This year saw a rush of mergers and acquisitions and with two weeks left, it’s likely that we’re not finished yet. Many were smaller deals — less than $100 million — while others were significant for the brand or its market position, such as Lion Capital’s majority stake in John Varvatos or TSG Consumer Partners’ separate investments in Rebecca Minkoff and Alexis Bittar. The following are the top dozen deals where transaction values were disclosed. A NEW ALLIANCE: In June, Walgreen Co. said it would acquire a 45 percent equity stake in Alliance Boots GmbH in a cash-and-stock deal valued at $6.7 billion. The resulting entity has more than $110 billion in combined revenue and more than 11,000 stores in 12 countries. After setting up the first global pharmacy-led health and beauty group, Walgreens has the option of acquiring the remaining 55 percent of Alliance in three years.
WARNACO’S NEXT CHAPTER: PVH Corp. in October signed a $2.9 billion deal to acquire Warnaco, reuniting PVH’s Calvin Klein with the brand’s two largest apparel categories: underwear, which Warnaco owned, and jeanswear, for which it held the license. The acquisition included Speedo, Warner’s and Olga and turned PVH into an $8 billion giant. COLLECTIVE SPLIT: Collective Brands Inc. in June completed a $2 billion transaction with a consortium of investors that broke up the company. Wolverine World Wide Inc. acquired Collective’s Performance + Lifestyle Group (Sperry Top-Sider, Saucony, Stride Rite and Keds) for just over $1.2 billion, while two private equity firms, Blum Capital Partners and Golden Gate Capital, acquired Payless ShoeSource and related licensing business for $800 million. DOUGLAS SAYS YES: German perfumery, jewelry and fashion retail group Douglas Holding AG this month agreed to a $1.9 billion marriage proposal from U.S. buyout firm Advent International Corp. after nearly a year of talks.
NO CROCODILE TEARS: Lacoste family shareholders last month agreed to sell their shares to Swiss retail group Maus Frères SA in a deal valued at $1.3 billion. Maus already owned 35 percent of the capital of Lacoste through its subsidiary Devanlay.
CHARMING, INDEED: Ascena Retail Group, formerly The Dress Barn Inc., acquired Charming Shoppes Inc. for $890 million. Charming’s nameplates include Lane Bryant, Cacique, Fashion Bug and Catherines Plus Sizes, although the Fashion Bug chain has since been shuttered.
VALENTINO’S DAY: Mayhoola for Investments, an investment vehicle backed by a private investor group from Qatar, agreed to pay $858 million to acquire Valentino Fashion Group. The deal, between Mayhoola and Red & Black Lux Sarl, a company indirectly controlled by the Permira Funds in partnership with the Marzotto family, gave Mayhoola Valentino SpA as well as the M Missoni licensed business. VFG’s Hugo Boss and MCS Marlboro Classics units remain owned by Red & Black.
ROBOTIC MOVES: Kiva, a technology firm that combines material -handling with control software to automate services at fulfillment centers that process e-commerce orders, was acquired in March for $775 million by Amazon.com Inc.
PRIVATE PLAY: Nike Inc. in November signed a deal to sell Cole Haan to private equity firm Apax Partners for $570 million. The sneaker giant bought the brand in 1988 for $95 million in cash and debt.
TOP OF THE HEAP: Last week, Sir Philip Green completed the sale of a 25 percent stake in his Topshop-Topman businesses to U.S. private equity firm Leonard Green & Partners (no relation) for $564 million. The deal gave Arcadia Group Ltd., Philip Green’s investment umbrella, zero bank debt and a balance sheet that is cash positive — and a war chest for future acquisitions.
ANOTHER STOP: PPR SA’s U.S. Redcats retail unit reached a deal last week to sell its plus-size apparel business, OneStopPlus Group, to two Massachusetts-based private equity firms, Charlesbank Capital Partners and Webster Capital, for $525 million. Brands under the OneStopPlus Group include OneStopPlus.com, Roaman’s, Jessica London, KingSize and BrylaneHome. The OneStopPlus deal completes the sale of all assets under Redcats’ U.S. operation.
L&T SHIFT: Hudson’s Bay Co. restructured in January and in the process invested $427 million in Lord & Taylor to reduce the chain’s debt. It’s a move that made Hudson’s Bay the operator of the American retailer, which previously was an affiliate under the former Hudson’s Bay Trading Co. umbrella. In November, Hudson’s Bay completed an initial public offering on the Toronto Stock Exchange.
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge
Jewelry label @alisonlou has made a name for itself with fine jewelry that speaks to the Millennial market. Now @twallz21 reports that the label is bringing those playful ideas to a new affordable line of lucite hoops with the launch of Loucite by Alison Lou. Here’s a look from the line modeled by @emrata. #wwdaccessories
@sarahjessicaparker and @gilt are teaming up on a bridal ready-to-wear line. Tomorrow, Parker will launch SJP by Sarah Jessica Parker Bridal — and as part of the launch, Gilt will offer 15 exclusive styles from the SJP by Sarah Jessica Parker footwear collection that were designed to complement the new line. Made out of 10 styles, the line is designed for a variety of occasions, from bridal showers to receptions. Get more details on WWD.com #wwdfashion