More corporate news – Page 84
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Short stops
Nordea Funds increased its stake in IC Group to 5.01%...
Nordea Funds increased its stake in IC Group to 5.01% just before the company announced its results for the first quarter
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Confirming a report in our previous issue, Footasylum, the British...
Confirming a report in our previous issue, Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, is going public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation ...
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Sports Direct International (SDI) is buying additional shares in Debenhams,...
Sports Direct International (SDI) is buying additional shares in Debenhams, the British department store chain, paying 43 percent more than they were worth last Friday, according to The Financial Times. The acquisition is said to be based on options contracts signed through Goldman Sachs in 2015, which will force SDI ...
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Mike Ashley has put the Newcastle football club up for...
Mike Ashley has put the Newcastle football club up for sale for the third time. He already failed to find a buyer back in 2008, after placing some of his shares in Sports Direct on the London Stock Exchange, and again in 2009. To facilitate the sale and encourage investments, ...
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Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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Zanier, the Austrian glove manufacturer, completed its move from Lienz...
Zanier, the Austrian glove manufacturer, completed its move from Lienz to Innsbruck just in time for the start of the 2018 ski season. To showcase its patented heating technology, Zanier opened a showroom in Innsbruck in 2016. The administration, accounting and management functions are now housed in the 200-square-meter location. ...
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Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
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Naffta Sport, a Spanish brand of swimwear and other sports...
Naffta Sport, a Spanish brand of swimwear and other sports garments, has decided to go into liquidation. The company had gone into insolvency last May with debts of €5 million. Giving the news, CMD Sport recalls that the company had already run into financial problems in 2009. It came out ...
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Insolvency proceedings were opened on Oct. 13 in Venice for...
Insolvency proceedings were opened on Oct. 13 in Venice for MCS Cavaliere, formerly Marlboro Classics, and Industries Sportswear Company, owner of the Marina Yachting and Henry Cotton's brands. In 2013, shortly before going public, Moncler had sold Industries Sportswear to Emerisque Brands, a private equity firm set up in 2004 ...
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WiggleCRC has announced the acquisition of Bike24, a German online...
WiggleCRC has announced the acquisition of Bike24, a German online cycling retailer. According to The Sunday Times, who first reported the news, the deal is worth around £100 million (€112.6m-$131.7m). Bike24 will continue to trade as a separate business within the group. Bike24 posted revenues of €84.5 million in 2016. ...
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A factory of BH Bikes in Aveiro, between Porto and...
A factory of BH Bikes in Aveiro, between Porto and Lisbon, has been involved in the wave of fires that have recently shaken the north of Portugal. The fire broke out in the facility during the night between Oct. 16 and 17. BH Bikes uses that factory for the assembly ...
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The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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The Doninger Fashion Group has decided to shut the operations...
The Doninger Fashion Group has decided to shut the operations of Gaastra and McGregor
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Analysts predict that Puma could be sold by Kering next...
Analysts predict that Puma could be sold by Kering next year, allowing the French group to focus more or less entirely on luxury products, according to a Reuters report. Kering bought its majority stake in Puma in 2007 in a deal valuing it at €5.3 billion, but the report says ...
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Adidas America plans to expand the capacity of its campus...
Adidas America plans to expand the capacity of its campus in Portland, Oregon in the next three years to accommodate up to 2,800 people, up from a current level of 2,700, says the Oregonian. Mark King, chief executive of Adidas America, also told the newspaper that the Big a wants ...
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The highly leveraged Australian-based Surfstitch Group has announced the sale...
The highly leveraged Australian-based Surfstitch Group has announced the sale of Surfdome Shop in the U.K. to Internet Fusion for about £7 million (€7.9m-$9.3m). Internet Fusion owns other European websites including blackleaf.com and extremepie.com. The Surfstich Group was formed in 2014, after Billabong International sold its 51 percent stake in ...
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An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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Mercator, the activist minority shareholder in Deckers Brands, has laid...
Mercator, the activist minority shareholder in Deckers Brands, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the company's earnings per share by 2021. It would also raise the return on invested ...
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Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
