Latest news with #FandF
Yahoo
a day ago
- Business
- Yahoo
S. Korean fashion retailer F&F hires Goldman for TaylorMade acquisition
By Kane Wu and Joyce Lee HONG KONG/SEOUL (Reuters) -South Korean fashion retailer F&F Co said on Monday it has hired Goldman Sachs to advise on an acquisition of TaylorMade, and that it would take legal action if the owner of the global golf products maker proceeds with a separate sale process. Earlier this year Centroid Investment Partners, a Seoul-based private equity firm, hired JPMorgan and Jefferies to run a sale process of Carlsbad, California-headquartered TaylorMade which it had acquired in 2021. The sale, according to two people familiar with the transaction, could fetch $3.5 billion. On Monday, F&F said it participated in the 2021 TaylorMade acquisition as "a strategic investor and, as the largest investor, secured written Consent Rights over key management matters, including borrowing, major business decisions, and equity sales". F&F, however, has not consented to Centroid's current effort to sell TaylorMade, and views it as a significant breach of its contractual consent rights, it said in a statement. "We are methodically preparing to exercise our Right of First Refusal (ROFR), should circumstances warrant, to ensure alignment with our original investment thesis," the company stated. "Independent of our acquisition plans, we are fully prepared to deploy all available legal and contractual measures to hold Centroid accountable for its violations." Under the terms for the acquisition of TaylorMade by Centroid, F&F said it invested 358 billion won ($258 million) of the subordinated equity investment totalling 619.2 billion won, making it the largest equity investor as a limited partner (LP). Centroid has not disclosed the financial details of the 2021 acquisition. The mezzanine investment amounted to 471.5 billion won, with F&F contributing 195.7 billion won. The fashion firm had already announced its intent of acquiring TaylorMade last month, saying it made a substantial investment in TaylorMade in 2021 with the ultimate goal of acquiring the company. Centroid's advisors have sent confidential information memoranda and process letters regarding the sale of TaylorMade to prospective buyers, the people said, adding no official process has been launched yet. The people could not be named as the information was confidential. Centroid, in response to a Reuters request for comment, confirmed it was undergoing a process of selling TaylorMade to maximize its LPs' return on investment. F&F is an LP investor in a fund operated by Centroid as the general partner (GP), the private equity firm said. In private equity, GP refers to the manager of a fund who is responsible for making investment and operational decisions while LPs are investors in the fund who usually have a more passive role in individual deals. Centroid confirmed F&F holds the right of first refusal which it intends to guarantee. "The right of first refusal is a right that allows the holder to determine whether or not to implement it once prices and conditions are determined through the auction process, and it is contradictory to want to stop the sale while hoping to exercise the right," Centroid said. The firm declined to comment further while JPMorgan, Jefferies and Goldman Sachs declined to comment. Founded in 1979, TaylorMade produces golf clubs, balls and other accessories and has offices in Canada, China, Japan, South Korea and Australia outside the U.S., its website shows. The company could not be immediately reached for comment outside U.S. hours. ($1 = 1,387.3900 won) Effettua l'accesso per consultare il tuo portafoglio
Reuters
a day ago
- Business
- Reuters
S. Korean fashion retailer F&F hires Goldman for TaylorMade acquisition
HONG KONG/SEOUL, July 21 (Reuters) - South Korean fashion retailer F&F Co said on Monday it has hired Goldman Sachs (GS.N), opens new tab to advise on an acquisition of TaylorMade, and that it would take legal action if the owner of the global golf products maker proceeds with a separate sale process. Earlier this year Centroid Investment Partners, a Seoul-based private equity firm, hired JPMorgan (JPM.N), opens new tab and Jefferies to run a sale process of Carlsbad, California-headquartered TaylorMade which it had acquired in 2021. The sale, according to two people familiar with the transaction, could fetch $3.5 billion. On Monday, F&F said it participated in the 2021 TaylorMade acquisition as "a strategic investor and, as the largest investor, secured written Consent Rights over key management matters, including borrowing, major business decisions, and equity sales". F&F, however, has not consented to Centroid's current effort to sell TaylorMade, and views it as a significant breach of its contractual consent rights, it said in a statement. "We are methodically preparing to exercise our Right of First Refusal (ROFR), should circumstances warrant, to ensure alignment with our original investment thesis," the company stated. "Independent of our acquisition plans, we are fully prepared to deploy all available legal and contractual measures to hold Centroid accountable for its violations." Under the terms for the acquisition of TaylorMade by Centroid, F&F said it invested 358 billion won ($258 million) of the subordinated equity investment totalling 619.2 billion won, making it the largest equity investor as a limited partner (LP). Centroid has not disclosed the financial details of the 2021 acquisition. The mezzanine investment amounted to 471.5 billion won, with F&F contributing 195.7 billion won. The fashion firm had already announced its intent of acquiring TaylorMade last month, saying it made a substantial investment in TaylorMade in 2021 with the ultimate goal of acquiring the company. Centroid's advisors have sent confidential information memoranda and process letters regarding the sale of TaylorMade to prospective buyers, the people said, adding no official process has been launched yet. The people could not be named as the information was confidential. Centroid, in response to a Reuters request for comment, confirmed it was undergoing a process of selling TaylorMade to maximize its LPs' return on investment. F&F is an LP investor in a fund operated by Centroid as the general partner (GP), the private equity firm said. In private equity, GP refers to the manager of a fund who is responsible for making investment and operational decisions while LPs are investors in the fund who usually have a more passive role in individual deals. Centroid confirmed F&F holds the right of first refusal which it intends to guarantee. "The right of first refusal is a right that allows the holder to determine whether or not to implement it once prices and conditions are determined through the auction process, and it is contradictory to want to stop the sale while hoping to exercise the right," Centroid said. The firm declined to comment further while JPMorgan, Jefferies and Goldman Sachs declined to comment. Founded in 1979, TaylorMade produces golf clubs, balls and other accessories and has offices in Canada, China, Japan, South Korea and Australia outside the U.S., its website shows. The company could not be immediately reached for comment outside U.S. hours. ($1 = 1,387.3900 won)
The Sun
a day ago
- Entertainment
- The Sun
I'm 5ft3 & a size 12/14 – my 7 Tesco dresses are an absolute bargain & perfect for a last-minute wedding guest outfit
A FASHION fan has revealed the seven finds from Tesco that are perfect for a last-minute wedding guest outfit. So if you've got someone's special day coming up round the corner and have no clue what to wear, fear not, you've come to the right place. 8 8 8 Christina Mitsi, a content creator from the UK, shared her candid thoughts on seven outfits from F&F, which are not only affordable but incredibly flattering too. The 5ft3 fashionista is a size 12/14 and posted her haul on social media with the caption 'If you're after budget wedding guest dresses then F&F Clothing at Tesco have a lovely selection at the moment and all under £36!' As part of her recent wedding guest dress series, Christina gave her followers a close-up look at the new-in supermarket buys, as she said: 'Wedding guest dresses from Tesco - yes, Florence and Fred have a lovely selection this year. 'None of these are above £36 - absolute bargain.' To kick off her haul, she modelled a blue and white floral frock, as she beamed: 'First of all, we've got this lovely blue one with the flowers. I thought the shape of this, the neckline in particular, is lovely. 'I love the puff sleeves, I think it's really nice and stretchy at the back.' Next up, Christina tried on a black and white maxi dress, as she explained: 'This one as well is a size 14 and I think this is perfect for me - the back is absolutely gorgeous. 'The length as well is actually really good, I'm only 5ft 3in so this will be a little bit shorter if you average size, but I love this one. 'It's black and cream but I still think it's wedding appropriate - and a lovely neckline there, not showing too much, lovely.' Following on from this, Christina was left beaming with a long-sleeve floral dress, as she continued: 'Look at this - perfect for twirling. I'm a size 14 and did the best Tesco summer haul - run before new co-ord sells out 'I know it's black, but because there's so much pink and green in it, it is like a really nice colour. The ruffles make it ever so fancy and nice. 'This is one of the £36 ones, the rest were a lot cheaper as well, some even in the sale. 'Lovely one this one. The length is really good on me.' She then modelled a 'gorgeous' sleeveless top and a maxi skirt, as she shared: 'So this is a skirt and the top separately - beautiful. "I think together in the same colour, it would be gorgeous. I really, really liked this.' And that wasn't all, as Christina then tried on a floaty mini dress, as she acknowledged: 'This one was lovely, I love how floaty this is, look at the arms. 8 8 8 'It makes you feel ever so floaty and feminine and nice, and I love that it's a little bit longer at the front than the back. 'Something a little bit different and really nice and comfortable to wear.' The bargain hunter then shared her honest thoughts on a tiered dress, which will set shoppers back £36. 'To be honest it was a bit hard to get into it first because it has a tight dress underneath it. Wedding Guest Outfit Etiquette If you're struggling to decided on a dress to see you through wedding season, here's a few rules on what not to wear so you don't get in trouble. Folklore says that wearing red at a wedding means you slept with the groom. Casual attire like jeans and flip flops should always be avoided. Any colour that could be picked up as white or cream - even if it's not. Most would agree that your cleavage needs to be covered. Wearing white is a massive no-no if you're not the bride. 'It does give a lovely figure, everything's sort of sucked in and in place and nice. 'The colour I think is just a little bit ageing for me and doesn't really go with my skin tone, but it's still a lovely shape dress and I think this would suit a lot of people,' she reflected. And finally, Christina looked gorgeous in the viral satin polka dot frock, as she concluded: 'Finally - I know what you're all gonna say, you can't wear white to a wedding, but I couldn't resist getting this one as well. 'As a lovely polka dot dress, I think this is gorgeous.' 8 8 Fashion fans beam The TikTok clip, which was posted under the username @ christinatmitsi, has clearly left many open-mouthed, as it has quickly racked up 239,700 views in just 24 hours. Not only this, but it's also amassed 3,695 likes, 276 comments and 367 saves. One person said: 'I like the polka dot one and the blue first one. You are an amazing model for us shorter girls, it gives a true reflection of what flatters our shape and size. 'Nice not to see a tall skinny girl modelling the clothes, that's no good to us.' Another added: 'Christina these are some of the nicest dresses you have tried on. Number one is my favourite.' A third commented: 'They all looked lovely on you. My favourite on you was the pinky coloured dress.' Meanwhile, someone else beamed: 'These are really pretty and you really suit them.' Unlock even more award-winning articles as The Sun launches brand new membership programme - Sun Club Hottest fashion trends of 2025 Fabulous' Fashion Editor Clemmie Fieldsend shares the biggest trends from the high street. The East/West Bag Baguette bags have had a good run, after returning from the 1990s' shoulders of Sarah Jessica Parker to modern-day fashion icons, like Hailey Bieber. In 2025, the East/West bag is a similar but elongated shape and has long, thin straps that are easy to throw over your shoulder. They've been on runway models' arms at nearly ever designer show - think Burberry, Givenchy and Bottega Veneta - and are hitting the high street now, too. Powder pink Bright fuchsia pink had its day after the release of Barbie in 2023 and now the more polished and expensive-looking pale shade is taking over for 2025. Pantone may say that it's the year of Mocha Mousse, but the catwalks say otherwise! From Prada to Erdem, the subtle look was all over the spring/summer catwalks, worn head-to-toe or on its own. If the sugary shade is too girly for you, then look to sharp suiting for a androgynous take on the colour. The shell jacket The '80s classic is back, but with a sleek and minimal new twist for 2025. We all know we're likely to see rain for most of spring, so your practical coat of choice should be a cagoule jacket. Depop revealed one of its big trend predictions for this year is retro sportswear, with surges already seen in '80s windbreakers'. Seen everywhere from the stylish streets of Copenhagen to the Miu Miu catwalk, now mums who have an emergency raincoat crumpled underneath their pushchair are very much in fashion! The turn-up jeans While the shape of jeans remains the same for this year and barrel-legs will still be everywhere, the way we're styling them is different. This season, transform your wide-leg, baggy denims into turn-ups. For this look, size doesn't matter, so while deep turn-ups are a hit from jean trend-leaders Citizens of Humanity, a slight fold is still just as good - but only as it's just one single fold. Peep-toe shoe Get your pedicures booked in sharpish, as this season your toes are the main event. After a long hiatus, the peep-toe has been welcomed back into the fashion fold, with brands like Hermes, Miu Miu and Tory Burch showing plain and embellished footwear in this style. From mules to pumps and clogs (yes, clogs will be around too!), there are lots of different styles that are set to sweep the high street. Sheer blouses See-through looks have always lived on the catwalk, but have rarely filtered into everyday life - until now. Designers Ralph Lauren and Tom Ford loved sheer looks on their S/S '25 catwalks and M&S even had sellout success with its black sheer pencil skirt last season. Expect to see more sheer looks lining supermarket aisles and high street shops in the form of skirts, tops and frocks.
The Sun
4 days ago
- Entertainment
- The Sun
The five-star Tesco summer dress that's only £18, flatters ‘large busted curvy bodies' and has handy side pockets too
SHOPPERS are flocking to Tesco to snap up an £18 dress that fashion fans say is so flattering on "large busted curvy bodies". 2 And what better way to get yourself excited for a well-earned break than by treating yourself to a new wardrobe. Tesco's F&F is one of the best-loved brands on the high street, and is constantly wowing us with its stylish but affordable fashion. From cute dresses to on-trend work attire, the supermarket fast-fashion range always hits the mark, and its new summer collection is no exception. Flattering on curvy bodies One dress in particular that has caught the eye of fashion fans is the F&F Slub Sleeveless Midi Dress in Green. The stylish frock has been rated five stars by shoppers, and is priced at just £18. The green gown is made with breathable, pure cotton that will help you to feel comfortable on hot summer days. It features pockets, so you don't even need to take a bag out with you on hot weather strolls, and it would look great dressed down with sandals, or dressed up with heels, for a posh holiday dinner. Tesco said: "Upgrade your warm-weather selection with this pure cotton sleeveless dress, cut to a flattering midi length with a flowing silhouette. "Complete with handy side pockets and a gathered waist, it can be styled up with gold-tone jewellery and a leather tote or pared back with simple sunglasses and flat sandals." The summer dress comes in a wide range of sizes, from XS to XL. shoppers go wild for Tesco's perfect summer co-ord However, it has proved so popular with fashion fans that it has already sold out in some sizes, so you better race to your nearest store to snap it up. Shoppers have raced to the comments section of the video to share their thoughts on the dress. One said: "Great dress." Another penned: "Great quality, very flattering on a large-busted curvy figure." How has Tesco's F&F upped its game By Fabulous' Fashion Editor Clemmie Fieldsend ZARA has become a high street staple in recent years thanks to its hot-off-the-catwalk designs and affordable prices. But recently those prices have risen with the brand's popularity. However, if you are looking for high fashion inspired outfits with low price tags you needn't drag yourself to your local shops, just head to the supermarket instead. F&F has come a long way from selling a few backs of T-shirts and fluffy dressing gowns and is now a must have shopping destination for thousands. They produce good quality, long lasting and on trend clothes that puts others to shame. F&F is filled with Zara dupes and other looks inspired by our favourite shops that will set you back less than £50 - and you can get them while you pick up your dinner. I for one love F&F denim, it's durable, fits really well and has all the best silhouettes. So even if you're not looking for reasonable prices but just want good clothes, get yourself to Tesco. More bargain dresses Another Tesco that has proved a hit with shoppers is the F&F Cotton Rich Sleeveless Ribbed Racer Midi Dress in Mink which has been slashed from £16 to just £9, a saving of almost 60%. The simple dress c an easily be chucked on in hot weather, and the sleeveless design will help to cool down sweaty armpits. The chic frock is available in a wide range of sizes, from size six to size 22. Fashion fans have also been raving about another F&F buy, the 'OH ME OH MY Pure Cotton Halter Neck Denim Dress' is priced at £25. According to Tesco bosses, the F&F buy is a 'retro-inspired addition to your summer collection". Thrifty fashionistas can snap up this fabulous dress for just £22.50.
The Sun
14-07-2025
- Entertainment
- The Sun
‘I need this,' shoppers go wild for Tesco's perfect summer co-ord
WHEN it comes to summer hols it's all about fashion - but making it comfy. A co-ord is a brilliant way to make a statement and looking effortlessly chic. 2 And Tesco has just released a new matching set that is perfect for the season. Fashion fans are in a frenzy over the loose fitting, F&F striped trouser and sleeveless top combo. Made out of woven, crepe fabric, the black and white number includes elasticated, floaty bottoms. And the matching vest has cute bow details on the sides. Tesco staff say: "This is the perfect outfit for this lush weather we're having or for holidays." The top is priced at £12.50 while the trousers are £16. Only available in store at the moment, shoppers have been dashing in to in grab the gorgeous set. One said: "Stunning, I love this. Another Tesco fan commented: "I'll be getting that for holiday." And a third added: "I need this." We told earlier how shoppers were racing to snap up a £19.50 'chuck on' summer dress that is "gorgeous on" and comes in three colours. perfect for weddings and comes in on-trend, classy colour. How has Tesco's F&F upped its game By Fabulous' Fashion Editor Clemmie Fieldsend ZARA has become a high street staple in recent years thanks to its hot-off-the-catwalk designs and affordable prices. But recently those prices have risen with the brand's popularity. However, if you are looking for high fashion inspired outfits with low price tags you needn't drag yourself to your local shops, just head to the supermarket instead. F&F has come a long way from selling a few backs of T-shirts and fluffy dressing gowns and is now a must have shopping destination for thousands. They produce good quality, long lasting and on trend clothes that puts others to shame. F&F is filled with Zara dupes and other looks inspired by our favourite shops that will set you back less than £50 - and you can get them while you pick up your dinner. I for one love F&F denim, it's durable, fits really well and has all the best silhouettes. So even if you're not looking for reasonable prices but just want good clothes, get yourself to Tesco.
