The Supply Of M & A Pactions In The United States Is Insufficient, But The Demand Is Quite Strong.

< p > the US fashion industry has completed 18 mergers and acquisitions, involving an amount of US $2 billion 430 million, down 18.8% compared to the same period in 2012 (due to tax reasons, the M & A pactions in the latter half of last year were relatively concentrated and also diluted the volume of pactions in the first half of this year).

The fashion industry in other countries and regions in the world has completed 69 mergers and acquisitions, involving an amount of US $1 billion 660 million, down 14% from the same period in 2012.

It can be seen that the United States is still the most active place in global fashion acquisition pactions, although the number of pactions accounted for only 21% of the world, but the paction volume accounted for 59%.

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< p > US < a target= "_blank" href= "//www.sjfzxm.com/" > designer /a > brand Michael Kors has been rising by nearly 150% since the end of 2011, but the stock price has risen nearly 150%, but with such solid foundation, there are few brands with good growth story, which also leads to a decline in the activity of fashion brand mergers and acquisitions.

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More and more investors are concentrating their interest on the fashion industry. The purchase price is expected to run at a high level, and the valuation of the company with good quality will continue to rise, P said.

Especially in Europe, too many companies are in financial difficulties, and the few remaining healthy businesses become hotter.

In the US, because of the lack of mature and fashionable enterprises that can be traded, the interest of investors turns to some early growing brands.

(for example, Andrew Rosen and John Howard invested in young designer brand Proenza Schouler in 2011) the United States has only 6 consumer companies listed on this year, with a total fund-raising amount of US $3 billion, of which, in June this year, the old perfume and cosmetics enterprises Coty was listed, and the original shareholders were cash in the amount of $1 billion.

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< p > the supply of M & A pactions in the United States is insufficient, but the demand is quite strong: < /p >

< p > 1. the US economy continues to improve; < /p >

< p > 2. private equity funds want to invest in cheap funds brought by ultra-low interest rates, and even interest in early projects in the fashion industry; < /p >

< p > 3 brand retailers seek to expand through mergers and acquisitions; < /p >

< p > 4. wealthy individual investors expect to put money in areas where growth expectations are high; < /p >

< p > 5. overseas investors are also interested in American brands.

Dean Pimenta, head of Citibank consumer investment bank, said that in the next 6-12 months, more than $250 million in emerging countries could be involved in the fashion industry, coming from Asia or Latin America.

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< p > at present, the potential pactions in the US market are: < /p >

< p > 1. Neiman Marcus, a luxury department department controlled by private equity fund, submitted its application for re listing (IPO) in June; < /p >

< p > 2. luxury goods department Saks is also seeking new strategic investors; < /p >

< p > 3.Fifth & Pacific's youth brand Juicy Couture and Cowboy brand Lucky Brand are all waiting for the price to sell; < /p >

The designer brand Reed Krakoff of < p > 4.Coach also has the intention to sell; < /p >

The Vince fashion chain under P > 5.Kellwood, the production of a target= "_blank" href=, //www.sjfzxm.com/ "shoes" /a "Tory Burch" brand are also being considered for sale or sale.

< p > in addition, Tory Burch, a rising star in the field of light luxury, has been the focus of the acquisition and IPO topics. It is said that the existing institutional investors expect to increase the share of the shares.

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