The companys near-term plan for the brand is, in a word, expansion in digital, retail, wholesale, geography, categories and licensing. LVMH Luxury Ventures the investment arm that French luxury conglomerate LVMH established a few years ago to support desirable, high potential brands, with clear identities and built to address clients desires today and into the future has. Bloomberg previously reported that Authentic Brands agreed to pay $269 million for a 55% stake in Beckham's brand management company DB Ventures. Blue Nile had, Amazon announced in August that it plans to acquire Roomba vacuum creator, As it continues beefing up its omnichannel capabilities, Walmart said in August it is. It is a top priority to help ensure that eBay remains a safe and trusted environment for our global community of sellers and buyers, particularly to prevent counterfeits and unsafe or illegal products, Zhi Zhou, chief risk officer at eBay, said in a statement. The company, at the time, said it has plans to revitalize the brand for an official relaunch in early 2022. With the transaction, Iconix shares were delisted from the Nasdaq as the licensing specialist became a private company. Returnly currently serves more than 1,800 merchants and has been used by over 8 million shoppers. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. Since then, among other sales, Jessica Simpson won back her namesake brand from Sequential for $65 million following the cancellation of an auction, according tocourt documents. Youth to the People was founded in 2015 and is known for its vegan formulas. Now its working on reigniting its global sales. High levels of debt and steep management fees under private equity ownership have previously interfered with many retail turnovers,leading several to the bankruptcycourt. Its most recent and most extensive project was the establishment of a newresale site for Madewell, coming soon after deals with Vera Bradley,Farfetchand LG to provide resale service logistics. We are delighted to officially welcome Atmoss iconic founder, Hidefumi Hommyo, and the entire Atmos team to the Foot Locker family, Dick Johnson, Chairman and CEO of Foot Locker, said in a statement. The filing came about four months after the retailer confidentially filed papers to go public. Upon the acquisition, At Homes common stock stopped trading and is no longer listed on the New York Stock Exchange. Neiman Marcus, its once massive debt load much lighter following last yearsbankruptcy restructuringand subsequentdebt refinancing, announced the first of what it said will be a series of investments in technology over the next three years, with a budget of $500 million. Last year, the brand recorded net sales of 425.3 million Swiss Francs ($465.7 million). Such accountability is no bad thing and will likely sharpen efforts to enact a genuine turnaround at the company.. that it would acquire augmented reality optical tech firm Memomi for an undisclosed sum. Memomi employees will become part of the Walmart Global Tech organization. I am very excited to welcome Aesop and its teams to the LOral Groupe family, Nicolas Hieronimus, chief executive officer at LOral Groupe, said in a statement. She will also chair Violet Grey and provide strategic and creative direction. Its 2020 net loss widened to $171.1 million, from $153.9 million in 2019, and in the first six months of this year net loss reached $84.7 million. At the time of the sale, it accounted for less than 1% of Foot Lockers yearly sales. Grown Alchemist was, founded in 2008 by Jeremy and Keston Muijs. Following our recent agreement to purchase Depop, were excited to bring another unique marketplace into the Etsy family., PVH announced on Aug. 2 it had completed the sale of its Izod, Van Heusen, Arrow and Geoffrey Beene brand assets to Authentic Brands for a final cash purchase price of $223 million. In its letter to ODP, Staples signaled that it was prepared to bypass ODPs board with an offer to stockholders unless our negotiations for a consensual alternative transaction as proposed herein are successful.. We are excited to welcome the entire Depop community into the Etsy family and look forward to applying Etsys value creation roadmap to help them further drive growth.. Luxury plus retailer 11 Honor, which previously attracted investment from Nordstrom, among others, was snapped up by inclusive apparel retailer Dia & Co. for an undisclosed amount. The plus-size brand is yet another to be off-loaded by Walmart in recent years, undoing an acquisition spree of various e-commerce businesses that began in 2016. Poshmarks first acquisition is of Suede One, a virtual sneaker authentication platform. Despite clear signs that the consumer was ready for something fresh increasingly provided by new rivals including DTC brands and American Eagles Aerie Victorias Secret was slow to change, and sales growth tanked. Certilogos technology and talented team allows eBay to build on this commitment, establishing eBay as a leader in pre-loved fashion, and offering new ways for consumers to connect and engage with brands.. Bluestar Alliance has a portfolio of brands including Bebe, Justice and Brookstone. Vince Holding Corp. is a global contemporary retailer. Food52 has brought on Christine Muhlke who comes with experience from Bon Apptit, The New York Times Magazine and Bureau X food consultancy to lead the relaunch. Heydude, meanwhile, gets access to Crocs marketing and distribution infrastructure as well as its wholesale relationships. The partnership will also give the designer the ability to launch new brands and partner with existing ones beyond fashion. On December 22, 2022, the Company's indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual property and certain related ancillary assets to RT IPCO,. View source version on businesswire.com: Trading cards as a category has been growing at eBay, hitting $2 billion in transactions during the first half of 2021. On Jan. 25, the brand announced it will form a joint venture with a longtime supplier, Regina Miracle. The IPO values Allbirds at over $2 billion. WSS brings an expanded and differentiated customer base rooted in the rapidly growing Hispanic community, diversifies and enhances our product mix, and strengthens our footprint with a 100% off-mall store fleet located in key markets, CEO Dick Johnson said in a statement. Walmart controlled the domain for a few years until recently, having combined it with its ShoeBuy business. Sol de Janeiro is a strategic fit for the Group in terms of brand recognition and identity, product quality, management capability, as well as growth, profitability and cash generation prospects, LOccitane said in the release. Bringing the Asos brands, including Topshop and Topman, to our customers allows us to create newness and excitement for this important dynamic customer segment.. Today the brand sells through its digital and wholesale channels, the latter of which includes partnerships with Nordstrom, Macys, Zappos and other retailers. The 11 Honor Collection, a private label capsule, will be available on Dia & Co. The acquisitions of Milk Makeup and Obagi will be funded by $345 million from Waldencasts IPO; $333 million from forward purchase agreements, of which $160 million comes from the sponsor; $105 million from a private investment in public equity, or PIPE, priced at $10 a share; and $475 million in rollover equity from Obagi and Milk Makeup. The software company positions itself as a solution for omnichannel management, with its products focusing on vendor management and product tracking, among other areas. Under the agreement, Lancer would put in $60 million in equity capital while Silver Point Capital would provide additional financing. With the United States already representing its largest market, Vestiaire Collective is expanding here further with its acquisition of rival Tradesy for an undisclosed amount. Walmart hadsnapped upthe online retailer in 2017 as part of its e-commerce push and seemed to largely left it alone. Arhaus on Nov. 3 announced the pricing of its IPO of 12.9 million shares of stock at $13 per share. The company acquired Selz in January, though Amazon did not provide a specific date for the acquisition. An effort to unload nine occupational workwear labels began a little over a year ago, and in April the company said itfound a buyerin holding company Redwood Capital Investments. On December 22, 2022, the Company's indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual property and certain related ancillary assets to RT IPCO,. As a result of the deal, a new parent company dubbed Hatch Collective was formed, led by Goldman. "We are excited to announce that Rona is once again an independent company headquartered in Boucherville, Quebec," Stefan Kaluzny, managing director of Sycamore Partners, said in a statement. As is typical for a SPAC-based IPO, Blackstones financial disclosures at press time were minimal, compared to the level required by the Securities and Exchange Commission in the leadup to a more traditional initial public offering. Fashion rental brand Rent the Runway confidentially filed papers with the Securities and Exchange Commissionfor an initial public offering. Best Buy announced that itentered into an agreementto acquire care-at-home tech platform Current Health. Mnml clothing will be sold via its website and through Culture Kings in the U.S. and Australia. Luxclusif will go on to operate Farfetchs Second Life platform and will integrate new and existing partners into the program. , an AI-powered digital ID and authentication company, for an undisclosed sum. Express and brand management firm WHP Global closed on their acquisition of Bonobos in May. Bonobos is delivering double-digit sales growth and we plan to continue that momentum while also realizing operating synergies and other economies of scale, Express CEO Tim Baxter said in an April announcement. Helen of Troy, which owns brands including Hydro Flask, Drybar and Hot Tools, on April 25 announced one of its subsidiaries had, acquired Curlsmith parent company Recipe Products. Arklyz, owner of The Athletes Foot, announced in late May that the company is acquiring Baltimore-based sneaker and streetwear retailer Shoe City. In stark contrast to rival department store company Nordstrom, which earlier this year outlined various ways itsmore closely integratingits full-price, off-price, offline and online operations, HBC is drawing distinctions. Hennings founder Lauren Chan joins Universal Standard as its head of brand partnerships. The social image sharing platform said the acquisition will help accelerate Pinterests vision for it to be the home of taste-driven shopping, per a press release. In light of the continued challenging macro environment and after careful consideration, we have made the difficult decision to exit the Rebecca Taylor business, Vince CEO Jack Schwefel, with analysts at the time. Rue Gilt Group currently has 1 million active buyers, and has experienced operating losses each year since its inception. As of mid-2021, the company reported $2 billion in gross merchandise value in the previous 12 months, according to a March research note from Wedbush analysts. Both the namesake department store and its New York-centric sibling will join Farfetchs e-commerce marketplace as well. After contemplating that offer and Sycamores, it decided to stay the current path as a whole company, with the difficult macro environment cited as the reason for not splitting. The retailer has said that Symbotics system would increase its capacity to receive and ship products to stores, as well as increase its inventory accuracy. Digital Brands, founded in 2013 (originally as Denim .LA), aims to make an advantage out of the long-time fragmentation of the apparel and fashion markets. The acquisition will provide eBay with capabilities like order fulfillment and cart optimization. Digital brands had closed on a $10 million public offering and taken on another $2.5 million in debt to help complete the acquisition just a few weeks prior. IP News | Intellectual Property industry news - IP Careers Kimberly-Clark which makes Kleenex, Kotex and Huggies acquired a majority stake in period underwear brand Thinx. in streetwear-focused news and cultural media site Highsnobiety, whose founder and CEO, David Fischer, will hold on to a minority stake. On Jan. 25, the brand announced it will. Later this year, Eastbays online presence will be folded into Champs website. By Oct. 7, a week later, shares had reached $26 each, putting its overall total value at over $16 billion. Amazon announced in August that it plans to acquire Roomba vacuum creator iRobot for around $1.7 billion. Vince Holding Corp. Announces the Sale of the Intellectual Property of Otherlands co-founders, Abigail Cook Stone and Sayyid Markar, will stay on at Curio. I am thrilled to officially welcome Quiet Logistics into the AEO Inc. portfolio, cementing a collaborative partnership that has meaningfully contributed to our financial results over the past 18 months,American Eagle Outfitters CEO Jay Schottenstein said in a statement. Atmos expands upon Foot Lockers positioning as well, with the retailer operating in the premium boutique streetwear market rather than Foot Lockers core athletics space. The deal is an all-cash transaction with a primary consideration of $40 million, subject to adjustments within a limit of $50 million. In 2015 the company entered into a joint venture that gave it the rights to Lagerfelds apparel and accessories in the North America market, and the following year it bought a 19% minority stake. Mininberg added that 60% of U.S. consumers have curly or textured hair, and prestige products that serve those needs are growing faster than non-textured hair products. Home furnishing retailer Arhaus in Octoberfiled for an initial public offering, with plans to list itself on the Nasdaq Global Select Market under the ticker symbol ARHS. The number of shares or price range have not yet been determined. In August, Adidas announced the search was over, with an agreement tosell Reebok to Authentic Brands Groupfor around $2.5 billion. for the DTC menswear brand in 2017. for an undisclosed sum. | March 26, 2023 The deal is expected to close by the end of the fourth quarter of fiscal 2022. Farfetchs $200 million investment in Neiman Marcus is a vote of confidence by a new-generation luxury player in a more traditional business, Saunders said. We are in the midst of a turnaround at Qurate Retail, Rawlinson said. Lowes in early November announced it entered into a definitive agreement to sell its Canadian business to private equity firm Sycamore Partners for $400 million in cash. The acquisition of Depop which has put down very deep roots in the resale market, especially among younger consumers in the UK and US, partly extends Etsys geographical reach and boosts its customer base, Saunders said in emailed comments. WSS will maintain its name and operate as a separate brand. for an undisclosed sum. As a result of the deal, a new parent company dubbed Hatch Collective was formed, led by Goldman. The companys system is designed to store, retrieve and dispense orders by using robots that move omnidirectionally without lifts or conveyors. The Izod brand is more than 80 years old, and Van Heusen more than a century. Kahn said the deal allows the company to deliver value to stockholders despite a challenging business environment and it also allows Franchise Group to continue its partnerships with high-quality franchisees, operators and financial institutions.. through a deal with Mudrick Capital Acquisition Corporation II, a special purpose acquisition company. The purchase amount was not disclosed. Were holding on to our shares because we think theres so much tremendous long-term value. It was a good first day; shares closed at just over $17. In its third quarter results in mid-December, Vince Holding reported $11.1 million in costs associated with the wind down of the Rebecca Taylor business. The business will be merged into Centrics accessories division, led by Jarrod Kahn, group president of accessories, the company also said. A.K.A. But no one stepped up to bid on BuyBuy Babys physical stores, which are on track to liquidate and close. The IPO is expected to raise $504 million at the high-end of the range, assuming the additional 3.9 million shares are purchased, but Honest Co. will pocket about $110 million of that since it is only offering 6.5 million of the shares. In taking full ownership of the label, G-III knows exactly what its in for. The acquisition of EMS and Bobs is a major step in our strategy to generate synergy between content, community, and commerce, GoDigital CEO Jason Peterson said in a press release. The companies announced June 22 that the regional department store, The warehouse-style apparel discounter had recently laid off hundreds of employees and warned the state of Pennsylvania that it. The athletic retailer also appointed a Foot Locker executive as the companys new chief operating officer and reiterated its expectation for the company to produce low double-digit sales growth annually. Product expansions are also on the horizon and could include items in camping, outdoor apparel and footwear. of borrowings under the 2018 Revolving Credit Facility. With the pandemic fueling a surge in health and wellness products, The Honest Co.filed for an IPOwith the Securities and Exchange Commission in early April, with a placeholder IPO target of $100 million. Sales have grown quickly, and so has debt which totals $766.8 million. Athleta, in a deal brokered by Gap Inc.s Strategic Growth Office, has joined specialist consumer fund IRIS in leading an $8 million series A funding round into Saysh. The startups co-founder and CEO, Leslie Voorhees Means, joined Davids Bridal to lead the implementation of new strategic initiatives as part of the deal. FullBeauty Brands, a conglomerate of plus-size apparel labels and retailers, in April said it would, The plus-size brand is yet another to be off-loaded by Walmart in recent years, undoing an acquisition spree of various e-commerce businesses that began in 2016. Vince Holding is finalizing its wind down of Rebecca Taylor, which was originally announced last year.