Authentic Brands Group makes a successful $340 million bid for Nine West Holdings. Under the terms of the agreement, ABG will control all licensing partnerships and marketing plans for both the Nine West and Bandolino brands. Marc Fisher Footwear will operate the business’ operations and Signal Products will oversee the handbag and SLG businesses.
Perry Ellis Intl. is going private under a definitive merger agreement valued at approximately $437 million with a newly formed entity controlled by George Feldenkreis, Perry Ellis’ founder and a member of its Board of Directors. In a statement, CEO Oscar Feldenkreis cited the need for the company to make “long term investments in brands, technology and innovation.” Following the transaction’s close, Oscar will continue to lead as CEO and his father, George, will return to an active role in the management of the company.
Concept One Accessories purchases the Ful brand from Sequential Brands. The brand was launched in partnership with Justin Timberlake in 2006 in Memphis. Concept One has been the global master license for Ful luggage and accessories since Nov. 2014; according to the company, Ful sales have been growing 250% every year for the last three years.
After purchasing Gilt Groupe for $250 million in 2016, Hudson’s Bay Co. (HBC) agrees to sell the flash-sale website to Rue La La. Kynetic, which owns Rue La La as well as sports-focused ecommerce site Fanatics, has been courting the brand for nine years. Apparently, it also paid significantly less than HBC did, according to the NY Post. The combined group, Rue Gilt Groupe, is expected to grow to more than $1 billion in annual sales in the next couple of years.
Fashion designer-turned-artist Miguel Adrover is considering selling his signature label, according to WWD. Known for his work in the ’90s New York fashion scene, his name apparently signals “upcycling, sustainability, organic production, environmentalism and social consciousness.”
C&F Enterprises acquires TAG (Trade Associates Group), which will continue to operate as a stand-alone company. TAG complements C&F’s market presence in seasonal, gift, textiles and home décor while also adding expertise in tabletop and decorative kitchen products.
Quirky footwear company Irregular Choice is bringing Disney’s Toy Story to shoes, bags, purses, and tights following collaborations with Star Wars and Cinderella.