Acquisition news and archive

Sports Direct buys Evans Cycles for 8 million pounds

Sports Direct International Plc, the UK sportswear group owned by billionaire Mike Ashley, has announced that it has paid 8 million pounds (10.2 million US dollars) to buy UK retailer Evans Cycles after it fell into administration. Commenting on the Wednesday announcement in a statement, Mr Ashley said: "We are pleased to have rescued the Evans...

BusinessFeatured

The Next Wave for Beauty? Cosmetics Companies Dive into Mergers and Acquisitions

Interest for mergers and acquisitions among large beauty companies steadily grew throughout 2017 and is set to continue thriving in 2018. According to beauty M&A advisors, Intrepid Investment Bankers, the M&A market continued its active pace with over 100 transactions in 2016 and 2017. Not only have we seen an increase in the number of beauty...

Management

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...

Report

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

C&A fashion chain eyes sale to Chinese investors: report

The billionaire family that owns Dutch clothing retailer C&A is on the brink of selling the chain to Chinese investors, a German media report said Sunday. The deal is close to being finalised, Der Spiegel weekly said, citing "insider sources". C&A, founded in the Netherlands in 1841 by the German-Dutch Brenninkmeijer family, has over 1,500...

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...

Business

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...

ManagementFeatured

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...

Management|UPDATE

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...

BusinessFeatured

DSW expands internationally with acquisition of Ebuys Inc.

Shoe retailer DSW announced today that the company is planning to acquire Ebuys Inc., an international e-commerce footwear retailer. The transaction is a way for the DSW brand to grow its market globally and domestically within the footwear market. Ebuys Inc. is heavily prominent in North America, Europe, Australia, and Asia as a footwear and...

Fashion

High net worth individuals spending patterns

London is home to the world's most ultra-high net worth individuals (UHNWI), and by ultra-high net worth we mean assets of 30 million dollars or more. In a new report commissioned by luxury estate agents Knight Frank, the world's uber rich individuals will increase 30 percent to 215,000. In terms of spending power, these individuals control more...