Mergers, acquisitions and further financial transactions, which aim at assembling brands, keep going on relentlessly. Focus on Original Footwear, which looks rather appealing. In fact, Brand Velocity Partners (BVP), a private equity fund, have recently bought out the company, which specializes in the manufacturing of footwear for the army and police. Still we do not […]
The time horizon is not decisive. What matters is that, in the last few seasons, luxury has thrown itself into a billion-dollar challenge. We are talking a lot of billions. The challenge is (apparently) to those who acquire more. The last LVMH operation, in this sense, is an explosive icing on the cake. Not only […]
ICEC goes to Washington. The Leather Area Certification Institute signs a partnership with LHCA, the association that represents US traders of raw materials and tanners. The signing of the agreement between the two parties on November 12th, has an annual value, and provides for the tacit renewal mechanism. The partnership goal If ICEC goes to […]
The ostrich merges. Klein Karoo International and Mosstrich can, finally, merge. The South African Competition Commission (judiciary branch responsible for fair market competition), has granted the right to merge after the two South African players had appealed. The entities were trying to unify the respective divisions specialized in treating material of ostrich origin. The past […]
US tanning association (LIA) and that of tanning raw material traders (USHSLA) formalised the merger into a new unitary subject. From January 1st, 2020, LHCA (Leather and Hide Council of America) will become operational, while Stephen Sothmann, current president of USHSLA, will be in charge of guiding operations. John Wittenborn, after 15 as LIA chairman, […]
They call them GCFA, namely Green Carpet Fashion Awards, whose prize-giving ceremony took place last night in Milan, at the Scala Theatre. The awards are now on their third edition: CNMI (Camera Nazionale della Moda Italiana, the National Chamber of Italian Fashion), in collaboration with Eco-Age and the support of ITA (Italian Trade Agency), along […]
Vivarte creditors agreed to put into action the so-called “trust procedure”. They are going to become the new shareholders of the French footwear group, whereas the old ones will lose their stocks. Patrick Puy, Vivarte chief executive officer, announced the decision while speaking to France Info. “I am not proud of the fact that shareholders […]
BRF and Marfrig didn’t manage to find agreeable terms over what would have become the merged-company’s governance structure. The merger talks between the two players active in the meat industry broke down and it was decided to suspend further negotiations. The partners’ opposition BRF and Marfrig started discussing the possibility last June. According to reliable […]
Klein Karoo International and Mosstrich insist on merging. The two companies have decided to fight the ban placed by the South African Competition Commission (similar to any AntiTrust government body) in court by going to a different court for permission. This same court had already listened to the opinions of competitors, ostrich farmers, retailers and […]
In 2018, Conceria Pasubio reached, in terms of consolidated revenues, 313 million euros. In the meantime, their employees now amount to 1,022 units: in 2017, there were 740 of them. Very good news, then, for the first financial statement of the group, based in Veneto, since they signed a partnership deal with CVC, a private […]
Marfrig and BRF have opened the negotiating table to evaluate a merger hypothesis. If the negotiations were successful, a meat giant would be set at 76 billion reals a year (around 17,3 billion euros), being the second Brazilian player and ready to challenge the giant JBS. Are non other that the direct stakeholders, reports O […]
A finish point that coincides with and important starting point. Last Monedy marked the end of the first day of trading for SICIT GROUP on Milan’s stock exchange. The company, which was created by the merger between SICIT 2000 and SPAC (Special Purpose Acquisition Company) SprintItaly, is an example of Veneto’s excellence which, “since 1960, […]
South Africa’s Klein Karoo International group are going to install solar panels, which will extend across 600 square metres, in their tannery, which will no longer make use of fuels. KKI, a leading player in the ostrich industry, recently attempted to make a merger with Mosstrich (the Antitrust board stopped the deal though). Back to […]
An important step that shows how much Italian tanners believe in themselves. UNIC – Italian Tanneries acquires through its subsidiary Lineapelle, 2% of Sprintitaly’s capital, a special purpose acquisition company “that will incorporate Sicit via merger”
This operation is, for Italian tanners, “proof of our trust in the future of the segment”. For Sicit, this is “an important endorsement” in favor of “our green entrepreneurial model”, which has started the “business combination” process that will allow the entry of Sicit “onto the AIM Italia stock exchange” (small caps). UNIC – Italian […]
The merger operation would weaken the domestic ostrich market. So the South African Competition Commission said no to the merger hypothesis, announced last summer, between Mosstrich and Klein Karoo. As reported by the South African daily Die Hoorn, the two players are not giving up and are preparing to appeal. According to Johan Schoeman, CEO […]
Philipp Plein might possibly decide to sell the small fashion empire he created by himself, though he would sit for negotiations as long as takeover bids are not lower than 700 million euros, to begin with. The German designer and entrepreneur founded a fashion group, headquartered in Switzerland, whose annual turnover amounts to around 300 […]
Great prospects for Armani, while Salvatore Ferragamo’s situation is complex, but chatter regarding a potential sale are shut down. The luxury market is living a very polarized season, where brands that grow stand on the opposite side of those in distress trying to get back on top, and, the last news on two Italian luxury...
Someone is planning to buy. Someone else does not want to be bought out though. After the acquisition of Versace, carried out by Michael Kors, the fashion system, especially in Italy, is being affected by several rumours about prospective and possible first-level Merger & Acquisition deals. The WWD.com portal has recently launched the “Valentino speculation”. […]
US leather associations, two of them, are going to join forces for several reasons: many companies are members of both associations, which often strive to achieve the same goals and safeguard common interests, despite their acting from different standpoints in the same industry. Hence LIA (the association of US tanners) and USHSLA (the American association […]
