Mergers and acquisitions news and archive

Shein confirms acquisition of majority stake in Everlane

Speculation over Shein's reported acquisition of a majority stake in American clothing brand Everlane has seemingly been confirmed. According to an internal email seen by Vogue Business from Everlane to its employees, it appears the deal is going ahead, corroborating reports of the acquisition that began circulating earlier this month. Shein is...

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No merger: Puig and Estée Lauder end negotiations without an agreement

Madrid – After nearly two months of intense negotiations, there will be no merger, acquisition, absorption, or any similar operation leading to the integration of the Spanish fashion and beauty multinational Puig group and the American company The Estée Lauder Companies into a single entity. Both companies have now announced through separate...

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Kontoor strikes one billion dollar deal to sell Lee to Authentic Brands Group

US denim specialist Lee Jeans is set to change hands. Parent company Kontoor Brands has confirmed it has signed an agreement with Authentic Brands Group to sell the business for up to one billion dollars. The definitive deal, which has been approved by Kontoor’s board of directors, includes an initial transaction value of 750 million dollars and...

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Marquee Brands signs agreement with Damac Group to acquire majority stake in Roberto Cavalli

Marquee Brands has announced a definitive agreement to acquire a majority stake in Roberto Cavalli, through a strategic partnership with the Dubai-based Damac Group. Closing of the transaction is expected in the second quarter of 2026 The transaction is expected to close in the second quarter of 2026, after which Damac Group will “remain a...

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Pronovias enters administration for its sale to Cap Capital

Madrid – The pre-arranged steps for the swift acquisition of Pronovias by Cap Capital continue to be strictly followed. The leading global company in the bridal fashion sector has now been placed into administration. This is part of the “pre-pack” administration process that will conclude with its sale to the British investment group. According...

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S.Oliver Group acquires Baldessarini

The S.Oliver Group is adding Baldessarini to its "House of Brands". The Rottendorf-based apparel group is acquiring the brand rights from New Baldessarini GmbH, a subsidiary of the Herford-based R. Brand Group, as announced by the S.Oliver Group on Tuesday. The integration of the menswear brand will strengthen the brand portfolio's position in...

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Shein reportedly acquiring Everlane in 100 million dollar deal

Online fast fashion giant Shein is set to acquire US apparel brand Everlane from majority owner L Catterton in a deal valuing the retailer at approximately 100 million dollars, according to a report by Puck News published on Sunday, citing sources familiar with the transaction. Reuters also reported the development, citing the Puck News article....

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M&S acquires Lichfield distribution centre to boost online fashion growth

British retailer Marks & Spencer (M&S) has announced a conditional agreement to acquire a 437,000 square foot fully automated fashion distribution centre located in Lichfield. The facility, previously operated by British online fashion retailer Asos, is scheduled to become operational within the M&S network in 2027. The acquisition is expected...

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Carlyle seeks to sell its stake in Spain-based Jeanologia

Madrid – Following its initial investment in the Valencia-based company in early 2019, US investment firm Carlyle has reportedly decided to fully divest from Jeanologia. Carlyle also holds investments in other prominent Spanish and fashion sector companies, such as Codorniu and the Italian brand Golden Goose. Jeanologia specialises in...

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GameStop proposes $56 billion takeover of eBay to rival Amazon

US video game retailer GameStop made a takeover bid on Sunday to buy eBay for about $55.5 billion in an attempt to turn the online marketplace into a competitor to e-commerce giant Amazon. Gamestop is offering $125 per share in a combination of stock and cash, a 46 percent premium over the average stock price since it began acquiring shares in...

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Puig restructures its board and calls annual general meeting for May 29

Madrid – In a somewhat surprising move, Puig announced late on Monday evening the resignation of Josep Oliu, chairman of Banco Sabadell, from his position as a director on the company's board, which is chaired by Marc Puig. This news was framed within the announcement of Puig's upcoming Annual General Meeting, now scheduled for May 29. The...

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Safilo signs agreement to acquire Spy+ and Serengeti brands

Eyewear company Safilo has announced an exclusive agreement with Bollé Brands to acquire Spy+ and Serengeti. The two US brands are active in the sports, outdoor and high-end eyewear segments. Spy+, an authentic and established brand in the sports and sunglasses sector, will further strengthen Safilo's presence in sports and outdoor distribution...