Allan Ellinger, MMG Advisors, Inc.’s Senior Managing Partner and Founder, was featured on CNBC this week, where he discussed the consumer products M&A environment, what is top-of-mind for consumer retail executives, and more. Watch below:
MMG Advisors is thrilled to welcome Marc Heller as he joins us as Senior Advisor – Marc brings decades of industry expertise and a deep understanding of our clients’ most pressing issues; his perspective will be invaluable as we continue to serve as among the consumer products industry’s leading mergers & acquisitions advisors.
Intradeco, a Miami-based vertical manufacturing company, has acquired Indera Mills, one of the world’s largest suppliers of thermal underwear. Terms were not disclosed.
MIAMI & YADKINVILLE, N.C.--(BUSINESS WIRE)--Intradeco Holdings, a global vertical-manufacturing company supplying high-quality casual clothing and thermal underwear to major retailers in the United States, Mexico, and Canada is acquiring Indera Mills, one of the world’s largest suppliers of thermal underwear and manufacturers of the leading brands Coldpruf and Indera, it was announced today.
Allan Ellinger, founder and senior managing partner of MMG Advisors, said, “While I think it’s too early to make any major prediction about the long-term impact on the U.S. economy, clearly the projected increase in fuel prices alone could have a debilitating domino effect on the economy that will impact consumer purchasing, supply chain, travel, energy bills and manufacturing of petroleum-based products. I think we have seen how resilient the consumer can be, but we are living in an interwoven global economy that has not seen this kind of action in over 70 years. We need time to see the impact this action will have on the world.”
The fragmented nature of the home furnishings industry will drive additional consolidation on the wholesale side of the business, according to Andy Postal, managing partner of MMG Advisors – which represents buy-side and sell-side clients in the apparel, footwear, accessories, home textiles, watch and jewelry sectors.
Mary Ann Domuracki, managing director at MMG Advisors, said that many companies are trying to hold on, especially as business has picked up. “In all likelihood, they’ll hang on a little bit longer. But lenders aren’t as kind as they were last year, when there was government support,” she said, adding that her firm is hearing that larger lenders are looking to prune their portfolios, and are even “persuading borderline companies to find alternative lenders.”
Centric Brands LLC (the “Company”), a leading lifestyle brand collective, announced today the acquisition of Pastourelle, a portfolio of girls’ clothing brands, including Pippa & Julie and Mia & Mimi.
Activity is up, but valuation expectations could curtail deals.
“As a result, private equity firms may even choose to hold on to portfolio companies for a few more months and then market those banners off improved sales figures,” said Mary Ann Domuracki, a managing director at investment bank MMG Advisors.
“You can make the argument that the proliferation of marketplaces really took off three to five years ago, when Farfetch IPO’d in 2018,” said Allan Ellinger, founder and senior managing partner of MMG Advisors. “This is the mall of the future. More retailers will shift toward and/or incorporate some level of a marketplace model. For one thing, this pushes the cost and efforts of shipping, logistics and returns onto the brands versus the retailer themselves.”
Fun-loving, free-spirited and charismatic with a lightning-quick intellect and the ability to think outside the box. That’s the way industry executives recalled Marty Staff, the longtime fashion industry executive who died Tuesday at age 70 after a battle with brain cancer.
The men's clothing retailer hopes the celebrity workleisure line will lure shoppers
Shoulder up, listen carefully, lean in, but not too much, and know when to walk away. That was some of the advice dealmakers shared Thursday at a DealmakeHers virtual event on Zoom.
City Chic Collective acquires the ecommerce assets of U.K. plus-size brand Evans to add to its growing portfolio of global plus-size merchants.
Total value of 2020 deals outstripped 2019, and there's plenty of liquidity among major players.
If you’re looking to stay more informed on Lower Middle Market M&A activity, or if you’ve been thinking about dipping your toe in the thought leadership waters, here are the individuals laying out the blueprint for content creation done right in LMM M&A.
Licensing firms have a reputation for buying famous but faded labels and milking them dry. Will Brooks Brothers, Barneys and others in bankruptcy today meet the same fate?
Across the spectrum of retailing, executives maintain their organizations are agile and their business adaptable to coping with the pandemic.
The coach said no-pain no-gain, which aligns with the current thinking on Fashion Avenue these days. Announcements of retail bankruptcies pop up daily - there is little explanation, and no end in sight.