All M&A articles – Page 17
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ArticleFrasers Group to acquire some of DW’s gyms and stores
Frasers Group says that it has bought some of the gyms and sports stores of its rival Dave Whelan Sports group out of administration for £37 million (€41m-$48m). Its revenues wiped out by the coronavirus lockdown, DW Sports was placed in the hands of BDO Business Restructuring earlier this month, ...
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Hurley family acquires Simple
Through Simple Shoes – a new entity operating within its Kandui Holdings – the Hurley family has acquired the outstanding assets and intellectual property of the Simple skate shoe brand from KTSimple. The Simple brand was founded in the 1990s by Eric Meyer but went dormant in 2011. Denis Ryan, ...
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ArticleRossignol sells Raidlight to its founder
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
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BasicNet buys back Kappa Japan from China’s DongXiang
BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” “Japan is a ...
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Humanoo acquires WePulse
The German digital health platform Humanoo has acquired the French platform WePulse to gain a foothold in France. Both serve the enterprise market and provide exercise tracking and incentives. As of next year, under the Humanoo brand, the two companies will be handling the traffic of some 500,000 European users ...
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HG x2 Partial management buy-out for Globus
Globus, the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to take over the Swiss group this past February from the previous owner, the Migros cooperative of ...
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Germany’s RSG Group to acquire Gold’s Gym
According to SGB Media, RSG Group, Germany’s largest chain of gyms, has submitted a winning bid of $100 million to acquire Gold’s Gym, an American chain founded in 1965 in Venice Beach, California, well known for its role in the rise of bodybuilding. The original Gold’s Gym is a primary ...
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Garmin acquires Firstbeat Analytics
According to the business website ZDNet, Garmin has acquired Firstbeat Analytics, a Finnish company whose software uses heart data recorded by wearable devices to measure stress, sleep, maximum rate of oxygen consumption (VO2 max), training status, the effects of training, rate of respiration and calories burned. Garmin intends to incorporate ...
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Lululemon to acquire home exercise platform
Lululemon will be spending $500 million to acquire Mirror, an American company that has created an interactive, home-based exercise platform with live classes, on-demand classes and one-on-one training. It will be Lululemon’s first takeover of another company. Mirror markets a $1,495 interactive home gym built into a full-length wall-mounted mirror ...
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Article
Head confirms the takeover of Zoggs
Confirming an earlier report, Head has announced its acquisition of Zoggs, the Australian brand of swim goggles, forming a water sports group with an annual turnover estimated at well over €100 million. It’s an interesting move for Head, which already has a leading market position in scuba diving as well ...
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JD re-acquires Go Outdoors
Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated ...
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Head is about to buy Zoggs
Head is in advanced discussions for a takeover of Zoggs International, the leading U.K.-based brand of swim goggles, says an insider, commenting on a report in Sky News, stressing that the transaction is not yet completed. Mark Hammersley, the former president of Speedo International who has been running the brand ...
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Ultimate Nordic acquires Altra’s distributor
Ultimate Nordic is taking over Getvital Sports, adding Altra running shoes and Injinji socks and technical running equipment to its portfolio of sports and outdoor products, which also includes Buff, Stanley, LedLenser and Soto. Ultimate Nordic is a Norwegian distributor, formerly called Trygve Alm. Established in 1928, it is a ...
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Private foundation to make an offer to acquire Karstadt Sports
According to SAZ, the German trade publication, a private foundation called the Loitz Family has made an offer to acquire Karstadt Sports. Based in Essen, the Loitz Family aims to take charge of Karstadt Sports’ existing 32 stores in Germany, its headquarters in Essen and its 1,500 employees. It is ...
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Article
Karstadt Sports is integrated more closely with SportScheck
Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. ...
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Asics invests in Seevix Material Sciences
Asics Ventures, an investment subsidiary of Asics, has taken a stake in Seevix Material Sciences, an Israeli start-up that develops and produces synthetic spider silk. Seevix was established in 2014. The company manufactures a patented man-made spider silk, called SVX, backed by more than ten years of research at the ...
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ArticleWintersteiger acquires control of a maker of ski lockers
Wintersteiger – the Austrian provider of machines for ski repair and maintenance, software for ski rental, and equipment and furnishings for ski shops – is acquiring a 51 percent stake in another Austrian company, Steurer. The company boasts some 5,000 clients around the world, including ski shops, hotels and mountain ...
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ArticleOdlo has a new owner
Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...
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Colnago has a new owner
Colnago has been sold to Chimera Investments, an investment fund registered in Abu Dhabi, which has acquired a majority share in the Italian bike company. The iconic brand was founded in 1954 by Ernesto Colnago in Cambiago, near Milan, where the company is still headquartered. While the strategic direction is ...
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JD’s takeover of Footasylum is blocked
After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...
