Fashion Investments and M&A

Date: March 2019
Buyer: Boohoo
Target: MissPap
Business: Online womenswear retailer
Value: Undisclosed
Details: Boohoo Group bought the brand and intellectual property assets of MissPap for an undisclosed sum.

Date: March 2019
Buyer: Lewis Trust Group
Target: Mint Velvet
Business: British fashion brand and retailer
Value: £100m
Details: The parent company of River Island, the Lewis Trust Group, bought Mint Velvet.

Date: January 2019
Buyer: LVMH Luxury Ventures
Target: Gabriela Hearst
Business: American luxury brand dedicated to sustainability
Value: Undisclosed
Details: Gabriela Hearst received minority investment from LVMH Luxury Ventures.

Date: January 2019
Buyer: Anthesis Group
Target: Made-By Ltd
Business: Sustainable fashion
Value: Undisclosed
Details: Anthesis Group has acquired key assets of Made-By UK Ltd. Made-By UK Ltd went into liquidation in October 2018.

Date: 12 November 2018
Buyer: Castanea Partners
Target: Proenza Schouler​
Business: Women’s wear and accessories
Value: Undisclosed
Details: Proenza Schouler founders McCollough and Hernandez have bought out private equity house Castanea Partners and certain other existing investors with the support of a group of new private investors.

Date: Announced 1 November 2018
Buyer: Canada Goose Holdings Inc
Target: Baffin Inc.
Business: Outdoor and industrial footwear designer and manufacturer
Value: 32.5 million Canadian Dollars
Details: Canada Goose Holdings Inc. has acquired the designer and manufacturer of outdoor and industrial footwear for a combination of cash and share consideration. Canada Goose has indicated that Baffin will remain a stand-alone business operating out of its headquarters in Ontario.

Date: 30 October 2018
Buyer: Sports Direct International Plc
Target: Evans Cycles
Business: Cycling equipment and attire
Value: £8 million
Details: Sports Direct has acquired the Evans Cycles brand and certain other assets in a prepack deal after the UK retailer fell into administration.

Date: Announced 22 October 2018
Buyer: B&M European Value: Retail S.A.
Target: Paminvest SAS
Business: French discount retailer Babou​
Value: 91.2 million euros
Details: B&M have purchased Paminvent SAS, which operates the Babou chain in cash in a deal financed through a loan facility which included the refinancing of the target’s debt.

Date: 12 October 2018
Buyer: Sports Direct International
Target: Frasers department store (property acquisition)
Business: Department store
Value: £95 million
Details: Sports Direct has acquired the iconic department store in Glasgow, which houses luxury brands such as Hermes, Prada and Gucci, and reportedly intends to continue to operate the property as Frasers.

Date: 12 October 2018
Buyer: Walmart Inc.
Target: Bare Necessities
Business: Intimates online retailer
Value: Undisclosed
Details: Walmart adds Bare Necessities to its portfolio in the online fashion space. Bare Necessities will continue to operate its site and run as a standalone brand to Walmart’s other e-commerce sites.