Acquisition

The rumors had been circulating for a while, but now it’s official: Mytheresa wants to acquire industry peer Yoox Net-a-Porter from Richemont. This will create a “leading, global, multi-brand digital luxury group”, according to the involved parties. As part of the deal, Richemont will acquire a 33 percent stake in the rapidly growing Mytheresa.

Online luxury fashion retailer Mytheresa is said to be one of the potential bidders for Yoox Net-a-Porter. BestSecret, another online fashion platform is also understood to be interested. So far, all parties have declined to comment on the rumors of a possible acquisition.

Dutch online furniture store Fonq has acquired Naduvi, a competing online platform, that sells furniture by dropshipping products to consumers. Combining scale and competencies will bring more focus to both companies. The amount of money involved in the deal was not disclosed.

Second-hand fashion platform Vinted has acquired Danish competitor Trendsales. By doing so, the platform wants to fortify its position in the Nordic region. The acquisition is in contrast with the termination of its luxury platform Rebelle, which was announced in January.

The Platform Group has taken over Hood Media. This gives TPG control over Hood.de, one of the ten largest online marketplaces in Germany according to the new owner. The acquisition was financed from its own resources.

Olsam, a British ecommerce aggregator has acquired Dutch competitor Dwarfs. The amount involved in the acquisition was not disclosed. At the same time, the combined company, called Olsam Group, will receive an enlarged credit facility to pursue future acquisitions.

Luxury online fashion retailer Matches Fashion has been acquired by Frasers Group. The deal was worth around 60 million euros. With this acquisition, the Group wants to strengthen its luxury offering.

The Platform Group has become the sole owner of Möbelfirst, an online provider of luxury furniture in Germany and surrounding countries. The group remains on a takeover path, with up to eight more acquisitions in the coming year.

Chinese online fashion store Shein has recently strengthened its portfolio by acquiring the British fashion brand Missguided. The exact financial details of the acquisition have not been disclosed. The label will be added to Shein's own online platform.

Dutch sustainable parcel deliverer Homerr has been acquired by Vinted Go, the shipping arm of Vinted. The amount involved in the acquisition was not disclosed. For now, Homerr will continue to operate under its own trade name.

Adevinta, the parent company of many leading European classified marketplaces, is in discussions regarding a potential sale. A consortium led by investment firms Permira and Blackstone is reported to have made a multi-billion-dollar offer.

British fashion retailer JD Sports has reached an agreement to take over Courir. The company will pay 520 million euros for the French retail chain. Courir has more than 300 stores and is active in several countries.

Secret Sales, the UK-based off-price marketplace, has acquired the Spanish online fashion retailer Dreivip. Brands and retailers on Secret Sales will have quick access to millions of new clothing customers.

As of yesterday, Dutch fulfillment company Active Ants has been fully acquired by Belgian postal company Bpost. The acquisition was already announced in 2018, but at that time management remained in the hands of Active Ants. Now, the company has sold its remaining stake to Bpost.

DHL Group has signed an agreement to acquire 100 percent of MNG Kargo, one of the leading parcel service providers in Turkey. According to DHL, the acquisition secures a leading position in the domestic parcel market. “MNG Kargo complements our business portfolio and will help to strengthen our position in this sector”, CEO Tobias Meyer says.