Fashion M&A

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.

Date: June 2019
Buyer: Revolve Group LLC
Business: Online clothing company
Value: Raised $212 million in US IPO
Details: Revolve enables local brands to sell bespoke clothing online.

Date: June 2019
Buyer: Grandeur Clothing Investor: Bibby Financial Services (BFS).
Business: Menswear
Value: £400,000
Details: BFS has invested a combination of invoice and trade financing in Grandeur Clothing in support of its growth plans to widen its offering to womenswear and kidswear.