Acquisition news and archive

Fashion Cloud acquires the Stitch Showroom

Fashion Cloud, Europe's leading B2B platform for the fashion wholesale industry, announces the successful acquisition of the Stitch Showroom, the acclaimed Digital Showroom solution developed by PVH-backed venture, Stitch. The transaction combines Fashion Cloud’s strong data capabilities and all-in-one approach with the outstanding visual...

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Puig acquires majority stake in Charlotte Tilbury

British makeup brand Charlotte Tilbury has sold a majority stake of its company to Barcelona-based Puig. The Spanish fashion and fragrance group announced in a statement on Thursday that it would be acquiring a majority stake in the brand, while Charlotte Tilbury’s founder will retain a significant minority stake. Additionally, investing...

Business

Italian fast fashion group Imperial acquires majority stake in Swiss retailer Anouk

Imperial Spa has acquired a majority stake in the Basel-based women’s fashion retailer Anouk SA. The transaction was carried out by the formation of the new company Imperial Retail Switzerland AG. Additionally, the Italian fast-fashion group will expand its online presence by launching an e-store in Switzerland under the brand name Anouk. Franç...

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Roberto Cavalli acquired by Vision Investment

Vision Investment Co. LLC, the Dubai-based investment vehicle of millionaire Hussain Sajwani, owner of real estate developer Damac Properties Group, will acquire Italian luxury fashion brand Roberto Cavalli. This ends weeks of speculation that saw several potential buyers, among them German fashion designer Philipp Plein together with private...

Business

The Kooples buyout approved for Maus Frères

Swiss group Maus Frères, which owns brands including Lacoste, Aigle and Gant, has been approved by the Autorité de la concurrence, to buyout French ready-to-wear label The Kooples, which is currently owned by its founding owners. According to a press release from the Autorité de la concurrence, the decision was made on May 20 without any...

Business

Sports Direct buys Evans Cycles for 8 million pounds

Sports Direct has announced it has paid 8 million pounds (10.2 million US dollars) to buy British retailer Evans Cycles after it fell into administration. Commenting on the Wednesday announcement in a statement, Sports Direct boss Mike Ashley said: “We are pleased to have rescued the Evans Cycles brand. However, in order to save the business we...

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Pavers acquires Jones Bootmaker as Endless withdraws

London - Fellow footwear retailer Pavers has finally acquired Jones Bootmaker through a pre-pack administration deal, leading to 86 redundancies. The move comes close to a year after Pavers first made a bid for Jones Bootmaker, but lost its bid to private equity firm Endless. It marks the second time in a year that Jones Bootmaker has seen a...

Business

Alibaba buys stake in Wanda Film for 750 million dollars

Troubled Chinese conglomerate Wanda announced Monday that e-commerce giant Alibaba has agreed to buy a stake in its cinema division for around 750 million US-dollars, the latest sell-off by the heavily-indebted group. Wanda Film said in a regulatory filing that Alibaba will buy a 7.66 percent stake for 4.68 billion yuan, and a holding company...

Business

Coach completes tender offer to takeover Kate Spade

London - Coach announced that its wholly owned subsidiary successfully completed its tender offer to acquire Kate Spade & Company. The New York-based company has acquired all the outstanding shares of common stock at 18.50 US dollars a share, for a total of 2.4 billion US dollars. The announcement comes after Coach extended its tender offer on...

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Supreme denies speculation concerning LVMH acquisition

London - Rumours claiming LVMH had taken over streetwear style brand Supreme following its menswear collaboration with Louis Vuitton, previously revealed during Paris Fashion Week last month, for 500 million dollars are said to be untrue. On Thursday afternoon a report was published on Highsnobiety which hint that LVMH may have purchased Supreme...

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LVMH expands portfolio with acquisition of Rimowa

London - Luxury conglomerate LVMH has acquired an 80 per cent stake in German premium luggage manufacturer Rimowa for 640 million euros (716 million dollars), as the French company continues to diversify its portfolio. The agreement sees Dieter Morszeck, grandson of the founder of Rimowa, sell a majority stake to LVMH Group, while retaining a...

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JD Sports to take over Perry Sport and Aktiesport

JD Sports Fashion has confirmed its acquisition of Dutch sportswear chains Perry Sport and Aktiesport from their bankrupted parent company Unlimited Sports Group early wednesday morning. The British retailer, who will take over the trading assets, intellectual property, inventories, fixtures, fittings and trade of the two chains, is set to pay a...