More corporate news – Page 106
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Backcountry.com, a leading U.S. online outdoor retailer, has been acquired...
Backcountry.com, a leading U.S. online outdoor retailer, has been acquired by TSG Consumer Partners, an investment firm specializing in the branded consumer market. The deal was sealed with the previous owner, Liberty Interactive Corporation, at an undisclosed price. TSG said it would help the online retailer with the famous goat ...
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Pon Holdings, the acquisitive Dutch bicycle group, has taken over...
Pon Holdings, the acquisitive Dutch bicycle group, has taken over Santa Cruz Bicycles from California, which specializes in high-end mountain bikes. Its range is sold in about 70 countries under the Santa Cruz brand for men and Juliana for women. Pon, a major Dutch car importer, has been storming through ...
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Minerva, a Belgian bicycle manufacturer, was declared bankrupt on June...
Minerva, a Belgian bicycle manufacturer, was declared bankrupt on June 25 by a commercial court in Hasselt, Belgium. Employing 16 people, the company reportedly had an annual production of about 20,000 city and trekking bikes. Minerva is an established bicycle brand in Belgium and even more so in the province ...
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A diversified Chinese group, Dalian Wanda Group Co., has closed...
A diversified Chinese group, Dalian Wanda Group Co., has closed the transaction for its planned acquisition of a majority stake in Infronts Sports & Media, the Swiss-based international sports marketing agency run by Philippe Blatter, from the Bridgepoint private equity group. The transaction is valued at about €1.05 billion.
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A majority of Rocket Internet's shareholders has decided to raise...
A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about ...
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Zalando's listing on the Frankfurt Stock Exchange has been upgraded...
Zalando's listing on the Frankfurt Stock Exchange has been upgraded from the SDAX to the MDAX index of the 50 major German mid-cap companies. The market capitalization of the company has risen by 40 percent since it went public last October on the strength of its improved financial results.
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Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
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Sram has moved its global headquarters to the West Loop...
Sram has moved its global headquarters to the West Loop neighborhood of Chicago
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Article
Fitbit is worth $6 billion
The stock market gave Fitbit a valuation of nearly $6.3 billion as the company went public on the New York Stock Exchange yesterday, making the IPO one of the most successful ones in recent years. It's a lot for a company that had net income of $131.8 million on sales ...
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According to unconfirmed German news reports, a Chinese conglomerate, Fosun,...
According to unconfirmed German news reports, a Chinese conglomerate, Fosun, together with a German investor, Bernd Beetz, is set to take over most of the shares of Bogner. A football champion, Philipp Lahm, and the current CEO of Daimler, Dieter Zetsche, would also invest in the company. Beets, 63, is ...
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The second tranche of a share buyback program initiated by...
The second tranche of a share buyback program initiated by the Adidas Group in March was completed on June 15. This was a tranche with an aggregate acquisition cost of up to €300 million excluding incidental purchasing costs, but no more than 6 million treasury shares, to be repurchased exclusively ...
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An Italian investment group, Palladio Finanziaria, has acquired a 40...
An Italian investment group, Palladio Finanziaria, has acquired a 40 percent stake in Finproject, the Italian company that makes the EVA soles for Crocs' shoes. Palladio, which bought the shares from Xenon Private Equity through a subsidiary called Vei Capital, will help Finproject to broaden the use of its special ...
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Sport Nordic, the Danish company that owns Sportmaster, has added...
Sport Nordic, the Danish company that owns Sportmaster, has added an important sneaker store in Copenhagen to its store network. After buying the Unisport store in Copenhagen last January, it has taken over Rezet Sneaker, a store that sells the sneakers of major sports brands. Rezet was originally founded in ...
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Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has...
Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has been acquired by Ocsial. The two firms announced the deal at the TechConnect World Innovation Conference and Expo in Washington, DC on June 16. The financial terms of the transaction were not disclosed. Zyvex, founded in 1997, has contributed to ...
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Summit Sports, a predominantly online retailer from Michigan specializing in...
Summit Sports, a predominantly online retailer from Michigan specializing in winter sports, outdoor, water and action sports products, has been purchased by Digital Fuel Capital, a U.S. private equity group focused on online business investments. Established as a store in Michigan, Summit Sports was one of the earliest online specialists, ...
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Short stops
IC Group, the Danish company that owns Peak Performance, has...
IC Group, the Danish company that owns Peak Performance, has signed an agreement for the sale of its head office in Copenhagen and it plans to relocate to a much smaller property in or around the Danish capital during the first half of 2016
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Fitbit has filed a price range of $14 to $16...
Fitbit has filed a price range of $14 to $16 per share for its initial public offering, which would give the maker of wearable fitness tracking devices a market capitalization of $3.1 billion at the midpoint of the price range. The company will be selling 22.4 million shares and current ...
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Airesis, the Swiss holding company that owns a majority stake...
Airesis, the Swiss holding company that owns a majority stake in Le Coq Sportif, has acquired 92 percent of Movement Group, a Swiss company specializing in freestyle skis with a turnover in the range of 15 million Swiss francs (€14.4m-$16.1m). Sealed at an undisclosed price, the acquisition encompasses Wild Duck ...
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Kettler, the German producer of sports and leisure equipment, filed...
Kettler, the German producer of sports and leisure equipment, filed for bankruptcy under its own administration at a court in Arnsberg yesterday. The family-owned company said in a press release that its operations would not be disrupted, and that the proceedings were necessary to avoid an unwanted takeover by a ...
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Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
