Fashion Investments and M&A

Date: December 2017
Buyer: Exquisite Apparel
Target: Crew Clothing
Business: British lifestyle apparel clothing
Value: Undisclosed
Details: Private equity firm Livingbridge sold its 25% stake in Crew Clothing to Exquisite Apparel, a US Clothing Manufacturer.

Date: December 2017
Buyer: L Catterton
Target: Ganni
Business: Danish fashion label
Value: Undisclosed
Details: Private equity firm L Catterton has acquired a 51% stake in Ganni, the Danish mid-market label.

Date: November 2017
Buyer: VF Corporation
Target: Icebreaker Holdings Ltd
Business: Men, women and children apparel
Value: Undisclosed
Details: VF corporation has entered into a definitive agreement to acquire the winter brand Icebreaker, a new Zealand based brand which focuses on apparel made from Merino wool, plant-based fibres and recycled fibres and is expected to complete in early 2018.

Date: November 2017
Buyer: The Foschini Group
Target: Hobbs
Business: British clothing brand
Value: Undisclosed sum
Details: South African retailer, TFG, has purchased Hobbs Limited from private equity group 3i. TFG has previously purchased womenswear retailers Whistles, Phase Eight and Damsel in a Dress.

Date: November 2017
Buyer: New York & Company
Target: Assets of Fashion to Figure
Business: US based retailer of plus-size fashion
Value: $1,400,000
Details: TFT Acquisition LLC will acquire the assets (including the intellectual property rights) of the Fashion to Figure brand and such will then be acquired by New York & Company as part of an ongoing reorganisation.

Date: November 2017
Buyer: Neo Investment Partners
Target: Victoria Beckham Limited
Business: Luxury clothing, accessories, footwear and eyewear
Value: £30,000,000
Details: Neo Partners Limited has invested £30,000,000 in Victoria Beckham Limited taking a minority stake in the company which valued the target at £100,000,000.

Date: October 2017
Buyer: Long Tall Sally
Target: Pretty Tall
Business: Women’s fashion
Value: Undisclosed
Details: Long Tall Sally has acquired Dutch retailer Pretty Tall, both brands focusing on fashion and footwear for tall women.

Date: October 2017
Buyer: Helly Hansen
Target: Musto
Business: Specialist sailing and country apparel brand
Value: Undisclosed
Details: Helly Hansen is to acquire Musto from Phoenix Equity Partners and other shareholders.

Date: October 2017
Buyer: The Carlyle Group
Target: Supreme
Business: Skater-inflected label
Value: Undisclosed
Details: Founder of supreme, James Jebbia has sold a stake in the ‘streetwear’ company to the private equity firm The Carlyle Group.

Date: October 2017
Buyer: L Catterton
Target: Caro Cuore
Business: Argentinian lingerie and fashion brand
Value: Undisclosed
Details: L Catterton has joined with other investors to acquire Caro Cuore in Argentina.