All M&A articles – Page 3
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News briefsHibbett now under JD Sports Fashion’s umbrella
JD Sports Fashion completed the acquisition of Alabama-based sports fashion retailer Hibbett, Inc. on July 25, after Hibbett shareholders approved the deal at a special meeting on July 19 and all other outstanding conditions were met. “The completion of our acquisition of Hibbett is an important strategic milestone for us ...
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ArticleSkidata sold to Swedish Assa Abloy group
Swiss-American Kudelski Group has signed a definitive agreement to sell its Skidata business after 23 years to Swedish Assa Abloy.
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News briefsShareholders approve sale of Hibbett to JD Sports
JD Sports has cleared the final hurdle in its $1.1bn takeover of US sports retailer Hibbett Sports.
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ArticleMeta reportedly wants 5% in Essilux to develop smart glass business
According to media reports, Meta is in talks to acquire a 5% stake in Essilor-Luxottica, just a few days after the eyewear group announced the takeover of Supreme.
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ArticleEssilux steps out of line and acquires Supreme, and a med-tech company
The Italian-French group EssilorLuxottica has announced the acquisition of Supreme from VF Corporation. Essilux and streetwear - how do they complement each other? The company also announced the acquisition of the supplier of medical devices Heidelberg Engineering.
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ArticleApparel manufacturer Hi-Tech Apparel acquires British software company Unmade
Unmade, a London-based scaleup, has been acquired by Bangkok, Thailand-based apparel manufacturer Hi-Tech Apparel. UnmadeOS, Unmade’s platform, uses patented automation and visualization technologies to enable brands to offer bespoke clothing on demand. Existing customers include sportswear brands such as New Balance and Decathlon as well as fashion brands such as ...
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ArticleThe NBA’s winningest team is for sale
The Celtics won game five of the NBA Finals, defeating the Dallas Mavericks, on June 18. Boston has now won 18 NBA championships, more than any other team, and within a fortnight of victory, the team was up for sale. Since 2002, the Celtics have been owned by Boston Basketball ...
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ArticleAltor buys Renewcell and starts Circulose
Swedish textile recycling company Renewcell, founded by innovators from Stockholm’s KTH Royal Institute of Technology in 2012, has been looking for a new owner to safeguard and advance its patented process to produce Circulose pulp from 100 percent textile waste ever since it filed for bankruptcy in February 2024. The ...
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News briefsEchelon acquires ThriveX
Echelon, which produces connected fitness machines and sells subscriptions for on-demand classes, has acquired ThriveX, a producer of app-controlled compression boots, sauna blankets and cold-immersion products. ThriveX serves both the B2C and the B2B markets, with gyms, hotels and other such businesses among its customers. According to Echelon’s CEO, Lou ...
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News briefsLotto becomes first athletic brand to co-own a professional pickleball team
Lotto has announced a strategic partnership with the Brooklyn Aces, joining owners Kevin Durant, Rich Kleiman, Drake and Michael B. Jordan. The Italian footwear and sportswear supplier will become the first athletic brand in the ownership group of a professional pickleball team. Additionally, Lotto branding will be integrated into the ...
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ArticleSports fashion giant rises as New Era takes over ’47
New Era and ’47, a privately held premium sports lifestyle brand, have announced an agreement under which New Era acquires ’47.
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News briefsR-Gol acquires Unisport to forge global football merch empire
R-Gol, backed by Innova Capital, has acquired Unisport from Nordic Capital. The merger combines R-Gol’s strong presence in Central and Eastern Europe with Unisport’s influence in Northern and Western Europe, aiming to shape a leading force in the football retail sector. With a projected combined revenue exceeding €200 million in ...
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News briefsNYC-based investment manager acquires Outdoor Voices
New York City-based consumer-focused investment manager Consortium Brand Partners (CBP) has announced the acquisition of Outdoor Voices, an athleisure lifestyle brand founded in 2013 by Tyler Haney, also from New York City. This is CBP’s second acquisition, following the announcement of a majority stake in Reese Witherspoon’s fashion and lifestyle ...
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ArticleAuthentic and Beaumanoir announce partnership for Boardriders brands in Western Europe
Authentic Brands Group announced a long-term partnership with Beaumanoir Group, which will take over the former Boardriders business in France and license the Quiksilver, Roxy, Billabong, DC Shoes, Element, RVCA and VonZipper brands in key Western European regions, including France, Germany and the UK. Through the partnership, Beaumanoir, headquartered in ...
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ArticleAuthentic Brands Group to acquire Champion from HanesBrands
HanesBrands’ decision to shed its flagging Champion business, alluded to for months, will come to fruition in the second half of its financial year. Authentic Brand Group has signed a binding agreement to purchase the Champion athletic wear business for up to $1.5 billion. The transaction, expected to close sometime ...
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News briefsPadel Galis founder invests in Auro System
Francisco Pérez Galisteo, founder and CEO of Padel Galis, has bought a majority stake in Auro System, according to the International Padel Cluster (CIP). Auro produces an attachment for pádel and tennis racquets that both helps corrects a player’s grip and dampens the racquet’s vibration. Padel Galis is a maker ...
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News briefsTennis-Point finds new owner
According to SGI USA, Fromuth Racquet Sports, a Pennsylvania-based racquet sports wholesaler and retailer, has reached an agreement to acquire e-tailer Tennis-Point on undisclosed terms to expand into the tennis e-commerce space. Tennis-Point will initially operate as an independent company and will retain the same name and contact details. All ...
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ArticleNidecker Group acquires iconic skate brands, expands legacy in action sports
The Nidecker Group has announced the acquisition of the skate brands Etnies, éS, Emerica and ThirtyTwo from Sole Technology. The deal sees Sole Tech’s founder, Pierre André Senizergues, remain CEO while retaining a minority interest in the brands. Under the leadership of Senizergues, the brands have become pioneers in the ...
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ArticleGoogle joins Walmart in new funding round for Indian e-tail giant
Google plans to contribute to the latest round of funding for Flipkart, Amazon’s chief competitor in India, and take a minority share in the generalist e-commerce platform – once regulators approve the deal. Flipkart says that both Google’s investment and its cloud will help the company “expand its business and ...
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News briefsInter Milan changes hands
Funds under the management of Oaktree Capital have swept in to take control of the Serie A football club Inter Milan. The club’s previous majority owner, Suning Holdings (headquartered in Nanjing, China), has failed to repay the outstanding balance on a loan from Oaktree that matured on May 21. That ...
