Mergers and acquisitions news and archive

IKKS Group acquired, many jobs to be cut

French ready-to-wear group IKKS, having been placed in receivership, has found a buyer. The acquisition will see its workforce halved with the loss of approximately 500 jobs, according to the takeover bid approved by the Paris Commercial Court on Friday. 546 direct jobs retained out of 1,094 The offer proposes the retention of 546 direct jobs...

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Pronovias reportedly up for sale

Madrid – Pronovias is up for sale. The goal is to find a new investment partner with the commitment and strength necessary to fully turn around its struggling business model. Its current owners, US private equity funds Bain Capital and Clearlake, have managed to patch up the structures. However, they remain affected following the disruption...

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Repsol enters textile recycling, takes a stake in Coleo

Madrid – The Spanish group Coleo, one of Europe's leading companies specialising in recycling and recovering textile waste, has welcomed the Spanish multinational energy company Repsol as a new investment partner. Through its social entity, Fundación Repsol, the company has now formalised its investment in one of the main subsidiaries of the...

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OVS to acquire homeware provider Kasanova

The Italian retail group OVS SpA (OVS) aims to strengthen its presence in the homeware segment, where its Upim chain is already active with the brand Croff. On Monday, OVS announced a binding offer for the complete acquisition of homeware provider Kasanova SpA. Speculation about such a transaction has been circulating since this summer. Kasanova...

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Very Group finds new ownership, Barclay family exits

The Very Group, the parent company of Very and Littlewoods, has been taken over by investment firm Carlyle, seeing the exit of its long-time owners, the Barclay family. IMI will remain as a key stakeholder in the group. In a press release, The Very Group said the takeover was a “positive outcome” that provided a “strengthened capital base and...

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Closed acquisition: Germany's Federal Cartel Office gives green light

The acquisition of Closed by the Böck entrepreneurial family and fashion manager Dieter Holzer can now proceed. Germany's Federal Cartel Office has approved the takeover of the insolvent Closed Group by capital-Home GmbH, the authority announced on Friday. Capital-Home GmbH also holds the majority of shares in the Marc O'Polo Group. “Although...

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Dieter Holzer appointed new CEO of Closed following acquisition

It was announced a few days ago that the insolvent Hamburg-based fashion company Closed has found new owners. During a press conference on Monday, the parties involved revealed initial details about the brand's future. The purchase price, however, was not disclosed. Dieter Holzer will take over the management of the company as CEO and...

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DK Company takes a stake in Ivy Oak

Berlin-based womenswear brand Ivy Oak is now backed by the Danish fashion group DK Company, which also owns brands such as Wood Wood, Gestuz, Solid, and Ichi. DK Company is investing in Ivy Oak. This will result in the restructuring of Ivy Oak GmbH, the company behind the Berlin-based womenswear brand, into Ivy Oak ApS, the parties announced on...

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Ebay acquires Norway's largest resale app Tise

Ebay has signed an agreement to acquire Tise, the most popular Norwegian marketplace for second-hand fashion and interior items, headquartered in Oslo. Tise, a mobile-first application, has over 2.5 million registered users in the Nordic countries, with more than one million in Norway. The total value of the company is estimated at approximately...

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Denim company Cone Denim acquired by Artistic Milliners

A major deal in the denim industry has been announced. Artistic Milliners has acquired a majority stake in the US-based Cone Denim. The company acquired the stake from Elevate Textiles, according to a press release. The acquisition price was not disclosed. Cone Denim will retain its own identity under Artistic Milliners. The press release...

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Marcolin acquired by California-based Vsp Vision

Vsp Vision has signed a definitive agreement for the acquisition of Marcolin from private equity firm Pai Partners and other minority shareholders. The acquisition of Marcolin represents a significant investment in the sector by the California-based Vsp Vision. The company stated that this will allow it to offer even more value to its...

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Authentic Brands Group to acquire intellectual property rights of Guess

The US fashion and media group Authentic Brands Group LLC has acquired another prominent fashion brand. On Wednesday, the company announced it had signed a binding agreement to assume control of Guess’s intellectual property rights. The acquisition is "another important milestone" for Authentic, the group stated. With global annual brand...