News briefs - Corporate and M&A – Page 114
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News briefs
An institutional investor based in Chicago, Winona Capital Management, has...
An institutional investor based in Chicago, Winona Capital Management, has acquired a minority stake in LK International, the Swiss company that markets the Kjus brand of activewear, through a capital increase. A partner in Winona, Luke Rees, has been appointed to LK's board of directors. As he was for many ...
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Grifone, the Spanish sports outerwear company, has reported a change...
Grifone, the Spanish sports outerwear company, has reported a change of ownership and management intended to foster its international development, with a focus on Asia, the U.S., and central and northern Europe. Sandro Rosell, president of FC Barcelona, along with Eugenio Padrés and Pepe Navarro, are now co-owners with Ramón Cierco, ...
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The Noël group has regained the license for the Umbro...
The Noël group has regained the license for the Umbro brand in France. Noël, a company involved in children's, men's, military and safety shoes, had licensed the brand for many years. Umbro International then took over the operation, called Noël Soccer, in two stages, starting with a 49 percent stake ...
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News briefs
Mountain Warehouse, the British specialist retailer, has been identified as...
Mountain Warehouse, the British specialist retailer, has been identified as the company that has been holding talks to purchase some of the assets of Euromark, the large-scale Polish outdoor distribution and retail group that went bankrupt a few weeks ago. Euromark filed for bankruptcy late last year and a district ...
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News briefs
The North Face will be moving to a new EMEA...
The North Face will be moving to a new EMEA office of VF Corporation at Stabio, near the Swiss city of Lugano, in April this year. After transferring its European operations from Montebelluna, Italy, to its current office in Lugano, it will now combine them with those of the other ...
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News briefs
Cybex International will be “going private” after shareholders overwhelmingly approved...
Cybex International will be “going private” after shareholders overwhelmingly approved the sale of the outstanding publicly traded shares to the company's largest shareholder, UM Holdings, on Feb. 6. The merger was approved in October by the company's board of directors. Based in Medway, Massachusetts, the manufacturer of fitness equipment will now ...
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News briefs
JD Sports Fashion has acquired Gio Goi, a British young...
JD Sports Fashion has acquired Gio Goi, a British young fashion brand that fell into administration, a former of bankruptcy, last month. The brand was previously controlled by Pentland Group, which is also JD's majority shareholder. According to reports in the British press, Sports Direct International had shown interest in ...
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News briefs
The Leclercq family, which founded Décathlon and owns a significant...
The Leclercq family, which founded Décathlon and owns a significant stake in its parent company, Oxylane, has injected an unspecified amount into a French investment fund that helps innovative companies to start up and grow. A manager of the fund, called L'Accélérateur, said the new equity will allow it to ...
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News briefs
Pull-In is not going to merge as previously planned with...
Pull-In is not going to merge as previously planned with Coalision, the Canadian group that owns the Orage and Lolë brands. Pull-In is a French brand of underwear founded by Emmanuel Lohéac, a former manager of DC Shoes. He wanted to join forces with Bernard Mariette, former president of Quiksilver ...
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News briefs
Patric Sport, the Spanish company that owns and markets the...
Patric Sport, the Spanish company that owns and markets the Rox brand of sports apparel, is ran into bankruptcy proceedings last December, according to Tradesport. Rox, which went bankrupt before, had been one of the leading sports brands in Spain in the 1980s and 1990s.
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News briefs
Boa Technology, the maker of the patented Boa Closure System,...
Boa Technology, the maker of the patented Boa Closure System, has announced that it will open an office in Europe in 2013. The precise location of the new office is not yet finalized. The company currently has offices in Steamboat Springs and Denver, Colorado, as well as Chiba, in Japan, ...
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News briefs
OrthoLite has inaugurated its first factory in Vietnam, which is...
OrthoLite has inaugurated its first factory in Vietnam, which is set to produce about 3 million pairs of open-cell foam insoles per month. The new 13,000-square-meter facility is located in Thuan An Town, in the Binh Duong province, one of the biggest industrial areas in the country and about 45 ...
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News briefs
Gio-Goi, an urban fashion brand partly owned by the Pentland...
Gio-Goi, an urban fashion brand partly owned by the Pentland Group, went into administration (a form of bankruptcy) last week. The Guardian reports that Sports Direct International (SDI), the largest British sports retailer and wholesaler, is in talks to acquire the brand. SDI, which has been diversifying into fashion, already bought ...
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News briefs
Sole Technology, the group selling action sports brands from Etnies...
Sole Technology, the group selling action sports brands from Etnies to Emerica, Altamont and ThirtyTwo, has moved into a new European head office in the Houthavens district of Amsterdam. The company first set up its European office in the Dutch capital in 2007, but the new building is equipped with ...
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News briefs
Sergio Tacchini has informed its Spanish customers that it is...
Sergio Tacchini has informed its Spanish customers that it is shutting down its 28-year-old Spanish sales subsidiary. As previously reported in SGI Europe, the Italian brand is reorganizing operations internationally, seeking licensees for all its products with the help of IMG.
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News briefs
Sequential Brands Group has announced that it has closed the...
Sequential Brands Group has announced that it has closed the merger of Heelys into a subsidiary of Sequential. The company had entered into an agreement, dated Dec. 7, 2012, to acquire Heelys through a merger process, subject to a number of terms and conditions that have since been fulfilled. The approval ...
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News briefs
Vittoria Industries, the Italian maker of tires for bicycles, has opened...
Vittoria Industries, the Italian maker of tires for bicycles, has opened a new tire compound factory near Bangkok employing about 60 people. This will be the first facility for a tire maker to use Nanographyte in its compounds. Developed by Directa Plus S.p.A., with which Vittoria has a joint venture, Nanographyte ...
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News briefs
The Accell Group in the Netherlands, which owns a slew...
The Accell Group in the Netherlands, which owns a slew of bicycle and fitness brands, said that it would quit producing and assembling bicycles at the Raleigh plant in Canada this year. Accell bought the Raleigh Cycle group last year, partly to expand its business in North America. About 135,000 ...
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News briefs
An American investment company, Open Gate Capital, has acquired Zodiac...
An American investment company, Open Gate Capital, has acquired Zodiac Plaisance, known internationally as Zodiac Recreational, which claims to be the world's leading supplier of rigid inflatable boats, also distributed under the Avon and Bombard brand names. Including the manufacture of multi-layer insulations for satellites and stratospheric balloons, the French-based ...
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News briefs
Joma's intranet is said to have registered a doubling in traffic over...
Joma's intranet is said to have registered a doubling in traffic over the last year, with particularly strong rates of participation by clients in Europe, according to an article in Tradesport. They use it to check the availability of the merchandise in real time, to place orders, to follow their execution and to ...
