News briefs - Corporate and M&A
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News briefs
Klarna Checkout sold in billion deal and becomes Kustom
The new fintech company, named Kustom, is now establishing itself as the leading digital checkout solution in the Nordic market.
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News briefs
Alantra acquires majority stake in sports textiles producer SPW Fabrics
SPW Fabrics supplies global brands like Le Coq Sportif, Puma, Adidas, Rapha, Gobik, and Banana Moon.
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News briefs
Altor acquires majority stake in CCM Hockey
Altor invests in the iconic Canadian hockey equipment brand to support growth and to expand it into new markets and product segments.
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News briefs
LVMH acquires 10% of shares in Double R, strengthening ties with Moncler
The partnership is meant to strengthen Ruffini Partecipazioni Holding’s position as the largest shareholder in Moncler.
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News briefs
Authentic acquires Champion and unveils new brand partners
Authentic has chosen three brand partners for the iconic brand.
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News briefs
New Balance opens new EMEA headquarter
The new EMEA headquarters of New Balance, located in a former bike factory, focuses on a good working environment.
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News briefs
Saudi Arabia seeks a stake in EuroLeague
The basketball league’s owners are looking to sell one-third of the business.
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News briefs
Agilitas Sports secures investment, hires creative leader
The Indian sportswear and athleisure solutions platform bolsters its growth strategy with money from Spring Marketing Capital.
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News briefs
BlackRock has regained 5 percent of the shares in Moncler
The Manhattan-based asset management company boosts Moncler holdings to over 5%, as the luxury brand reports 11% revenue growth in the first half of 2024.
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News briefs
ATP-WTA merger could be finalized in 2025
A potential merger has been discussed for years.
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News briefs
Klarna aquires Kiwi company
The Swedish global payments network and shopping assistant, Klarna, has acquired the assets of a New Zealand competitor.
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News briefs
Viento Padel raises €180 million through crowdfunding
The Italian start-up capitalizes on the booming padel trend.
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News briefs
Breuninger reportedly for sale
The iconic German department store chain is reportedly up for sale as part of a potential strategic shift in ownership.
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News briefs
Frasers Group expands into Australia and New Zealand
The expansion follows the acquisition of a significant stake in the Accent Group.
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News briefs
Björn Borg updates financial targets
The annual sales growth target is raised by 5 percent, the Swedish brand has announced.
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News briefs
Peloton partners with Fitbit
The partnership boosted Peloton’s share price by 12 percent.
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News briefs
Avoli is announcing the completion of a $2.1 million seed round
The volleyball shoe brand, which officially launched last year, has secured new funding from a number of investors.
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News briefs
New Era´s acquisition of ’47 complete
New Era Cap, LLC, announced today, August 8, the completion of its acquisition of ’47, the privately held sports lifestyle brand.