M&A and investment activity continues to dominate the fashion and luxury industries, with a rise in deal volume driven by ongoing consolidation, digital acceleration, and rising pressure on margins. From strategic acquisitions to tech-driven funding rounds, the landscape is increasingly shaped by players aiming to future-proof their operations and expand global reach. Big-name deals over the past several years have brought Tiffany & Co. under the umbrella of LVMH (after the two companies managed to put their rival lawsuits to bed and come to agreeable terms under which French conglomerate could acquire the famed New York-based jewelry stalwart); ridded Richemont of loss-making Yoox Net-a-Porter; and saw Farfetch acquired in a rescue deal by Korea e-commerce giant Coupang.
These moves come amid growing urgency around consolidation, with giants like LVMH, Kering, and Richemont sharpening their portfolios and tech stacks. Sources close to recent transactions suggest more tie-ups are in the pipeline, especially as mid-sized brands and service providers look for scale or exit opportunities in a high-cost, high-competition environment.
“Whether it’s automation, data-driven pricing, or owning more of the value chain, the current deal flow shows the industry’s pivot toward resilience and agility,” says one sector analyst. As fashion grapples with evolving consumer behavior, cost pressures, and digital disruption, the M&A and funding landscape is set to remain active well into 2025 and beyond.
A Timeline of Transactions
With the foregoing in mind, here is a running timeline of the most recent fashion and luxury-focused M&A and investments dating back to LVMH’s headline-making deal with Tiffany & Co. …
July 10, 2025 – Heron Preston Buys Back Eponymous Label
Heron Preston has reacquired full ownership of his namesake label, ending his partnership with Farfetch-affiliated New Guards Group. Reflecting on the path to regain his brand, Preston told BOF, “I have been through hell to protect what I have built. I fought for my name, my work and my vision. Now I am back with more purpose than ever.” Preston is preparing to relaunch the label in New York without any external investors. His next collection is expected to debut in October, following the conclusion of outside engagements, including his 2023 role as H&M’s creative advisor for menswear.
July 9, 2025 – Meta Acquires Stake in EssilorLuxottica
Meta – the U.S. tech giant behind Facebook, Instagram, and Meta AI – has acquired a stake of just under 3 percent in EssilorLuxottica, the Italian-French eyewear conglomerate known for brands including Ray-Ban, Oakley, and Persol. The €3 billion investment deepens a partnership that began in 2019, focused on developing AI-powered smart glasses under the Ray-Ban Meta brand. EssilorLuxottica has sold over two million units of Ray-Ban Meta glasses since late 2023 and recently expanded the collaboration to include Oakley and luxury labels such as Prada. The company, which oversees a global supply chain and retail network, is expected to play a central role in Meta’s long-term hardware strategy.
June 30, 2025 – Saks Secures $600M Lifeline
Saks Global Enterprises has secured a $600 million financing deal from a group of existing investors to ease mounting financial pressure just months after issuing $2.2 billion in debt to fund its Neiman Marcus acquisition. The agreement includes an immediate $300 million loan from majority bondholders, who gain repayment priority and avoid losses. The remaining $300 million will come through a debt swap, offering other lenders the option to exchange existing notes for lower-priority securities with the same 11% interest and 2029 maturity. Those who decline face subordination and the loss of key protections.
The original bonds, issued in December, have since dropped to 34.5 cents on the dollar. The deal highlights rising tensions between creditor groups as Saks, which owns Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, works to avoid default.
June 17, 2025 – DÔEN Raises Series A Funding
DÔEN, a digitally native California lifestyle brand known for its feminine silhouettes, sustainability ethos, and women-led leadership, has closed a Series A funding round led by growth equity firm Silas Capital. Founded by sisters Margaret and Katherine Kleveland in 2016, DÔEN has scaled to $100M+ in revenue with minimal prior outside capital (~$1M). The new investment will support the brand’s retail expansion, infrastructure enhancements, and global customer engagement. With seven stores and strong wholesale/e-comm momentum (110% YoY wholesale growth, 40% e-comm growth), DÔEN is poised for continued omnichannel growth.
June 17, 2025 – Erling Haaland and Gustav Magnar Witzøe Take Stake in Db
Footballer Erling Haaland and billionaire model Gustav Magnar Witzøe have joined Scandinavian luggage brand Db as strategic partners and minority investors. The new partnership follows LVMH Luxury Ventures Fund I (LLV) acquiring a minority stake in Db at the end of 2024. Haaland and Witzøe will work alongside LLV to support Db’s bold international expansion. Founded by Truls Brataas, Db designs travel gear at the intersection of sport, outdoor, adventure, and lifestyle. The company’s growing roster of partners reflects its ambition to build a global brand that resonates with a diverse and dynamic community of travelers.
June 12, 2025 – Beaumanoir Group Acquires 26 Jennyfer Stores
Brittany-based Beaumanoir Group, owner of Cache Cache, Bonobo, Morgan, La Halle, and others, continues its European expansion with the acquisition of 26 Jennyfer stores. The deal will see the stores converted to Beaumanoir’s existing banners, while preserving approximately 350 jobs through a combination of retained and redeployed positions. The group will also acquire the Jennyfer brand name, planning a gradual relaunch aimed at a younger customer base, starting with Sarenza.com and later expanding to dedicated product lines across its retail network.
June 12, 2025 – Peter Kern Acquires La Perla in €25M Deal
US billionaire Peter Kern, former vice-chairman and CEO of Expedia, has acquired Italian luxury lingerie label La Perla, securing both the brand rights and its Bologna production site. The acquisition, valued at approximately €25 million, was confirmed by Italy’s Ministry of Business and Made-in-Italy (MIMIT) and will safeguard 210 jobs, with plans for 40 additional hires.
June 2, 2025 – Kontoor Brands Completes Acquisition of Helly Hansen
Kontoor Brands, Inc. has officially completed its acquisition of Helly Hansen, the global outdoor and workwear brand, in a move aimed at accelerating growth and diversifying its category, channel, and geographic reach. “Today marks an exciting step forward for Kontoor as we expand our portfolio of iconic consumer brands,” said Scott Baxter, President, CEO, and Chairman of Kontoor Brands. “Helly Hansen brings strong global recognition and complements our strategic vision to strengthen our presence in the outdoor and workwear segments.”
May 22, 2025 – Superglamourous, Imerman Acquire Moreschi
Storied Italian shoemaker Moreschi has been acquired by Glam Srl, the parent company of Superglamourous, and its backer, the London-based Imerman Family Office, following a court-supervised auction after Moreschi was declared bankrupt in 2024. The acquisition includes the Moreschi IP, machinery, and in-house materials.
May 22, 2025 – Compagnie Chargeurs Invest Secures €108M in New Funds
Compagnie Chargeurs Invest – the French industrial group that serves as a supplier of leading apparel brands and the owner of the Swaine and The Cambridge Satchel Company brands – has raised €108 million in a new funding round involving four major credit institutions and additional bilateral loans. The financing includes participation from Groupe BPCE (Caisse d’Epargne Ile-de-France, Natixis, Banque Palatine), HSBC Continental Europe, La Banque Postale, and AG2R La Mondiale, along with renewable bilateral loans from Arkéa Banque and Bpifrance.
“More than ever, we are in a position to increase the competitive advantage of our fast-growing global leaders,” said Fribourg. “This funding reflects the strength and long-term appeal of our model, underpinned by high-quality, high-value assets.”
May 21, 2025 – Revolve Group Acquires Dion Lee
U.S.-based e-commerce powerhouse Revolve Group has acquired the intellectual property assets of Dion Lee, the Australian luxury label that shuttered operations late last year after entering insolvency. The acquisition, reportedly for under $1 million, marks a potential revival for the cult-favorite brand, with founder Dion Lee expected to remain as creative director. Revolve Group, which operates luxury fashion platforms Revolve and Fwrd, secured the brand’s assets following months of failed efforts by administrators to find a buyer. Dion Lee, once headquartered in Sydney and later based in New York, filed for bankruptcy in May 2024, burdened with $35 million in debt after key investor Cue Clothing withdrew support.
May 13, 2025 – Francesco Scognamiglio Buys Back Namesake Brand
Francesco Scognamiglio, the Neapolitan designer known for dressing icons like Madonna, Lady Gaga, and Beyoncé, has reacquired full ownership of his eponymous brand from Y Capital Management. The move marks the end of a creative hiatus that began in 2021, when diverging business visions led to the fund’s full takeover of the Francesco Scognamiglio and Maison Francesco Scognamiglio labels. “I’ve really wanted to take back what was essentially mine … These years have been a battle to buy back my creative freedom and voice,” said Scognamiglio. Now preparing for a relaunch, the designer will debut a 15-look couture collection in late June in Naples, ahead of Paris Couture Week.
May 13, 2025 – Borletti Group Invests in True Religion
True Religion, the Los Angeles-based premium denim brand, has secured a strategic investment from Borletti Group, a firm known for its fashion and lifestyle holdings, including stakes in department stores Rinascente and Printemps. The deal brings together co-investors ACON Investments, Azimut, and the founders of Moose Knuckles.
May 5, 2025 – Skechers to Be Acquired by 3G Capital
Skechers has entered into an agreement to be acquired by 3G Capital in a cash deal valuing the company at $63.00 per share—a 30% premium to its 15-day volume-weighted average stock price. The transaction will take Skechers private and marks a new chapter for the $9 billion global footwear brand, known for its comfort-focused innovation and accessible pricing. The company will continue to be led by Chairman and CEO Robert Greenberg, President Michael Greenberg, and COO David Weinberg. “With 3G Capital’s backing, we’re positioned to drive long-term growth while staying true to our mission,” said Greenberg.
Apr. 30, 2025 – Patrizio di Marco Invests in Be Sneakers
Patrizio di Marco, former CEO of Gucci and Bottega Veneta, has acquired a minority stake in Be Sneakers, the Italian footwear manufacturer known for its role in reviving the Pro-Keds brand. Financial terms were not disclosed. Based in Barletta, Apulia, Be Sneakers reported €7.8 million in sales in 2024 (up 66% year-over-year) and is targeting €10 million in revenue for 2025. The company plans to leverage Di Marco’s global fashion expertise to expand its international reach and pursue high-profile collaborations.
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