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.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion