All Corporations articles – Page 12
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News briefsRayox foresees a Spanish pickleball boom
Two years ago, three Spaniards – Samuel Rodríguez, Daniel Rodríguez and Jordi Francés – founded a racquet factory in the US – in Waterbury, Connecticut, to be exact. They called it Rayox Sport. “Samuel told us from the US that pickleball was sweeping the market, and we decided to take ...
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News briefsAlibaba logistics unit Cainiao drops IPO plans
Alibaba announced that its logistics subsidiary Cainiao Smart Logistics Network Limited has withdrawn its initial public offering and listing application on the Hong Kong stock exchange. The Chinese online retailer plans to offer minority shareholders of Cainiao, including employees, the possibility to sell all their shares for $0.62 per share, ...
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News briefsRevelyst acquires PinSeeker
Revelyst, the outdoor product segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, has finalized its acquisition of PinSeeker, a leading simulator off-course golf and connectivity app previously under the Wasserman portfolio. “The PinSeeker team is thrilled to begin our next chapter as part ...
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News briefsAuthentic Brands Group nearing deal for Boardriders brands in Europe
Authentic Brands Group is on the verge of finalizing a partnership deal for the Boardriders brands in Europe.
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News briefsSwedish recycler goes bankrupt
Swedish textile recycler Renewcell has been declared bankrupt by the Stockholm District Court. The company made its filing for bankruptcy on Feb. 25. Renewcell has failed to secure the capital and liquidity to complete the strategic review it announced in November 2023 and maintain operations. It had been negotiating with ...
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News briefsFanatics cuts 100 jobs at commerce division
Sports licensing giant Fanatics is cutting more than 100 jobs from its commerce division, its largest unit, including workers at its Tampa, Florida, and Easton, Pennsylvania, facilities. The news was first reported by Sports Business Journal (SBJ). The cuts included VPs, directors and managers, says the report, which also stresses ...
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ArticlePuma CEO Arne Freundt: “Puma is the challenger in sports and sports culture”
Puma is facing a crucial year in a difficult market environment. Sharpening the brand profile and raising consumer awareness in two difficult markets is key for the brand in 2024.
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ArticleMoncler: Grinta withdraws from Double R, signs consultation agreement with RPH
Italian luxury outdoor fashion company Moncler S.p.A., on behalf of Double R Srl, Ruffini Partecipazioni Holding Srl (RPH) and Grinta Srl, announced that Grinta, a corporate vehicle of the Rivetti family, has announced its withdrawal from Double R. Double R is a sub-holding company controlled by RPH, a holding company ...
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News briefs360 Padel Group shutters its running e-comm
StreetProRunning, the e-commerce platform set up by the founders of Pádel Nuestro, stopped selling its running shoes and related products on Feb. 2, as we have learned from CMDsport and confirmed on the website. The company is still handling guarantees and returns. StreetProRunning came online in the summer of 2016 ...
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ArticleEOC launches Collective Progress Initiative, aiming to achieve net zero by 2050
With the launch of the Collective Progress Initiative, Elevate Outdoor Collective’s (EOC) global brands – K2 Skis, K2 Snowboarding, Marker, Dalbello, Völkl, Ride Snowboards, Line Skis, Backcountry Access, Atlas Snow Shoe Co, Tubbs Snowshoes, Madshus and K2 Skates – are working hand-in-hand to eliminate waste and maximize the recyclability and ...
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News briefsPuma steps into the digital future with Touchtech partnership
Touchtech, a platform renowned for its sales assistance tools, has announced a collaboration with Puma Group. The move reflects Puma’s commitment to digitalization in a rapidly evolving retail landscape. Andres Castro, Team Head of Customer Connectivity at Puma Group, emphasized the importance of digitalization to meeting the evolving needs of ...
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ArticleNike announces 2% workforce reduction
Nike has officially confirmed a 2 percent reduction in its workforce, following months of speculation. This decision aligns with the company’s goal to streamline operations and save up to $2 billion in costs over the next three years, as announced in December. CEO John Donahoe sent an internal memo to ...
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ArticleMaker of VR NFL game raises $20m
StatusPro, the virtua reality (VR) company of two former NFL players, Troy Jones and Andrew “Hawk” Hawkins, is to receive $20 million in a series-A funding round led by Google Ventures (GV). The company produces first-person sports games that use “real-time player data.” Its game NFL Pro Era works on ...
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News briefsHanover Communications launches Hanover Sport
Hanover Communications, a London-based communications and public affairs consulting firm, has announced the launch of Hanover Sport, to consolidate its sport-related offering. Rebecca Hargreaves, former Director at The Playbook, has been appointed as the first Director of Hanover Sport. Hargreaves has more than 15 years of experience with sports brands ...
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News briefsPerfect Moment announces pricing for IPO
London-based luxury lifestyle brand Perfect Moment Ltd. has announced the pricing of its initial public offering of 1,334,000 ordinary shares at a price of $6.00 per share. This represents gross proceeds of approximately $8 million before deducting underwriting discounts and offering expenses. In addition, Perfect Moment, a provider of technical ...
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News briefsAmer Sports raises $1.365 billion in NYSE IPO
Amer Sports, the parent company of Arc’teryx, Salomon, Wilson and other brands, raised $1.365 billion in its IPO on the NYSE through the sale of 105 million shares, 24 percent below the $1.8 billion the company had originally planned to raise. Nonetheless, yesterday’s IPO valued Anta Sports at $6.5 billion, ...
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News briefsJD Sports halts compensation, sparks retail bankruptcy
The parent company JD Sports Fashion Plc made the decision to cease compensating the losses of Sports Unlimited Retail in November 2023. As a result, Sports Unlimited Retail filed for bankruptcy. JD Sports, the parent company of Aktiesport, Perry Sport and Sprinter shops in the Netherlands, has been experiencing significant ...
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News briefsConnexa raises $16.5 million, regains compliance with Nasdaq minimum equity rule
Nasdaq has confirmed that Connexa Sports Technologies, the parent company of Slinger Bag, has again met Nasdaq’s minimum equity requirements with three non-US companies investing $16.5 million in the company, whereby Connexa sold 2,330,200 shares and warrants for an additional 25,169,800 shares. The investments came from Hong Kong-based Andy and ...
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News briefsUK ski clothing brand Perfect Moment files for US IPO
London-based skiwear brand Perfect Moment Ltd plans to list on the NYSE American (formerly AMEX) under the symbol “PMNT“ and raise $8 million by offering 1.2 million shares in a price range of $6 to $7. The company had previously requested an offering of 2.5 million shares in the same ...
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News briefsSigna Holding withdrawn from self-administration
By order of the Commercial Court of Vienna dated Jan. 25, 2024, Signa Holding GmbH was withdrawn from self-administration upon its own request. The proceedings will now be continued as restructuring proceedings without self-administration. This was announced by the Viennese lawyer, Dr. Christof Stapf, who was appointed as administrator. The ...
