Fashion Investments and M&A

Date: November 2019
Buyer: Estée Lauder
Target: Dr Jart+ cosmetics
Business: Beauty, skin care products
Value: Around $1.1 billion
Details: Estée Lauder is acquiring two-thirds of the share capital of the owner of growing Seoul-based skin care company Dr Jart+ cosmetics, Estée Lauder already owns a minority stake in the business.

Date: November 2019
Buyer: VMH Moët Hennessy Louis Vuitton SE (LVMH)
Target: Tiffany
Business: Global luxury jeweler
Value: $135 per share in cash (around £12.6bn)
Details: It has been announced that LVMH and Tiffany have entered into a definitive agreement for LVMH to acquire Tiffany. The transaction is expected to close some time in 2020 subject to a number of conditions.

Date: October 2019
Buyer: Luxury Ventures (investment arm of LVMH)
Business: LA based streetwear label
Value: Financial details have not been disclosed.
Details: Madhappy is a two year old streetwear/loungewear brand with positive and optimistic messaging.

Date: September 2019
Buyer: Vice Media Inc.
Business: American digital media and entertainment publisher
Value: Undisclosed
Details: Deal has been announced but is expected to close before the end of the year.

Date: September 2019
Buyer: Kathmandu Holdings
Business: Surf brand and activity wear
Value: $236 million (US dollars)
Details: Kathmandu Holdings (dual listed on the New Zealand and Australian stock exchanges) has purchased the entire issued shareholding of Rip Curl.

Date: August 2019
Buyer: Boohoo
Business: UK womenswear brands
Value: £18.2 million pre-pack administration
Details: Boohoo has purchased the online businesses of Karen Millen and Coast from administration as part of a pre-pack adminstration deal.

Date: August 2019
Buyer: Farfetch
Business: Luxury streetwear brand
Value: £556 million
Details: The Milan based holding company, New Guards Group, launched a number of luxury streetwear brands including Off-White and Palm Angels.

Date: August 2019
Buyer: Sports Direct
Business: British fashion brand and retailer
Value: £12.75m pre-pack administration
Details: Sports Direct has purchased Jack Wills out of administration as part of a pre-pack administration deal after Bluegem Capital Partners put the retailer up for sale earlier in the year.

Date: July 2019
Buyer: Manolo Blahnik
Business: Women’s footwear manufacturer
Value: Undisclosed
Details: Luxury shoe brand Manolo Blahnik has purchased Calzaturificio Re Marcello, a women’s footwear manufacturer being a factory acquisition for Manolo Blahnik.

Date: June 2019
Buyer: The RealReal Inc.
Business: Online luxury reseller
Value: Raised $300 million in US IPO
Details: The RealReal Inc., an internet-based apparel reseller enables consumers to buy and sell luxury items providing a platform for transactions between consumers and also verifying that the good are authentic. The IPO valued the company at $1.6 billion.