M&A Deal Summary

Centric Brands Acquires Global Brands Group Holding - North American Division

On June 27, 2018, Centric Brands acquired apparel/textiles company Global Brands Group Holding - North American Division from Global Brands Group for 1.4B USD

Acquisition Highlights
  • This is Centric Brands’ 4th transaction in the Apparel/Textiles sector.
  • This is Centric Brands’ largest (disclosed) transaction.
  • This is Centric Brands’ 1st transaction in China.

M&A Deal Summary

Date 2018-06-27
Target Global Brands Group Holding - North American Division
Sector Apparel/Textiles
Buyer(s) Centric Brands
Sellers(s) Global Brands Group
Deal Type Divestiture
Deal Value 1.4B USD

Target

Global Brands Group Holding - North American Division

China
Global Brands Group Holding Ltd. - North American Division comprised of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.

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Buyer(S) 1

Buyer

Centric Brands

New York, New York, United States

Category Company
Founded 1987
Sector Apparel/Textiles
Revenue 597M USD (2018)
DESCRIPTION

Centric Brands is a design, development, production, and marketing of apparel products. Centric Brands was founded in 1987 and is based in Commerce, California.


DEAL STATS #
Overall 4 of 6
Sector (Apparel/Textiles) 4 of 6
Type (Divestiture) 1 of 2
Country (China) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Swims AS

Oslo, Norway

Swims AS is a lifestyle brand best known for its range of fashion-forward, water-resistant footwear and sportswear that artfully balances performance, comfort and style. SWIMS distributes its full range of footwear, swimwear, outerwear, ready-to-wear and accessories worldwide through high-end department stores, independent specialty stores, and luxury resorts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 Joe s Jeans

Los Angeles, California, United States

Joe's Jeans is a denim brand that has redefined with its inherently LA sensibility and distinctive point-of-view. With an emphasis on incorporating technology into design, the brand creates product for men, women, and kids that is innovative and fits flawlessly. It offers denim, apparel, and accessories and is available at premium department stores in the United States, at specialty boutiques globally, 10 Joe’s Jeans stores, and at the digital flagship www.joesjeans.com. Joe’s Jeans was formed in 2001 and is based in Los Angeles, California.

Buy -

Seller(S) 1

SELLER

Global Brands Group

Hong Kong, China

Category Company
Founded 2005
Sector Apparel/Textiles
Employees1,415
Revenue 1.1B USD (2020)
DESCRIPTION

Global Brands Group is a major branded fashion accessories, footwear and apparel in Hongkong. Company have a broad portfolio of great brands such as Calvin Klein, Under Armour, Juicy Couture, Frye, Cole Haan, Quiksilver, Spyder and many more. Global Brands Group was founded in 2005 and is based in Hong Kong, China.


DEAL STATS #
Overall 2 of 3
Sector (Apparel/Textiles) 2 of 3
Type (Divestiture) 2 of 3
Country (China) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-27 The Frye

New York, New York, United States

The Frye Co. is a designer, manufacturer and sells handcrafted leather boots, shoes, bags and accessories for men and women. The Frye Co. was established in 1863 and is based in New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 Aquatalia

Greensboro, North Carolina, United States

Aquatalia is an operator of the fashion label offers the finest combination of fashion, quality and comfort in luxury footwear and is the first to mix distinctive Italian design with innovative weatherproof and stain-resistant technology. Aquatalia was founded in 1994 and is based in Greensboro, North Carolina.

Sell -