group that owns the portfolios of Coach, Kate Spade, and Stuart Weitzman, issued a revision to its annual sales projection on Thursday, with analysts citing a downturn in demand for its handbags and footwear across the United States. While Tapestry reported a 6 percent uptick in first-quarter revenue on a comparable basis to 2022,...