Ecom Teams insolvent following dispute with Danske Bank
Ecom Teams (former Footway Group) intends to report its bank’s actions to the Swedish Financial Supervisory Authority for investigation.
Intersport Spain files for insolvency
Operations continue and, the company hopes, will endure.
Quiksilver, Billabong, Volcom stores shuttering in US and Canada
Liberated Brands, North American licensee for surf and skate brands like Quiksilver, Billabong and Volcom, filed for Chapter 11 bankruptcy protection in the state of Delaware on Jan. 2–3, according to SGB Media. Liberated had been handling these accounts since 2023. The brands themselves live on.
New round of layoffs at VF Corporation
The owner of Vans, The North Face and other popular brands is going through a major turnaround plan.
Retailer Sneakersnstuff – from €100m in turnover to bankruptcy
Sneakersnstuff, or SNS, is no more. The sneaker company that grew from a single shop in Stockholm in 1999 to a global brand with stores in New York, London and Tokyo and a turnover of €100m, has filed for bankruptcy. But maybe it’s not yet over, if one of the founder’s gets what he wants.
Adidas to close offices of sports app developer Runtastic in Austria
The closure affects 170 employees as part of the German company’s strategic shift to centralize digital operations.
Siux is on its own
The brand now forms part of a new company.
Galeria’s insolvency proceedings completed, restart under own management
The insolvency proceedings of the German department store chain, formerly Galeria Karstadt Kaufhof, have been successfully concluded after almost seven months with the implementation of an insolvency plan.
PIF seeks 50 percent of Selfridges
Saudi Arabia’s Public Investment Fund has reportedly offered to raise its stake in the department store chain.
Decathlon leaves Sweden, replaced by Swedish giant
A press release dated July 8 revealed the news that had been expected for several weeks: Decathlon will close its last Swedish door on July 21. The last store of the French giant will soon be occupied by a Swedish giant.
