All Corporations articles – Page 15
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News briefsAlibaba invests another $630m in Lazada
China’s Alibaba Group Holding has invested an additional $634 million into Singapore-based e-commerce subsidiary Lazada to drive additional growth and compete against TikTok and others in the Southeast Asian market. TikTok, which is owned by Chinese technology group ByteDance, has announced that it will acquire a 75 percent stake in ...
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ArticleAsics sells outdoor subsidiary to Chinese investor
Hong Kong-based venture capital firm LionRock Capital acquired the Swedish outdoor brand Haglöfs from Japanese sports manufacturer Asics on Dec. 18, 2023. “Asics has been a supportive and actively involved partner, providing invaluable assistance throughout our journey together. We are thrilled to start a new chapter with LionRock as ...
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News briefsUS investor acquires Decathlon properties
French media report that US investor Realty Income has acquired part of Decathlon’s real estate assets. The transaction includes the sale of properties housing some 90 of the group’s stores in France, Spain, Portugal, Italy and Germany. The value of these properties is estimated at over €600 million and totals ...
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ArticleArena has become a Benefit Corporation
Arena has changed the legal status of its parent company in Italy to a Società Benefit, a purpose-driven corporate model known worldwide as “Benefit Corporation.” The transition was made with the support of Italy-based NATIVA - Regenerative Design Company, which supports companies in a radical evolution towards regenerative economic models. ...
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News briefsNew Balance commits $10 million to new sports leadership institute at UMass Boston
The University of Massachusetts Boston (UMass Boston) has announced a commitment of $10 million from New Balance Athletics, Inc. to establish the New Balance Institute for Innovative Leadership in Sport at the university. The donation will provide operational funds to launch the institute. The New Balance Institute for Innovative Leadership ...
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ArticleIrving invests in sneaker marketplace Kicks Crew
Kicks Crew, a global sneaker and apparel e-commerce platform founded in 2013 and based in Los Angeles, California, has secured international basketball athlete, artist and actor Kyrie Irving as an investor. The athlete, sponsored by Chinese sporting goods brand Anta and also serving as the brand’s Chief ...
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News briefsBODi announces $5.3m registered direct offering
California-based subscription health and wellness company The Beachbody Company (BODi) has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 543,590 shares of the company’s common stock (or common stock equivalents) at a purchase price of $9.75 per share of common stock ...
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ArticleLululemon eyes men’s, footwear as key growth opportunities
Lululemon, which last week called its early holiday sales “strong” and forecasted total Q4 revenues of $3.14 to $3.17 billion, intends to put extra attention on the men’s business and launch footwear for him in 2024. While the brand’s Q3 men’s sales increased by 15 percent, the group admitted men’s ...
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News briefsUvex subsidiary BSA to shut down, 190 jobs affected
German Uvex Group plans to close an independent Uvex subsidiary, B-S-A Gesellschaft für Kunststoffverarbeitung und -handel mbH (BSA), based in Obernzell, where bicycle, riding and winter sports helmets have been produced for 30 years, by the end of 2024. All 190 jobs are to be affected by the closure. Uvex ...
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News briefsGolden Goose enters the pádel game
Golden Goose has entered the market for pádel, according to Women’s Wear Daily, Fashion Network and La Gazzetta dello Sport. The sneaker brand is putting its stamp on a pádel club called Atlante Arena, the fruit of a partnership with Demetrio Albertini and Lorenzo Alfieri, who founded the City Padel ...
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ArticleSigna insolvency proceedings: €5bn in liabilities
The restructuring proceedings with self-administration for Signa Holding GmbH were opened at the Commercial Court in Vienna on the evening of Nov. 29, 2023. According to the AKV creditor protection association, 42 service providers and 273 creditors are affected. According to the application, the debtor has assets with a book ...
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ArticleAlibaba’s president steps down from Farfetch board
J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...
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News briefsXponential acquires metabolic health brand, partners with fitness and dance platform
Xponential Fitness has agreed to acquire the metabolic health brand Lindora. Under the terms of the transaction, Lindora’s 31 clinics will become Xponential franchise locations, and Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally. The transaction is expected to close in early 2024. Founded ...
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News briefsMacron announces major headquarters expansion
Italian sportswear brand Macron is investing in a new project that will see the construction of two new buildings in an area alongside its current headquarters in Valsamoggia, near the city of Bologna. The new campus will be a multifunctional complex featuring offices, showrooms, areas for material testing, production facilities ...
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News briefsAsics works on enhancing personalization and data protection compliance
Asics has selected Boston-based pure-play customer data platform (CDP) BlueConic to reimagine how it engages with customers. The move will empower the Asics team to support a growing number of personalization projects while remaining compliant with consumer data privacy regulations around the globe. With operations across the Americas, Europe, the ...
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News briefsCastore secures £145 million investment
British sportswear brand Castore has announced that it has secured growth investment in a funding round led by Raine Partners, the equity arm of The Raine Group. Hanaco Ventures and Felix Capital also participated in the investment through their respective growth funds. The £145 million (€169m) investment will allow Castore ...
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News briefsSportScheck files for insolvency, Frasers pulls out - for now
After the real estate and retail holding company Signa, led by Austrian magnate Rene Benko, filed for insolvency last week following failed attempts to secure new financing, German retailer SportScheck GmbH has now also filed for insolvency. SportScheck has 34 stores in Germany and reported annual sales of around €350 ...
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ArticleWeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...
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ArticleAsics sets FY26 targets, eyes operating margin of 12 percent
Asics Corp. has raised its profitability and sales bars in a new three-year strategy unveiled this week. The Japanese company wants to achieve a 12 percent operating margin in 2026 on 7-10 percent sales CAGR over forecasted FY23 revenues of ¥570 billion (€3.51b). To achieve those objectives, the group says ...
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News briefsCanada Goose acquires its first European factory
Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania. These will now become the brand’s first factory in Europe. Its other seven factories are all in Canada. Paola Confectii has been supplying knitwear to Canada Goose since its founding in 2017. Its General Manager, Giannino Lessi, ...
