Gildan Activewear, a Canadian clothing company, has acquired Phoenix Sanford, the parent company of Frontier Yarns, for around $168 million in cash. The acquisition was carried out through a fully-owned subsidiary of Gildan Activewear. Frontier Yarns, which is based in Sanford, North Carolina, is engaged in producing 100% cotton, polyester, and cotton blend yarns that […]
GSS Infotech Limited has acquired Indian fruits and vegetables retail chain Polimeraas Argos in stock and cash deal worth INR 250 crores. The Hyderabad-based software company said that the takeover of Polimeraas Argos will be executed via a scheme arrangement, which will be contingent on shareholders’ approval, approvals from stock exchanges, and approvals from regulatory […]
US clothing company G-III Apparel Group has agreed to acquire Sonia Rykiel, a French luxury fashion brand for an undisclosed price. The European luxury fashion brand in question was created by late French fashion designer Sonia Rykiel. Her brand had liquidated operations in 2019. G-III Apparel Group said that it intends to expedite the relaunch […]
Walmart-owned Massmart has agreed to sell its non-core food assets to rival South African retailer Shoprite Checkers for ZAR 1.360 billion ($89.2 million). The sale includes Cambridge Food, cash and carry chain Rhino, and Massfresh, which is made up of produce wholesaler The Fruitspot, and a meat processing facility, along with a dozen Cash & […]
German sportswear manufacturer Adidas has agreed to sell American footwear and clothing brand Reebok to brand management company Authentic Brands Group (ABG) in a deal worth up to €2.1 billion. Currently, Reebok operates in 80 countries, with nearly 70% of its business coming from outside of the US and Canada. The footwear and clothing brand […]
Levi Strauss & Co. (LS&Co.) has agreed to acquire US-based athleisure apparel brand Beyond Yoga for an undisclosed price. The American clothing company said that the acquisition of Beyond Yoga helps its foray into the high-growth activewear segment and diversifies its business further. According to Levi Strauss, the acquisition will take the Beyond Yoga brand […]
Alimentation Couche-Tard, a Canadian convenience store company, has agreed to acquire Esso Wilsons Gas Stops and Go! Stores for an undisclosed price. Wilsons Gas Stops and Go! Stores is an independent convenience store and fuel network in Atlantic Canada that is operated by Cape D’Or Holdings, Barrington Terminals, and other related holding entities, which are […]
Indian fashion retailer V-Mart Retail Ltd. has agreed to acquire all of the existing operating stores of Unlimited from Arvind Lifestyle Brands Ltd (ALBL), a fully-owned subsidiary of Arvind Fashions in an all-cash deal. Unlimited is currently running a chain of 74 fashion retail stores in South and West India that sell fashion apparel and […]
Hellman & Friedman (H&F) has wrapped up its previously announced $2.8bn acquisition of American furniture store chain At Home Group. With the closing of the deal, At Home Group has become a privately owned company, and has been delisted from the New York Stock Exchange (NYSE). As per the deal signed in May 2021, shareholders […]
British supermarket chain Morrison Supermarkets (Morrisons) has accepted a takeover bid of £6.3 billion ($8.7 billion) from a group led by Fortress Investment Group, a subsidiary of Japan’s SoftBank Group. Joining Fortress Investment in the proposal are Canada Pension Plan Investment Board and Koch Real Estate Investments. Shareholders of Morrisons will be offered 254 pence […]