More corporate news – Page 52
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Article
A strategic investment by Artémis in Goat Group
Groupe Artémis, which controls the Kering luxury group while remaining the biggest shareholder in Puma, has made an unspecified investment in the Goat Group, the online auction-based sneaker reseller. The idea is to help accelerate Goat’s growth, expanding its international reach and diversifying its business in the luxury sector, where ...
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ArticleA Li Ning unit may take over Clarks for £51m
Li Ning, the famous Chinese Olympic gold-medallist-turned-businessman, is about to take control of the iconic British shoemaker Clarks less than a month after its shareholders agreed in principle to sell most of their shares to a Hong Kong-based private equity firm, LionRock Capital. Li is the non-executive chairman of Lion ...
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News briefs
Decathlon, Lululemon and Puma rank high as good places to work
Decathlon, Lululemon and Puma scored high in Glassdoor’s latest annual Employees’ Choice Awards for the best places to work in certain countries. Lululemon has come in seventh place in Canada and eighth place in the U.S. Decathlon came in sixth place in France and Puma in third place in Germany. ...
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Google says it has closed Fitbit’s takeover
In a post on its blog, Google announced on Jan. 14 the closing of its acquisition of Fitbit, which has thus been delisted from the New York Stock Exchange. The announcement was timed to follow a deadline of Jan. 13 that the U.S. Justice Department had set for its approval ...
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ArticlePon reportedly sold stake in Accell at a profit
According to reports in various Dutch media, Pon Holdings sold its 20 percent stake in its big Dutch competitor, Accell Group, at the end of last year. At the time of writing, no official comment was available from either Pon or Accell. Pon is well-positioned in the bicycle sector with ...
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News briefs
JD may want to buy Topshop in partnership with ABG
JD Sports Fashion is partnering with the U.S.-based Authentic Brands Group (ABG) in a possible bid for Topshop, the big U.K.-based chain of fashion stores, which is regarded as the most important asset of the bankrupt Arcadia Group, according to Sky News. Other bidders for this and other assets of ...
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ArticleGrowing Dr. Martens plans an IPO in London
Dr. Martens plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales, as reported in our sister publication Shoe Intelligence, which covers non-athletic footwear. The company behind the iconic British boot brand expects an eventual free float of 25 percent ...
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News briefs
Plans for a large casual apparel manufacturing hub in China
A special event – the first “Guiping China International Cultural Tourism and Casual Sportswear Festival” – was organized at Mule Town in Guiping, in China’s Guangxi region, on Jan. 1, to mark the start of the development of the Guiping Textile and Garment Industrial Park. The industrial development involves 11 ...
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Article
VF reorganizes APAC operations
VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The transition ...
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News briefs
Thuasne acquires Knit-Rite and its Therafirm division
Thuasne, the French specialist in medical devices, has announced the acquisition of Knit-Rite, a U.S. company specialized in medical textiles, and its Therafirm division, dedicated to compression. Founded in 1847, Thuasne is a family-owned business. The company develops and manufactures medical devises and health solutions in the fields of orthopedics, ...
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News briefs
Polygiene's acquisition of Addmaster is approved
The shareholders of Polygiene, the Swedish supplier of anti-viral solutions, have accepted a proposal to issue new shares to help finance the acquisition of Addmaster Holdings, its very profitable U.K.-based supplier of anti-microbial additives for hard surfaces, for SEK 374 million (€36.7m-$44.7m) in cash and shares. Polygiene, whose sales of ...
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Article
Emerald buys PlumRiver for more digital engagement
The trade show industry is seeking new ways to generate revenues and engage its clients because of the damage made to its physical events. Just as the Outdoor Retailer Winter Market is starting its new online edition, scheduled to run from Jan. 6 through March 19, its parent company, Emerald ...
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News briefs
Garmin buys GEOS Worldwide
Garmin has acquired GEOS Worldwide, a company based in Montgomery, Texas that provides emergency monitoring and incident response services including search and rescue services for skiers, outdoor adventurers and boaters. The terms of the asset deal were not disclosed. Garmin plans a more extensive integration between its own capabilities and ...
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News briefs
361° wants to redeem some of its debt
Standard & Poor’s warned a few months ago that 361 Degrees may have trouble refinancing its high-yield notes when they mature, citing difficult refinancing conditions for privately owned Chinese companies. Nonetheless, the Chinese sports apparel and footwear brand has offered to buy back $135 million worth of notes by Jan. ...
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News briefs
JD Sports Fashion acquires Wellgosh
JD Sports Fashion has reportedly acquired Wellgosh, an independent menswear retailer based in Leicester, for an undisclosed sum. The information was first reported by Drapers. Wellgosh, a family-run business, was founded by Peter Turner around 30 years ago. The company started operations with a small store in Leicester’s Silver Arcade ...
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News briefs
Another investment in fashion by Ashley
The difficult economic situation, which is particularly acute in the fashion sector, has probably led the acquisitive Frasers Group to snap up Psyche, a British fashion retailer that offers about 200 high-end brands, such as Barbour and Boss, along with such heritage brands as Champion. The purchase price has not ...
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News briefs
Nautilus changes year-end to March 31
The board of directors of Nautilus has decided to change the end of the company’s 12-month fiscal year from Dec. 31 to March 31. It justified the decision with the fact that the primary season for fitness equipment deliveries runs from October to March. Furthermore, its new fiscal year is ...
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Article
Will Reebok become black-owned?
Reebok would become the first major black-owned athletic footwear and apparel brand if the African American rap music mogul Percy Rebert Miller, also known as Master P, and a former two-time NBA All-Star, Baron Davis, succeed in their reported bid. According to reports in the ESPN sports network and Forbes, ...
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News briefs
Slinger Bag is worth $24.2m over the counter
Slinger Bag, the U.S.-based start-up that is selling the innovative tennis ball launcher by the same name, started trading on a special over-the-counter stock market on Dec. 24, reaching a market capitalization of $24.2 million. It has moved up from the OTC Pink exchange to the OTCQB Venture Market, reserved ...
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News briefs
Shareholders get more time to vote on Dorel going private
Dorel Industries has postponed an extraordinary shareholders meeting for a vote on the company’s sale to Cerberus Capital Management, granting some more time to consider the terms and conditions of the deal. The meeting will take place on Feb. 16 instead of Jan. 12. A special committee consisting of six ...
