More corporate news – Page 69
-
News briefs
Li & Fung has sold a 21.7 percent stake in...
Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...
-
News briefs
Accell Group has sold the e-bike development brands Protanium and...
Accell Group has sold the e-bike development brands Protanium and Diavelo to a new Swiss company. Protanium GmbH, based in Zurich and headed by Karin Vogelsanger as chief executive and managing partner, has been founded for this take-over. Protanium GmbH will continue to operate the Diavelo e-bike brand. The company ...
-
News briefs
Sports Direct has announced that Grant Thornton, its auditor since...
Sports Direct has announced that Grant Thornton, its auditor since 2007, has decided to quit. Grant Thornton's resignation will come into effect on Sept. 11, the date of Sports Direct's next annual shareholders meeting.
-
News briefs
LIR, the family holding company that controls Geox and Diadora...
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which ...
-
News briefs
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
-
News briefs
Last April Snipes, the sneaker retail chain that has belonged...
Last April Snipes, the sneaker retail chain that has belonged to the Deichmann group since 2011, took over Kicks USA, a retail chain specializing in sneakers, athletic shoes and clothing, with 64 stores in eastern part of the U.S. Now it has acquired Mr. Alan's Men's Bootery, another sneaker chain based in ...
-
Short stops
Trading in Amer Sports shares in Nasdaq Helsinki was suspended...
Trading in Amer Sports shares in Nasdaq Helsinki was suspended on Aug. 26 as the Mascot Bidco consortium got permission to redeem all minority shares not yet tendered
-
Short stops
Sports Direct plans to close at least eight of the...
Sports Direct plans to close at least eight of the Jack Willis stores that it recently bought in pre-packaged bankruptcy proceedings
-
News briefs
Mike Ashley likes to go for struggling retail operations, despite...
Mike Ashley likes to go for struggling retail operations, despite his fiasco with his investments in Debenhams and House of Fraser. His company, Sports Direct International, has acquired the brand and other assets of Jack Wills, a British chain of upscale fashion stores catering to young people, for £12.75 million ...
-
News briefs
A private investment firm, Black Rock, has agreed to put...
A private investment firm, Black Rock, has agreed to put up $875 million to buy a stake in the Authentic Sports Group (ABG), according to the Wall Street Journal, valuing the company at around $4 billion. It will apparently replace Leonard Green Partners as the largest shareholder in the American ...
-
News briefs
Lew's Holdings Corporation, an American supplier of fishing and hunting...
Lew's Holdings Corporation, an American supplier of fishing and hunting gear, is acquiring Fox International, Europe's largest privately owned fishing tackle company, with headquarters in Brentwood, Essex. The deal is subject to regulatory approvals and closing conditions, and the financial terms remain undisclosed. The two companies will be retaining their ...
-
News briefs
Nike has made another acquisition to boost its consumer-direct initiative....
Nike has made another acquisition to boost its consumer-direct initiative. After taking over a data analytics firm, Zodiac, and a developer of body-scanning technology, Invertex, it has acquired Celect, an American company that uses artificial intelligence to analyze retail data and predict future consumer purchases and the related allocations of ...
-
News briefs
Chang Shin, a South Korean footwear manufacturer that works for...
Chang Shin, a South Korean footwear manufacturer that works for Nike, has invested $100 million in the Vietnamese province of Dong Nai. The company handles design and product development at its headquarters in Korea and manufactures about 90 million pairs of shoes annually in China, Indonesia and Vietnam.
-
News briefs
Lenzing is cooperating with JDA Software to digitize its supply...
Lenzing is cooperating with JDA Software to digitize its supply chain. The company's goal is to create an end-to-end planning process that precisely matches demand and supply. The JDA Sales & Operations Planning software was recently deployed across Lenzing's operations in production as well as sales, marketing and finance. With JDA's ...
-
News briefs
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable...
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable bicycle transportation bags. Tranzbag was founded 25 years ago by Bendicht Luginbühl, a Bernese bike pioneer and media professional who is considered the inventor of the foldable, serially manufactured bicycle transport bag. Evoc, based in Munich, specializes in protective sports ...
-
News briefs
In response to strengthening local demand, Velomotors is investing 400...
In response to strengthening local demand, Velomotors is investing 400 million rubles (€5.5m-$6.1m) in a factory in Kransnodar Krai in the southern part of Russia with an intended production capacity of 300,000 bicycles per year. Making use of an abandoned plant, the project is important because it is the first ...
-
Short stops
China's Xtep has closed the acquisition of K-Swiss, Palladium and...
China's Xtep has closed the acquisition of K-Swiss, Palladium and Supra from Korea's E-Land
-
News briefs
The Tecnica Group has just completed two transactions to strengthen...
The Tecnica Group has just completed two transactions to strengthen its market position in outdoor footwear. The Italian sports group has increased its stake in Lowa from 60 percent to 75 percent, purchasing the new shares from the family of Renzo Castellani, the owner of a company, Riko Sport, that ...
-
News briefs
Last April Snipes, the sneaker retail chain that has belonged...
Last April Snipes, the sneaker retail chain that has belonged to the Deichmann group since 2011, took over Kicks USA, a retail chain specializing in sneakers, athletic shoes and clothing, with 64 stores in eastern part of the U.S. Now it has acquired Mr. Alan's Men's Bootery, another sneaker chain based in ...
-
News briefs
The District Court of Dortmund ordered the opening of insolvency...
The District Court of Dortmund ordered the opening of insolvency proceedings and the continuation of Sport Voswinkel's self-administration on July 25. Sport Voswinkel is a chain of 72 stores throughout Germany. It has been a member of Intersport Germany since 1989 and a subsidiary of the voluntary group since 2003. ...
