All Corporations articles – Page 26
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ArticleIntersport Austria continues to push the bike segment
Despite a moderate winter and partly mild temperatures, the winter business went well for Intersport Austria. In the first half of the fiscal year (Oct. 1, 2022 - March 31, 2023), the Austrian retail group reports sales of about €380 million, up 5 percent from the previous year. Among the ...
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News briefsTech company for shoe fitting secures €14 million in funding
SafeSize, the tech company that helps consumers find the perfect fitting shoes in physical and online stores, has raised €14 million in Series B funding, with the participation of Phaistos Investment Fund as well as existing investors Convent Capital and 3TS Capital Partners. SafeSize will use this capital to expand ...
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News briefsAlibaba to be divided into 6 business units
Alibaba will split into six business units that will have the right to raise funds independently and be listed. The restructuring aims to make the group “more agile, shorten decision-making links and respond faster,” Daniel Zhang, chairman and chief executive, wrote in a letter to staff. The six units will ...
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News briefsSpanish group’s plans so far paying off
Base Detall Sport continues to pursue its triple plan of expansion, verticalization and digitalization, according to Diffusion Sport. The Spanish group has now converted most of its stores to the new corporate image, and post-conversion sales are up on average by 20 percent. As we reported last month, the group ...
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News briefsHurley owner acquires fashion brand Scotch & Soda
Bluestar Alliance, a New York-based brand management company that also owns the Hurley surf brand, has announced the acquisition of Amsterdam-based fashion brand Scotch & Soda. The acquisition by Bluestar Alliance will allow Scotch & Soda and its products to continue in key markets, including the Netherlands, approximately one week ...
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News briefsL Catterton and HPC enter strategic partnership to bolster new fund platforms
Consumer-focused investment firm L Catterton has entered into a strategic partnership with Hunter Point Capital (HPC), under which HPC has made a passive minority investment in L Catterton. Bennett Goodman, co-founder and executive chairman of HPC, will subsequently serve as strategic credit advisor to L Catterton. In its 34-year history, ...
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ArticleGerman e-tailer SportFits with record year
The southern German e-commerce company Tourispo has grown rapidly for the fifth consecutive year with its SportFits online shop, recording sales of €18.6 million in fiscal 2012. Despite the difficult overall economic environment, the e-tailer was thus able to achieve growth of 55 percent year-on-year and record an increase in ...
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News briefsThe women sign up for Premier Padel
Premier Padel’s president, Luigi Carraro, appears to be as good as his word. As we reported last week, the league has been promising to bring women into its tournaments over the course of the current season. Indeed, Carraro said, the only reason the women weren’t playing already in the Ooredoo ...
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News briefsSecond expansion of ANWR Ordercenter O1 starts, to be opened next year
The ANWR Group is expanding its Ordercenter O1 in Mainhausen with a second extension building, thus manifesting its claim to expand the campus from a regional order location to a European marketplace. With the commissioning of the new site (planned to open in April 2024), more than 90 manufacturers will ...
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News briefsSports Direct parent interested in Go Sport?
Michael Murray, CEO of U.K.-based Frasers Group, Sports Direct’s parent company, told Bloomberg that buying the French chain Go Sport out of bankruptcy would allow his group to operate in France “with some authority rather than opening store by store,” which would significantly bolster Frasers’ plans to expand its sports ...
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News briefsCrash helmet sensor specialist Tocsen changes hands
Aleck, a manufacturer of wireless audio and communication systems for outdoor sports, has acquired Tocsen, a German brand of smart crash sensors for bicycle, snow and riding helmets. Tocsen was established in 2019 by Alexander Schumacher, Andreas Botsch and Malte Buttjer. The first Tocsen crash sensor was ...
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News briefsSpanish e-tail giant to start a brand of its own
Tradeinn has plans to develop a brand of its own. The Spanish e-tailer – which operates a single physical store (in Celrà) and more than a dozen separate websites (divvied up by sport) – was in Barcelona for Eshow, the trade fair for e-commerce and digital marketing. There, according to ...
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C-Suite InterviewSport 2000 International’s CEO is pushing its specialist concept
In part two of our interview, CEO Margit Gosau shares what Sport 2000’s new specialist concept might look like and her predictions for 2023.
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C-Suite InterviewMargit Gosau: “In times of crisis, sport seems to become more important”
In an exclusive interview, Margit Gosau CEO Sport 2000 reveals the group’s most successful categories and why Finland and Sweden are leaving
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ArticlePremier Padel to include women this season
The president of the International Padel Federation (FIP), Luigi Carraro, has told Relevo in an interview that women will be playing in the next tournament organized by Premier Padel – that is, after the Ooredoo Qatar Major, which took place from Feb. 28 to March 6. “If we’d had a ...
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News briefsAdidas to discontinue Runtastic App
Adidas is discontinuing its training app Runtastic, according to German online magazine Business Insider. Adidas acquired the Austrian startup, which launched in 2009, in 2015. Scott Dunlap, CEO at Runtastic & VP mobile at Adidas, who was appointed to succeed co-founder and CEO Florian Gschwandtner at Runtastic in 2019, has ...
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News briefsFrench court will examine options for Go Sport on April 18
The Grenoble Commercial Court has decided to study the continuation plan that Hermione People & Brands (HPB), Go Sport’s owner, the owner of Go Sport, intends to implement, as well as the takeover bids available on April 18. Intersport and Frasers (formerly Sports Direct) are among the potential buyers. French ...
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ArticleABG and G-III sign long-term license for Nautica Women’s in North America
Authentic Brands Group (ABG) signed a strategic, long-term license for its Nautica women’s apparel with G-III Apparel Group, a global expert in design, sourcing, manufacturing, distribution and marketing. Under the partnership, G-III will design, manufacture and distribute Nautica women’s sportswear, jeans, tailored apparel and dresses for the U.S. and Canada. ...
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefsAnta wants shares to also be traded in Chinese currency
Anta Sports Products is applying for approval from the Hong Kong Stock Exchange to allow its shares also to be traded in the Chinese yuan renminbi (RMB) currency besides the Hong Kong dollar under the dual counter model. The group said the change would be beneficial by allowing shareholders and ...
