register for enews ask a question

about us

Date:    July 2010
Buyer/Investor:   Aydinli Group
Target:    Cacherel
Business:    Fashion Brand
Value:    Undisclosed
Details:  Rights to menswear brand sold to licensee.  Outlet stores in France and Italy sold to separate buyers.

Date:    July 2010
Buyer/Investor:  Advent Venture Partners
Target:    Farfetch.com
Business:    Etailer
Value:    £3m
Details: Venture capital investment for further development of website for independent boutiques worldwide.

Date:    July 2010
Buyer/Investor:  MMC Ventures
Target:    E-Trader
Business:    Etailer
Value:    £2m
Details:  Second round funding to develop online fashion site Koodos

Date: July 2010
Buyer/Investor: Tim Little
Target: Genson
Business: Footwear
Value: undisclosed
Details:  Tim Little, Genson's creative director has been bought the Genson brand from its chairman Christian Purslow.

Date:  July 2010
Buyer/Investor:  Balderton Capital (lead investor)
Target:  My-Wardrobe
Business:  Premium etailer
Value:  $9m
Details:  Venture capital investment in etailer led by Balderton

Date:  July 2010
Buyer/Investor:  Billabong
Target:  West49
Business:  Actionsports retailer
Value:  $93.5m
Details:  Billabong buys one of its retail partners in Canada

Date:   July 2010
Buyer/Investor:  Debenhams
Target:   Faith
Business:  Footwear
Value:  undisclosed
Details:  Debenhams has acquired 115 Faith concessions from administrator Mazars after the chain went into administration in April . 

Date:   June 2010
Buyer/Investor:  TPG Capital
Target:   Republic 
Business:   Young fashion chain 
Value:    not disclosed but reported to be £300 million
Details:   Republic is expected to benefit from significant investment by its new owners, who wish to expand on its 103 stores in the UK,

Date:   June 2010
Buyer/Investor:  Beales
Target:   Robbs of Hexam 
Business:  Department store 
Value:   £250,000
Details:  Beales have purchased Robbs of Hexam from MCR, the administrators of The Vergo Retail group, which went into administration last month

Date:   June 2010
Buyer/Investor:  N Brown
Target:   Figleaves 
Business:  On line lingerie retailer
Value:    £11.5 million

Date:   June 2010
Buyer/Investor:  Rhone
Target:   Quicksilver 
Business:  Boardsports brand
Value:  $75 million
Details: Private equity house Rhone has agreed a debt equity swap for $75m of debt which will give it 24.8% of the shares in Quicksilver.

Date:  May 2010
Buyer/Investor: Shandong Ruyi Science & Technology Group Co.
Target:  Renown Inc 
Business: Brand owner 
Value:  $44.2 million 
Details: This sale makes Shandong the largest shareholder in Renown with a 41% stake.  Renown has been restructuring and has cut 16 of its 62 brands, including the sale of Aquascutum last year.  Shandong will help Renown extend into the Chinese market.

Date:  May 2010
Buyer/Investor: IPO
Target:  Express 
Business: Fashion Retailer 
Value:  $167 million 
Details: Express has 573 stores in the US and is looking to raise $167 million in the IPO.

Date:  May 2010
Buyer/Investor:  Management buy out
Target:  Phase Eight 
Business: Women’s wear 
Value:  Undisclosed 
Details:  Sale of the 49% stake previously owned by Kaupthing Bank.  Investors include Kew Capital which invests on behalf of Russian billionaires Alexnader Abromov and Alexander Frolov.

Date:  May 2010
Buyer/Investor:  Blue Gem Capital Partners
Target:  Liberty
Business:  Department Store 
Value:  £32 million  
Details:  Liberty is a landmark London store.

Date:  May 2010
Buyer/Investor: New and existing shareholders
Target:  Alexon 
Business: Women’s wear 
Value:  £20.3 million 
Details: Capital raising by Alexon with 61.6% of the capital coming from new shareholders.

Date:  May 2010
Buyer/Investor:  TPG Inc & Bain Capital
Target:  Lilliput Kidswear Limited 
Business: Kids wear 
Value:  $86 million 
Details: Lilliput makes kids wear for retailers including Gap & next plus 240 of its own stores in India.

Date:  May 2010
Buyer/Investor: Jones Apparel
Target:  Stuart Weitzman Holdings
Business: Women’s salon footwear 
Value:  c$180 million plus earn out 
Details: Sale of 55% of the Group with Stuart Weitzman retaining 45%.

Date: 
May 2010
Buyer/Investor: Qatar Holding (the investment arm of the emirate's sovereign wealth fund, Qatar Investment Authority)
Target:  Harrods 
Business: Luxury retailing 
Value:  £1.5 billion 
Details: Harrods, the world famous department store, has been sold for more than £1.5bn to the Qatari royal family. Mohamed al-Fayed, the Egyptian owner, will retire and hand over the reins to Qatar Holding – although he will stay on as honorary chairman.

Date: April 2010
Buyer/Investor: Life & Style Retail Ltd
Target: Ethel Austin Ltd
Business: Clothing retailer
Value: Undisclosed
Details: Administrator MCR sold the 90 store value retailer to Life & Style Retail Ltd, a new company set up by former owner of Ethel Austin, Elaine McPherson

Date: April 2010
Buyer/Investor: BPW Acquisition Corp
Target: The Talbots Inc
Business: Clothing retailer
Value: Undisclosed
Details: Talbots has completed its merger deal with BPW Acquisition Corp, a special purchase acquisition company

Date: April 2010
Buyer/Investor: TA Associates
Target: Cath Kidson Ltd
Business: Textiles retailer
Value: Undisclosed
Details: American buyout firm, TA Associates, has acquired a majority stake in Cath Kidston in a deal believed to value the company at £100m.  Founder, Cath Kidston, retains a substantial stake in the business and will continue her current role as creative director.

Date:  April 2010
Buyer/Investor: Richemont
Target:   Net-A- Porter.com
Business:  Luxury fashion online retailer 
Value: approx. £50 million
Details:   Founder of Net-A- Porter.com , Natalie Massenet, has sold her stake in the company to the luxury goods business Richemont, the owner of Cartier and Montblanc in a deal valuing the company at £350m.

Date:  March 2010
Buyer/Investor:  MBO supported by Piper Private Equity
Target:   Weird Fish
Business:  Wholesale clothing
Value: £8 million
Details:   Weird Fish managing director, John Stockton, has led a management buy out of the ethical lifestyle brand supported by £8 million of funding by Piper Private Equity. Piper Private Equity now has a majority stake in the business.

Date:  March 2010
Buyer/Investor:  Existing and new institutional investors
Target:   Hot Tuna
Business:  Surf wear brand
Value: £1.5 million
Details:   The AIM quoted company raised £1.5m through an equity placing with new and existing investors including the directors.

Date:  March 2010
Buyer/Investor: Institutional and retail investors
Target:   SuperGroup
Business:  Owner of the Superdry brand
Value: £125 million
Details:   £125 million fundraising and listing on the main market of London Stock Exchange plc. SuperGroup plc raised £120m from institutional investors and £5m from retail investors, pricing the company at £395 million.

Date:  March 2010
Buyer/Investor:  Consortium of private equity investors
Target:   Envy Retail Limited
Business:  Clothing retailer
Value: undisclosed
Details:   The Envy business, which was owned by FEC Holdings Limited, has been sold to a consortium of private equity investors including SKG Capital boss Chris Althorp-Gormlay

Date:  March 2010
Buyer/Investor:  Phillips Van-Heusen
Target:   Tommy Hilfiger
Business:  Fashion brand  
Value: €2.47bn
Details:   Acquisition from Apax Partners for €2.2bn in cash and €276m in share.  Estimated to be a return of €1.2bn for Apax from its four years of ownership.

Date:  March 2010
Buyer/Investor:  OpenGate Capital
Target:   Nicole Farhi brand
Business:  Fashion brand  
Value:  c£5m
Details:  Sale by French Connection of the brand to US private equity house.  Nicole Farhi will continue as creative director.

Date:  February 2010
Buyer/Investor: Vendis Capital
Target: ZEB
Business:  Retail chain   
Value: €7.6m
Details:  Acquisition of stake in Belgian retail chain.  First investment by newly formed Vendis.

Date:  February 2010
Buyer/Investor:  Li & Fung (1937) Ltd
Target: Visage Group Ltd
Business:  Clothing supplier                 
Value:
up to £173m
Details:  Acquisition by the Li & Fung Group to establish European foothold. Initial purchase price around £57.5m plus a performance based sum of up to £115.5m

Date:  February 2010
Buyer/Investor:  Windsong Brands LLC
Target: Cloudveil Mountain Works
Business:  Outdoor apparel brand  
Value: Undisclosed
Details:  Acquisition from Spyder Active Sports Inc.  Jim Reilly, who has served as CEO of Cloudveil and COO of The North Face is an investor in the business along with Windsong and will lead the company as president.

Date:  February 2010
Buyer/Investor:  Andrew Gerrie
Target:  Mambo brand
Business:  Surf wear  
Value: $1.3m
Details: Acquisition of the brand from Blacks Leisure.

Date:  February 2010
Buyer/Investor: EBI Apparel Limited
Target: Ballet Limited
Business: Lingerie Company   
Value:
Undisclosed
Details: Acquisition by own majority shareholder, EBI Apparel

Date:  February 2010
Buyer/Investor:  Monomoy Capital Partners LP
Target: Casual Living USA Inc
Business:  Direct mail and online women’s wear retailer  
Value: Undisclosed
Details:  First add-on acquisition for Monomoy’s Boston Apparel Group platform.

Date:  January 2010
Buyer/Investor:  Equibox Holding
Target:   Fashion Box
Business:  Replay brand  
Value:  Undisclosed
Details:   Equibox now holds 60% of Fashion Box.

Date:  January 2010
Buyer/Investor:  Kellwood
Target:  Isis
Business:  Women’s performance and casual wear  
Value: Undisclosed
Details: Acquisition. Kellwood existing brands include Vince, Baby Phat and SAG Harbor

Date:  January 2010
Buyer/Investor:   Collective Licensing International
Target:   Above the Rim
Business:  Urban basketball brand  
Value: Undisclosed
Details: Acquisition of the brand from Reebok International.

Date:  January 2010
Buyer/Investor:  Deborah Meaden
Target:   Fox Brothers
Business:  Textile supplier to Saville Row  
Value: Undisclosed
Details: Increased minority stake to a controlling stake.

Date:  January 2010
Buyer/Investor:  Basicnet
Target: Anzi&Besson
Business:  Skiwear  
Value: Undisclosed
Details: Acquisition of 50% of the brand.

Date:  December 2009
Buyer/Investor: Billabong
Target: Surfstitch
Business:  Online boardsports retail   
Value: Undisclosed
Details:  Acquisition of stake with option to buy 100%.

Date:  November 2009
Buyer/Investor: E-traders
Target:   Koodos.com
Business:  Online surplus stock  
Value: Undisclosed
Details: E-traders is backed by vc firm Elderstreet

Date:  November 2009
Buyer/Investor: Target: Rue 21
Business:  Fashion Retailer  
Value: $29m expected proceeds
Details: IPO on Nasdaq

Date:  November 2009
Buyer/Investor: Debenhams
Target:   Magasin du Nord
Business: Department store chain   
Value: $20.3m
Details: Department store chain in Denmark

Date:  October 2009
Buyer/Investor: Institutional buyer
Target:  Debenhams
Business:  Retailer  
Value: c£97m
Details: Sale by Texas Pacific Group of its remaining stake.

Date:  October 2009
Buyer/Investor:  Iconix Brand Group
Target: Ecko portfolio of brands
Business:  Lifestyle brands  
Value: $63.5m
Details:   Acquisition of a controlling interest.

Date:  September 2009
Buyer/Investor: Habib Alvi Investments
Target: JHS Childrenswear
Business: Childrenswear
Value: Undisclosed
Details: JHS Childrenswear is the company behind the kidswear chain Adams and brand Mini Mode.

Date:  September 2009
Buyer/Investor: N Brown
Target: High & Mighty
Business: Outsize menswear  
Value: £1.6m
Details: Purchase of assets in a pre-pack administration deal.

Date:  September 2009
Buyer/Investor: William and Jonathan Church
Target: Joseph Cheaney
Business: Shoemaker
Value: Undisclosed
Details: Purchase from Prada.  The buyers have left Prada which controls Church & Co, shoemakers.

Date:  September 2009
Buyer/Investor: Harold Tillman and Belinda Earl
Target: Aquascutum
Business:  Outerwear
Value: Undisclosed
Details: Purchase from Japanese owner, Renown.  Purchase terms not disclosed.

Date:  August 2009
Buyer/Investor:  JD Sports
Target:  Canterbury brand
Business:  Rugby focussed sportswear  
Value: £6.5m
Details:  Acquisition from Kuwait Finance House

Date:  August 2009
Buyer/Investor: New Era Cap Co
Target:  5th & Ocean
Business:  Sports & fashion apparel  
Value: Undisclosed
Details: Acquisition of Miami based business

Date:  August 2009
Buyer/Investor:  Advent International
Target: Charlotte Russe
Business:  Teen & young women’s wear retailer   
Value: $380m
Details:  A take private acquisition by a private equity buyer.

Date:  August 2009
Buyer/Investor: Golden Gate Capital
Target:  Eddie Bauer
Business:  Outerwear retailer  
Value:  $286m
Details: Success at bankruptcy auction

Date:  July 2009
Buyer/Investor: The Finish Line
Target: Man Alive
Business:  Urban apparel business  
Value:  $7m paid to the buyer.
Details:  Taking control of 75 retail stores under both the Man Alive and Decibel names.


Date:  July 2009
Buyer/Investor:  Amazon
Target:  Zappos.com
Business:  Online apparel & footwear seller  
Value: c$850m
Details:   Acquisition for Amazon stock and cash

Date:  July 2009
Buyer/Investor:  Levi Strauss & Co
Target: DC Company
Business:   Footwear   
Value: Undisclosed
Details: Levi’s brings its footwear and accessories business in-house.

Date:  July 2009
Buyer/Investor: Shop Direct
Target: Woolworths and Ladybird brands 
Business:  Childrenswear  
Value: £12million
Details: Brands relaunched as online only.

Date:  June 2009
Buyer/Investor: Moretti Polegato family
Target: Diadora
Business:  Sportswear  
Value: Undisclosed
Details: Acquisition of the brand.

Date:  June 2009
Buyer/Investor: Theo Fennell, Rupert Hambro and Alasdair Hadden-Paton
Target: Theo Fennell
Business:  Jewellers  
Value: Undisclosed
Details: Buyers now hold 29.9% of Theo Fennell

Date:  June 2009
Buyer/Investor:  ABC-Mart
Target:   United Arrows
Business:  Japanese fashion retailer  
Value: JPY6.57bn (US$68m)
Details:   Acquisition of a 23.3% stake

Date:  June 2009
Buyer/Investor:  Amery Capital
Target: Oliver Sweeney
Business:  Footwear  
Value: Undisclosed
Details:   Purchase out of administration

Date: June 2009
Buyer/Investor:  Syms and developer Vornado Realty Trust
Target:   Filene’s Basement
Business:  Cut price apparel retailer  
Value: $62.4m
Details:  The bid covers the leases for 23 Filene's Basement stores, along with the defunct company's trade name, inventory and distribution centre.

Date:  June 2009
Buyer/Investor:  Dress Barn Inc
Target:  Tween Brands Inc
Business:  Teens fashion retailer  
Value: c$157m
Details: Stock swap deal

Date:  June 2009
Buyer/Investor:  Jill Acquisition (an affiliate of Golden Gate Capital)
Target:   J Jill
Business:  Womenswear retailer    
Value: c$67m
Details: Acquisition of assets including 205 of the existing 279 J Jill brand store leases

Date:  June 2009
Buyer/Investor: Jones Apparel Group Inc
Target:   GRI Group Limited
Business:  Footwear and accessories  
Value: $15m
Details: For a 15% interest.  Jones Apparel now owns a 25% stake.

Date:  May 2009
Buyer/Investor: Iconix Brand Group Inc
Target:   Ed Hardy
Business:  Tatoo themed streetware  
Value: $17m
Details: Acquisition of a 50% stake.

Date:  May 2009
Buyer/Investor:  LVMH
Target: Edun
Business:  Ethical fashion  
Value: Undisclosed
Details: Acquisition of a minority stake in business owned by Ali Hewson and husband Bono

Date:  May 2009
Buyer/Investor: Synova Capital
Target: Nica
Business:  Handbags  
Value: £10-15m (estimate)
Details: Investor owns rival Fiorelli brand

Date:  May 2009
Buyer/Investor: AC Desarrollo, the private equity division of Spanish savings bank Ahorro Corporación
Target: Musgo
Business:  Spanish decoration, fashion and gift chain 
Value: Undisclosed
Details:  Increase in stake to 87.5%

Date:  April 2009
Buyer/Investor:  Nur Die Group
Target:   Vatter
Business:  Hosiery & intimate apparel  
Value: Undisclosed
Details:   Nur Die Group is a subsidiary of DBApparel, an affiliated portfolio company of Sun European Partners.

Date:  April 2009
Buyer/Investor:  Fireman Capital Partners and Webster Capital
Target:   Hudson Jeans
Business:  Upmarket denim company  
Value:  c$30m
Details:   Acquisition of controlling stake

Date:  April 2009
Buyer/Investor:  Delta Galil Industries Ltd
Target: Gibor Sports Active Wear Ltd
Business:  Sportswear manufacturer  
Value: Undisclosed
Details: Supplier of performance socks to Nike

Date:  April 2009
Buyer/Investor:   KSL Ventures
Target:   Triumph Apparel
Business:  Dance and active wear  
Value: Undisclosed
Details: Acquisition of a controlling stake.

Date:  April 2009
Buyer/Investor: Amanda Wakely
Target: Amanda Wakely business
Business:  Womenswear   
Value: Undisclosed
Details:  Acquisition of the business after having acquired the brand earlier in 2009.

Date: April 2009
Buyer/Investor: Destination Maternity Corporation
Target/Newco: Mahindra Retail
Area & Country: Maternity-wear
Value: Undisclosed
Details: Destination Maternity Corporation is planning expansion into India through an international franchise agreement with Mahindra Retail, part of the Mahindra Group.

Date: April 2009
Buyer/Investor: Skechers USA Inc
Target/Newco: Viva International Group
Area & Country: Eyewear
Value: Undisclosed
Details: Skechers USA Inc has signed a global licensing deal with Viva International Group to create Skechers-branded sunglasses and prescription eyewear.

Date: April 2009
Buyer/Investor: Bates Footwear
Target/Newco: US Army
Area & Country: Footwear
Value: US$13m
Details: Bates Footwear has been awarded a US$13m contract to manufacture 165,000 pairs of the company's Temperate Weather Combat Boots for the US Army.

Date: April 2009
Buyer/Investor: Fireman Capital Partners and Webster Capital
Target/Newco: Hudson Jeans
Area & Country: Jeans
Value: Undisclosed
Details: Fireman Capital has partnered with Webster Capital to buy a controlling stake in upmarket denim company Hudson Jeans.

Date: April 2009
Buyer/Investor: True Religion
Target/Newco: United Legwear Company
Area & Country: Legwear
Value: Undisclosed
Details: True Religion has signed a new licensing agreement for United Legwear Company to manufacture and distribute True Religion branded legwear.

Date: March 2009
Buyer/Investor: Apax Partners
Target/Newco: Tommy Hilfiger North America
Area & Country: Clothing Retailer
Value: Undisclosed
Details: Tommy Hilfiger is set to merge its operations in the US and Canada to create a new business unit in a move to consolidate its business structure.

Date: March 2009
Buyer/Investor: Aurora Fashions
Target/Newco: Warehouse, Oasis, Coast, Karen Millen and Anoushka G
Area & Country: Womanswear
Value: Undisclosed
Details: Mosaic Fashions has sold some of its UK fashion chains in an attempt to secure its future within the retail industry.

Date: March 2009
Buyer/Investor: Dune 
Target/Newco: Shoe Studio
Area & Country: Footwear
Value: Undisclosed
Details: Shoe Studio Group's six brands including Pied a Terre, Bertie, Nine West and Roberto Vianni, as well as more than 300 department store concessions has been sold to Dune in an attempt to buy Shoe Studio out of administration.

Date: March 2009
Buyer/Investor: VF Corporation
Target/Newco: Mo Industries Holdings, Inc. (owner of Splendid® and Ella Moss®)
Area & Country: Sportswear
Value: US$161m
Details: VF has acquired the remaining two-thirds of the capital stock of Mo Industries, owner of the Splendid® and Ella Moss®.

Date: March 2009
Buyer/Investor: Calvin Klein Inc.
Target/Newco: Premium Gold Brands
Area & Country: Sports Equipment
Value: Undisclosed
Details: Calvin Klein Inc has signed a multi-year global licensing agreement with Irish firm Premium Golf Brands (PGB) to expand its Calvin Klein Golf line in the global golf market.


Date: March 2009
Buyer/Investor: American Apparel
Target/Newco: Lion Capital
Area & Country: US Fashion Retailer
Value: US$18m
Details: American Apparel Inc has sold an 18% stake in its business to British private equity firm Lion Capital for $80m, which it will use to pay off some of its debt.


Date: March 2009
Buyer/Investor: Haggar Clothing Co
Target/Newco: Roytex Inc
Area & Country: Sportswear
Value: Undisclosed
Details: Haggar Clothing Co, maker of Haggar branded casual and dress apparel for men, has licensed Roytex Inc to make and market sportswear under the Haggar brand in North America.


Date: March 2009
Buyer/Investor: Beaumanoir
Target/Newco: Morgan
Area & Country: Womanswear
Value: Undisclosed
Details: French women's retail group Beaumanoir has been allowed by a Paris court to acquire fashion label Morgan, which went into administration last December.


Date: March 2009
Buyer/Investor: Bang Overseas Ltd
Target/Newco: Aquarelle International
Area & Country: Menswear
Value: Undisclosed
Details: Bang Overseas Ltd has entered into joint venture with Aquarelle International called Aquarelle India Pvt Ltd to make shirts and other garments in India for export and sale in the domestic market.


Date: March 2009
Buyer/Investor: Kensie
Target/Newco: Camuto Group
Area & Country: Footwear
Value: Undisclosed
Details: Kensie has entered into an exclusive partnership with Camuto Group for a KensieGirl footwear range for young girls aged 14-24.


Date: March 2009
Buyer/Investor: Bestseller
Target/Newco: Bombay Rayon Fashion
Area & Country: India
Value: US$62.9m
Details: Bestseller, whose brands include Jack & Jones, Vero Moda and Only, has bought a 20% stake in Indian fabric and garment maker Bombay Rayon Fashion.

© Fox Williams LLP 2006