All Corporations articles – Page 41
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ArticleCoDi to acquire PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise ...
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News briefsCanadian Tire Corp launches first own activewear brand
Canadian Tire Corporation (CTC) has launched its first own activewear label, called Forward With Design (FWD), which was designed, developed and engineered in-house. CTC is a Canadian group of companies that includes a retail segment, a financial services division and a real estate investment trust. In the sports business, the ...
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News briefsSamurai strengthens European business, partners with logistics specialist Bleckmann
British sportswear brand Samurai has chosen Dutch logistics company Bleckmann as its partner for freight forwarding and cross-docking in Europe. Since an investment by Primosole Holdings in May 2021, Samurai has been on a journey to transform its business model from focusing exclusively on premium teamwear in the rugby and ...
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News briefs
DuPont Biomaterials sold, reincorporated as Covation Biomaterials
Following the completion of the purchase from DuPont for approximately $240 million, the Chinese Huafon Group has reincorporated former DuPont Biomaterials as a stand-alone company under the name Covation Biomaterials headquartered in the U.S. state of Delaware. Covation aims to create sustainable building blocks for customers to make innovative bio-based ...
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News briefs
S&P revises outlook for Wolverine Worldwide
S&P Global has revised its outlook on Wolverine Worldwide to negative but maintains its BB rating on the issuer credit rating. Wolverine ended the first quarter with a debt-to-equity ratio of 5.2x due to last year’s acquisition of Sweaty Betty, a $30 million settlement related to PFAS contamination at a ...
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News briefsFusalp gets new funding to support international development
High-end skiwear brand Fusalp has announced a new capital increase from the Mirabaud Patrimoine Vivant and Mirabaud Lifestyle Impact & Innovation private equity funds, thereby acquiring a minority stake in the company. The financial terms of the deal were not unveiled. The new funding is meant to help Fusalp develop ...
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News briefsNew Neinver outlet village in France in construction
Neinver, a company specializing in the investment, development and management of real estate and the leading operator of outlet centers in Spain and Poland, announced the resumption of construction of its outlet village “Alpes The Style Outlets” near Geneva. When completed, this will be the 17th outlet center of the ...
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News briefsHanesbrands reports software attack, consequences yet unknown
Champion’s parent Hanesbrands Inc. has released an SEC filing informing the public of a ransomware attack on the company. The U.S. company has activated its response, and business continuity plans to contain the incident. According to the statement, the company has notified the appropriate law enforcement agencies and cooperates with ...
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News briefsS&P affirms Foot Locker’s BB+ issuer credit rating
Although the rating agency acknowledged that lower Nike sales would impact the retailer’s revenue and margins, S&P Global affirmed Foot Locker’s BB+ issuer credit rating with a stable outlook. S&P also sees volatile fashion cycles combined with long sourcing lead times due to ongoing supply chain challenges as a risk ...
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News briefsIntersport South East Europe opens new 25,000-sqm logistics center
Source: Fourlis Group New Intersport logistics center, southeast Europe The Intersport South East Europe subsidiary, based in Greece, has opened its new logistics center, run by Trade Logistics S.A. (both companies belonging to the Fourlis group). The new 25,000-square-meter facility in Oinofyta/Boeotia is a fully automated distribution ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
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News briefsU.S. provider of “Gravity Sportswear” secures $6 million seed funding
Omorpho, a Portland, Oregon-based sports and fitness company that provides microweighted athletic apparel for fitness training, has closed a $6 million seed funding round at a $26 million valuation, bringing its total funding raised to $13 million. The investment was led by KB Partners, a venture capital firm focused on ...
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News briefsAdidas unveils expanded US headquarters
Adidas has completed a 20,400-square-meter expansion of its North American headquarters in Portland, Oregon. The project, which kicked off before the pandemic in 2018, includes three additional buildings on campus, a new gym, cafes, parking and a soccer field. The expansion was realized by the team of Portland-based Lever Architecture, ...
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News briefsKlarna to lay off 10% of workforce due to changing business climate
Germany’s Manager Magazin reports that Swedish fintech Klarna will lay off about ten percent of its roughly 7,000 employees. The startup, led by co-founder and CEO Sebastian Siemiatkowski, reportedly said that rising inflation and the war in Ukraine had impacted the business climate, making the move necessary. At its last ...
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News briefsBase Detall Sport to enter Portugal
Base Detall Sport is entering Portugal, according to CMDsport. The Spanish sporting goods purchasing group, founded in Barcelona in 1985 and a former member of Sport 2000 International, has signed a deal with Brands Leaders to clap its banner or that of Wanna Sneakers onto many of the latter’s Portuguese ...
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News briefsBorn Living Yoga plans to launch in America
Born Living Yoga, the Madrid-based company specializing in yoga apparel, plans to launch in Mexico this coming autumn through a partnership with Liverpool, Modaes.es has reported. This is supposed to be the first step toward the brand’s expansion across the American continent at large. Born Living Yoga will initially open ...
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News briefsTurkish footwear retailer apparently plans to take over 100 Reebok stores in Russia
According to Reuters, Turkish footwear retailer Flo Magazacilik is reportedly in the midst of negotiations to acquire more than 100 stores that Reebok owns and operates in Russia. The retailer is currently a wholesaler in Russia but does not operate its own stores there in the country. Authentic Brands, owner ...
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C-Suite InterviewPatrik Frisk: The last interview before stepping down as Under Armour CEO
“The difficult thing about brands is – you’ve got to make choices”. Patrik Frisk explains what he learned on his journey as a decision-maker in the sporting goods industry.
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News briefsBoris Becker International Tennis Academy stands loyal to its namesake
The founders of the Boris Becker International Tennis Academy (BBITA) in Hochheim am Main (Germany), Khaled Ezzedine and business partner Daniel Köhler, stand firmly by their namesake Boris Becker, even after the latest developments. The German ex-tennis pro was sentenced to two and a half years in prison in London ...
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ArticleSlinger becomes Connexa Sports Technologies
Slinger Bag Inc. is rebranding as Connexa Sports Technologies Inc, a connected sports technology company that brings together Slinger, PlaySight Interactive, Ltd, Gameface.ai and Foundation Sports Systems, LLC. As part of the restructuring, Slinger also moved its headquarters from Nevada to Delaware, effective May 16, 2022. With its portfolio of ...
