Lenskart, an Indian prescription eyewear retail chain, has reportedly acquired a majority stake in Owndays, a Japanese direct-to-customer (D2C) eyewear brand, for $400m. The deal is expected to create one of the top online eyewear retailers in Asia. It will help Lenskart grow its footprint in Asia to 13 markets. Lenskart is backed by investors […]
Platinum Equity has agreed to acquire a controlling interest in Hop Lun, a Hong Kong-based fashion lingerie and swimwear company, from its founder Erik Ryd. The financial terms of the deal were not revealed. Established in 1992, Hop Lun designs and manufactures intimate apparel and is claimed to be one of the top providers of […]
Frasers Group plc, a British retail and intellectual property (IP) group, said that it has purchased certain IP of Missguided Limited, an online women’s fashion retailer, for £20 million in cash. The acquisition also involves Mennace Limited and Missguided (IP) Limited. Missguided Limited and Mennace Limited are currently in administration. After the closing of the […]
Woolworths Group has offered to acquire a stake of around 80% in MyDeal.com.au (MyDeal), an Australian online marketplace, in a deal that values 100% of the latter at A$243 million. In this regard, the Australian supermarket company has signed a scheme implementation agreement (SIA) with MyDeal. Shareholders of the ASX-listed online marketplace are being offered […]
Victoria’s Secret & Co. said that it has acquired a minority stake in Frankies Bikinis, a beachwear and lifestyle brand based in Venice, California, for a sum of $18 million. Frankies Bikinis was established in 2012 by Francesca Aiello and Mimi Aiello. The company sells fashion-forward beachwear inspired by Malibu and made in Los Angeles […]
Spectrum Brands, an American branded consumer products and home essentials company, has agreed to acquire the home appliances and cookware business of Tristar Products in a deal worth up to $450 million. The acquisition will be made by Spectrum Brands’ home and personal care (HPC) segment. Spectrum Brands plans to combine Tristar Products’ home appliances […]
Unilever has agreed to divest Unilever Life, its direct selling business in Thailand, to Thai media company RS Group for an undisclosed price. Unilever Life operates as a multi-level marketing (MLM) direct selling business. It has a portfolio of three brands, namely Beyonde, iFresh, and Aviance. Robert Candelino — CEO of Unilever Thailand said: “For […]
Global Partners LP, an American energy supply company, has acquired Virginia-based convenience store chain Miller’s Neighborhood Market in a move to grow its retail presence in the mid-Atlantic region. The financial terms of the deal were not disclosed. Through the deal, Global Partners LP gains 23 convenience stores of which are 21 are company-operated and […]
Farfetch Limited, a UK-based online luxury fashion retailer, said that it will acquire Violet Grey, a US-based luxury beauty retailer, for an undisclosed price. The acquisition will mark the foray of Farfetch in the cosmetics sector. Violet Grey is a beauty destination as well as a content channel. It is credited to be the launchpad […]
Petz PETZ3.SA, a Brazilian pet retailer, has signed a stock and cash deal worth BRL70 million ($12.85 million) to acquire Petix, a manufacturer of dog potty pads. Founded in 2007 in Brazil, Petix is the maker of WizSmart dog pads. The pet retailer, which is majority-owned by the Rogerio Haddad family, also sells dog diapers, […]