Acquisitions
Farfetch shareholders join forces to oppose the takeover of Coupang
A group of Farfetch shareholders have come together to block South Korean e-commerce firm Coupang’s impending takeover of the luxury e-tailer, citing an untransparent sales process
Minelli finds a new set of owners
The French footwear retailer avoids liquidation by being taken over by three investors. Only a third of the workforce and less than half of the stores will be retained
Owner of Athlete’s Foot acquires Lloyd Shoes
The Swiss-based Arklyz Group has added another footwear brand to its portfolio by acquiring the German Lloyd Shoes from Ara Group, with all its operating subsidiaries
Wolverine Worldwide sells Sperry to ABG
Authentic Brands Group (ABG) has acquired the Sperry brand from Wolverine Worldwide for 130 million USD, bringing on board the Aldo Group to design, manufacture and distribute the brand globally
More on acquisitions in the European footwear sector
The past two months have seen a number of transactions. The Italian shoemakers Dema and Asso have new owners. The Austrian retailer Leder & Schuh has acquired the brand rights of Delka
Caprice acquires Peter Kaiser
The Pirmasens-based footwear manufacturer Caprice has acquired Peter Kaiser, one of Europe’s oldest women’s shoe brands. The company was declared insolvent in 2020
South Korean Coupang acquires Farfetch
The South Korean e-commerce giant has agreed to buy Farfetch in a bailout deal, providing the online luxury platform with 500 million USD in emergency funding. Deal to acquire a 47.5% stake in Yoox Net-a-Porter is off
Kering finalises the acquisition of a 30% stake in Valentino
The French-based luxury group announced that it has completed the acquisition of a 30% shareholding in Valentino, following approval from the antitrust authorities
Gruppo Florence to launch Village of Wonders in 2024
The Italian holding company, which owns 28 suppliers to the luxury goods industry, is planning to launch the Village of Wonders hub in Milan to showcase the skills of its various businesses
Ferragamo acquires minority stake in three Greater China joint ventures
The Board of Directors of the luxury group has announced the purchase of the minority interests held by Imaginex Holdings and Imaginex Overseas in the three Greater China joint ventures
Steve Madden enhances its apparel platform with the acquisition of Almost Famous
The New York-based designer and marketer of fashion footwear, accessories and apparel announced the acquisition of the apparel company Almost Famous for 52 million US dollars
LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins
Tapestry acquires Capri in 8.5 billion US dollars deal
The two houses announced that they have entered into a definitive agreement under which Tapestry will acquire Capri Holdings. Under the terms of the transaction the total enterprise value will be of approximately 8.5 billion US dollars
Hotter Shoes' CEO and CFO exit the company following the acquisition by WoolOvers
Both Ian Watson, Chief Executive Officer of the footwear brand, and Gavin Manson, its Chief Financial Officer, have reportedly resigned days after the acquisition by WoolOvers Group
Richemont acquires a controlling stake in the Italian shoemaker Gianvito Rossi
The Swiss-based luxury group has announced the acquisition of a controlling stake in the Italian shoemaking Maison Gianvito Rossi. The amount of the transaction was not disclosed-
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