More corporate news – Page 79
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News briefs
Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns...
Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns about potential over-commercialization of football and dilution of the game's quality, due to an increasing number of competitions and participants. In an interview with Kicker, a German football magazine, he said that Fifa's decision to increase the number of teams ...
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News briefs
Puma France is preparing to invest several million euros to...
Puma France is preparing to invest several million euros to build an enlarged head office in Wacken, just across from the European Parliament in Strasbourg – and a short stroll away from the offices inaugurated by Adidas France a few weeks ago. Established in Illkirch-Graffenstaden, near Strasbourg, Puma France intends ...
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News briefs
The Swix Sport Group is changing its name to Brav,...
The Swix Sport Group is changing its name to Brav, because it has turned into a company with multiple outdoor and winter sports brands. They generate annual sales in the range of one billion Norwegian kroner (€105.0m-$122.6m), about half of them outside of Norway. The Swix Sport Group was formed ...
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News briefs
Intersport PSC Holding, the Swiss licensee for the Intersport banner,...
Intersport PSC Holding, the Swiss licensee for the Intersport banner, is proposing to merge with its parent company, Zelfi Sports Holding, which owns more than 91 percent of its shares. Nothing would change for the employees and the customers. The proposal is set to be endorsed by an extraordinary meeting ...
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News briefs
The German landscape of trade publications is getting more concentrated...
The German landscape of trade publications is getting more concentrated with the acquisition of a national trade magazine, Sport + Mode, by Neue Mediengesellschaft from Verlag Chmielorz. Based in Ulm, Neue Medien had already acquired the leading German trade publication in our sector, SAZ Sport, at the beginning of 2016. ...
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News briefs
Sport Heroes has raised €4 million from Genairgy, an investment...
Sport Heroes has raised €4 million from Genairgy, an investment firm for the family behind Decathlon, to support its expansion. The four year-old startup strives to encourage more people to practice sports, by rewarding physical activity measured through digital devices with discounts on partner brands and services. The company is ...
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News briefs
The L-Fashion Group is acquiring a stake of 49 percent...
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes. The shares are being sold by the controlling shareholder, Austro Holding, and by the company's chief executive, Oliver Wieser. Christian Wolsegger, Dachstein's sales manager, is taking over his place. More in ...
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News briefs
The Thule Group has entered into a new, more flexible...
The Thule Group has entered into a new, more flexible and more cost-efficient financing agreement that replaces the one it had contracted in connection with its public offering in November 2014. The new revolving credit facility of €300 million has a maturity of five years with an option for a ...
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News briefs
Calida Holding, the Swiss lingerie company that has controlled Lafuma...
Calida Holding, the Swiss lingerie company that has controlled Lafuma since December 2013, has announced the acquisition of a further 8.54 percent stake in the company, by taking over all the shares held by a minority investor, CDC Entreprises Elan PME. With this transaction, Calida's stake rises to 87.70 percent. ...
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News briefs
Eddie Bauer and Pacific Sunwear, two struggling American retail chains...
Eddie Bauer and Pacific Sunwear, two struggling American retail chains that together have a total of 700 stores, are being merged into a single operation for all their back-office functions. They were both taken over by Golden Gate Capital through bankruptcy auctions.
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Short stops
VF Corporation has announced the completion of its acquisition of...
VF Corporation has announced the completion of its acquisition of Altra from Icon Health & Fitness
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News briefs
Accell Group has founded a new start-up called Accell Digital....
Accell Group has founded a new start-up called Accell Digital. According to reports in Bike Europe, the Dutch bike maker is building a centralized, multi-brand online platform for direct-to-consumer sales. For its new start-up, based in Amsterdam, Accell has hired Marcus Diekmann, who is currently director of digital, e-commerce and ...
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News briefs
Patrick Frisk, the new chief operating officer of Under Armour,...
Patrick Frisk, the new chief operating officer of Under Armour, has bought a new tranche of shares in the company, indicating his growing confidence in its turnaround. After his latest purchase, his shares were worth more than $12 million.
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News briefs
Sports Direct International has launched a proxy battle in the...
Sports Direct International has launched a proxy battle in the U.S. against the board of directors of Iconix Brands Group, the licensor of Umbro, Danskin and many other brands, in which it owns about 9 percent of the shares since the beginning of 2016. It is nominating four candidates for ...
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News briefs
The Norman Group, which has replaced Trerè Innovation as the...
The Norman Group, which has replaced Trerè Innovation as the manufacturer of X-Technology's products in Italy, is investing in a new factory in Serbia that will become operational in the spring of 2019, with a capacity of six million pieces per year. The company currently manufactures about 15 million units ...
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News briefs
Acting through its strategic investment arm, Tin Shed Ventures, Patagonia...
Acting through its strategic investment arm, Tin Shed Ventures, Patagonia has joined a $12.4 million funding round for NuMat Technologies, which develops and markets metal-organic frameworks (MOFs) that are programmed to specifically interact with targeted molecules. NuMat compares its manufacturing process to precision medicine in the health care sector.
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Short stops
Amer Sports notified the investment community that AXA, the French-based...
Amer Sports notified the investment community that AXA, the French-based insurance company, raised its stake in the company to 5.26%, but then it said it was reduced to below 5%
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Short stops
Escalade has sold its 50% stake in the Stiga...
Escalade has sold its 50% stake in the Stiga Sports Group to a Swedish private investor and will license back the Stiga brand for table tennis in North America
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Short stops
The Tecnica Group is conducting a project for lean production...
The Tecnica Group is conducting a project for lean production at its ski boot factory in Hungary
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News briefs
At the company's annual shareholders' meeting a few days ago,...
At the company's annual shareholders' meeting a few days ago, Kasper Rorsted, chief executive at the Adidas Group, reiterated that the company anticipates a “normalization” of its growth this year, after two years of strong double-digit sales expansion. As reported earlier, the group's sales growth slowed down in Western Europe ...
