Acquisition news and archive

Birkenstock to acquire Australian distributor

German footwear provider Birkenstock is set to take direct control of its distribution in Australia. On Wednesday, the publicly listed parent company, Birkenstock Holding Plc, announced it will acquire the distribution company Birkenstock Australia Pty. Ltd. through its subsidiary, Birkenstock International Asia GmbH. A corresponding binding...

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Successful investor search: insolvent fashion brand Closed has new owners

The insolvent German fashion brand Closed has been saved for now. On Thursday, the company announced the successful conclusion of its investor search, which began almost two months ago. The new owners of Closed are the Böck entrepreneurial family and experienced fashion manager Dieter Holzer. The Böck family owns the clothing company Marc O’Polo...

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Childrenswear brand Petit Bateau sold to US investment fund Regent

Petit Bateau, the French children's wear brand owned by the French Rocher Group, has been sold to the US investment fund Regent. In January 2025, the Rocher Group (Yves Rocher, Arbonne, Sabon, Docteur Pierre Ricaud and Petit Bateau) announced its intention to sell the brand, which it has owned since 1988. The sale is now complete, with the...

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LVMH in talks to acquire French business magazine Challenges

Paris - Discussions are underway for the potential sale of the French business magazine Challenges to the luxury group LVMH. According to Pierre-Henri de Menthon, the magazine's editor-in-chief, negotiations are scheduled to take place in September between the Arnault family, who own LVMH, and Challenges' majority shareholder, Claude Perdriel....

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Zalando reports growth in second quarter and updates forecasts

Berlin-based online fashion retailer Zalando SE presented its results for the second quarter of the 2025 financial year on Tuesday evening. The group achieved strong growth in revenue and earnings. At the same time, the company published new annual forecasts. These forecasts include, for the first time, the anticipated contributions of the...

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Katjes acquires majority stake in Bogner

In a significant development for the German fashion industry, Katjes International GmbH & Co. KG, the investment arm of the confectionery company, has acquired a 60 percent majority stake in Munich-based clothing supplier, Bogner. The announcement, made by Bogner on Friday, confirms that the Bogner family will retain a 40 percent share in the...

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Skechers takeover: Court dismisses lawsuit seeking to block acquisition

The acquisition of footwear supplier Skechers USA Inc. (Skechers) by investment company 3G Capital is moving closer. On Tuesday, trade magazine Women’s Wear Daily (WWD) reported that a Los Angeles court rejected a pension fund's objection. The Key West Police Officers & Firefighters Retirement Plan (Key West) had sued Skechers and members of the...

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EssilorLuxottica announces acquisition of PUcore's optics division

Eyewear group EssilorLuxottica is expanding its production capacities. The company announced on Monday that it has signed a purchase agreement for the optics division of South Korean chemicals group PUcore. EssilorLuxottica will completely take over all PUcore’s operating units involved in the development, manufacture and marketing of monomers...

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About You reports progress in revenue and earnings after acquisition by Zalando

A few days after the acquisition by online retailer Zalando SE, Hamburg-based e-commerce group About You Holding SE (About You) presented its results for the first quarter of the 2025/26 financial year. On Tuesday, the company announced increases in revenue and operating profit, as expected. “The results were driven by the targeted...

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European Commission approves Skechers acquisition by 3G Capital

Investment firm 3G Capital Partners LP (3G Capital) has been granted approval to acquire the American footwear brand Skechers. The European Commission announced this in a press release on Tuesday, July 1. Although both companies operate from the US, their activities in the European market require approval from the European Commission. Skechers...

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Competition authorities give green light: Zalando on the verge of acquiring About You

The Berlin-based online retailer Zalando SE is set to complete its acquisition of competitor About You Holding SE in a matter of days. The e-commerce specialist announced on Tuesday evening that the European Commission had granted "final regulatory approval" for the planned merger of the two companies. Zalando emphasised that "all closing...

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Kering eyewear acquires Italian eyewear manufacturer Lenti

French luxury group Kering SA has reinvested in its eyewear division. Kering Eyewear acquired Italian eyewear manufacturer Lenti, the company announced on Tuesday, April 3, 2025. The acquisition marked another milestone in the Kering subsidiary’s ongoing industrial development strategy and offered the opportunity to build in-house expertise for...