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”. […]
LVMH invests over 74 million euro to triple its participation inside Tod’s Group and reach 10% of the total. “Through this operation, we strengthen the 20-year-long friendship between the Arnault and Della Valle families”, reads the note. The operation, which closed on Wednesday April 28th, lit a new fire under the rumors of a potential […]
Gucci flies again. In the first quarter of 2021, the brand’s revenues, which generates 60% of Kering‘s turnover and 80% of its profits, grew by 24.6% at constant exchange rates. An increase higher than that expected by analysts: +19%. Overall, the French group’s sales rose 25.8% on a comparable basis for the same period. This […]
L Catterton has the exclusive for Etro. According to an indiscretion collected by Affari & Finanza, the fund (headed by LVMH) would have signed an agreement with the founding family for the acquisition of 60% of the brand. Etro, in its second generation, would keep the brand’s real estate assets in addition to the 40%...
Armani, Prada, Exor. But also OTB, Moncler and Dolce & Gabbana. Rumours about Italian mergers are advancing. The fil rouge is one: the Bel Paese’s luxury does not seem willing to lose further pieces favouring the French. The debate was ignited by Giorgio Armani, who would renounce independence only with an Italian partner. Bookmakers have […]
According to analysts, there is a lot of money ready to be invested even with Covid-19 still raging. And that’s why there will be many acquisitions. According to EY, PE funds have a total 865 billion USD to spend. A difficult year for the world is turning to be a good one for investing. Alike...
