News briefs - Corporate and M&A – Page 85
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News briefs
François-Henri Pinault, chairman and chief executive of Kering, which owns...
François-Henri Pinault, chairman and chief executive of Kering, which owns Puma and Volcom along with a gang of luxury brands, has told the Financial Times that the group intends to hold on to its majority stake in the sports company until at least 2018. He thus slapped down persistent rumors ...
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News briefs
A group of Swiss-based investors has acquired Varlion, one of...
A group of Swiss-based investors has acquired Varlion, one of the major Spanish brands of pádel tennis. The production of its racquets will remain in the hands of Varlion's founder, Félix Regalía. The new owners have also set up two new companies, Ranelmo and CRG Sports, which will handle the ...
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News briefs
Shimano Europe has announced the signing of a deal for...
Shimano Europe has announced the signing of a deal for the acquisition of Lazer Sport, the Belgian helmet company. The two companies expect to close the transaction, which is subject to customary closing conditions, in the second half of the year. Lazer, founded in 1919, designs, manufactures and markets its ...
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News briefs
Wiggle expects to complete shortly the acquisition of Chain Reaction...
Wiggle expects to complete shortly the acquisition of Chain Reaction Cycles and associated operations following clearance of the deal by the U.K. anti-trust authorities. The two companies will form a new group called Wiggle CRC. Brian McBride would act as chairman and Stefan Barden as chief executive. The managing director ...
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News briefs
Thule Group has taken over the leading Dutch supplier of...
Thule Group has taken over the leading Dutch supplier of child bike seats, GMG, which generated sales of €6.1 million last year, mainly with its Yepp brand. The purchase price is €10 million, free of debt and cash. Thule, which is already a strong player in the segment, says the ...
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News briefs
Backed by Berkshire Partners, Implus has taken over Spenco Medical...
Backed by Berkshire Partners, Implus has taken over Spenco Medical Corp.'s insole business and its 2nd Skin medical adhesive line. It will integrate them into its insole business, which comprises the Sof Sole and Sof Comfort brands among others. Implus will also acquire Spenco's Canadian operations. The remaining operations of ...
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News briefs
The Incipio Group said that one of its subsidiaries started...
The Incipio Group said that one of its subsidiaries started a tender offer for Skullcandy at a price of $5.75 per share in cash, which was agreed on June 23 with the board of the U.S. headphones maker. Incipio's offer amounted to about $177 million. The group is already involved ...
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News briefs
Skechers has moved to bigger offices for its British subsidiary,...
Skechers has moved to bigger offices for its British subsidiary, as it continues to expand across Europe. It moved from Potters Bar, north of London, to a nearby facility of about 1,600 square meters in St Albans, with nine showrooms and plenty of multi-media technology. Rapid growth in the U.K. ...
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News briefs
JD Sports Fashion discloses that Brian Small, chief financial officer...
JD Sports Fashion discloses that Brian Small, chief financial officer of the group, bought 5,000 shares in the company on July 7 at a price of £10.92. The purchase raises his total holdings in the company to 100,800 shares, representing a stake of 0.05 percent.
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News briefs
Shimano Europe's new headquarters, in the Dutch city of Eindhoven,...
Shimano Europe's new headquarters, in the Dutch city of Eindhoven, will open in January 2017. The facility will accommodate more than 200 employees, after an initial period in which there will be around 150. The Eindhoven office is supposed to become the most important one for the company in Europe, ...
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News briefs
McGregor Fashion Group Holding, the Dutch company that owns Gaastra,...
McGregor Fashion Group Holding, the Dutch company that owns Gaastra, has started holding talks with potential investors and buyers for all or parts of its business after it obtained court protection from creditors earlier this month. McGregor acquired a majority share in Gaastra, the nautical brand, in 2000. A spokesman ...
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News briefs
Running Heroes, a French online platform intended to stimulate running...
Running Heroes, a French online platform intended to stimulate running participation, has raised €2 million from two French investment companies and business angels. The two lead investors are A Plus Finance and BPI France. Launched in May 2014, Running Heroes encourages runners with goodies and rebates offered by partner brands, ...
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News briefs
Coalision, the Montreal-based company that owns the Lolë brand of...
Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The ...
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News briefs
Skullcandy may go private. Rick Alden, founder and former chief...
Skullcandy may go private. Rick Alden, founder and former chief executive of the struggling American supplier of headphones, is exploring ways of acquiring the shares that he doesn't presently own. Ptarmagin, a fund controlled by him, owns 12.7 percent of the public company's shares. The stock opened at $20 when ...
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News briefs
Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus...
Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus Iberomérica, after a settlement of its debts with the outstanding creditors. The bankruptcy proceedings started in 2012. The Spanish brand had entered the market in 2009.
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News briefs
The owners of Alnisa Sport Group have reportedly announced the...
The owners of Alnisa Sport Group have reportedly announced the start of liquidation proceedings, citing the Spanish company's failure to reach an agreement with Under Armour. Alnisa has been Under Armour's distributor for Spain, Portugal and Andorra for about ten years. As reported in our last issue, UA is planning ...
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News briefs
Cybex International, the fitness company recently acquired by Brunswick Corp.,...
Cybex International, the fitness company recently acquired by Brunswick Corp., parent company of Life Fitness, has broken ground on a $23 million expansion of its manufacturing facility in Owatonna, Minnesota. The extension should double the factory's capacity and add 100 jobs to the existing staff of 324 people.
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News briefs
The general meeting of XXL ASA has approved a stock...
The general meeting of XXL ASA has approved a stock repurchase program, allowing the board of directors to raise the share capital in one or more rounds by a total of up to 1.2 million Norwegian kroner (€0.13m-$0.14m) up to June 30, 2017. The authorization may be used to issue shares ...
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News briefs
361 Degrees is offering to buy back 1,430.5 billion yuan...
361 Degrees is offering to buy back 1,430.5 billion yuan renmimbi (€202m-$230m) worth of 7.5% notes issued in September 2014 and maturing on Sept. 12, 2017. The purchase price corresponds to a premium of 3 percent on the value of the notes, listed on the Hong Kong stock exchange. The ...
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News briefs
Implus, the acquisitive U.S. company that owns a raft of...
Implus, the acquisitive U.S. company that owns a raft of sports, outdoor and footwear accessories brands, has snapped up the assets of MCN Solutions in Cape Town, a South African distribution partner for Implus and other sporting goods companies. The move will enable Implus to have its own organization in ...
