More corporate news – Page 77
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Rome Snowboards, an iconic brand based in Vermont, has been...
Rome Snowboards, an iconic brand based in Vermont, has been acquired by in Low Pressure Studio (LPS), a Dutch-based company that owns three other brands of snowboards: Batalcon, Lobster, Switchback. The deal follows the recent acquisition by Nidecker of a majority stake in LPS. The Swiss group led by the ...
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As we had expected, Decathlon has announced the construction of...
As we had expected, Decathlon has announced the construction of a third logistic center in Germany, where the retailer is expanding strongly (see our previous issue). It will be located in the VGB Park of Berlin to service its stores in the northern and eastern parts of ...
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Started in Detroit just two years ago as a marketplace...
Started in Detroit just two years ago as a marketplace for second-hand sneakers, Stockx has secured $44 million from GV and Battery Ventures, with the stated purpose of expanding its business in international markets. Tech Crunch reports that the company has grown to more than $2 million in daily transactions ...
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L-Gam Advisors, a company based in Luxembourg, has struck an...
L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in ...
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Newell Brands is expected to complete the sale of Pure...
Newell Brands is expected to complete the sale of Pure Fishing within a month, said Angling International a few days ago, without mentioning the final candidate to the acquisition. Meanwhile, Newell announced its intention to retire about $1 billion in debt by using the proceeds of its most recent divestitures, ...
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Hestra has opened a new factory in Hai Phong, Vietnam....
Hestra has opened a new factory in Hai Phong, Vietnam. The factory will complement the manufacturing units already operated by the Swedish sports glove manufacturer in Hungary and China. The new Vietnamese factory is meant to respond to a high volume of orders. The company has invested 32 million Swedish ...
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Swix Sport's warehouse just north of the Norwegian town of...
Swix Sport's warehouse just north of the Norwegian town of Lillehammer is only two years old, but it is being expanded by an additional 5,100 square meters. Construction is scheduled for completion by the summer 2019. The new warehouse will be fully automated as the result of an investment of ...
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Canada Goose has announced that it will open a new...
Canada Goose has announced that it will open a new factory in Winnipeg, its third manufacturing facility in the capital of the Canadian province of Manitoba and the seventh wholly-owned factory for the company, adding to three in Toronto and one in Boisbriand, Quebec. It will be the brand's largest ...
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Adidas placed a series of equity-neutral convertible bonds worth a...
Adidas placed a series of equity-neutral convertible bonds worth a total of €500 million on Sept. 5. The transaction was 2.7 times oversubscribed. The convertible bonds mature in five years with a coupon of 0.05 percent. The issue price was set at 104 percent of the nominal value of €200,000 ...
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Netshoes, the loss-making e-tailer of sporting goods based in Brazil...
Netshoes, the loss-making e-tailer of sporting goods based in Brazil (see our previous issue), has asked Goldman Sachs to help it find a new investor as its net cash position has fallen to €19 million and its current main owners, Tiger Management Corp. of the U.S. and Singapore's GIC Fund, ...
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Decathlon made a successful test of a new logistic system...
Decathlon made a successful test of a new logistic system using a river boat in July, complementing its tests on a railroad link with its production sites in China, which began last November. A train carried 36 Decathlon containers from the Chinese province of Wuhan to Duisburg in Germany, where ...
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Descente and Wacoal have announced an alliance aimed at strengthening...
Descente and Wacoal have announced an alliance aimed at strengthening both companies' domestic and international growth, benefiting from their expertise in sportswear and fashion, respectively. The two Japanese companies will work on new opportunities in the athleisure market as well as new brand concepts. The alliance envisages collaboration around compression ...
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Cherokee Brands, the owner of the Hi-Tec Sports brand, has...
Cherokee Brands, the owner of the Hi-Tec Sports brand, has signed a new three-year financing agreement for $40 million with Gordon Brother Finance. Giving the company a much-needed cash infusion of $5.5 million, Cherokee has also increased the subordinated interest in its former credit facility by $2.0 million to $13.5 ...
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Short stops
Equistone Partners Europe is negotiating the possible acquisition of the...
Equistone Partners Europe is negotiating the possible acquisition of the Courir chain of athletic footwear stores from the French Go Sport Group, according to a French magazine, Challenges
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Short stops
Puma has leased 29,000 square feet of space at 5...
Puma has leased 29,000 square feet of space at 5 Penn Plaza in New York City for the new location of its local office
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News briefs
Vista Outdoor's management indicated that it will likely sell its...
Vista Outdoor's management indicated that it will likely sell its Savage brand of firearms before the planned divestiture of its sports protection unit, which includes Giro, Bell and Blackburn. As previously reported, it has already signed an agreement for the sale of Bollé, Cébé and Serengeti to an investment fund, ...
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Heinz Kettler, the leading German manufacturer of home fitness equipment...
Heinz Kettler, the leading German manufacturer of home fitness equipment and other products, filed for self-managed insolvency in mid-July after the company's foundation declined to endorse a sale of the company to an investment firm, Altera Capital. According to German press reports, the foundation disagrees with certain clauses in the ...
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The Accell Group has launched a German entity, Accell Bike...
The Accell Group has launched a German entity, Accell Bike Parts, which will drive the international expansion of the XLC brand of parts and accessories, Bike Europe reports. Accell Bike Parts will be part of the Winora Group, which is a German subsidiary of the Dutch-based group. Accell has formed ...
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News briefs
An American investment company, Charlesbank Capital Partners, has been allowed...
An American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group through an affiliate, including the Aravon and Dunham brands that previously belonged to New Balance. The deal was made possible after the settlement of claims made by the Adidas Group, ...
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Adidas and Ikea have initiated a strategic collaboration to learn...
Adidas and Ikea have initiated a strategic collaboration to learn more about people's interests in terms of active lifestyles and training, in order to possibly connect them with different housing solutions. In a press release, Ikea says that the two companies want to encourage people to choose good living patterns ...