On April 25, 2017, LVMH Moët Hennessy Louis Vuitton SE announced plans to fold Christian Dior Couture into LVMH in a two-part transaction worth about 12.1 billion euros or $13.2 billion. Christian Dior SE, a company listed on Euronext Paris, is 74 percent owned (directly and indirectly) by Bernard Arnault’s Groupe Arnault with the remaining […]

On April 24, 2017, Jimmy Choo, PLC (“Jimmy Choo”) announced that it is seeking offers for the company. Jimmy Choo shares are listed on the London Stock Exchange and shortly after the announcement they rose 11 percent before closing at a record 186.50 pence resulting in a market capitalization for the British shoe maker of […]

On October 4, 2016, it was announced that French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE (“LVMH”) is acquiring an 80 percent  stake in German luggage company RIMOWA from Dieter Morszeck, RIMOWA CEO and grandson of the founder, for €640 million ($716 million). With estimated revenues of €400 million in 2016, LVMH is paying a […]

On July 27, 2016, Women’s Wear Daily (WWD) reported that Qatari investment fund Mayhoola for Investments now owns 100 percent of Pal Zileri’s parent company Forall Confezioni SpA. Around the same time, Milan-based Pal Zileri announced that CEO Paolo Roviera and General Merchandising Manager Stefano Gaudioso Tramonte were leaving the company. In 2014, Mayhoola had […]

On June 21, 2016, Investcorp, a Bahrain-based manager of alternative investment products, announced an agreement with the Corneliani family to acquire a majority stake in their luxury Italian menswear company for an enterprise value of approximately $100 million. The Mantua-based company recorded revenues of €120 million ($147 million) in 2015. Chairman and CEO Carlalberto Corneliani, […]

On June 22, 2016, it was announced that the Parisian fashion house Balmain was acquired in whole by Mayhoola for Investments, a Doha-based investment group with ties to Qatar’s royal family. The deal is said to have valued Balmain at nearly €500 million, implying a steep valuation of ~4.1x revenues or ~14x earnings before interest, […]