Deals
Deal activity by volume related to ESG increased by 263% year-on-year in 2023 in the apparel industry
Credit: Bert van Dijk/Getty images.
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Analysis of the key themes driving deal activity reveals that ESG accounted for 63 apparel deals between 2019 and 2023, worth a total value of $1,205m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $202m acquisition of 51% stake by Aditya Birla Fashion and Retail in TCNS Clothing was the largest disclosed deal in 2023, while the $31m equity offering by Worn Again Technologies was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 263% year-on-year in 2023 and by 100% year-on-year in 2022.
Deal activity related to ESG in the global apparel industry in the last five years
Top deals related to ESG in the apparel industry in the last five years
Deal volume by deal type for ESG related deals in the apparel industry in the last five years
Acquisition accounted for the highest number of deals in the last five years, with 30 deals, followed by Venture Financing (15 deals), and Private Equity (8 deals).
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
