Fashion M&A Activity Rises in 2026 Despite Macroeconomic Challenges
Despite macroeconomic challenges such as inflation and geopolitical uncertainty, the fashion industry has seen a rise in mergers and acquisitions (M&A) activity. According to Capstone Partners' consumer investment banking group report, there were 75 deals closed or announced in apparel, footwear, and accessories sectors by mid-2026 — up 21% from the previous year. The increase was largely driven by a surge in accessory-related transactions, which tripled compared to last year. Apparel and jewelry deal numbers declined slightly while footwear activity rose modestly. The report noted that brands with resilient business models continue attracting interest despite weaker appetite for those tied to discretionary spending or supply chain issues. Valuations have also increased, averaging 9.8 times EBITDA in the first half of 2026 compared to 7.7 times during the previous two years. The report highlights how trends like GLP-1 weight loss drug adoption are reshaping consumer demand for activewear and lifestyle apparel.
Topics: consumer spending fashion mergers and acquisitions valuation trends