Authentic Brands Group Completes Take-Private of Guess?

Authentic Brands Group and ALDO Group Acquire Sperry from Wolverine World Wide

January 11, 2024

Consumer Products

Authentic Brands Group has acquired the Sperry footwear brand in a transaction that closed January 10, 2024, with the ALDO Group joining as Sperry's North American operating partner. Wolverine World Wide sold the brand for proceeds of about $130 million to strengthen its balance sheet; Authentic will convert Sperry to a licensed model while ALDO will operate Sperry's wholesale, e-commerce and store operations in North America.

G-III Apparel Group Completes Acquisition of Remaining 81% Stake in Karl Lagerfeld

June 2, 2022

Consumer Products

G-III Apparel Group, Ltd. completed its previously announced purchase of the remaining 81% interest in the Karl Lagerfeld fashion brand for €200 million (approximately $214 million), subject to adjustments. The deal, funded with cash on hand, makes the Karl Lagerfeld brand wholly owned by subsidiaries of G-III.

Guess?, Inc. and WHP Global Acquire rag & bone

February 16, 2024

Consumer Products

Guess?, Inc. and WHP Global have completed the acquisition of New York–based fashion brand rag & bone. Guess? acquired all operating assets (and, together with WHP Global, will jointly own rag & bone's intellectual property); Guess? contributed approximately $57.1 million at close (earlier terms disclosed a $56.5 million contribution plus up to $12.8 million potential earnout). rag & bone will remain based in New York and will leverage Guess?'s global distribution and WHP's brand-management capabilities to pursue growth.

Authentic Brands Group & SPARC Group Acquire Eddie Bauer

May 7, 2021

Retail

Authentic Brands Group (ABG) and SPARC Group have agreed to purchase Eddie Bauer from PSEB Group, an operating company owned by Golden Gate Capital. ABG will own Eddie Bauer's intellectual property while the brand's core operating business will be integrated into SPARC's portfolio; Eddie Bauer will remain headquartered in the Seattle area under current President Damien Huang. The deal (expected to close by June 1, 2021) is intended to expand the brand's global reach and accelerate omnichannel and e‑commerce growth; no financial terms were disclosed.

Made in Italy Fund Acquires Majority Stakes in Autry and Ghoud

June 29, 2021

Consumer Products

Made in Italy Fund, managed by Quadrivio and Pambianco, has taken majority stakes in Italian sneaker brands Autry and Ghoud. The transactions expand the fund's fashion portfolio; founders and industry veteran Patrizio di Marco are reinvesting alongside the fund. Combined 2021 turnover for the two companies was reported at €25–30 million with EBITDA of €7–9 million.

Steve Madden Acquires Almost Famous

October 23, 2023

Consumer Products

Steven Madden, Ltd. (Steve Madden) completed the acquisition of privately held Almost Famous, a designer and marketer of women's apparel, for $52 million in cash plus an earn-out. Almost Famous reported approximately $163 million of revenue for the 12 months ended September 30, 2023 and sells through wholesale channels (mass merchants, department stores, off-price retailers and chain stores) in the United States.