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.
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye