Fashion Investments and M&A

Date: July 2024
Buyer: Hi-Tech Apparel
Target: Unmade
Business: Fashion software company
Value: Undisclosed
Details: Unmade, the London-based, software company whose product is used by New Balance, Ralph Lauren, Decathlon and others to offer customised clothing on-demand, has been acquired by Hi-Tech Apparel. Finer details about the consideration paid have not been disclosed, though Hi-Tech Apparel are said to have valued Unmade at 10 times’ Unmade’s revenue. Sportswear retailer Decathlon will remain a shareholder going forward, and Unmade’s current CEO and COO will remain in place. Unmade and Hi-Tech Apparel’s shared aim is to automate the clothing manufacturing business.