Acquisitions
Authentic and Saks Global to form a strategic venture
The joint venture Authentic Luxury Group will serve as an incubator for luxury brands, driving global growth with new strategies for licensing, retail and lifestyle expansions across multiple industries
Kurt Geiger set for potential sale
With a potential 400 million British pounds price tag, the luxury footwear brand Kurt Geiger is in early talks with Alteri Investors and other bidders after posting record profits despite a challenging luxury market
Mytheresa acquires Yoox Net-a-Porter from Richemont
Richemont will sell Yoox Net-a-Porter (YNAP) to luxury e-commerce platform Mytheresa, ending years of efforts to dispose of YNAP. The transaction is expected to create a leading global multi-brand digital luxury group
Authentic closes Champion acquisition deal
Authentic Brands Group (ABG) has announced that it has completed the acquisition of the athleticwear brand Champion, the second-largest acquisition in the company’s history
Deichmann explores footwear deal as Esprit faces bankruptcy
The Germany-based shoe retailer Deichmann is interested in the footwear brand rights of the recently insolvent Esprit. The two companies have been collaborating since 2019
Asos agrees on strategic joint venture for Topshop and Topman
The UK-based group Asos has agreed to sell a majority stake in Topshop and Topman to Heartland. This move will allow the company to strengthen its balance sheet while retaining a stake in the growth potential of the two brands
Nordstrom brothers make bid to buy back eponymous retailer
The Seattle-based department store chain has confirmed that brothers Erik and Peter Nordstrom have made an offer to take their namesake retailer private, potentially returning the company to family control
Sanuk sold to Lolë Brands
The Canadian-based apparel company has acquired the outdoor lifestyle footwear brand, previously owned by Deckers Brands. The financial terms of the deal were not disclosed
American Exchange Group acquires footwear brand Island Surf Company
The US-based group has announced the acquisition of the nautically inspired footwear brand Island Surf Company, which will now become a division of White Mountain
Saks Fifth Avenue owner to acquire Neiman Marcus
HBC, the parent company of Saks Fifth Avenue, has signed a definitive agreement to acquire the Neiman Marcus Group, owner of Neiman Marcus and Bergdorf Goodman, in a deal valued at 2.65 billion USD
ABG confirms the acquisition of Champion
Authentic Brands Group has further expanded its portfolio by signing a definitive agreement to acquire the Champion Athleticwear brand and business from HanesBrands
LVMH increases its stake in the Spanish tannery Riba Guixà
LVMH’s Métiers d’Art has signed an agreement to increase its stake in Riba Guixà, the Spanish tannery renowned for its expertise in tanning Enterfino lambskin
Theo Henkelman Footwear acquires Bullboxer European trademark rights
The Dutch footwear group Theo Henkelman Footwear has acquired the European trademark rights to the Bullboxer brand from The Unlimited Footwear Group, which went into bankruptcy earlier this year
Shein eyes acquisition of Topshop
According to The Sunday Times, Topshop’s owner, Asos, has reportedly attracted interest from several prominent retail companies, including the Chinese fast-fashion giant Shein
JD Sports announces acquisition of Hibbett
The British sports retailer has proposed to buy the US sportswear retailer Hibbett for around 1.08 billion USD. The move will allow JD Sports to expand its business in the North American country-
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