Apparel and Footwear Market Monitor
Highlights:
• Apparel and footwear M&A volume increased 11% in 2011 from 2010, faster than the growth in the overall market.
• Most notably, the past several months witnessed the unraveling of Liz Claiborne, which sold its Liz Claiborne and Monet brands to JC Penney, and also divested Dana Buchman, Mac and Jac, Kensie and Mexx. The remaining business, now known as Fifth & Pacific, owns the Juicy Couture, Kate Spade and Lucky Dungarees brands.
• Stock performance has been mixed over the past year, with Diversified companies outperforming the market and Outdoor and Action Sports companies underperforming.
Outdoor companies have been hurt by the warm winter and Action Sports has been negatively affected by company-specific issues at Quiksilver, Billabong and PacSun.
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Our Market Monitors contain current information on industry trends, valuation multiples for publis companies and summaries of recent mergers & acquisitions. Moss Adams Capital produces Market Monitors for a variety of industries. To access those Market Monitors, please click here.
