News briefs - Corporate and M&A – Page 64
-
News briefs
The Wanda Sports Group has filed for an initial public...
The Wanda Sports Group has filed for an initial public offering in the U.S. The preliminary value set in the filing with the Securities and Exchange Commission is $500 million. The Chinese company's considerable brand portfolio in sports includes Ironman, the Rock 'n' Roll Marathon series and the Cape Epic ...
-
News briefs
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
-
News briefs
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the...
VF Corp. has inaugurated a 16,000-square-foot U.K. headquarters in the center of Soho, in London. The seven-story building, Axtell Soho, will be used as a showroom for buyers as well as a place for the group's staff to host meetings and share ideas. The building features dedicated floors for The North ...
-
News briefs
Aquafil has acquired full control over O'Mara, a manufacturer of...
Aquafil has acquired full control over O'Mara, a manufacturer of nylon, polypropylene and polyester fibers, based in Rutherford College, North Carolina, for $40.5 million. The Italian yarn company completed the acquisition through its U.S. subsidiary, Aquafil USA. O'Mara, founded in 1970, reported a turnover of $40.1 million in 2018.
-
News briefs
Henri Lloyd, the British clothing brand for yachtsmen and sailors,...
Henri Lloyd, the British clothing brand for yachtsmen and sailors, is introducing a new logo to symbolize a return to the brand's heritage while also suggesting a fresh start, for a new phase in the brand's history. Henri Lloyd has had a new owner since June 2018, when the former ...
-
News briefs
Rallye, the French parent company of the Go Sport chain...
Rallye, the French parent company of the Go Sport chain of sporting goods stores, has been granted a request for voluntary insolvency, with six months to come up with an acceptable plan to cope with its high net debt of more than €3.2 billion. The company pointed out that its ...
-
News briefs
The battle for control of Netshoes, the biggest sports e-tailer...
The battle for control of Netshoes, the biggest sports e-tailer in Latin America, is escalating. As reported in our last issue, Magazine Luiza initially made a bid for Netshoes at $2.00 per share, valuing the company at $62 million. Late last month, Grupo SBF, which owns the big Centauro chain ...
-
News briefs
Alpargatas is wrapping up the sale of its textile plant...
Alpargatas is wrapping up the sale of its textile plant in Catamarca, the group's final asset in that province of Argentina. The plant currently has a staff of 90. The move follows a country-wide reduction in activity for the Brazilian footwear group. Last year, it closed plants in Chaco and ...
-
News briefs
Asics Ventures has taken a stake in Aura Vision, a...
Asics Ventures has taken a stake in Aura Vision, a two-year-old company based in London whose pioneering technology gathers data from the existing security cameras in retail stores to track in-store traffic. It can distinguish age, gender and other demographics without relying on facial recognition, which is prohibited under GDPR ...
-
News briefs
The Authentic Brands Group (ABG) has completed the acquisition of...
The Authentic Brands Group (ABG) has completed the acquisition of the intellectual property of Sports Illustrated (SI) from Meredith Corp. for $110 million. The acquisition will give ABG the right to key events like Sportsperson of the Year and the possibility to use the brand to produce other new events ...
-
News briefs
Scott Sports has acquired a majority share in Bold Cycles,...
Scott Sports has acquired a majority share in Bold Cycles, a Swiss start-up best known for its hidden rear shocks. Both companies are based in Biel, Switzerland. Bold will remain an independent company, but will be strategically supported by Scott for sourcing, logistics, global distribution and marketing. Vincenz Droux, Bold's ...
-
News briefs
Golf Digest has been sold by Condé Nast to Discovery....
Golf Digest has been sold by Condé Nast to Discovery. The acquisition is to support Discovery's GOLFTV OTT platform, which will now house Golf Digest content, alongside its existing coverage of the PGA Tour, European Tour and Ladies European Tour. Discovery is also expanding its 12-year partnership with the PGA ...
-
News briefs
Mascot Bidco, the investment vehicle of Anta Sports Products and...
Mascot Bidco, the investment vehicle of Anta Sports Products and other investors for the takeover of Amer Sports, said earlier this month that the District Court of Helsinki decided on May 8 to appoint a trustee, Timo Kaisanlahti, as an arbitrator to help finalize the redemption of the remaining shares ...
-
News briefs
Vibram is celebrating the 10th anniversary of the Vibram Technological...
Vibram is celebrating the 10th anniversary of the Vibram Technological Center (VTC) in Guangzhou, China. The facility is an innovation hub where the Italian brand studies innovative compounds and technologies and creates prototypes of new products prior to launching them on the market. The VTC staff operates in close synergy ...
-
News briefs
Tretorn is developing its online business with the aim of...
Tretorn is developing its online business with the aim of boosting the proportion of online transactions with consumers and through retailers and internet marketplaces. The long-term goal is for online sales to account for 40 percent of total sales. To achieve it, a new team of three employees has been ...
-
News briefs
Anta Sports Products has announced that it has been selected...
Anta Sports Products has announced that it has been selected as a constituent stock of the Hang Seng China Enterprise Index, starting on June 17. The benchmark index includes the major Chinese companies on the exchange that has the biggest market capitalization and the highest liquidity. Furthermore, Anta was recently ...
-
News briefs
VF Corp. will become almost entirely an active lifestyle and...
VF Corp. will become almost entirely an active lifestyle and workwear company with an annual turnover of around $11 billion following the approval by its board of directors of the spin-off of its two jeans brands, Lee and Wrangler, into a new company called Kontoor Brands. VF's shareholders will get ...
-
News briefs
Jean-Philippe Torgue has set up his own consultancy, called Akuna,...
Jean-Philippe Torgue has set up his own consultancy, called Akuna, after collecting 25 years of experience in brand-building. He was a senior executive at major companies including VF Corp. and Amer Sports before setting up a European office for Phenix in 2017. He left the operation after a year and ...
-
News briefs
Deporvillage, the Spanish sports e-tailer, has launched its own cycling...
Deporvillage, the Spanish sports e-tailer, has launched its own cycling brand and will be its exclusive vendor. It is called Finisseur – the term for a cyclist who performs his team's final sprint – and its slogan is “Never look back.” The brand consists of more than 50 technical items: ...
-
News briefs
Decathlon has announced the opening of a new logistics center...
Decathlon has announced the opening of a new logistics center in León, Spain, in the industrial estate of Villadangos del Páramo. The 32,645-square-meter facility, which has a distribution capacity of more than 25 million sporting items per year, will be serving the 37 Decathlon stores located in the north of ...
