Highlights from Moss Adams Capital’s Latest Apparel, Accessories and Footwear Market Monitor:
• Public companies in the sector, with the exception of the Youth Lifestyle category, continue to outperform the overall market. Aspirational and Diversified companies were up 40-41% over the past year, compared to a 19% increase for the S&P 500.
• The third quarter of 2013 was very positive for M&A activity. Middle market M&A activity in the U.S. jumped 23% in Q3 from the prior quarter, and rose 13% from a year ago. Nearly 4,100 middle market M&A transactions were announced in Q3, the highest quarterly volume in the past seven years.
• Through October 2013, global Apparel, Accessories and Footwear (“AAF”) M&A is down 2% from the same period in 2012. Between July and October, however, M&A activity was up 37%, consistent with the increase in the overall market over the past several months.
Read more HERE.