M&A Deal Summary

Bluestar Alliance Acquires Off-White

On September 30, 2024, Bluestar Alliance acquired apparel/textiles company Off-White from LVMH

Acquisition Highlights
  • This is Bluestar Alliance’s 3rd transaction in the Apparel/Textiles sector.
  • This is Bluestar Alliance’s 1st transaction in Italy.

M&A Deal Summary

Date 2024-09-30
Target Off-White
Sector Apparel/Textiles
Buyer(s) Bluestar Alliance
Sellers(s) LVMH
Deal Type Divestiture

Target

Off-White

Milan, Italy
Off-White specializes in high-end streetwear, offering products including clothing, footwear, accessories, and jewelry. Off-White was founded in 2013 and is based in Milan, Italy.

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Buyer(S) 1

Buyer

Bluestar Alliance

New York, New York, United States

Category Company
Sector Apparel/Textiles
DESCRIPTION

Bluestar owns, manages, and markets a portfolio of consumer brands that span across many tiers of distribution from luxury to mass market.


DEAL STATS #
Overall 5 of 7
Sector: Apparel/Textiles M&A 3 of 4
Type: Divestiture M&A Deals 2 of 3
Country: Italy M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Scotch & Soda

Hoofddorp, Netherlands

Scotch & Soda is a designer, marketer, wholesaler and retailer of contemporary casual apparel for men, women and children. Scotch & Soda's clothing lines include shirts, polos, sweaters, pants, jeans, shorts, blouses and skirts for women, men, boys and girls. Scotch & Soda also sells accessories and has its own fragrance, Barfly. Products are distributed in 39 countries through approximately 5,000 department and other third party specialty retail stores, franchised retail locations and company-owned stores. Scotch & Soda was founded in 1985 and is based in Hoofddorp, Netherlands.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-11 Palm Angels

Miami, Florida, United States

Palm Angels is a luxury streetwear brand known for its stylish and trendy clothing, accessories, and footwear. Palm Angels offers a wide range of products, including jackets, hoodies, pants, shirts, and more, often featuring unique designs and high-quality materials. Palm Angels was founded in 2011 and is based in Miami, Florida.

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Seller(S) 1

SELLER

LVMH

Paris, France

Category Company
Founded 1923
Sector Consumer Products
Employees200,518
Revenue 84.7B EUR (2024)
DESCRIPTION

LVMH is a global luxury goods conglomerate. The Company operates across five major sectors: fashion and leather goods, wines and spirits, perfumes and cosmetics, watches and jewelry, and selective retailing. Founded in 1987 through the merger of Louis Vuitton and Moët Hennessy, LVMH owns more than 75 prestigious brands, including Dior, Fendi, Bulgari, TAG Heuer, and Sephora. LVMH was founded in 1923 and is based in Paris, France.


DEAL STATS #
Overall 4 of 4
Sector: Apparel/Textiles M&A 2 of 2
Type: Divestiture M&A Deals 4 of 4
Country: Italy M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 Orest

Erstein, France

Orest creates and manufactures Jewellery. Orest was founded in 1963 and is based in Erstein, France.

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