Blog: M&A speculation continues
Petah Marian | 3 April 2012
The M&A rumour mill continued apace last week, with suggestions that department store operator Sears has been in discussions with a number of private-equity firms to sell its Lands' End brand, and speculation that South Korean conglomerate E-Land is preparing a US$1.8bn bid for footwear company Collective Brands.
Meanwhile, there have been reports over the weekend that Liz Claiborne Inc has been in talks with private-equity firms over taking the company private.
A deal that was not mere speculation was Wacoal's acquisition of UK lingerie firm Eveden. Wacoal announced the acquisition of the Northamptonshire-based owner of the Fantasie, Freya, Huit, Fauve, Elomi and Godess brands for GBP148m on Friday.
One company looking to deflect attention last week was H&M. While the retailer plans to launch a new chain during 2013, it remained coy about the details of the new brand, aside from the fact that it will open in a European city, and will sit in a higher price segment than its current labels. The announcement came as the world's second largest clothing retailer reported an increase in net profit and sales over the fourth quarter, but admitted that margins fell as the company maintained its prices despite rising input costs.
Meanwhile, just-style's managing editor, Leonie Barrie, attended the Prime Source Forum in Hong Kong last week. Rising costs, finding capable capacity, new sourcing locations and collaboration across the supply chain were key topics at the event. just-style has pulled together some of the best quotes from Prime Source in two articles, but there will be more on the site from this event later in the week.
In the UK, the government launched the "Portas-Plus" plan, in response to retail guru Mary Portas' high street review. The plan will see a series of funds opened to regenerate high streets. The response to the plan was mixed, with the British Retail Consortium's director of business, Tom Ironside, saying he was concerned the government "hasn't yet matched her level of ambition with its response".
This article was originally published on 2 April.
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Does a hard Brexit mean hard times for UK fashion?
- Vietnam grows share of US apparel imports in 2016
- Key trade issues facing US textiles and apparel
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Ralph Lauren new execs to support Way Forward Plan
- Sales at US clothing retailers jumped in January
- Li & Fung dropped from Hang Seng Index
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar