We could title it “The sale of Richemont”. And it would be a succesful best-selling series of books, because for years now financial sources have rumored the sale of the Swiss multinational. Rumors that, in the end, were always discredited. The latest one comes from Siss press and claims that LVMH is the buyer. The...
3 players are in the run to acquire Cadicagroup. After a few fell out of the running, the funds that remain are Argand Partners, Paladin Capital and Chequers, as they appear to be the most serious when it comes to acquiring the Carpi-based (near Modena) group specialized in accessories and tags for the fashion industry. The seller is...
Experts are sure that even during 2023 M&A activities will continue on the strong trend. And Italy, fundamental country for the fashion industry, will once again be a main actor in the various plays. Mergermania, the current trend of M&A operations on all levels of the chain, requires two main clarifications. The first is tied […]
The accessories cluster promoted by fund White Bridge Investments acquired CDC Luxury Chains. The latter (Tuscan) is active in the production of ornamental chains for luxury goods sold by fashion brands. CDC becomes part of a conglomerate that already includes Lampa, Obi, Forza Giovane, Conti e Vannelli, Gruppo PF. Mergers along the accessories’ segment continue, with the objective of strengthening and […]
Tre Zeta Group acquires Suolificio Magonio in Montelupo Fiorentino (Florence). It’s Tre Zeta Group’s 2nd operation in two months, as in mid-November it had bought Stil Stampi in San Miniato (Pisa), which manufactures aluminum molds for shoe soles. Magonio manufactures leather soles for the luxury segment and closed 2022 with a revenue of 14.5 million euro. Considering these last two acquisitions, Tre...
Integrations along the chain don’t appear to be stopping. Zuma Pelli Pregiate group (headquartered in Castelfranco di Sotto) acquired Conceria Centrorettili, located in Santa Croce sull’Arno. This deal involves two leading enterprises specialized in tanning exotic hides that will join forces to unite their client portfolio. “The acquisition was conducted because the amount of work done in […]
Tod’s remains listed. After the failed OPA attempt, DeVa Finance communicated that it will not proceed with its plan B. In other words: the merger via the acquisition of Tod’s. The company owned by the Della Valle family “preferred following the market’s inputs and not proceed with an operation that could have been considered hostile or...
Wolverine Worldwide is bucking the trend. While fashion proceeds through M&As to vertically integrate the supply chain, the Rockford, Michigan-based company has started the process of divesting (also under licence) Wolverine Leathers. Meaning, the in-house leather supplier. Because it is a “low-profit” business, the company explained. Same fate for the brand Keds. “Wolverine Worldwide Leathers,” […]
Minerva Hub also takes over the Meccaniche Luciani Group. The hub chaired by Matteo Marzotto has now brought together 9 companies (but more are on the way), and will close 2022 with a turnover of over EUR 180 million, EUR 50 million EBITDA and a 15% net profit. During the press conference held on Monday...
The Della Valle family has not yet taken a decision on whether or not to proceed with the delisting of the stock, after the recent flop of the financial transaction. This was stated during the conference call with analysts by Tod’s Group CFO Emilio Macellari. He expects a decision by the end of the year....
The eye of the big funds is on Minerva Hub. Carlyle, Permira, CVC and Astorg would look with some interest at the production hub created this year by the merger between Matteo Marzotto’s Ambria Holding and Xpp Seven, controlled by the private equity fund Xenon. Meanwhile, the group is about to announce two or three […]
Another supply chain merger: Venevision buys Eurofin, company specialized in the superficial treatment of fashion and luxury accessories (galvanic and polishing). It’s a holding specialized in the eyewear segment, for the most part, and it was created by VeNetWork, a company that collected capital from 71 entrepreneurs of the Tri-Veneto area. Venevision buys Eurofin Venevision […]
The made-in-Italy chain has (partially) protected Etro from price increments: “We began collaborating with Italian suppliers, as they went along with the project, and we bought their materials”, said the brand’s CEO Fabrizio Cardinali. The manager also published the brand’s economic results: +25% in 2021 on 2020 and +18% for the first semester of 2022,...
Armani could go to Mayhoola for Investments for an amount close to 5 billion euros. According to the well-informed, this is more than just a rumour, as exploratory talks between the Milanese group and the Qatari company are already underway. Mayhoola already owns Valentino, Balmain and Pal Zileri. If the deal were to materialise, it...
Mergers and acquisitions in the luxury market: who’s buying who? Or rather, who is Kering buying in response to LVMH’s purchase of Tiffany. Analysts indicated Burberry of a jewelry brand as the perfect target for Kering’s portfolio. Bernard Arnault, owner of LVMH, is ready to take on the next opportunity also via the “tool” L...
“You either grow or the market pushes you out”. Claudio Delunas, CEO of Idee Partners gets to the point. His company, which became a part of Gruppo Pattern in October 2021, continues to invest, and announced its 4th acquisition: 70% of RGB, company located in Reggello (Florence) and specialized in the production of leather accessories. […]
The Minerva Hub is born. The new enterpsie is made of 6 companies of the chain that, together, have a revenue of over 101 million euro, 1,000 customers and employ 434 people directly. These 6 companies, among which is also Zuma Pelli Pregiate, have formed a new district specialized in materials and finishings for the...
The Furlanetto family wants to sell Furla, at least in part. It seems that this is one of the options that the heirs of Aldo Furlanetto, who founded the brand in Bologna in 1927, are considering. Lazard has already been commissioned to do so. From the documents in circulation, would also emerge a potential agreement […]
LVMH is allegedly considering the purchase of Ralph Lauren. The stylist by the same name (82 years old) id preparing the sale of the brand he founded and directed until now. In the last two years, says Axios, he already discussed a potential merger with the French group. Rumors So far, they are only rumors....
Patience, opportunism and sharpness. According to Kering’s CEO, François-Henri Pinault, these are the 3 skills that somebody interested in M&A operations must possess. The French luxury group hasn’t hidden his wish to acquire a new brand, and the market has known for a while. But Kering isn’t the only, as other groups are planning to...
