Acquisition news and archive

Site Centers sells Sandy Plains Village to Hendon Properties

Site Centers, the owner and manager of open-air shopping centres in key suburban, high-income communities, has announced the closing of the sale of Sandy Plains Village in Roswell, Georgia, for 25 million dollars prior to closing costs, prorations, and other closing adjustments, to Hendon Properties. Located in the historic center of Roswell,...

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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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LVMH to sell El Encanto Hotel in Santa Barbara for 82.2 million dollars

French luxury conglomerate LVMH is selling its sole hotel in the United States, the El Encanto in Santa Barbara, California, to a partnership consisting of Tinder co-founder Justin Mateen, his brother Justine Mateen, and Culver Capital for 82.2 million dollars. The hotel, which consists of 90 rooms, is located in a popular coastal vacation area...

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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...

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L'Oréal eyes Medik8 for one billion euros

French beauty giant L’Oréal is reportedly poised to acquire cosmetics brand Medik8 for one billion euros, the Financial Times reported on Wednesday. Specialising in ‘anti-ageing’ skincare, Medik8 would sit within L’Oréal’s dermatological beauty section alongside brands like La Roche-Posay and Vichy, which saw its revenue increase by 3.5 percent...

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Caleres to acquire Stuart Weitzman from Tapestry Inc. for $105 million

Tapestry, Inc., the parent company of several leading accessories and lifestyle brands, including Coach and Kate Spade New York, has announced the sale of its Stuart Weitzman brand to Caleres, a portfolio of consumer footwear brands, for 105 million dollars in cash today. Caleres stated that it aims to fund the acquisition through the company’s...

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Puig acquires majority stake in Charlotte Tilbury

British makeup brand Charlotte Tilbury has sold a majority stake of its company to Barcelona-based Puig. The Spanish fashion and fragrance group announced in a statement on Thursday that it would be acquiring a majority stake in the brand, while Charlotte Tilbury’s founder will retain a significant minority stake. Additionally, investing...

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Italian fast fashion group Imperial acquires majority stake in Swiss retailer Anouk

Imperial Spa has acquired a majority stake in the Basel-based women’s fashion retailer Anouk SA. The transaction was carried out by the formation of the new company Imperial Retail Switzerland AG. Additionally, the Italian fast-fashion group will expand its online presence by launching an e-store in Switzerland under the brand name Anouk. Franç...