All Corporations articles – Page 84
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ArticleThe German Cartel Office blesses Signa’s takeover of SportScheck
Following a comprehensive investigation, the German Cartel Office has concluded that the planned acquisition of SportScheck by the Austrian-based Signa Retail Group via its Galeria Karstadt Kaufhof subsidiary can go ahead as the new conglomerate resulting from the transaction will have a market share of less than 15 percent in ...
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ArticleGresvig goes bankrupt
A new, unnamed strategic investor is in line to take over majority control over the Gresvig Retail Group, according to our sources. The second-largest Norwegian sporting goods retailer, which recently decided to rebrand all its stores to the Intersport banner (SGI Europe Vol. 30 N° 29+30 of Aug. 29, 2019), ...
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ArticleSigna expands in Spain and Switzerland
Signa, the Austrian-based real estate and retail giant is further expanding its reach beyond the core German market with a small acquisition in Spain and a bigger one in Switzerland.
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Article
A rule change to deal with Nike’s Vaporfly
In response to controversy over Nike’s Vaporfly running shoe and the bouncy carbon-fiber plate inserted in its sole, World Athletics has instituted new regulations on athletic footwear worn for competition (For background, see SGI Europe – Vol. 31 n°2+3 of Jan. 24).
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Article
Uncertainty over the non-recreational use of Nike’s Vaporfly
Last year, the Kenyan distance runners Eliud Kipchoge and Brigid Kosgei made headlines around the world. Kipchoge became the first human being ever to run a marathon – albeit an unofficial one – in less than two hours, while Kosgei broke the women’s world record for the same distance. Both ...
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Article
Sportmaster employs AI to improve retail network’s effectiveness
The biggest Russian sporting goods retailer has adopted artificial intelligence, using algorithms supplied by a Kiev-based IT company, Softline, in a bid to streamline the internal logistics network. Softline has supplied the hardware and a software system, Nvidia DGX-2, whose performance can be compared to that of dozens of servers.
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News briefs
Spartan Race acquires Tough Mudder’s U.K., Canadian and German events
Spartan Race, the global leader in obstacle course racing, recently announced the acquisition of Tough Mudder’s U.K., Canadian and German events. This is the first step in an effort to merge both obstacle course race leaders. Events in these countries will continue to be operated by the same team and ...
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News briefs
Anllian Capital is issuing convertible bonds
Anllian Capital – a special-purpose investment vehicle belonging to Anta Sports Products that directly or indirectly owns just over 59 percent of Amer Sports through the Mascot Bidco consortium – is issuing convertible bonds with a zero coupon worth €1 billion. Issued at a price 0.25 percent higher than the ...
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News briefs
Zalando completes construction of two buildings
In the summer of 2019, Zalando completed the construction of buildings X and O in Berlin. In April 2020, the e-commerce company will be starting the construction of another building (Z) in Friedrichshain, Berlin. The new building is expected to offer a flexible working environment, allowing employees to work individually ...
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News briefs
Oberalp to add sixth brand of mountain sports products
The Oberalp Group, which owns Salewa and other brands, indicated at its recent sales meeting that its “Brand House” is going to soon add a sixth brand of mountain sports products. Declining to provide any details at this stage, Ruth Oberrauch, brand manager and sustainability manager of the group, said ...
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News briefs
Ecco is setting up a new factory
Ecco is setting up a new factory that will employ 1,400 people in Vietnam, according to a Danish financial newspaper, Børsen. Quoting the Vietnam Economic Times, the report estimates the initial investment at $30 million. The factory is expected to be ready at the end of the year. Ecco already ...
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News briefs
New Era Cap celebrates 100th anniversary
New Era Cap has announced that it will be celebrating the company’s 100th year anniversary with special collections, global partnerships, and an exhibition at the Buffalo History Museum. The company was founded in Buffalo, in the U.S. State of New York, as a headwear company by Ehrhardt Koch, the great ...
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News briefs
Specialized loses French office in fire
Specialized lost its French office at Charmes-sur-Rhône to fire on Jan. 9. The cause remains unknown. The building was also the headquarters of an architectural firm. No one was killed. According to a local newspaper, Le Dauphiné, the French region of Ardèche will be providing financial aid to both firms. ...
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News briefs
Philipp Plein is discontinuing Plein Sport
Philipp Plein, the German luxury fashion company, is discontinuing its dedicated sports line, Plein Sport. Instead, sports products will be integrated into the main collection in the future, with a potential especially for sneakers. The sports line was launched in 2016, with a plan to open around 50 stores within ...
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News briefs
Milliken to acquire Borchers Group
Milliken & Company, which operates in chemicals, consulting and training, floor coverings and textiles, has signed an agreement to acquire Borchers Group, a chemicals company in Westlake, Ohio, currently owned by the Jordan Company. The deal should close sometime this month, after clearing the customary hurdles. According to Milliken, Borchers’ ...
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News briefs
Hummel acquires two Danish sports brands
Hummel has acquired two other Danish sports brands, Halo and Newline, from Performance Group Scandinavia. The purchase price has not been disclosed. Founded in 1981 by a parachutist and pentathlon athlete, Helge Petersen, Newline specializes in running and cycling apparel, complemented by running shoes since 2011. Halo is a recent ...
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News briefs
VF Corp. exploring workwear divestments
VF Corp. is exploring options for divestments in its occupational workwear segment. The nine brands under review are Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. Dickies and Timberland Pro are excluded. For VF’s chairman, president and chief executive, Steve Rendle, “divesting these brands ...
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Short stops
As part of a review of its corporate governance, which...
As part of a review of its corporate governance, which was announced at its general meeting last July 3, JD Sports Fashion will present a new remuneration policy in its annual report on April 15 that will be submitted for shareholders’ approval in the summer
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ArticleRussia’s Sportmaster buys the Danish chain by the same name
Sport Danmark, the company that owns the Danish loss-making Sportmaster chain of sporting goods stores, was sold on Dec. 23 by Nordic Capital to a company in Singapore, Sportmaster Operations Pte., created by the Russian Sportmaster Group in 2012 to oversee its development in China and to conduct acquisitions in ...
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News briefs
Trisport, which has been the exclusive importer of Kettler in...
Trisport, which has been the exclusive importer of Kettler in Switzerland for 40 years, has reportedly acquired the fitness equipment patents of the insolvent German brand and the trademark rights for its distribution in Europe. Kettler's holding company will keep the rights for the brand's tennis tables. Trisport will show ...
