All Corporations articles – Page 20
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ArticleRussian sporting goods retailers Lestate and Sportmaster launch private label lines
Russian sporting goods company Lestate has submitted an application to the state patent agency Rospatent to register its own brand Rank. At the same time, the Russian largest sporting goods retailer rolled out plans to register the third line of sporting goods under the Athlex brand. Goods under the Rank ...
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News briefsLe Coq Sportif reportedly seeks €30 million in equity financing
In March 2020, Le Coq Sportif secured an agreement to supply apparel for the French Olympic and Paralympic teams for the Paris 2024 Games. The brand was awarded the kit deal as a result of an apparel supplier tender that was issued in September 2019. Three years later, and just ...
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ArticleAll Good Things closes Series A financing, plans to expand UK store network
All Good Things, a UK-based independent retailer founded in 2019 selling exclusively used, torn or repaired clothing, announced that it has received a £2.5 million (€2.93m) equity investment. The funding was provided by Souter Investments in conjunction with a broad range of experienced former retail employees, including Ben Barnett (former ...
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News briefsSrixon Sports Europe opens new headquarters in Surrey
The European subsidiary of the Srixon Srixon Sports Europe has moved into new headquarters in Ash Vale in Surrey, England. The new facility, located about 15km from the company’s former office in Alton and 60km southwest of London, features more than 2,200 square meters of office space as well as ...
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News briefsWolverine Worldwide amends credit facility
The deal, a fourth amendment to its existing credit agreement, will give the Merrell and Saucony parent more near-term financial and operational flexibility for the remainder of its fiscal year as it continues implementing its turnaround plan. Wolverine’s maximum consolidated ratio under the new amendment moves to 4.875x Ebitda from ...
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ArticleXponential signs Club Pilates master franchisee in France
Xponential Fitness, a California-based international franchisor of boutique fitness brands, has signed a master franchisee agreement in France for its Club Pilates brand, marking its 19th international country outside of North America. The agreement, signed with TCMP Fitness and partners Susan and Chris Fichaud, gives the master franchisee the ability ...
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News briefsApparel brand Kit and Ace bought by Unity Brands
Unity Brands Inc., a brand management and consulting firm, has acquired the Canadian technical lifestyle and apparel brand Kit and Ace Technical Apparel Inc. With the acquisition, Unity Brands aims to “propel Kit and Ace into a future marked by enhanced strategic initiatives, expanded market presence, amplified brand campaigns, elevated ...
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News briefsLPGA sponsors reap up to 400% return on their investment, suggests new report
Brands that sponsor the Ladies Professional Golf Association (LPGA) are gaining up to a 400 percent return on their investment, according to a report from global sports and entertainment intelligence platform SponsorUnited. The report was compiled using SponsorUnited’s proprietary platform, based on data from 1,200 brands, 75 athletes and nearly ...
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ArticleJD Sports to acquire all remaining shares of Iberian Sports Retail Group
JD Sports Fashion has announced its intention to acquire the remaining 49.98 percent stake in Iberian Sports Retail Group (ISRG), currently held by Balaiko Firaja Invest and Sonae Holdings, for a total cash consideration of €500.1 million, to be funded from the group’s existing cash resources. Upon completion of the ...
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ArticleMAS Holdings invests in HeiQ AeoniQ
MAS Holdings, a global apparel and textile group headquartered in Sri Lanka, has secured an investment in HeiQ AeoniQ™ to support the development of next-gen cellulosic filament fibers to replace polyester and nylon. MAS Holdings is the largest apparel and textile manufacturer in South Asia with sales of approximately $2 ...
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News briefsCoats sells European zips business to Aequita
Shortly after the company announced the launch of a new footwear division, Coats Group, the British multinational specializing in the manufacture of yarns and structural components for apparel and footwear, announced the sale of its Opti Zips EMEA business to Aequita for an expected $1 million after the deduction of ...
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News briefsHighsnobiety lays off 10% of its workforce
Highsnobiety has laid off around 10 percent of its workforce – around 24 employees – across several departments, including editorial, commerce, data and marketing, according to Business of Fashion. Breaking the news, BoF cites Highsnobiety Founder and CEO David Fischer and Chief Operating Officer Jürgen Hopfgartner as blaming unfavorable ...
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ArticleMcKinsey analysis: 6 key strategies to succeed in the sporting goods market
How can you gain a competitive edge and realize growth? In this exclusive content from McKinsey, we outline what your strategy should include.
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ArticleEverysport Group acquires equestrian sports media company
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, has reached an agreement to acquire equestrian media company Hippson Aktiebolag. The seller of the transaction is Perlavita AB, which is owned by AltoCumulus (a family business within the Axel Johnson Group). The acquisition complements Everysport’s existing ...
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News briefsAuthentic Brands Group raises $500 million from General Atlantic
Authentic Brands Group has announced a $500 million primary follow-on investment from global growth equity firm General Atlantic, its current investor. The continued partnership with General Atlantic is meant to support Authentic’s worldwide expansion. General Atlantic first partnered with Authentic in October 2017. The latest investment brings General Alantic’s total ...
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ArticleCoats launches new footwear division
Coats, the UK-based manufacturer of industrial yarns and structural components for apparel and footwear, has launched a new footwear division following its acquisition of Texon and Rhenoflex in 2022. Following a period of integration, Coats Footwear was launched, offering an expanded range of components and material solutions to footwear and ...
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ArticleKoroyd grows with new HQ, new hires and brand relaunch
Koroyd, a Monaco-based company offering an advanced impact protection technology, announced significant strategic growth developments across the company, including a move to an expanded headquarters, new hires across the business, a complete relaunch of its brand identity and messaging, and category growth in key markets. Over the past 18 months, ...
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ArticlePangaia and Goldwin first to join Spiber’s “Biosphere Circulation” program
Japanese biotechnology start-up Spiber has introduced the “Biosphere Circulation Program,” a breakthrough method for upcycling biobased and biodegradable textile and agricultural waste through the use of the company’s proprietary fermentation technology. The main objective of the program is to develop a global solution to produce fully recyclable textile products that ...
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News briefsSafilo, Hilfiger extend licensing agreement ahead of schedule until 2030
Italian Safilo Group announced the early renewal of its global licensing agreement with Tommy Hilfiger, owned by PVH Corp., for the design, manufacturing and distribution of Tommy Hilfiger branded sunglasses and optical eyewear collections until Dec. 31, 2030. “We are very pleased to continue our collaboration with Safilo,“ commented Martijn ...
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ArticleInvestment company acquires Aqualung Group
Barings, a global investment manager, has entered into exclusive discussions to acquire 100 percent of Aqualung Group, owner of the Aqualung, Apeks, Aquasphere, Omer, Military Professional, Stohlquist and U.S. Divers brands of diving equipment and water sports. Aqualung, the Group’s best-known brand, pioneered the development of modern diving equipment in ...
