A strategic investment by Artémis in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
A Li Ning unit may take over Clarks for £51m
Li Ning, the famous Chinese Olympic gold-medallist-turned-businessman, is about to take control of the iconic British shoemaker Clarks less than a month after its shareholders agreed in principle to sell most of their shares to a Hong Kong-based private equity firm, LionRock Capital. Li is the non-executive chairman of Lion ...
Google says it has closed Fitbit’s takeover
In a post on its blog, Google announced on Jan. 14 the closing of its acquisition of Fitbit, which has thus been delisted from the New York Stock Exchange. The announcement was timed to follow a deadline of Jan. 13 that the U.S. Justice Department had set for its approval ...
Pon reportedly sold stake in Accell at a profit
According to reports in various Dutch media, Pon Holdings sold its 20 percent stake in its big Dutch competitor, Accell Group, at the end of last year. At the time of writing, no official comment was available from either Pon or Accell.
Growing Dr. Martens plans an IPO in London
Dr. Martens plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales, as reported in our sister publication Shoe Intelligence, which covers non-athletic footwear. The company behind the iconic British boot brand expects an eventual free float of 25 percent ...
VF reorganizes APAC operations
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...