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Tag: acquires

  • Fast-Fashion Titan Shein Acquires Everlane in $100M Deal: A New Dawn in US Apparel Retail

    Fast-Fashion Titan Shein Acquires Everlane in $100M Deal: A New Dawn in US Apparel Retail

    Fast-fashion digital platform, Shein, is set to acquire Everlane from its predominant owner, L Catterton, in a transaction that estimates the US-based clothing retailer at roughly US$100 million. As part of the agreement, those possessing common stock in Everlane will not receive a payout, with no details disclosed regarding whether preferred shareholders will be compensated with cash or Shein shares.

    Disrupting the Retail Landscape

    Companies such as Shein and Temu have significantly disturbed the local retail sector, employing aggressive pricing, strategic marketing, and capitalising on tax loopholes. These tactics originally provided them with a substantial advantage over their local competitors.

    Reports surfaced in March that private equity firm L Catterton, along with Everlane CEO Alfred Chang, were on the lookout for an investor to alleviate their approximately $90 million debt. The private equity company expressed a willingness to contribute further funds if a co-investor was found. However, they also remained open to the possibility of a sale.

    Questions & Answers

    What is the estimated worth of the US-based retailer Everlane in the proposed acquisition by Shein?
    The acquisition by Shein values Everlane at about US$100 million.

    What impact have brands like Shein and Temu had on the local retail landscape?
    Shein and Temu have significantly disrupted the local retail industry through aggressive pricing, strategic marketing, and exploiting tax loopholes.

    What was the financial situation of Everlane and L Catterton prior to the acquisition?
    Before the acquisition, L Catterton and Everlane’s CEO Alfred Chang were seeking an investor to manage their approximately $90 million debt.

  • Grab Acquires Foodpanda Taiwan in $600M Deal: A Bold Leap in Global Expansion Strategy

    Grab Acquires Foodpanda Taiwan in $600M Deal: A Bold Leap in Global Expansion Strategy

    In an ambitious move towards global expansion, Grab, Southeast Asia’s leading ride-hailing and delivery company, has announced its first venture beyond its home territory. The Singapore-based firm will acquire the Taiwan branch of Delivery Hero’s Foodpanda service in a cash transaction amounting to $600 million.

    Acquiring a Strong Foothold in Taiwan

    By acquiring Foodpanda Taiwan, Grab gains a significant operational presence outside of Southeast Asia. This acquisition is seen as a strategic part of Grab’s broader expansion plan, which is primarily focused on artificial intelligence, introducing new services, and making selective overseas deals.

    Grab’s group CEO and co-founder, Anthony Tan, believes that the company’s vast experience in the Southeast Asian market will be a perfect match for the Taiwanese market. “This is a natural next step for Grab,” he said.

    Deal Details and Future Prospects

    The expected completion of the deal, which is subject to regulatory approval and other closing conditions, is slated for the latter half of 2026. The venture is anticipated to contribute at least $60 million in incremental adjusted core earnings (EBITDA) by 2028.

    In Taiwan, Foodpanda generated around $1.8 billion in gross merchandise value in 2025 and was profitable before Delivery Hero group cost allocations.

    Earlier this year, it was reported that Grab has set targets for its revenue growth, aiming for more than 20% annually over the next three years. The company also plans to triple its EBITDA to $1.5 billion by 2028.

    Grab also reaffirmed its 2026 adjusted EBITDA guidance of $700 million to $720 million. The acquisition is projected to enhance its 2026 group revenue forecast, which currently stands between $4.04 billion and $4.10 billion.

    The company plans to complete the migration of users, merchants, and drivers to the Grab application by early 2027.

    Delivery Hero’s Strategic Move

    The CEO of Delivery Hero, Niklas Oestberg, stated that the sale of the Taiwan branch is a crucial first step in reviewing the group’s activities strategically. The proceeds from the deal will be used to pay off the company’s debts.

    Despite facing criticism from shareholders, most notably Aspex Management, for the company’s perceived slow progress in strategic review and a near one-third decrease in share value, Delivery Hero’s shares rose nearly 11% following the announcement of the deal.

    Aspex Management released a statement saying that while divesting assets is a positive step, more needs to be done for Delivery Hero to regain trust from capital markets, particularly as it continues to accumulate regulatory fines and inefficiently manage capital.

    Questions & Answers

    What will be the value of the acquisition deal between Grab and Foodpanda Taiwan?
    Grab will pay $600 million in cash to acquire Foodpanda Taiwan.

    When is Grab expected to complete the migration of users, merchants, and drivers to its app?
    The migration process is expected to be completed by early 2027.

    What will be the use of the proceeds from the sale of Foodpanda Taiwan?
    Delivery Hero plans to use the proceeds from the sale to repay its debts.

  • CTG Duty Free Acquires DFS: LVMH’s Strategic Luxury Retail Sale Boosts China’s Travel Market

    CTG Duty Free Acquires DFS: LVMH’s Strategic Luxury Retail Sale Boosts China’s Travel Market

    Global luxury travel retailer DFS, which is owned by LVMH and Robert Miller, DFS’ co-founder and shareholder, has revealed they are set to sell their retail business across Greater China to the China Tourism Group (CTG) Duty Free. According to the agreement, CTG Duty Free is set to acquire businesses in Hong Kong, Macau, and Greater China.

    Acquisition of DFS Brands

    Aside from acquiring businesses, CTG Duty Free will also obtain a variety of DFS brands and intellectual properties exclusively for usage across Greater China. The proceeds from this transaction will be received in cash. Post-transaction, DFS will maintain operations of its other luxury travel retail businesses worldwide.

    Luke Chang, executive director and president of CTG Duty Free, shared that this move is expected to broaden the service network of CTG Duty Free across the Greater Bay Area. The goal is to establish a platform for promoting China-influenced brands globally while setting up an international business mid-platform.

    Chang also emphasized CTG Duty Free’s commitment to provide superior travel retail experiences to both domestic and international tourists. This aligns with their responsibility as a central state-owned enterprise-controlled listed company to facilitate the high-quality development of the retail economy in Hong Kong and Macau.

    A Significant Step for DFS

    DFS has described the sale as a significant step for the company. Ed Brennan, chairman and CEO of DFS, stated that the company is proud of its well-established presence and operational excellence in Hong Kong and Macau. The DFS shopping experience is expected to improve and progress with the fresh skills and perspectives that CTG Duty Free will introduce.

    Michael Schriver, president of LVMH for North Asia, expressed that the move highlights LVMH’s confidence in the long-term potential of the Chinese market. The transaction is anticipated to be finalized in approximately two months.

    Questions & Answers

    What is the agreement between DFS and CTG Duty Free about?
    The agreement is about the sale of DFS’ retail business across Greater China to CTG Duty Free.

    What will CTG Duty Free acquire from DFS?
    CTG Duty Free will acquire businesses in Hong Kong, Macau, and Greater China as well as a series of DFS brands and intellectual properties for exclusive use in Greater China.

    What will be the impact of this transaction on DFS?
    After the transaction, DFS will continue to operate its other luxury travel retail operations worldwide. The sale is seen as an important step for DFS and is expected to enhance the shopping experience they offer with new skills and perspectives from CTG Duty Free.

  • Joy Group Enhances Global Beauty Portfolio With Strategic Acquisition Of Italian Haircare Brand Foltène

    Joy Group Enhances Global Beauty Portfolio With Strategic Acquisition Of Italian Haircare Brand Foltène

    Joy Group, a multi-brand beauty corporation, has recently publicized its successful acquisition of Foltène, an Italian dermatological haircare brand. Renowned for its science-backed product design and innovation, Foltène utilizes two proprietary active complexes, namely Tricosaccaride and Tricalgoxyl. These ingredients are utilized to create products proven clinically to bolster thicker and fuller hair.

    The Scope of Global Acquisition

    The global acquisition extends to include Foltène’s brand assets, international distribution network, supply chain mechanisms, and its research laboratory situated in Italy. This critical business move bolsters Joy Group’s “multi-brand, multi-category, and international” business approach, paving the way for a comprehensive portfolio inclusive of colour cosmetics, hair care, and skincare products.

    Synergies and Growth

    The integration of Foltène into Joy Group’s portfolio is projected to generate robust synergies with the corporation’s existing brands. This strategic move will catalyze Joy Group’s sustained growth and innovation in the global beauty market. The company expressed optimism about the potential of this acquisition to enhance their position and stimulate further development in the international beauty landscape.

    Questions & Answers

    What is Foltène recognized for?
    Foltène is a renowned Italian dermatological haircare brand, recognized for its science-backed product design and innovation. The brand uses two proprietary active complexes, Tricosaccaride and Tricalgoxyl, to create products that promote thicker and fuller hair.

    What assets are included in Joy Group’s acquisition of Foltène?
    The acquisition includes Foltène’s brand assets, its global distribution network, supply chain systems, and research laboratory located in Italy.

    What impact will the acquisition of Foltène have on Joy Group?
    The acquisition is expected to generate robust synergies with Joy Group’s existing brands, driving the corporation’s sustained growth and innovation in the global beauty market. This strategic move will allow Joy Group to bolster its comprehensive portfolio of color cosmetics, hair care, and skincare products.

  • Blue Sky Drinks Acquires Top Shelf International Assets, Ushering In New Era For Australian Beverage Industry

    Blue Sky Drinks Acquires Top Shelf International Assets, Ushering In New Era For Australian Beverage Industry

    Blue Sky Drinks has recently expanded its portfolio by purchasing the assets of Top Shelf International Holdings. These acquisitions include local spirits such as Ned Australian Whisky and Grainshaker, as well as the ready-to-drink (RTD) firm, Gravity Drinks Co.

    Background of Gravity Drinks Co

    Established in 2022, Gravity Drinks Co owes its success to the combined efforts of Mick Spencer, Liam Battye, and a team of professional athletes. The company has effectively penetrated the domestic market, establishing a solid customer base with support from key industry partners including Endeavour Group, Coles Liquor, and various independent venues.

    Changes in Leadership

    The acquisition comes with a leadership reshuffle. Mick Spencer will now serve as the executive chair of Blue Sky, while Greg Mitchell will take on the roles of CFO and COO. Other key appointments include David Ward as GM of sales and marketing, and Liam Battye as head of operations.

    Additionally, Ray Noble, a seasoned executive with leadership experience at Beam Suntory and a past MD role at Sazerac Australia, will join the board as a non-executive director.

    A New Chapter for Blue Sky Drinks

    Reflecting on this latest acquisition, Mick Spencer expressed optimism. He said, “By merging Gravity with some of Australia’s leading spirits and RTD brands, we are creating a different type of beverage company. One that is proudly Australian-owned and -made, and is poised for a bright future.”

    He added that the company now has stronger financial support, more ambitious goals, and a renewed commitment to prioritizing customers, suppliers, and the continued success of its brands.

    Continued Partnerships

    Blue Sky Drinks plans to retain its manufacturing partnership with beverage producer IDL. The company will also continue distributing its products through its extensive network of over 5,000 independent retailers, venues, and partners, including Endeavour Group and Coles Liquor.

    Commenting on the company’s future prospects, Ray Noble said, “The Blue Sky portfolio of Ned, Grainshaker, Act of Treason, Golden Bickie and Gravity combines local craftsmanship with fresh, modern energy that is ready to be harnessed.”

    He added that the new team possesses the expertise, passion, and entrepreneurial spirit needed to elevate these brands to greater heights, expressing his excitement to be part of this journey.

    The completion of the transaction is projected to take place in four weeks. During this period, suppliers and customers seeking additional information should contact Blue Sky Drinks Co or the administrators of Top Shelf International, McGrathNicol.

    Questions & Answers

    Who are the new leaders at Blue Sky Drinks following the acquisition?
    Mick Spencer is the new executive chair, Greg Mitchell is the CFO and COO, David Ward is the GM of sales and marketing, Liam Battye is the head of operations, and Ray Noble is joining the board as a non-executive director.

    What assets has Blue Sky Drinks acquired from Top Shelf International Holdings?
    Blue Sky Drinks has acquired local spirit brands Ned Australian Whisky and Grainshaker, as well as the RTD company, Gravity Drinks Co.

    What are Blue Sky Drinks’ plans post-acquisition?
    Blue Sky Drinks will continue production with beverage manufacturer IDL and maintain distribution through more than 5000 independent retailers, venues, and partners. The company also aims to take its brands to the next level with the new team’s expertise, passion, and entrepreneurial spirit.

  • V2food Acquires Daring Foods, Forms Alliance With Ajinomoto In Global Expansion Move

    V2food Acquires Daring Foods, Forms Alliance With Ajinomoto In Global Expansion Move

    V2Food, an Australian alternative meat company that emphasizes plant-based products, has made a significant stride in its worldwide expansion by acquiring Daring Foods, a company based in the United States, and forming a strategic alliance with Ajinomoto, a renowned Japanese food conglomerate.

    According to V2Food, this deal integrates its proprietary protein technology with Daring’s robust retail footprint in the U.S. and Ajinomoto’s extensive global reach and food science expertise that spans over a century.

    Merging Technological Capabilities

    Tim York, the CEO of V2Food, commented on the newly formed partnership. He believes that merging their technological prowess with Ajinomoto’s global scale and profound knowledge in food science, as well as Daring’s tested market triumph, will result in an influential platform for sustainable nutrition. This platform will not undermine the taste or quality of the food.

    Daring, which currently ranks as the top unbreaded plant-based chicken brand in the U.S., will maintain its brand name and operations. The acquisition, however, enables the brand to serve as a springboard for the introduction of V2Food’s products to the American market.

    Key Roles of Ajinomoto

    Ajinomoto will play a crucial role in expanding the business on an international scale, concentrating on Asia and Africa. These regions are currently witnessing a surge in demand for accessible and sustainable protein sources.

    Shigeo Nakamura, the president and CEO of Ajinomoto, spoke about the strategic association between Ajinomoto and V2Food. He emphasized the mutual dedication of both companies to revolutionizing the global food system through innovation, sustainability, and co-creation in technology and business development. All these efforts are geared towards contributing to the well-being of individuals, society, and our planet.

    Future Plans

    Both companies plan to introduce clean-label products to the market, including a line of frozen meals. These products are aimed at meeting the consumer demand for healthier, more natural plant-based options. V2Food’s technology features methylcellulose-free formulations and an innovative use of algae for colour.

    Questions & Answers

    What is the significance of V2Food’s acquisition of Daring Foods and partnership with Ajinomoto?
    Answer: These strategic steps mark a major milestone in V2Food’s global expansion, combining V2Food’s protein technology with Daring’s established US market presence and Ajinomoto’s extensive food science expertise and global reach.

    What role will Ajinomoto play in this partnership?
    Answer: Ajinomoto will help scale the business internationally, with a primary focus on Asia and Africa where the demand for accessible and sustainable protein sources is on the rise.

    What future plans do the companies have?
    Answer: The companies plan to launch clean-label products, including a frozen meal line, to meet the consumer demand for healthier, more natural plant-based options. Additionally, they will make use of V2Food’s innovative technology that involves methylcellulose-free formulations and algae-based colouring.

  • Jack Link’s Acquires Kooee! Snack Foods In Strategic Expansion Into Anz Meat Market

    Jack Link’s Acquires Kooee! Snack Foods In Strategic Expansion Into Anz Meat Market

    Jack Link’s, the renowned meat snack company, has recently expanded its reach in the Australia and New Zealand (ANZ) region by acquiring Kooee! Snack Foods, a popular meat snack brand based in Tasmania. Effective immediately, the deal incorporates Kooee!, celebrated for its clean-label, grass-fed beef sticks, into the Link Foods Apac collection, which is Jack Link’s regional division headquartered in Australia.

    Integration and Expansion

    As a result of the acquisition, Kooee! will be integrated into Link Foods’ operations, thereby benefiting from increased production capabilities, wider distribution, and enhanced research and development opportunities. However, the brand will retain its unique identity and the integrity of its products.

    Shannon O’Connell, Managing Director of Link Foods Apac, lauded Kooee!’s brand attributes. He stated, “Kooee! possesses a brand personality that excellently mirrors the present-day snacking preferences of consumers – natural, rich in protein, and created with integrity. Its dedication to quality and clean ingredients is unparalleled and we consider this a significant addition to our expanding portfolio in Apac.”

    Strategic Acquisition

    This acquisition is a strategic move by Jack Link’s to invest in high-growth, health-conscious brands within the $15 billion global meat snacks market. It signifies the company’s commitment to providing healthier snacking alternatives to consumers.

    Kooee!, established by former consultants Shaun Malligan and Andy Fist in 2015, offers its products in Woolworths, Coles, and major health retailers across the country. The brand’s reputation for clean, high-quality ingredients aligns perfectly with Jack Link’s commitment to delivering wholesome, satisfying snacks.

    Questions & Answers

    What is the significance of Jack Link’s acquiring Kooee! Snack Foods?
    The acquisition signifies Jack Link’s strategic move to invest in high-growth, health-conscious brands to expand its portfolio in the global meat snacks market.

    What changes should Kooee! expect following the acquisition?
    Kooee! will be integrated into Link Foods’ operations, gaining increased production capabilities, wider distribution, and enhanced research and development opportunities.

    Will Kooee! maintain its brand identity after the acquisition?
    Yes, despite the acquisition, Kooee! will retain its distinct brand identity and the integrity of its products.

  • Li & Fung Acquires Uk’s Orrsum In Strategic Move Towards Platform-based Growth

    Li & Fung Acquires Uk’s Orrsum In Strategic Move Towards Platform-based Growth

    Renowned supply chain management firm, Li & Fung, headquartered in Hong Kong, has recently announced the acquisition of Orrsum, a prominent UK-based supplier specializing in hosiery and underwear. The financial details of the deal remain undisclosed at this point.

    Orrsum’s Stature and Future Plans

    Established in 1998, Orrsum has an impressive record of producing more than 50 million pairs of socks annually, distributing to over 5,000 retail outlets on a global scale. The company’s reputation is solidly backed by its product expertise, innovative development model, and robust customer relationships.

    As part of the acquisition agreement, Orrsum will continue to operate under the umbrella of Li & Fung Europe. The leadership will remain unchanged with William Orr at its helm. It aims to capitalize on Li & Fung’s advanced AI-driven digital infrastructure and expansive sourcing network spread across 40 economies. This strategic move is expected to enhance supply chain agility, facilitating entry into new markets and channels.

    Significance of the Acquisition

    Destan Bezmen, who serves as the president of Europe, emphasized that this acquisition is a critical move in the company’s expansion strategy. He expressed confidence that integrating Orrsum’s category leadership and product development capabilities with Li & Fung’s digital infrastructure and global reach will enable them to scale high-demand categories. Furthermore, it will expand their customer offerings and lead to faster, more flexible execution across different markets.

    This agreement signifies Li & Fung’s first acquisition in more than 10 years and the maiden one since it turned private in 2020. The company shared that this transaction is a part of its strategic shift towards platform-based growth. This new direction places a strong emphasis on scalable product categories, digital integration, and the development of resilient supply chain solutions.

    Li & Fung has previously partnered with US apparel brand, Sanctuary, in October of last year. This collaboration aimed at the creation and distribution of a new women’s denim line under a licensing agreement.

    Questions & Answers

    What is the significance of Li & Fung’s acquisition of Orrsum?
    This acquisition marks a critical step in Li & Fung’s expansion strategy, allowing the company to scale high-demand categories, broaden customer offerings, and facilitate faster, more flexible execution across markets.

    How will Orrsum operate following the acquisition?
    Orrsum will continue its operations under Li & Fung Europe and maintain its existing leadership led by William Orr. The company will leverage Li & Fung’s AI-enabled digital infrastructure and extensive sourcing network to boost its supply chain agility and facilitate expansion into new markets and channels.

    What is the strategic shift Li & Fung is aiming for with this acquisition?
    The acquisition is part of Li & Fung’s strategic pivot towards platform-based growth, focusing on scalable product categories, digital integration, and the development of resilient supply chain solutions.

  • Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall Acquires Asian Grocer Online: A Strategic Leap In Multicultural Grocery Sector

    Umall, an Australian e-commerce platform, recently announced its acquisition of Asian Grocer Online (AGO) in a bid to expand its presence in the multicultural grocery sector.

    Strategic Acquisition

    This acquisition represents a significant development in Umall’s ongoing expansion efforts. The company refers to this move as a “key milestone” in its growth trajectory. As part of this acquisition, AGO’s website is currently unavailable due to system enhancements. However, the company is working towards launching a fully refurbished, unified platform that combines the strengths of both brands.

    Expanding Reach

    With the integration of AGO’s category expertise and dedicated customer base, Umall aims to solidify its leadership position in the multicultural grocery space. The company intends to broaden its reach across Australia, providing a more diverse range of products to its customers.

    New Online Asian Supermarket

    The acquisition of AGO comes on the heels of Umall’s recent launch of a new online Asian supermarket. This venture seeks to provide a broader array of culturally diverse products, all delivered straight to customers’ homes.

    Investments in Technology

    Umall attributes much of its rapid growth to its significant investments in advanced technologies such as AI, automation, and robotics. The company maintains that these technologies have enabled it to provide faster, fresher, and more efficient service in comparison to traditional retailers.

    Questions & Answers

    What does Umall’s acquisition of AGO indicate?
    This acquisition suggests Umall’s strategic plan to extend its influence in the multicultural grocery sector and solidify its leadership position.

    What is the plan following the acquisition?
    The current plan is to launch a fully revamped, unified platform that leverages the strengths of both Umall and AGO. This integrated platform aims to provide a wider array of culturally diverse products.

    What has contributed to Umall’s rapid growth?
    Umall attributes a significant part of its rapid expansion to its substantial investments in AI, automation, and robotics. These technologies, according to the company, allow it to provide faster and more efficient service than traditional retailers.