Weekly M&A Debrief (29/06-05/07/2026)

By Dimitris Machairas and George Moschovis

FASHION & APPAREL

Camper Acquires 60% Stake in Ancient Greek Sandals

Camper, a Spanish footwear group, acquired a 60% stake in Ancient Greek Sandals. Co-founders Nikolas Minoglou and Christina Martini and co-owner Ioannis Vagenas will retain the remaining 40% and continue as CEO, Creative Director and Chief Brand & Marketing Officer respectively. The transaction is the first majority acquisition in Camper's history. Ancient Greek Sandals will continue to operate as an independent brand with production largely remaining in Greece. The deal gives Ancient Greek Sandals access to Camper's commercial infrastructure, technology, human resources and product development, supporting the opening of two new Athens stores within a year, a first store abroad, and expansion into Asia with emphasis on China, Japan and South Korea.

The Target

Ancient Greek Sandals, founded in 2012, designs, produces and sells handmade luxury sandals, footwear and accessories inspired by Greek heritage, distributed through wholesale, e-commerce and physical retail.

Revenue – FY2025*: €7.9m

EBITDA – FY2025*: €0.5m

Net Income – FY2025*: €0.2m

Net Debt – FY2025*: (€0.7m)

*Fiscal year ends 31 August (FY2025: 01.09.2024 – 31.08.2025)

The Buyer

Camper is a family-owned footwear group founded in 1975 and headquartered in Mallorca, Spain, now in its fourth generation under CEO Miguel Fluxà. The group, which also comprises CamperLab, Casa Camper and NNormal, operates c.350 own stores across 30 countries.

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