Private Equity Fund Advent And Shoe Brand Stuart Weitzman Contend For War

According to WWD, Advent and the two companies join hands in the final round of bidding. The three families have been launched. Stuart Weitzman Due diligence is estimated to take 2~3 months.

with Goldman Sachs Citigroup, a powerful investment banking team, will serve the Stuart Weitzman's takeover bid. The lowest bid will be no less than $600 million. Although the outlook is not yet clear, people familiar with the matter estimate that it is not impossible for the final bid to reach $800 million, depending on the size of the brand's future growth.

Leonard Green & Partners, J.Crew and Topshop's investors, chose to give up after testing the water. Other potential buyers who look on the sidelines think Goldman's offer of $600 million plus is too high. If the founder Stuart Weitzman is no longer involved in the company's business, then the future of the brand is hard to judge.

As a well known brand, Stuart Weitzman is mainly focused on expansion in Asia this year. By the end of this year, franchised stores in the Greater China region are expected to spread throughout 14 cities. At the same time, it is also developing e-commerce in mainland China, Hongkong and Australia.

Besides its shoes, its main line of business also includes handbags, handbags, wallets and other accessories.

The market believes that it is now a good opportunity to cash in on shoes and accessories. In October, the UK luxury shoe brand Jimmy Choo was listed in London. Its market value is more than 10 billion, and it ranks among the London FTSE-500 stock index.

If it is done, it will be the fourth time that Stuart Weitzman has changed hands.

In the 70s of last century, Stuart Weitzman sold the company he founded to a European company, repurchased it at the end of the last century, and sold it again to the American Apparel Group The Jones Group 10 years later (two shares in May 2010 and August 2012).

The Jones Group was bought by private equity Sycamore Partners in April this year for $2 billion 200 million. After Sycamore took over, it reorganized its brand portfolio, separated its superior Stuart Weitzman into an independent company, held a majority stake in Sycamore, and founded Stuart Weitzman as the executive chairman of the board of directors of employees.

　　 Private equity fund Advent Recently, it has been active in the consumer field. This year, it completed second rounds of investment in the Canadian Yoga apparel brand Lululemon, and acquired the fast-growing Australian flavor yogurt Noosa last month.