News briefs - Corporate and M&A – Page 113
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News briefs
Swedish newspapers have reported that Usports, the national sporting goods...
Swedish newspapers have reported that Usports, the national sporting goods retail chain launched in 2011 with the opening of a 5,000 square meter store in Malmö, has filed for bankruptcy. The retailer has three large stores in Malmö, Sundsvall and Västerås and it intended to open about 20 stores around ...
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Martijn Nelissen, chief executive of Sport Services Europe, has confirmed...
Martijn Nelissen, chief executive of Sport Services Europe, has confirmed that the company has been allowed to start afresh after its bankruptcy earlier this month. Sport Services is the company behind the operations for the Rucanor brand, which was itself lodged in another entity for fiscal purposes. Sport Services filed ...
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Bench and its sister brand, Hooch, are reportedly for sale...
Bench and its sister brand, Hooch, are reportedly for sale again. Their owner, Americana, has mandated an investment company, Canaccord Genuity, to carry out a strategic review, according to the Sunday Times. Run by Peter McGuigan, the former top executive of Reebok and former shareholder of Umbro International, Americana was ...
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Sports Direct International, the largest sporting goods retailer in the...
Sports Direct International, the largest sporting goods retailer in the U.K., announced the takeover of some of the stores, assets and brands of Republic, one of the major young fashion retailers in the U.K., from its judicial administrators. Included in the takeover package are 114 out of the 121 Republic stores, substantially ...
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Sports Direct International (SDI) has confirmed that Mike Ashley reduced...
Sports Direct International (SDI) has confirmed that Mike Ashley reduced his stake in the company from 68.6 percent to 64.4 percent. He previously owned up to 71 percent of the company that he founded, but his stake was diluted because of employee bonus schemes. Ashley reportedly sold the shares at ...
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News briefs
Iconix Brand Group, which recently purchased Umbro International and other...
Iconix Brand Group, which recently purchased Umbro International and other companies, has announced a proposed private placement of $325 million worth of convertible senior subordinate notes with selected shareholders. The initial purchaser of the notes will also be granted a 30-day option to acquire an additional $50 million worth of ...
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Intersport France is taking over a French factory to assemble...
Intersport France is taking over a French factory to assemble there about 200,000 bicycles annually under its private Nakamura label for distribution on the French market. Operational levels should soon be extended to 300,000 units, and some production may be sold at Intersport stores in other countries at a later ...
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MGM SpA, which already owns Trezeta and licenses Fila inline...
MGM SpA, which already owns Trezeta and licenses Fila inline skates, has taken over Kayland, another Italian outdoor shoe brand held since 2005 by Novation. The two brands are positioned differently: While Trezeta specializes in hiking boots and other low-mountain footwear, Kayland is a more technical high-mountain brand, and it ...
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Amer Sports has transferred 182,874 shares to the personnel involved...
Amer Sports has transferred 182,874 shares to the personnel involved in its restricted and performance plans, taking them from its own pool of treasury shares. This leaves Amer Sports with 545,979 shares, plus 12,125 more owned through Amer Sports International. Separately, Anssi Vanjoki and Ilkka Brotherus have been confirmed as ...
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Luxottica plans to start manufacturing Oakley glasses by the end...
Luxottica plans to start manufacturing Oakley glasses by the end of this year in Brazil, where it is an iconic brand. The first locally made Arnette and Ray-Ban sunglasses will be made at the company's local Tecnol factory as of this month. In 2012, emerging markets represented 12 percent of ...
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News briefs
PPR, parent company of Puma, Volcom, Gucci and a number...
PPR, parent company of Puma, Volcom, Gucci and a number of other sports and luxury goods brands, is thought to be planning to change its name to Kering, according to the Bloomberg news agency. The new name, which was reportedly registered in the U.S.last November, would be a reference to ...
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Kanabeach has been placed in liquidation. The commercial court of...
Kanabeach has been placed in liquidation. The commercial court of Brest, in the French region of Britanny, found that insufficient guarantees had been proposed by Alexis Bernard and his partner, David Marrec, to leave the French surfwear company in operation with a reduced staff of 24 employees, out of 62, ...
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News briefs
The board of directors of Foot Locker, which has been...
The board of directors of Foot Locker, which has been faring well financially, has approved a $220 million investment program for the current year. That is far more than the $163 million spent last year. The money will be invested in various fields of expansion such as the development and roll-out of ...
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News briefs
Next October, the expansion of XXL Sport in Sweden will...
Next October, the expansion of XXL Sport in Sweden will continue with the opening of a large warehouse of 20,000 square meters in the Swedish town of Örebro, which may be subsequently expanded to up to 60,000 m². By locating its newest distribution center in Örebro, the Norwegian sporting goods ...
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News briefs
JD Sports Fashion is not confirming reports that it is...
JD Sports Fashion is not confirming reports that it is about to enter the Dutch market through the takeover of Setpoint, a local menswear retailer with 17 stores in the country that are facing a possible shutdown. The reports indicate that they may be converted into JD stores. Separately, JD ...
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François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand...
François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand and others in France and other neighboring countries through a company called Sport Finance, is said to have become an apparel licensee for the Sergio Tacchini brand through another company called Fashion Distribution. The deal has not yet been officially ...
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News briefs
The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is...
The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is seeking to get payments from Spanish retailers and sponsored clubs to reduce the amounts owed to creditors, but it is not sure whether it will continue to operate in the country, according to a local fashion news website, moda.es. Last ...
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News briefs
Björn Borg, the licensee of the former Swedish tennis champion by...
Björn Borg, the licensee of the former Swedish tennis champion by this name, is to acquire its operations in Finland from the current distributor, Fashion Case Oy, owned by Anne Immonen. After the acquisition, Björn Borg will become the principal owner. Ove Asplund, previously a sales manager for JC and a store ...
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News briefs
Lenzi Egisto, an important Italian supplier of innovative textiles to...
Lenzi Egisto, an important Italian supplier of innovative textiles to the athletic shoe industry, is going into liquidation. Its family shareholders, who refused to inject money into the company after the death of Egisto Lenzi in July 2009, have approved a proposal to split the assets and sell them separately ...
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News briefs
Tecnica Group and its advisors have stopped looking for companies...
Tecnica Group and its advisors have stopped looking for companies that may be interested in buying its 60 percent interest in Lowa. They are currently evaluating the opportunity to accept the offer of an unnamed strategic investor. While the sale of Lowa could bring in fresh money, Tecnica would lose ...
