All Corporations articles – Page 40
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ArticleSSU outlines U.S. growth strategy
Signa Sports United (SSU) aims to strengthen its position in e-bikes and tennis in its core European market while implementing a similar approach in the U.S. through a combination of organic growth, mergers and acquisitions and third-party services, according to a presentation (direct PDF download) at the Jefferies Investor Conference ...
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C-Suite InterviewTecnifibre-CEO Nicolas Préault: “We are a player’s company”
Nicolas Préault, CEO of Tecnifibre since 2018, explains what the company’s targets are, and how they want to triple net sales until 2025.
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
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News briefsMondelēz to buy Clif Bar for $2.9 billion
Mondelēz International will buy Clif Bar & Company for $2.9 billion with the potential for additional payments. The goal is to complete the purchase in the third quarter. “Mondelēz International is the right partner at the right time to support Clif in our next chapter of growth,” Sally Grimes, chief ...
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ArticleOuttra establishes expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
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ArticleSaysh secures $8m in funding from Gap's Athleta and others
Consumer-focused fund IRIS and Gap Inc.’s performance lifestyle brand Athleta have led an $8 million Series A funding round for startup sneaker and lifestyle company Saysh. Other investors in the funding round include the 50-percent female early-stage team at Redpoint Ventures, a venture capitalist that has successfully invested in companies ...
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News briefs
Liberated Brands acquires surfing brand Captain Fin
Surf lifestyle and hardgoods brand Captain Fin Co. has been acquired by Liberated Brands, the global master licensee for Volcom and Spyder. Based in San Diego, Captain Fin has been designing and building surfboard fins, clothing and surfing accessories since 2007. Liberated Brands, which has its global headquarters in Costa ...
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News briefs
Wyve raises €1.1 million from BACS-Innov
Wyve, the French maker of 3D-printed surfboards, has raised €1.1 million from BACS-Innov. Wyve was founded by Sylvain Fleury and Léo Bouffier in 2018, and is based in Anglet. BACS-Innov is an investment firm headquartered in Lyon that supports young and innovative start-ups in various sectors insofar as the investors ...
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News briefs
Mbappé partners with WME to create his own content production company
Football star Kylian Mbappé signed an agreement with WME Sports and established his own content creation arm, Zebra Valley. WME Sports is the sporting department of Hollywood talent agency WME. Aged only 23, Mbappé won the 2018 FIFA World Cup in Russia with the France national team and four Ligue ...
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News briefsUnifi announces share repurchase program, leadership and board updates
Unifi, the U.S.-based manufacturer of recycled and synthetic yarns, including Repreve, announced that it repurchased 500,000 shares of its common stock from certain entities affiliated with Impala Asset Management LLC for $6.8 million. The repurchase was made under Unifi’s previously announced share repurchase program. Accordingly, Unifi repurchased a total of ...
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News briefs
Turtle Fur changes hands
IcebVenture 7 Advisors announced that private equity firm Camano Capital has acquired a majority stake in Turtle Fur, a Vermont-based manufacturer and distributor of headwear and accessories for the snowsports and lifestyle markets. Richard Sontag, owner of Turtle Fur, will retain a partial stake in the company. Venture 7 Advisors ...
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News briefsAltamont Capital Partners exits investment in Excel Fitness
After a six-year partnership with Excel Fitness, a Planet Fitness franchise group, California-based Altamont Capital Partners has exited its investment with the sale of the company Olympus Partners from Connecticut. As part of the transaction, which closed last month, Excel’s management team and founders worked with Altamont to establish a ...
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News briefsNew eco-friendly eyewear brand from Switzerland
Veteran action sports designer Tony McWilliam is the driving force behind Attika, a new eco-friendly sports eyewear manufacturer that uses only biopolymers and recycled materials instead of virgin plastic and offers a repair service and used product (end-of-life) collection. Based in Verbier, Switzerland, Attika says its management team includes seasoned ...
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ArticleMips with new strategy, updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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News briefsLille Stadium to become Decathlon Arena in €6 million naming deal
The Pierre Mauroy Stadium in Lille, in France’s northeast, is set to become the ”Decathlon Arena” following the signing by the French sporting goods manufacturer and retailer of a renewable five-year deal worth €6 million with the European Metropolis of Lille (MEL), which manages the facility. France Bleu first revealed ...
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News briefsFischer plant in Ukraine reportedly continues to operate
According to an online report by Italian trade publication Outdoor Magazine, the ski manufacturing facility in Mukachevo, Ukraine, is continuing operations during the country’s conflict with Russia, although with some limitations due to the current situation. The plant, owned by Austrian company Fischer Sports, produces skis and snowboards for its ...
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News briefs
Adidas taken out of Stoxx Europe 50
Due to its share price losses by market capitalization in recent months, Adidas shares are expelled from the Stoxx Europe 50 index. According to the so-called “fast entry rule,” the sporting goods company will be replaced by Swiss raw materials and mining group Glencore as of June 20. Adidas’ stock ...
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News briefsUnder Armour to be dropped from S&P 500 Index
Under Armour will be moved from the S&P 500 Index to the S&P Midcap 400 Index, effective June 21, according to a statement from S&P Dow Jones, after the company struggled with disappointing quarterly results in recent weeks. The U.S. sportswear brand had been included in the S&P 500 since ...
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News briefsRocky Brands completes cost savings review
Rocky Brands will close the Boston office it obtained with the acquisition of Honeywell International’s lifestyle footwear business that includes the Xtratuf and Muck brands, and cut its non-manufacturing headcount by approximately 13 percent. The actions are expected to result in $3.0-$4.0 million in annualized savings for the company that ...
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News briefsRYU appoints CFO
Vancouver-based sportswear brand RYU Apparel Inc. has hired Robert Lelovic as its new chief financial officer. Lelovic brings two decades of experience building publicly traded companies in various industries, from technology companies in Silicon Valley to the energy sector in Canada’s oil fields and Toronto’s financial district. During his time ...
