Mergers and acquisitions news and archive

JCPenney and Sparc Group merge portfolios to form Catalyst Brands

JCPenney and Sparc Group have merged to form a new organization, Catalyst Brands, creating a portfolio of six retail banners. The combined group was formed in an all-equity transaction between JCPenney and Sparc Group, with shareholders Simon Property Group, Brookfield Corporation, Authentic Brands Group and Shein. The company said in a release...

Fashion|Opinion Featured

Kapital sale to LVMH raises stakes for artisanal fashion independence

LVMH-backed L Catterton's acquisition of Kapital, a Japanese clothing brand celebrated for its artisanal denim and Americana-inspired designs that was founded in the 1980s, has sparked concerns among enthusiasts and industry observers. The acquisition, finalised in the second half of 2024 according to High Snobiety, came just months after...

Business

STL acquires couture brand Christian Lacroix

French couture brand Christian Lacroix is being acquired by Spanish company Sociedad Textil Lonia (STL). The deal is being described as a "private transaction," Vogue Business reports. The Christian Lacroix brand was previously owned by the Falic Group, which also owns US retail group Duty Free Americas. Financial terms of the deal were not...

Business

Hultafors Group acquires Lyngsøe Rainwear

Hultafors Group has acquired Lyngsøe Rainwear, a rainwear brand that extends and complements its offering of professional workwear and safety equipment. The company said in a release that Lyngsøe Rainwear will operate as a standalone business unit under Hultafors Group’s existing workwear brand Fristads. “We are deeply impressed with Lyngsøe...

Business

YMC co-founder reacquires brand from French Connection

The co-founder of YMC–also known as You Must Create–has acquired a majority share in the British fashion brand from French Connection, reinstating his position as the main shareholder. Jimmy Collins, who also serves as YMC’s chief executive officer, founded the brand in 1995 alongside the late Fraser Moss, and established it as a unisex apparel...

Business

‘Stronger together’: Tribute Brand acquires digital fashion fashion platform, Draup

Digital fashion platform Tribute Brand has announced the acquisition of its industry peer, Draup, as part of efforts to build up and develop a new digital wearables platform, dubbed ‘fashion.fun’. The decision to snap up Draup came as a response to the waning demand for both the metaverse and luxury brands, Tribute Brand said in a release, which...

Business

WHP Global to acquire IP of Vera Wang, founder to remain onboard as Chief Creative Officer

New York-based brand management firm WHP Global has signed an agreement to acquire the intellectual property (IP) of the fashion brand Vera Wang. As part of the agreement, the founder and chief creative officer of her eponymous brand Vera Wang will remain in her role and join WHP Global as a shareholder to further drive the brand’s future...

Business

Lucien Pagès PR agency joins The Independents

Marketing and communications group The Independents is continuing its expansion through the new acquisition of the French-American public relations agency, Lucien Pagès Communication. The announcement was made on the respective Instagram accounts of the two firms, where it was stated that Lucien Pagès’ ability to provide clients with end-to-end...

Business

LVMH sells Thomas Pink to CP Brands Group and Icon Luxury Group

New York based firms CP Brands Group and Icon Luxury Group have announced the acquisition of British clothing brand Thomas Pink from its former parent company, LVMH. The deal was described by the two groups in a press release as a “joint partnership” that aims to “usher in a bold new chapter for the Thomas Pink brand”. Commenting on the move,...

Business

Bureau Veritas announces acquistion of LBS Group

Bureau Veritas, a global firm for testing, inspection, and certification services, has acquired LBS Luxury Brands Services S.R.L. Group, a laboratory that specializes in quality control for the luxury fashion industry, including leather goods and footwear. The move is part of Bureau Veritas' LEAP | 28 broader strategy to bolster its position and...

Business

JD Sports acquires Courir for 520 million euros

JD Sports Fashion has announced the completion of its acquisition of French sneakers player Courir. The company said in a release that the acquisition price is 520 million euros, paid through a combination of existing cash and a drawdown on the company’s revolving credit facility. In the year to December 31, 2023, Courir reported revenue of...

Business

Frasers acuires South African sporting goods company Holdsport

Frasers has announced the conclusion of the acquisition of South Africa's leading sporting, outdoor and recreation goods company, Holdsport from Old Mutual Private Equity (OMPE) and latter’s management. The company said in a release that Holdsport is a diversified business operating across retail, wholesale, manufacturing, distribution, and...