News briefs - Corporate and M&A – Page 37
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News briefs
New winter sports logistics center for Amer in Austria
Amer Sports has opened a new, more modern and sustainable logistic center for the winter sports products of Atomic, Salomon and Armada at Pongau, near the group’s Austrian ski production facility in Altenmarkt. The group has invested €23 million to modernize Atomic’s former distribution center and to expand it by ...
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News briefs
Nike unveils new R&D facility named after LeBron James
Nike has officially presented its new LeBron James Innovation Center. Located in the middle of the company’s campus in Beaverton, Oregon, it is named after the basketball champion by the same name. It houses a new Nike Sport Research Lab (NSRL), designed to understand the needs of athletes and the ...
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News briefs
Decathlon opens continental logistics hub in Barcelona
Decathlon has inaugurated a new distribution center in Barcelona, Spain, to service the European continent. The facility, which replaces a previous one in the area, covers some 95,987 square meters on 167,751 square meters of land. It is adjacent to the Port of Barcelona and ten minutes from the Barcelona ...
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News briefs
Uvex Group builds new logistics and service center
With a symbolic ground-breaking ceremony on Sept. 27, the Uvex Group gave the starting signal for the construction of a new, modern and sustainable logistics and service center in Rednitzhembach, Germany. The building, which has been pre-certified by the German Sustainable Building Council (DGNB), will begin to take shape before ...
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News briefs
Foot Locker offers bonds with a 4% yield
Foot Locker has announced that it is offering $400 million in senior notes due in 2029, priced at 100 percent of the principal amount and bearing annual interest of 4.00 percent. The private offering is scheduled to close on Oct. 5. Indicatively, the relatively high yield would compare with the ...
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News briefs
Austrian ski champion launches his ski brand, Van Deer
The former Austrian Alpine ski champion Marcel Hirscher, who retired two years ago after numerous World Cup victories, has begun producing his own skis. His brand, Van Deer, is at least for now distributed only in Austria, through Bründl Sports, and in the Netherlands, through the Duijvestein Winterstore and Daka ...
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News briefs
Zalando invests in Infinited Fiber
Zalando has joined Adidas, H&M and an investment arm of the Bestseller Group in a round of financing to help Infinited Fiber Company of Finland to build a facility for the commercial production of its biodegradable fiber, called Infinna. The company’s technology converts textile waste and other cellulose-based raw material ...
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News briefs
Sport 2000 finds retail licensee for Mauritius, Madagascar
Sport 2000 International has acquired a new licensee, the HV Group, in the island states of Mauritius and Madagascar, where it is planning to open seven specialist stores by 2026. Mauritius is to receive two large stores and three small ones, Madagascar will host two others of undisclosed size. The ...
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News briefs
Amer plans to upgrade its distribution center in Utah
Amer Sports is reportedly offering to invest $30 million to upgrade its U.S. operations in Ogden, Utah, creating between 100 and 155 new jobs over ten years, in exchange for various local and state tax incentives worth a total of $4.08 million. The investments would include a budget of $2.46 ...
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News briefs
JD diversifies into beauty products
JD Sports Fashion has acquired an unspecified stake in Hairburst, an international U.K.-based e-tailer for vitamins for hair growth, shampoos, conditioners and other cosmetics, according to The Times of London. According to the newspaper, JD will assist Hairburst’s management in the acquisition of other beauty brands. It quoted Peter Cowgill, ...
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News briefs
Slinger is set to acquire an analytics app builder
Slinger Bag, which has renamed itself as Slinger, has entered into an agreement to acquire 100 percent of the issued and outstanding shares of Gameface.AI – in exchange for 6,666,667 shares of Slinger’s common stock and up to another $3.5 million in common stock in contingent (earnout) considerations. The deal ...
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News briefs
Court sets an Oct. 28 deadline to bid for Sequential’s brands
The auction being supervised by U.S. Bankruptcy Court for the District of Delaware for the bankrupt Sequential Brands Group is set to start next month. Interested parties have been given a deadline of Oct. 28 to submit bids for any of its assets to be added to those already filed ...
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News briefs
Celebrities invest in Hydrow prior to a possible IPO
Following a business model that is becoming more common in the industry, various celebrities participated in a new funding round for Hydrow, the connected rowing equipment brand. Indicating that its sales jumped by 500 percent in the past year, the company also announced the appointment of a chief commerciale officer, ...
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News briefs
New investor for Finland’s FootBalance
FootBalance, the Finnish manufacturer of custom insoles, has entered into a partnership with a new investor, London-based IPGL Limited, which has acquired Scope Growth II L.P.’s shares in the company. “FootBalance has during our ownership evolved from a local provider of insoles to become a global category leader in foot ...
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News briefs
French sports marketplace raises funds to help it internationalize
Colizey, a French marketplace for sporting goods launched in 2019, is planning to move abroad in 2022, following a new round of financing worth €8 million. Existing and new investors such as Teddy Riner, the French judo champion, have participated in the fund-raising, joining the French-American basketball champion Tony Parker ...
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News briefs
Le Coq Sportif expands French production
Le Coq Sportif has launched the construction of an extension to its French sports clothing factory at Romilly-sur-Seine that will employ 80 persons, joining the 100-odd employees of its existing plant. Measuring 3,000 square meters, it should come on stream at the end of 2022. Yannick Noah and other brand ...
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News briefs
Callaway shareholder expands its public offering
PEP TG Investments, one of Callaway Golf’s largest shareholders with its stake of more than 15 percent, will finally sell 4,000,000 of its shares in the company, one million more than previously planned, through a public offering. It is pricing it at $29.25 per share, below Callaway’s closing price prior ...
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News briefs
A new Italian shareholder for Houdini
An Italian investment company, GDTRE, is taking a stake in the equity of Houdini Sportswear, a Swedish outdoor brand that has a strong commitment to sustainability. GDTRE will join the brand’s co-founders, Hanna Lindblad and Eva Karlsson, who together own 77 percent of the company, as well as Stefan Ytterborn, ...
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News briefs
Big Callaway shareholder reduces its stake through a public offering
Callaway Golf Co. has announced the start of a public offering of 3,000,000 shares in the company by one of its biggest investors, PEP TG Investments, which will reduce its stake to about 13.7 percent from 15.5 percent if an overallotment of 450,000 shares is exercised. The offering boosted Callaway’s ...
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News briefs
Canada Goose launches an automatic share repurchase scheme
Canada Goose has entered an “automatic share repurchase plan,” allowing for the purchase of shares by a broker at times when it would not be permitted to acquire them, based on certain parameters. The Toronto Stock Exchange has cleared this scheme, allowing it to start on Sept. 16 in connection ...
