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Date: Announced 10 July 2018
Buyer: /Investor: Calares
Target: Blowfish Malibu
Business: Women’s footwear
Value: Undisclosed
Details: Calares, a portfolio of global footwear brands, has acquired a controlling interest in women’s footwear brand, Blowfish Malibu, which at the time of the acquisition had a trailing 12-month revenue of approximately $27 million.
Date: 3 July 2018
Buyer: Authentic Brands Group LLC. Vendor: Nine West Holdings, Inc.
Target: Nine West and Bandolina brands
Business: Footwear and handbags
Value: Reported over $340million
Details: American brand development and licensing company, Authentic Brands Group LLC has acquired the Nine West and Bandolino brands, including all intellectual property, licensing partnerships and marketing activities for the brands. Amongst ABG’s existing portfolio of over 33 brands Juicy Couture, Thalia, Judith Leiber and Hickey Freeman.
Date: Announced 2 July 2018
Buyer: Pronovias Group
Target: Nicole Fashion Group S.p.A
Business: Italian bridal wear brand
Value: Undisclosed
Details: Through Pronovias, private equity firm BC Partners has reached agreement to acquire European bridal fashion firm Nicole Fashion Gro, strengthening its position in the European bridal-wear sector.
Date: Announced 2 July 2018
Buyer: Gordon Brothers
Target: Bench
Business: Streetwear fashion retailer
Value: Undisclosed
Details: US investment firm, Gordon Brothers, has acquired the Bench brand and all related intellectual property assets out of administration. Gordon Brothers have indicated that in the short term it will focus on “re-establish the brand’s European e-commerce presence”.
Date: Announced 16 June 2018
Buyer: George Feldenkreis
Target: Perry Ellis International Inc
Business: Clothing designer and retailer
Value: US$437 million
Details: The target has agreed to be taken private by its founder and board member, Mr Feldenkreis, in a deal reportedly valued at approximately US$437 million. A newly formed entity controlled by Mr FeldenKreis will acquire all of the outstanding common shares of the target not already beneficially owned by the Feldenkreis family for US$27.50 per share in cash.
Date: Closed June 2018
Buyer: Puig
Target: Dries Van Noten
Business: Belgian fashion brand
Value: Undisclosed
Details: Spanish family-owned fragrance and fashion firm Puig (owner of the Carolina Herrera, Nina Ricci and Jean Paul Gualtier brands), has acquired a majority stake in Dries Van Noten. Dries Van Noten has retained a minority stake and remains the brand’s chief creative officer and Chairman of the Board.
Date: June 2018
Buyer: Vaultier7
Target: The Modist
Business: Online fashion retailer
Value: $15million
Details: Female-led investment fund, Vaultier7, specialist in consumer businesses in the health, beauty and lifestyle sectors has led a $15million investment round in Dubai and London based online retailer The Modist. The Modist has released a stating saying it intends to use the money to “further grow and consolidate: its leading position in core markets”.
Date: Closed 21 May 2018
Buyer: CorpAcq
Target: Cotton Traders Limited
Business: Altrincham based casual clothing retailer
Value: Undisclosed
Details: Buy & build acquisitions group CorpAcq has acquired a majority stake in Cotton Traders for an undisclosed amount. Founders, former England rugby players Fran Cotton and Steve Smith, will remain on the board, whilst Jon Dorsett, CorpAcq’s investor director, will be appointed as a non-executive director.
Date: Announced 14 May 2018 (closing expected to take place later this year)
Buyer: Burberry Group Plc Vendor: CF&P Srl
Business: Development and manufacture of luxury leather-goods including handbags and accessories
Value: Undisclosed
Details: Burberry Group Plc has agreed to acquire a luxury leather-goods business from Scandicci based Italian manufacturer, and long-standing Italian partner, CF&P Srl. The acquisition includes equipment, inventory and CF&P employees, including a team of expert craftsmen.
Date: Announced 10 May 2018 (closing in Q3)
Buyer: Canadian Tire Corp
Target: Helly Hansen
Business: Global brand and leader in sportswear and workwear
Value: C$985 million
Details: Canadian Tire Corporation, has agreed to acquire the Norway based company that owns and operates the Helly Hansen brands and related businesses from the Ontario Teachers’ Pension Plan, for $985 million, (which assumes approximately $50 million of operating debt, net of cash).