More corporate news – Page 86
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A.S. Adventure, the big European outdoor retailer based in Belgium...
A.S. Adventure, the big European outdoor retailer based in Belgium that already owns several other chains including Bever in the Netherlands and Cotswold Outdoor and Snow + Rock in the U.K., has signed a deal for the takeover of McTrek Outdoor Sports, a proftable German chain of 39 outdoor shops, ...
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Standard Life Aberdeen of Edinburgh, which is one of the...
Standard Life Aberdeen of Edinburgh, which is one of the major independent shareholders in Sports Direct International, has reached a 5.09% stake in JD Sports Fashion
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Adidas has completed the sale its CCM Hockey business to...
Adidas has completed the sale its CCM Hockey business to Birch Hill Equity Partners
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Sixtus Werke Schliersee is now fully owned by Philipp Lahm,...
Sixtus Werke Schliersee is now fully owned by Philipp Lahm, the former captain of FC Bayern München. Lahm previously had a 50 percent share of the sports care, balm and hygiene product manufacturer, which is based in Hausham, in Germany's Upper Bavaria. Lahm was also already a brand ambassador for ...
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On Aug. 14, Black Diamond Inc., the parent company of...
On Aug. 14, Black Diamond Inc., the parent company of Black Diamond Equipment and Pieps, is changing its corporate name back to Clarus Corporation, which it had until 2010. The change is meant to reflect a desire to enlarge again the scope of the holding company through new acquisitions. BD ...
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Aquafil is to merge with Space3, an asset management firm,...
Aquafil is to merge with Space3, an asset management firm, and plans to list on the Italian stock exchange this autumn. Aquafil specializes in the production of synthetic fibers used in the textile, flooring, and clothing industries. The company is also known for its Econyl Regeneration System, an industrial system ...
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Cipio Partners, one of the institutional shareholders of 21sportsgroup, and...
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and other existing and new investors have participated in a new round of financing for the German multi-channel retailer. After a €15 million injection made last October, the new round has reportedly involved new equity worth about €13 million. The proceeds ...
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Nike's expansion of its already massive corporate headquarters in Beaverton,...
Nike's expansion of its already massive corporate headquarters in Beaverton, Oregon, which would involve the addition of 3.2 million square feet of space, will cost more than $1 billion, according to The Oregonian. The daily's estimate is based on a comparison with real estate and similar construction costs in the ...
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TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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Billabong International has decided to write off 11.7 million Australian...
Billabong International has decided to write off 11.7 million Australian dollars (€7.9m-$9.3m) from its accounts for the financial year ended this past June 30 in connection with the termination of its agreement with an omni-channel solution provider. In announcing its results for the first six months, the company had already ...
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Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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Vans has moved its headquarters from Cypress, California to a...
Vans has moved its headquarters from Cypress, California to a new building in Costa Mesa, California, 13 miles away. The move was first announced in June 2015. The new building is environmentally-friendly and larger than the previous headquarters. The facility features a solar panel array on the carport, which is ...
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Puma has reportedly agreed to test a new robotic system,...
Puma has reportedly agreed to test a new robotic system, developed by Magazino, that uses sensors and artificial intelligence to move objects in a warehouse
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Kasper Rorsted, chief executive of the Adidas Group, told Focus...
Kasper Rorsted, chief executive of the Adidas Group, told Focus magazine that the Reebok brand has to return to profitability within four years. Shortly after Rorsted took over the helm in October last year, the company launched a reorganization at Reebok, Muscle Up, which entailed about 150 job cuts, the ...
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Backed by Italian and British investors, Alessandro Bastagli has taken...
Backed by Italian and British investors, Alessandro Bastagli has taken over Shanghai Tang, the first Chinese luxury apparel firm to have obtained some international relevance. Among other holdings, Bastagli is the Italian entrepreneur who controls A. Moda, the Italian licensee of Everlast, and Dimensione Danza, the Italian brand of fitness ...
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The families of John Wardle and David Makin, founders of...
The families of John Wardle and David Makin, founders of JD Sports, are reported by The Sunday Times to be offering the sale of a 40 percent stake in Footasylum for £40 million (€44.8m-$51.4m). The chain operates 58 physical stores in the U.K., plus a web shop. Footasylum reported a ...
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Blackstone has reached an agreement to hand over control of...
Blackstone has reached an agreement to hand over control of Jack Wolfskin to a group of lenders in a debt for equity swap. Such an agreement around the German outdoor brand was already reported several weeks ago but it was apparently finalized last week. Under the terms of the deal, ...
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As previously reported, Marco Boglione, chairman of BasicNet, was going...
As previously reported, Marco Boglione, chairman of BasicNet, was going to raise from 90 to 99.98 percent his stake in Basic World, owner of 36.65 percent of BasicNet's shares (SGI Europe, vol. 20, N° 15+16), with the departure of his two brothers Enrico and Francesco, who each own 4.7 percent ...
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J&F Investimentos has terminated the negotiations over the sale of...
J&F Investimentos has terminated the negotiations over the sale of a controlling stake of 86 percent in Alpargatas, the parent company of Havaianas and the licensee of Mizuno for Brazil and Argentina, apparently because it could not agree on the price of the transaction. The company was in exclusive talks ...
