New rumours call into question the largest financial transaction in the history of luxury. In other words, there is no certainty of LVMH’ purchasing Tiffany for 16.2 billion dollars . WWD claims it. The economic repercussions caused by Covid-19 came between the agreement (November 2019) and the actual closing, initially expected in the first half […]
The approval has come. The EU Commission approves Golden Goose transition to Permira. The acquisition, therefore, does not raise competition issues according to the EU Merger Regulation. The British financial company is authorised to take over Sneakers Maker, the company that owns the shoe brand, now owned by the Carlyle fund. Golden Goose to Permira […]
The tannery celebrates 100 years of mimosa, the same day as international women’s day. South African NTE Mimosa Extract Company , celebrated 1 century of life. The company is present in over 60 countries with its products, and it’s the eldest producer of mimosa extract in the world. Another history-worth fact is the partnership with […]
They are not planning to buy out Versace nor Moncler. While illustrating Kering’s prospective strategies, François-Henri Pinault made clear they are going to enhance, most of all, the portfolio of brands currently controlled by the group. They might even opt for new acquisitions, though choice standards are supposed to be extremely strict. They will not […]
The indiscretion is, in a nutshell, this. Valentino isn’t actually for sale. But it remains a perfect brand for French luxury giants, which is why several investment banks have come to imagine cases of mergers or acquisitions. Colliding with a wall: Mayhoola is asking at least 4 billion euros. The Emirate fund, which consecrated Valentino […]
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 […]
