More corporate news – Page 71
-
News briefs
Puma completed its planned stock split on June 10, giving...
Puma completed its planned stock split on June 10, giving shareholders nine new shares for each one in their possession. The idea is to make the stock more attractive. It closed today at €54.90 a share compared with about €540 before.
-
News briefs
The battle for control of Netshoes, the Brazilian e-tailer specializing...
The battle for control of Netshoes, the Brazilian e-tailer specializing in athletic footwear, has ended. Its shareholders approved on Friday Magazine Luiza's latest improved offer of $3.70 a share, valuing the company at $115 million. The Brazilian omni-channel retailer had initially made a bid for Netshoes at $2.00 per share, ...
-
News briefs
The Wanda Sports Group has filed for an initial public...
The Wanda Sports Group has filed for an initial public offering in the U.S. The preliminary value set in the filing with the Securities and Exchange Commission is $500 million. The Chinese company's considerable brand portfolio in sports includes Ironman, the Rock 'n' Roll Marathon series and the Cape Epic ...
-
News briefs
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
-
News briefs
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the...
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the center of Soho, in London. The seven-story building, Axtell Soho, will be used as a showroom for buyers as well as a place for the group's staff to host meetings and share ideas. The building features dedicated floors for The North ...
-
News briefs
Aquafil has acquired full control over O'Mara, a manufacturer of...
Aquafil has acquired full control over O'Mara, a manufacturer of nylon, polypropylene and polyester fibers, based in Rutherford College, North Carolina, for $40.5 million. The Italian yarn company completed the acquisition through its U.S. subsidiary, Aquafil USA. O'Mara, founded in 1970, reported a turnover of $40.1 million in 2018.
-
News briefs
Henri Lloyd, the British clothing brand for yachtsmen and sailors,...
Henri Lloyd, the British clothing brand for yachtsmen and sailors, is introducing a new logo to symbolize a return to the brand's heritage while also suggesting a fresh start, for a new phase in the brand's history. Henri Lloyd has had a new owner since June 2018, when the former ...
-
Short stops
Puma is reportedly planning to invest $40 million in a...
Puma is reportedly planning to invest $40 million in a new distribution center in Whitestown, Indiana
-
News briefs
Rallye, the French parent company of the Go Sport chain...
Rallye, the French parent company of the Go Sport chain of sporting goods stores, has been granted a request for voluntary insolvency, with six months to come up with an acceptable plan to cope with its high net debt of more than €3.2 billion. The company pointed out that its ...
-
News briefs
The battle for control of Netshoes, the biggest sports e-tailer...
The battle for control of Netshoes, the biggest sports e-tailer in Latin America, is escalating. As reported in our last issue, Magazine Luiza initially made a bid for Netshoes at $2.00 per share, valuing the company at $62 million. Late last month, Grupo SBF, which owns the big Centauro chain ...
-
News briefs
Alpargatas is wrapping up the sale of its textile plant...
Alpargatas is wrapping up the sale of its textile plant in Catamarca, the group's final asset in that province of Argentina. The plant currently has a staff of 90. The move follows a country-wide reduction in activity for the Brazilian footwear group. Last year, it closed plants in Chaco and ...
-
News briefs
Asics Ventures has taken a stake in Aura Vision, a...
Asics Ventures has taken a stake in Aura Vision, a two-year-old company based in London whose pioneering technology gathers data from the existing security cameras in retail stores to track in-store traffic. It can distinguish age, gender and other demographics without relying on facial recognition, which is prohibited under GDPR ...
-
News briefs
The Authentic Brands Group (ABG) has completed the acquisition of...
The Authentic Brands Group (ABG) has completed the acquisition of the intellectual property of Sports Illustrated (SI) from Meredith Corp. for $110 million. The acquisition will give ABG the right to key events like Sportsperson of the Year and the possibility to use the brand to produce other new events ...
-
News briefs
Scott Sports has acquired a majority share in Bold Cycles,...
Scott Sports has acquired a majority share in Bold Cycles, a Swiss start-up best known for its hidden rear shocks. Both companies are based in Biel, Switzerland. Bold will remain an independent company, but will be strategically supported by Scott for sourcing, logistics, global distribution and marketing. Vincenz Droux, Bold's ...
-
News briefs
Golf Digest has been sold by Condé Nast to Discovery....
Golf Digest has been sold by Condé Nast to Discovery. The acquisition is to support Discovery's GOLFTV OTT platform, which will now house Golf Digest content, alongside its existing coverage of the PGA Tour, European Tour and Ladies European Tour. Discovery is also expanding its 12-year partnership with the PGA ...
-
News briefs
Mascot Bidco, the investment vehicle of Anta Sports Products and...
Mascot Bidco, the investment vehicle of Anta Sports Products and other investors for the takeover of Amer Sports, said earlier this month that the District Court of Helsinki decided on May 8 to appoint a trustee, Timo Kaisanlahti, as an arbitrator to help finalize the redemption of the remaining shares ...
-
News briefs
Vibram is celebrating the 10th anniversary of the Vibram Technological...
Vibram is celebrating the 10th anniversary of the Vibram Technological Center (VTC) in Guangzhou, China. The facility is an innovation hub where the Italian brand studies innovative compounds and technologies and creates prototypes of new products prior to launching them on the market. The VTC staff operates in close synergy ...
-
News briefs
Tretorn is developing its online business with the aim of...
Tretorn is developing its online business with the aim of boosting the proportion of online transactions with consumers and through retailers and internet marketplaces. The long-term goal is for online sales to account for 40 percent of total sales. To achieve it, a new team of three employees has been ...
-
Short stops
Wolfgang Grupp, owner of Trigema, is reportedly denying speculation that...
Wolfgang Grupp, owner of Trigema, is reportedly denying speculation that he is interested in taking over Gerry Weber, an insolvent German fashion group
-
Short stops
Britain's competition authority said it is planning to review the...
Britain's competition authority said it is planning to review the recent takeover of Footasylum by JD Sports Fashion
