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M&A Deal Summary

JX Luxventure Acquires Tribe Wearables

On February 19, 2019, JX Luxventure acquired apparel/textiles company Tribe Wearables

Acquisition Highlights
  • This is JX Luxventure’s 1st transaction in the Apparel/Textiles sector.
  • This is JX Luxventure’s 1st transaction in Greece.

M&A Deal Summary
Date 2019-02-19
Target Tribe Wearables
Sector Apparel/Textiles
Buyer(s) JX Luxventure
Deal Type Add-on Acquisition

Target

Tribe Wearables

Komotin, Greece
Tribe Wearables is a Greek-based smart clothing technology company focusing on the development of apparels and sensors for assessing, coaching athletes and prevention of injuries. Its products combine the feel of premium sports apparels, with the functionality of cutting edge sports Science Lab and the AI-based Coaching with abilities rivaling that of world-class personal trainers.

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Buyer(S) 1

Buyer

JX Luxventure

Haikou, China
Category Company
Sector Apparel/Textiles
Employees55
Revenue 50M USD (2024)
DESCRIPTION

JX Luxventure is a fully-integrated casual menswear company. Luxventure through its subsidiaries is engaged in the business of designing, manufacturing, selling, and distributing its own casual menswear brand, KBS, through a network of KBS branded stores. JX Luxventure is based in Shishi, China.

DEAL STATS #
Overall 2 of 2
Sector: Apparel/Textiles M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Greece M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Hangzhou Siteng Network Technology Co.

Hangzhou, China

Hangzhou Siteng Network Technology Co., Ltd. is an e-commerce services company. Hangzhou Siteng Network Technology Co., Ltd. is based in Hangzhou, China.

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