News briefs - Corporate and M&A – Page 100
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News briefs
Wiggle will move its warehouse operations out of Portsmouth after...
Wiggle will move its warehouse operations out of Portsmouth after signing a lease on a 323,000-square-foot unit at a logistics facility at Bilston, near Wolverhampton. The retailer currently has a total of 95,000 square feet of warehousing across a number of sites in Portsmouth. The new location will measure nearly ...
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News briefs
Exceed Company, which trades in China under the Xidelong brand,...
Exceed Company, which trades in China under the Xidelong brand, has announced it is negotiating with its chairman and chief executive Shuipan Lin to extend again the deadline for him to close on his proposed acquisition of the company following news he had secured a $15 million loan on Sept. ...
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News briefs
IC Companys, the Danish apparel group that owns Peak Performance...
IC Companys, the Danish apparel group that owns Peak Performance and other brands, has officially renamed itself IC Group. The company's annual meeting also appointed Henrik Heideby as chairman, replacing Niels Martinsen. Heideby was previously vice chairman. Martinsen will act as vice chairman along with another former director of the ...
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News briefs
Bergans of Norway is expanding its Norwegian subsidiary, which it...
Bergans of Norway is expanding its Norwegian subsidiary, which it set up in Longmont, Colorado, in January 2012, following an annual growth rate of more than 75 percent. It has hired a customer service manager, Ryan Pennock, and it is adding more than 350 square meters of space to the ...
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News briefs
Sport Danmark, the Danish retail group acquired by Nordic Capital...
Sport Danmark, the Danish retail group acquired by Nordic Capital Funds in 2012, has acquired a local online store for football products, Fodboldexperten.dk. Thomas Olsen, who ran the web store, will continue as a consultant to Sport-Master, the big Danish sporting goods retail chain that is also owned by Sport ...
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News briefs
Intersport Sverige has acquired a controlling stake of 80 percent...
Intersport Sverige has acquired a controlling stake of 80 percent in Löplabbet, the big Swedish chain of running stores, with 13 doors in the country. Tom Kellheim, who has been with Löplabbet for 20 years, will keep the rest of the shares and will continue as its general manager. Reporting ...
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News briefs
The retail members of Twinner in France approved a proposal...
The retail members of Twinner in France approved a proposal to work together with Groupe Go Sport with a majority of 85 percent of the votes. As previously reported, the members of Twinner France, who ran 153 stores at the end of 2013, will be able to conduct their purchases ...
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News briefs
Jim Monahan, former vice president of footwear for Asics America,...
Jim Monahan, former vice president of footwear for Asics America, has been hired by 361 Degrees to steer the Chinese sports apparel and footwear brand's move into the U.S. market. Monahan has taken the helm of a new company, 361 Degrees USA, established in Irvine, California in June. The operation ...
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News briefs
Puma has confirmed the acquisition of a 5.0 percent stake...
Puma has confirmed the acquisition of a 5.0 percent stake in Borussia Dortmund, underpinning its strategic partnership with this major German football team, which began in July 2012. Meanwhile, a high-level source at Kering, the French-based group that controls the German sports brand, denies a rumor that it is exploring ...
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News briefs
Ralf Bohle, the German company that owns the Schwalbe brand...
Ralf Bohle, the German company that owns the Schwalbe brand of bike tyres and tubes, has started up a new factory in Vietnam together with an Asian partner, complementing its Indonesia facility. The initiative is described as a response to strong demand for the company's products. At last month's Eurobike ...
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News briefs
A group of 18 German and Swiss shoe retailers affiliated...
A group of 18 German and Swiss shoe retailers affiliated with ANWR has won the first round in its campaign to cancel the already completed takeover by the cooperative of a big German shoe and sporting goods retail chain, Schuh Mücke. It has received the support of 178 retail members, ...
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News briefs
The business of Fairchild Fashion Media, publisher of Women's Wear...
The business of Fairchild Fashion Media, publisher of Women's Wear Daily, Footwear News and other trade publications, is changing hands again. Conde Nast, the publisher of Vogue and Vanity Fair, is selling the business to Penske Media Corporation, publisher of Variety and other magazines and internet-based information services. Comerica is ...
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News briefs
The loss-making Groupe Go Sport is likely to go private...
The loss-making Groupe Go Sport is likely to go private soon. Rallye, which already owns 93.72 percent of the French sports retailer's shares and 94.62 percent of the voting rights, announced last night its intention to make a tender offer for the balance of the shares for €9.10 a share. ...
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News briefs
Wolverine Worldwide is again looking at new acquisition opportunities, but...
Wolverine Worldwide is again looking at new acquisition opportunities, but with 16 brands already in its portfolio, it is mainly targeting brands with an annual turnover of between $75 million and $100 million and the potential to reach the $500 million level. Company officials also told analysts at a recent ...
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News briefs
Kering has revealed a program to take all its existing...
Kering has revealed a program to take all its existing eyewear licenses in-house with the help of Roberto Vedovotto, who recently left as chief executive of Safilo. Its biggest eyewear license is for Gucci with Safilo, which will get $90 million in compensation for termination of the deal two years ...
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News briefs
Look Cycle has suspended its discussions about a possible sale...
Look Cycle has suspended its discussions about a possible sale of the company, according to company officials. They declined to comment on a report that the French company was talking to Altor Equity Partners, the Nordic investment fund that acquired control of the Rossignol Group at the end of 2013. ...
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News briefs
Lyle & Scott has bought Front Up Rugby, the British...
Lyle & Scott has bought Front Up Rugby, the British rugby-inspired clothing brand, for an undisclosed price. Front Up Rugby sells T-shirts, rugby shirts, polo shirts and hoodies through its own website and also has accounts with U.K. retailers including House of Fraser and Debenhams. Lyle & Scott, whose move ...
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News briefs
Sequential Brands Group has announced a secondary offering of shares...
Sequential Brands Group has announced a secondary offering of shares to raise an estimated $184.2 million, with warrants for additional shares worth more than $40 million. It did so after the completion of its takeover of Galaxy Brand Holdings for US$100 million, adding brands such as And1, Avia and Nevados ...
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News briefs
SR Suntour will start assembling rear shocks in France. The...
SR Suntour will start assembling rear shocks in France. The company announced at the recent Eurobike trade show that it will start with rear shocks, but this could be expanded to other bike components such as suspension forks. In the next few months, the Vélovertigo facility in Chambéry, France will ...
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News briefs
The Singapore subsidiary of Shimano is investing about US$34 million...
The Singapore subsidiary of Shimano is investing about US$34 million to build a new manufacturing facility of 26,000 square meters in the Philippines to enhance the company's production of bicycle components for emerging markets. Construction began in July and should be completed by the end of this year.
