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M & A

Coach acquires Kate Spade for $2.4 billion to tap into its strong millennial market

Coach, Inc. announced it has signed a definitive agreement to acquire Kate Spade & Company for $2.4 billion. Under the terms of the transaction Kate Spade shareholders will receive $18.50 per share in cash for a total transaction value of $2.4 billion, and Kate Spade will function as an independent brand. The merger will combine the two brands, creating a …

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LVMH acquires Christian Dior Couture in $13 billion deal

In a $13 billion deal, LVMH has announced it will acquire Christian Dior Couture from Christian Dior SE. The two-part agreement will merge the entire Christian Dior brand into LVMH’s fashion and leather goods division. In the first part of the deal, Groupe Arnault, the family office and personal investment arm of LVMH chairman and CEO, Bernard Arnault and his family, …

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L Catterton merges Seafolly and Maaji in $38 million beachwear deal

L Catterton Asia, the Asian branch of  L Catterton, has acquired Colombian swimwear brand, Maaji, and merged it with its Australian portfolio swimwear brand, Seafolly in a $38 million deal. L Catterton Asia will take a 61 percent controlling stake of the combined group, named Swimwear Holding Co., making the firm the governing shareholder, WWD reports. Seafolly and Maaji will each take …

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Wal-Mart acquires ModCloth in effort to compete with Amazon

Big box retailer Wal-Mart, recently announced its purchase of online women’s retailer ModCloth. The company has not released the price of the deal, but according to BoF, the acquisition price is in the same range as Wal-Mart’s previous two purchases of Shoebuy for $70 million and Moosejaw for $51 million. Wal-Mart’s intent with this venture is to support its strategy of acquiring smaller online …

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