Supply chain mergermania. The Koinos Capital fund has acquired a majority stake in Tre Zeta Group, a San Miniato-based company specialising in leather soles and sneakers soles. The value of the investment has not been disclosed. Supply chain “Today marks the beginning of Koinos’ collaboration with Tre Zeta Group”, explains Marco Morgese, founding partner of...
Burberry has a new CEO. Coming April 2022, Jonathan Akeroyd will substitute Marco Gobbetti, who will begin his new role as CEO of Ferragamo. British Akeroyd (54 years old) has been CEO of Versace since 2016, and remained in his place when the Italian brand was bought by Capri Holdings. The same manager was also […]
Split between the financial restructuring of Roberto Cavalli and the wish to buy additional brands. Hussain Sajwani, founder of the Damac Properties group out of Dubai (which is also the owner of Vision Investments with which it bought Cavalli), seems to have no issue with liquidity. As a matter of fact, according to some indiscretions, […]
Off-White has a billion euros in its sights. We’ll get there “in five to ten years”, says CEO Andrea Grilli, who explained how input from LVMH (which controls 60% of the brand, the remaining 40% belongs to Virgil Abloh) and Farfetch (owner of New Guards Group, its licensee) is facilitating this path. The billion in […]
LV’s sustainability goes through the control of the chain, according to Michael Burke. All of it, from raw materials to second hand. The luxury brands, says the CEO (in photo), follows a strategy that doesn’t look at the results for a single year, but rather to “long-term growth”. That’s why luxury brands can be open...
There is no doubt. Kering is looking for a target to acquire. Jean-Francois Palus (general director of the French group) confirmed it by highlighting the main difficulties tied to the search: “the lack of luxury targets. We are observing the market, working to find the best target at good conditions. That’s what we have done […]
Armani expects to return to pre-pandemic levels by 2022. The recovery has already begun: in the first half of 2021, sales are up +34% thanks to the USA and China. In light of this result, the group expects “a much better profitability scenario for 2021”. The only variable, ça va sans dire, is the return […]
Already a leader and already active, or rather hyper-active. The Arnault family has led the luxury mergermania for a time, both via LVMH and L Catterton, last acquiring Etro and Off-White. While waiting for a counter-action by competitors, the group led by president and CEO Bernard Arnault (in photo), takes advantage of its competitive leverage:...
Everyone is waiting for the Kering coup. And they have been since LVMH bought Tiffany. The conglomerate led by the Pinault family is still a spectator in the mergermania that has been unleashed recently. According to rumours, it has even made a few attempts (Richemont, Ralph Lauren, Dolce & Gabbana), while market players are competing...
German retailer s.Oliver Group took over the footwear and accessories’ brands Copenhagen Studios, German enterprise, despite the name. The brand manufactures 65% of its products in Italy, with the remaining 35% in Portugal, while all the leather used comes from Italy. The announcement was made by brothers Julian and Johannes Rellecke, both of which will […]
Much activity is happening in Biella. Zegna Group announced its IPO in New York: the male-focused brand will have its IPO in Wall Street at the end of November. Moreover: it will do so with Investindustrial, Special Purpose Acquisition Company launched in 2020 by Andrea Bonomi’s company with the same name, which aims at favoring […]
Exor with Armani (for the moment) is a no-go. For L Catterton with Etro, however, the answer is yes. Two luxury judgments that confirm that #mergemania shows no signs of giving up. The first is an indiscretion. At the beginning of July, John Elkann would have tested the waters to acquire a minority stake in […]
Of course, the +129% performance is compared to the 2nd quarter of 2020 (during the first wave of Covid-19, which can make it seem less significant. Yet, a -4% performance compared to the same period of 2019 seems to indicate that the path selected is the right one. Hugo Boss countered the opinions that see […]
Rino Mastrotto Group buys Carroll Leather, US-based division of Carroll Companies, active in the commercialization of leather objects for the interiors’ segment. The Vicenza-based tanning group hopes that this operation will let it develop on two fronts. “This deal gives us the chance to get US consumers to know our interiors’ business unit – comments […]
From the three-way race for Sergio Rossi to the closing on Etro. And the usual rumors surrounding the future of Ferragamo that were once again denied this week. All while waiting for more moves like the one from OTB, which (may be) looking to make an acquisition. Or that of Giorgio Armani, which wants to […]
Because it would be the right time for the merger between Richemont and Kering. And what could be the main obstacle. The mergers and acquisitions sector is in turmoil: a real mergermania. There are many deals at stake, but the market is waiting for Kering’s response to LVMH‘s purchase of Tiffany. It would be the...
Kering strengthens its firepower (in terms of liquidity) with an additional 800 million euro for potential future acquisitions. It does so by selling its ownership stake in Puma (5.9%). Hugo Boss may now be in the perimeter of interest, given that Frasers Group has stated that it will not make an offer for the German...
Attention. In 2020, even in the midst of the pandemic shock, there were more merger & acquisition operations in the top of the range than those closed in 2019. And in 2021, the boom in acquisitions does not stop, because 100% of investment funds is considering to deal in luxury. The most interesting detail is...
Could Sergio Rossi end up in foreign hands? Rumors have been spreading since January and have never been denied. The topic: the fact that Investindustrial has allegedly made the Italian brand’s reports available to see. Today more rumors name two potential buyers: one Swiss and one from the USA. Rumors spread According to Mergermarket, the […]
D&G alone and optimistic. Alfonso Dolce, CEO of the brand, sees a positive path ahead of him. “I confirm that Dolce & Gabbana wants to work under a single brand, without aggregating or joining others as a group”, explains the manager, who defines the supply chain as the “beating heart of the entire fashion sector”. […]
