Mergers and acquisitions news and archive

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...

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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...

BusinessFeatured

Zalando intends to take over About You

Zalando intends to make an offer for e-tailer About You. Both Zalando SE and About You's parent company, the Otto Group, have confirmed the planned acquisition. Zalando aims to acquire 100 percent of About You's shares for 6.50 euro per share. Summary • Zalando plans to acquire 100 percent of About You's shares for €6.50 per share. • Key About...

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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

ThredUp enters binding agreement to divest its European business, Remix

Online fashion resale marketplace ThredUp has revealed that today it entered into a legally binding deal to divest its European business, Remix, in a management buyout led by the general manager of Remix, Florin Filote. The divestiture was finalized at the same time the agreement was signed. According to the agreement, ThredUp retains a minority...

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...

ManagementFeatured

Brandnation becomes employee-owned

Marketing and communications agency Brandnation has become employee-owned after founder and managing director Mary Killingworth sold her majority stake in the company to an Employee Ownership Trust (EOT). Following the acquisition, the recently formed EOT will acquire a 75 percent majority stake in the business. Killingworth and minority...

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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...

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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...

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LVMH plans to invest in Mykita

LVMH plans to further expand its presence in the eyewear sector and has set its sights on Mykita. The French luxury goods group wants to acquire a stake in Mykita through its subsidiary Thélios, the Berlin-based eyewear manufacturer confirmed to FashionUnited. Germany's competition regulatory agency still has to give its approval. “We are proud...