Tag : mergers and acquisitions
Sol Sana and From St Xavier sign buyout dealSubscription
Footwear brand Sol Sana and handbag company From St Xavier have signed a management-led buyout with new footwear management company Kinzu Brands.
In a turbulent year for retail, the buying and selling of major players from the high street to the high end has pervaded. Here is Drapers’ run-down of some of the companies entering 2019 under fresh ownership.
Farfetch buys sneaker marketplace Stadium GoodsSubscription
Luxury etailer Farfetch has bought sneaker and streetwear marketplace Stadium Goods for $250m (£198m).
US golf brand to buy Jack WolfskinSubscription
Callaway Golf Company is buying Jack Wolfskin for €418m (£372m).
Hammerson sells stake in Highcross Subscription
Hammerson has completed the sale of its 50% stake in Highcross shopping centre in Leicester to an Asian investor for £236m.
Global Brands completes $1.2bn saleSubscription
Global Brands Group, owner of Juicy Couture, Kenneth Cole and Ellen Tracy, has completed the $1.2bn (£940m) sale of “select North American assets” to Hudson Jeans owner Differential Brands Group.
Sports Direct buys Evans CyclesSubscription
Sports Direct has bought Evans Cycles through a pre-pack administration for an undisclosed amount.
The Competition and Markets Authority (CMA) has announced the proposed merger of Sainsbury’s and Asda will now undergo an in-depth investigation, which will consider competition for children’s clothing.
French Connection buyer will need 'deep pockets'Subscription
French Connection is likely to be bought by another fashion retailer if a deal goes ahead, industry sources have indicated.
Michael Kors Holdings’ acquisition this week of Versace for $2.12bn (£1.61bn) will accelerate the Italian fashion house’s international expansion and signals the US business’s intention to take on global brand houses, industry experts have said.