NEWS WE’VE FOLLOWED THIS WEEK:
Clothing, Footwear, and Accessories retail sales growth softened in March'25 vs Jan'25 and Feb'25, says a new report by CNBC/NRF Retail Monitor.
Consumer brands grapple with whether to increase prices due to tariffs, per multiple sources. Some choosing to pass along a tariff surcharge as a separate line item on invoices.
Private equity investing activity in tariff sensitive sectors has been and is expected to remain muted, despite the 90 day pause, per Pitchbook.
M&A AND FINANCING NEWS
Artisan Design Group (interior flooring) was acquired by Lowe's Companies, Inc.'s from Sterling Group.
The Vitamin Shoppe was sold by Franchise Group, Inc. to Performance Investment Partners and Kingswood Capital Management.
Ballet Makers (Capezio) sold to Argand Partners
Jimmy Beans Wool (yarn manufacturing) was acquired by Local Crafts Group (backed by Blue Point Capital Partners).
Koozie Group (promotional products) was sold by H.I.G. to Garyline (competitor backed by Mill Point Capital)
reverse.supply (German resale platform) was acquired by Trove.
Leonard Green & Partners (LGP) acquired a majority stake in Crunch Fitness CR Fitness Holdings, LLC (fitness chain) from TPG Growth.
DedCool (fragrance brand) sold an additional equity stake to Sandbridge Capital.
HUUG raised $6 million from Kaylim Capital
Brynwood Partners sold Harvest Hill Beverage Company to Castillo Hermanos.
Skin Analytics raised 15 mill Euros led by Intrepid Growth.
Guardian Bikes (bicycles) raised a $19M line of credit from JPMorganChase to build a manufacturing facility.
Frank And Oak (sustainable fashion retailer) announced it would close the majority of its' 14 Canadian stores as part of its' restructuring process.
Fashionable, Inc. (womenswear retailer) filed for Chapter 11 bankruptcy protection.
PUBLIC COMPANY NEWS
The Beachbody Company (fitness brands) received a NYSE Noce as the Company's market cap fell below $50M.
The following public companies announced earnings this week: Brunello Cucinelli, LVMH, Movado Group, Rent The Runway, & The Children's Place.
EVENTS
On May 28th and 29th, The Lead will host they're annual Summit in New York City. Join us at The Lead Summit to hear talks from some of the industries experts. To learn more about the speaker line up and register click here: https://lnkd.in/eicPzF3Y
BEFORE YOU GO
The NHL Stanley Cup begins Saturday, April 19, with the St. Louis Blues facing off against the Winnipeg Jets.
The National Basketball Association (NBA) Playoffs begin Saturday, April 19.
