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 … [Read more...] about M&A Watch: Fashion Forward
Mergers & Acquisitions
Experiential, Content & Alternative Initiatives
FC Barcelona is ending its 17-year partnership with Nike where it ceded its retail and licensing rights to FCBMerchandising. The football club forms a new company to manage its retail, licensing, and merchandising activity. The newly formed Barça Licensing and Merchandising will take over its rights on July 1 and oversee a $77 million merchandising business spanning three of … [Read more...] about Experiential, Content & Alternative Initiatives
M&A & Restructuring
Newell Brands continues its restructuring efforts under an expanded accelerated transformation plan, which includes the divesting of two more brands and applying all after-tax proceeds (an estimated $10 billion) from its divestitures to debt. Jostens and Pure Fishing are added to the chopping block along with non-core businesses Rubbermaid Commercial Products, Rubbermaid … [Read more...] about M&A & Restructuring
M&A & Legal
Striker Entertainment strikes a first-look television development deal with Blumhouse Television. Striker will join Blumhouse in developing franchises around existing brands, video games, and consumer products—including a potential film based on indie horror video game Five Nights at Freddy's. Adaptive Studios acquires the Zane Grey literary estate. The media venture plans to … [Read more...] about M&A & Legal
M&A & Bankruptcy
Nine West Holdings files for bankruptcy, listing debts of approximately $1.5 million. The apparel, jewelry, and jeanswear company is planning sell its flagship brand, Nine West, to Authentic Brands Group. It will also sell its Bandolino brand and reorganize around other businesses, including the Anne Klein name. MGA Entertainment CEO Isaac Larian makes his move, submitting a … [Read more...] about M&A & Bankruptcy
M&A, Experiential & Legal
Universal Brand Development and Film Concerts Live! launch Jurassic World in Concert; the world premiere features the National Symphony Orchestra performing the complete Jurassic World score live as the 2015 movie is projected in HD onto a massive screen. The opening night will take place on May 30 with a special concert at the Kennedy Center in Washington D.C. This is a … [Read more...] about M&A, Experiential & Legal
M&A & Experiential
American households are loading up on credit card debt, according to data from the Federal Reserve and a related study by WalletHub. By the end of 2017, credit card debt in the U.S. reached $1.01 trillion, beating out the previous record of $984 billion at the end of 2008 and the start of 2009, the tipping point of the Great Recession. Just this past holiday season, WalletHub … [Read more...] about M&A & Experiential
M&A: Toys & Entertainment Edition
Ubisoft acquires 1492 Studio, a French video game development house specializing in free-to-play episodic and interactive stories on mobile. eOne buys out the remaining 49% stake in The Mark Gordon Co. that it didn't already own in a deal worth $209 million. As part of the deal, founder Mark Gordon joins eOne as Chief Content Officer. Spin Master acquires plush manufacturer … [Read more...] about M&A: Toys & Entertainment Edition
Retail Sales, Partnerships & M&A
The U.S. Commerce Department released its first estimate for Q4 GPD, which increased at an annualized rate of 2.6%—and consumer spending, which was up by 3.8% and saw its fastest growth rate in over a year. A successful holiday season, however, means that retailers are also having trouble restocking shelves. A report from the Wall Street Journal suggests that businesses are … [Read more...] about Retail Sales, Partnerships & M&A
HBA Gets Fashionable
Licensed consumer goods based on fashion brands generated $21.45 billion worth of retail sales in the U.S./Canada in 2016—HBA goods accounted for $2.55 billion's worth of that. This year, we can expect to see more competition in the HBA space from home-brewed brands (the types of which would have been obvious picks for licensing in prior years) and new, innovative extensions … [Read more...] about HBA Gets Fashionable