Callaway buys Jack Wolfskin

According to wuv, Callaway Golf Company will buy the outdoor company Jack Wolfskin for Euro 418 million.

For a while Jack Wolfskin was owned by Barclays Private Equity and Quadriga Capital. Then Blackstone bought the company in 2010, supposedly paying Euro 700 million at the time.

And in 2017 a couple of investors got involved, including Bain Capital, H.I.G. Bayside Capital, CQS, Avenue Capital and Blue Mountain Capital Management.

Bacardi acquires Patron Spirits International AG

Bacardi Ltd., owner of famous brands like Barcadi, Dewars, Martini, Bombay Sapphire, Grey Goose, and Molinari, acquires the owner of Patron Tequila.

The deal is valuing the company at US$5.1 billion.

Diageo Plc paid $1 billion to acquire George Clooney’s startup Casamigos in 2017. And Pernod Ricard SA acquired the Del Maguey brand in June.

While Becle SAB, producer of Jose Cuervo tequila, raised US$790 million in an initial public offering a year ago.

Borsalino insolvent

According to various news reports, Borsalino Giuseppe & Fratello S.p.A.is insolvent and will be liquidated after a court decision on Monday. Supposedly the brand is not affected.

A few years ago Hereas Equity acquired the now 160 years old company The purchase price was given at €20 Mill., and Hereas Equity claims to have invested €10 Mill. in sales and marketing.

The brand is famous worldwide, partially due to the classic movie with the same title. In Spring 2017 the Italian government issued a Borsalino postal stamp.

In May 2017, Heras Equity claims, to have bought back the Borsalino trademarks from a bank for €18 Mill. Prior those trademarks had been sold in a sale-leaseback transaction.

The total investment would have been €48 Mil., with annual revenues of ~€17 Mill.

According to Hereas Equity the production is in liquidation. The trademarks, sales and shipments are supposed to continue.

Hisense buys Toshiba TV business

After it acquired the German Loewe TV brand a while ago, Hisense will purchase the Toshiba TV production, R&D and operation service.

Hisense will purchase 95% of Toshiba Visual Solutions Corporation, a wholly owned subsidiary of Toshiba Corporation, with Toshiba retaining 5%.

The purchase price is 12.9 billion Japanese Yen.

Along with the businesses Hisense will obtain a license to the Toshiba brand for a period of 40 years.

AB Inbev sells some brands

Anheuser-Busch InBev has entered an agreement to sell five beer brands in Eastern Europe to Japan-based Asahi. The purchase price is US$7.8 billion.

Asahi will acquire brands in the Czech Republic, Slovakia, Poland, Hungary, and Romania along with other related assets, that were owned by SABMiller prior to its combination with AB InBev. It will also acquire the IP rights relating to the brands, including Pilsner Urquell (excluding in the U.S. and Puerto Rico), Tyskie, Lecher and Dreier.

Coach buys Kate Spade

Coach announced, it is Buying Kate Spade. The purchase price is US$2.4 billion in cash.

Kate Spade is aiming for a younger customer. Both brands are licensed into various categories, Coach among others for watches, eyewear and perfume, Kate Spade more liberally for eyewear, watches, perfume, home textile, socks, sleepwear, etc.

The acquisition is to close during the 3rd quarter of 2017.

Earlier Coach had acquired Stuart Weitzman.