News briefs - Corporate and M&A – Page 121
-
News briefs
DVS Shoe, the American action sports company that filed for...
DVS Shoe, the American action sports company that filed for Chapter 11 bankruptcy protection last week, is hoping to draw bids of at least $4.3 million at an auction to be held in June – if approved by the bankruptcy court. The company filed for bankruptcy protection under a procedure ...
-
News briefs
Rumors are circulating about a possible new change of ownership...
Rumors are circulating about a possible new change of ownership for Cisalfa Sport, the leading sporting goods retailing group in Italy that also owns Intersport Italia. The rumors indicate that its founder, Vincenzo Mancini, may buy back Cisalfa after sounding out potential investors in the U.K., Austria and Russia. Cisalfa's ...
-
News briefs
Golf Town, the largest golf retail chain in Canada, has...
Golf Town, the largest golf retail chain in Canada, has struck an agreement to acquire Golfsmith, the largest golf retailer in the U.S., in a merger deal that would create the world's largest specialty golf retailer, with about 150 stores in North America and annual sales approaching $800 million. Golfsmith ...
-
News briefs
The Ziener family, which owns the German producer of gloves...
The Ziener family, which owns the German producer of gloves by the same name, has sold a 34.5 percent share of the company to an institutional investor. Sport-Fachhandel, the German trade publication, reports that the new partner is Hannover Finanz Gruppe, a private equity company that has 44 companies in ...
-
News briefs
Sundek, the Italian brand of colorful boardshorts, is up for...
Sundek, the Italian brand of colorful boardshorts, is up for sale, according to the Italian press, as its controlling shareholder, an equity investment fund called DGPA, has decided to get out of the garment sector. The company, which had a reported turnover of €25 million last year, has been diversifying ...
-
News briefs
Prince expects to come out of bankruptcy proceedings and to...
Prince expects to come out of bankruptcy proceedings and to fall under the full ownership of Authentic Brands Group after a final court hearing scheduled for May 24 and a meeting with creditors on June 5. According to court documents, Prince generated sales of $35 million last year in Europe, ...
-
News briefs
Puma has formally established a 100 percent owned subsidiary in...
Puma has formally established a 100 percent owned subsidiary in Israel. It will begin operations next Jan. 1 under the management of Guy Daneman, and it will start opening Puma stores at strategic locations as of 2013. Grundman & Company, which has been representing the brand in Israel for more ...
-
News briefs
Rectifying some recent press reports, the management of Regatta Group...
Rectifying some recent press reports, the management of Regatta Group indicates that the total number of its warehouse employees in the U.K. should grow from 165 to 220 as part of a reorganization of its logistics that will see each of its three brands – Regatta, Dare2b and Craghoppers – centralizing ...
-
News briefs
Together with four Swiss nationals who are acting as minority...
Together with four Swiss nationals who are acting as minority shareholders, Tony Hutchinson has bought back the shares of International Brand Licensing (IBL), the company that was managing the rights for the Admiral brand, to use it for the launch of an interesting brand of bodywear, Muscle Athletic, through the ...
-
News briefs
Frank Koch, a German veteran of the fitness equipment industry,...
Frank Koch, a German veteran of the fitness equipment industry, has become managing director of a new company, Sportart 3, that will be responsible for the distribution of a new line of Adidas badminton racquets and other Adidas branded products for boxing and martial arts in the German-speaking countries and ...
-
News briefs
Sporteam is a new Spanish buying group, set up to...
Sporteam is a new Spanish buying group, set up to coordinate purchases of products and services by sports clubs, municipal procurement offices and other institutions. Reportedly, the members can get discounts of up to 60 percent on balls and other types of equipment.
-
News briefs
A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang...
A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang Red Dragonfly Footwear, has filed for an IPO, after waiting for two years to do so. Reportedly, the company had a profit of 294 million yuan renmimbi (€37m-$47.1m) on sales of RMB2,672 million (€332m-$421m).
-
News briefs
Albany International has agreed to sell its Primaloft insulation business...
Albany International has agreed to sell its Primaloft insulation business to a newly created company, Primaloft Inc. The deal is a management buyout orchestrated by Primaloft's senior management, led by Michael Joyce, who previously acted as president of Albany's Applied Technology Group. The transaction is worth some $38 million and ...
-
News briefs
Schiesser, the German underwear company, has canceled the stock market...
Schiesser, the German underwear company, has canceled the stock market launch it had scheduled for the second quarter of this year, after it agreed to a takeover by Delta Galil Industries, a larger rival based in Israel. Schiesser is just starting to regain some strength after going into receivership in ...
-
News briefs
ANWR, the big buying group for shoe retailers and Sport...
ANWR, the big buying group for shoe retailers and Sport 2000's licensee for Germany, Switzerland and Luxembourg, wants to acquire the remaining outstanding shares of Garant Schuh + Mode, another buying group for shoe retailers. Additionally, Garant has members from the sporting goods retail sector under the Fair Play banner, ...
-
News briefs
Marchon Eyewear has bought Dragon Alliance, an American brand of...
Marchon Eyewear has bought Dragon Alliance, an American brand of goggles and eyewear for action sports. The acquisition of the 19-year-old company expands Marchon's presence in the action sports market with products for surfing, snowboarding and dirt biking. Will Howard, Dragon's founder and chief executive, will continue to lead the ...
-
News briefs
Billabong has completed the sale of a partial stake in...
Billabong has completed the sale of a partial stake in Nixon, its watches and accessories brand, to Trilantic Capital Partners. The two companies will now operate a joint venture in which each has a 48.5 percent share in Nixon, with the remaining 3 percent in the hands of Nixon management. ...
-
News briefs
Kesko has acquired full ownership of the Intersport chain in...
Kesko has acquired full ownership of the Intersport chain in Russia by taking over the 20 percent stake that was still in the hands of its former owner, Melovest. The Russian operation has 35 sporting goods stores, mainly in the St. Petersburg and Moscow regions. Kesko, which holds the ...
-
News briefs
Rossignol has put an end to its apparel licensing agreement...
Rossignol has put an end to its apparel licensing agreement with Sports et Styles, which is related to Look Cycle, the French bicycle company. The license was attributed in 2009, to ensure the continuity of Rossignol's apparel business while the company's new owners, led by Bruno Cercley, focused on its ...
-
News briefs
Pou Sheng International, one of the two leading sports retailers...
Pou Sheng International, one of the two leading sports retailers in China, warned that it would suffer a loss for the six months until the end of March, while it recorded a profit for the same period last year. The company blamed the end of its licensing deal with Converse, ...
