This thesis analyzes four individual corporate finance-related research objectives on the
fashion and leather accessories industry. The first two studies investigate the share price
reactions of strategic bidder M&A transactions and their key drivers. The third study analyzes
the implications of a missed disposal opportunity in the luxury fashion segment. Finally the
fourth study illustrates the long-term performance and changes in systematic risk exposure of
initial public offerings in the fashion industry. The thesis contains a variety of empirical
findings that are novel to the existing literary base of corporate finance research. It shows
the various drivers of consolidation in a highly-dynamic and heterogeneous industry segment
over the course of the last two decades.
