LONDON, UK: JD Sports Fashion has entered into exclusive negotiations with the owners of Groupe Courir S.A.S with regards to the potential future acquisition of 100% of the issued share capital of Groupe Courir for an enterprise value of €520 million. The business is currently majority owned by Equistone Partners Europe which acquired Courir in…
Search Results for: footwear
OG Kicks to open first London store in Carnaby shopping district
LONDON: OG Kicks, a popular sneaker retailer, has chosen the vibrant Carnaby shopping district for the opening of its first store in London. The store, set to launch in May, will be located in Foubert’s Place and will offer a unique buy, sell, and trade experience for sneakerheads and footwear fashion enthusiasts. The 1,564 square…
Bank of England hikes interest rates by 25 basis points to 4.25%
LONDON, UK: The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent high inflation. The Monetary Policy Committee voted 7-2 in favor of raising the Bank rate to 4.25%, in a widely anticipated move after official data on Wednesday showed that U.K. inflation unexpectedly jumped to an…
Bunzl plc announces sale of its UK healthcare division; acquisitions
LONDON, UK: Bunzl plc, the specialist international distribution and services Group, has signed agreements to acquire four businesses and agreed to the sale of its UK healthcare division. Together, these transactions are expected to be profit neutral to the Group and will generate a small cash inflow. They reflect Bunzl’s ongoing discipline around returns focused…
Vulcan Industries disposed of IVI Metallics Limited
LONDON, UK: Vulcan Industries plc (AQSE: VULC) has disposed of the entire share capital of IVI Metallics Limited. IVI Metallics Limited specialises in the manufacture of precision quality tacks and nails, (including threaded, hardened and plated products) both for the footwear, and other industries requiring the highest quality standards. IVI was significantly affected by COVID,…
Coats Group to acquire of Rhenoflex GmbH for €115 million
LONDON, UK: Coats Group, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Rhenoflex GmbH, one of the leading global manufacturers of sustainable structural material solutions for the footwear industry, for an enterprise value of €115 million (c.$117m). Following the recent acquisition of Texon, this represents a synergistic bolt-on…
Bureau Veritas acquires AMSfashion
PARIS, FRANCE: Bureau Veritas announced the acquisition of AMSfashion, a company expert in sustainability, quality and conformity services for the fashion industry, including organic/vegan content verification and durability testing. AMSfashion, an AMSlab business unit, offers advanced analytical solutions for the textile and footwear sectors, and extensive experience in cosmetics analysis. It supports brands and suppliers of all sizes to…
Unbound Group announces initial launch of curated multi-brand platform
LONDON, UK: Unbound Group plc confirmed the initial launch of its curated multi-brand platform, as scheduled, which offers a range of partner brands for its core 55+ customer demographic. The further Autumn Winter launch of the platform is on track to be completed in September. Alongside its core Hotter brand, the Group is initially launching…
Coats Group to acquire Texon International at an enterprise value of $237mn
LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed a definitive agreement to acquire 100% of Texon International Group Limited, a leading footwear solutions provider, for an enterprise value of $237 million. The acquisition is expected to complete in July, a bourse filing said. Texon, a company with operations in Asia…
Coats Group to sell business in Brazil and Argentina to Reelpar SA
LONDON, UK: Coats Group plc, the world’s leading industrial thread manufacturer, has signed an agreement to sell its business in Brazil and Argentina to Reelpar SA, an entity backed by a Sao Paulo Private Equity Firm. The deal is expected to complete in May, following customary completion procedures. As a result of the disposal there…
London shares’ prices dragged lower by the likes of Ocado and Airtel Africa
London stocks Tuesday dragged lower by the likes of Ocado and Airtel Africa. The FTSE 100 ended the session down 0.09% at 7,567.07, and the FTSE 250 lost 0.05% to 21,787.46. Sterling was meanwhile heading northwards, last trading up 0.15% on the dollar at $1.3556, and strengthening 0.35% against the euro to €1.1872. “For a…
Bunzl Plc acquires Tingley Rubber Corporation
LONDON, UK: Bunzl plc, the specialist international distribution and services group, has acquired Tingley Rubber Corporation, a distributor of own brand PPE based in New Jersey, US. The business is focused on protective footwear and apparel and has a strong product portfolio. Tingley generated revenue in 2021 of $68 million (c. £49 million). Commenting on…