News briefs - Corporate and M&A – Page 18
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News briefsNPD and IRI unveil rebranding
IRI and NPD have unveiled a new combined company name and brand identity following their merger, which was announced in April 2022. The complex consumer behavior advisor will now be known as Circana (pronounced “Sir-kah-na”). Circana tracks millions of products spanning 2,000+ categories across 500,000+ stores in 20 countries, with ...
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News briefsGap Inc. reports drop in sales across brands, Athleta CEO steps down
Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...
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News briefsPotential Keller Sports investor pulls out – web shop goes offline
The insolvency of Keller Sports is entering the next phase. According to a letter from insolvency administrator Christian Gerloff to Keller customers, Keller Group GmbH was unable to complete a takeover of the company by a third-party investor and has ceased operations as of March 7, 2023. The company – ...
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News briefsThe Athlete’s Foot acquires Sneakers Market S.A. in Greece
Lifestyle and footwear retailer The Athlete’s Foot (TAF) has closed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece. The deal follows the takeover of TAF globally by Arklyz Group in 2021 and marks the beginning of a new strategic direction for ...
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News briefsAuthentic Brands Group is reportedly interested in Hunter Boots
Authentic Brands Group (ABG), the owner of Reebok, is reportedly among the parties interested in Hunter Boot, according to Sky News. Neither ABG nor Hunter have confirmed the information, adds the report. Hunter, founded in 1856, is one of only ten companies to hold two royal warrants. The company is ...
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News briefsFútbol Emotion acquires Yulava Connect
Spanish sports equipment retailer Fútbol Emotion, part of Grupo Tansley, has added the Yulava Connect mobile application to its portfolio. The financial details of the transaction have not been disclosed. Yulava was founded in 2017 by Julián Ángel Daroqui and Jose María Viu. The Yulava app helps football clubs through ...
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News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
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News briefsFIFA is reportedly considering taking over the Stade de France
According to French sports daily L’Equipe, FIFA is considering taking over the Stade de France after the football governing body’s president, Gianni Infantino, discussed the matter with France’s president Emmanuel Macron during a meeting in Paris last month, the report says. FIFA has, however, denied its interest in purchasing the ...
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News briefsYKK with new company logo and more
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
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News briefsSpanish bike-rental company has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
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News briefsOrthoLite reaches brand partner milestone
OrthoLite®, the manufacturer and provider of insoles and material solutions for footwear for more than 25 years, is celebrating a major milestone by welcoming its 500th footwear brand partner. OrthoLite insoles are now found in more than 550 million pairs of shoes each year across all categories – athletic, running, ...
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News briefsAdidas and Ye rumored to agree on cleaning Yeezy inventory worth €500m
According to Hypebeast, Fashion United, Sole and other media, Adidas has agreed with Ye (formerly known as Kanye West) to sell some of the remaining Yeezy branded stock worth $500 million. The two companies have parted in October 2022 after West made a series of anti-semitic comments online in various ...
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News briefsWeSports completes acquisition of Kraftmark
Stockholm-based group WeSports, through its subsidiary Vartex – a Nordic provider of fitness equipment and services – announced today that it has completed the full acquisition of the Swedish fitness and sporting goods company Kraftmark. WeSports acquired the Kraftmark brand and its trademarks in October 2022. When Kraftmark’s Swedish distribution ...
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News briefsBT Sport to be renamed TNT Sports, Eurosport follows in the UK and Ireland
BT Sport will change its name following the merger with Warner Bros Discovery last year. The two companies formed a 50:50 pay-TV sports joint venture in September 2022. TNT Sports will take over BT Sport’s live offerings in July. Starting in 2023/24, the Premier League matches will be broadcasted on ...
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News briefsVF Corp. prices €1 billion Eurobond offering
VF Corp. intends to use proceeds from the proposed offering of two €500 million tranches of notes, which are due in 2026 and 2029 with respective coupon rates of 4.125 percent and 4.25 percent for debt repayment, general corporate purposes and to fund certain sustainable development projects. J.P. Morgan, Morgan ...
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News briefsPou Chen reportedly plans massive job cuts at Vietnam footwear factory
Citing two local officials familiar with the company’s plans, Reuters reports that Taiwan-based Pou Chen Corp, which makes athletic footwear for Nike, Adidas and others, plans to cut about 6,000 jobs at its Pouyuen Vietnam plant in Ho Chi Minh City due to weak demand. The plant is reportedly set ...
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News briefsHead opens licensed training center in Abu Dhabi
Head is opening a licensed padel sports training center in Abu Dhabi, the brand’s first in the Middle East, in partnership with Xische Ventures. The official inauguration is scheduled for Feb. 21. Located in Musaffah, the 2,200 sqm facility features five padel courts, a VIP court for private bookings, a ...
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News briefsFormer NikeWomen exec expected to run English women’s football
Source: LinkedIn Nikki Doucet A NewCo will likely be formed to run the Women’s Super League (WSL) and Women’s Championship in English women’s football, and Nikki Doucet has been appointed by The Football Association (The FA) as a consultant to explore this plan, the Telegraph has revealed. ...
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News briefsRich Paul and New Balance launch new sportswear brand
Rich Paul is entering the sportswear business. The American sports agent representing severals prominent NBA players, has announced the launch of Klutch Athletics, a new sports apparel brand “co-authored” with New Balance. Paul is the sports agent who represents LeBron James and is also otherwise known for his romance with ...
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News briefsDunlop Sports’ new international websites combine golf and racquet sports
Dunlop Sports’ new websites in the U.K./Europe, the U.S. and Australia combine its golf and racquet sports businesses. Dunlop is owned by Sumitomo Rubber Industries, a Japan-based tire and rubber company. In April 2022, Sumitomo added the Dunlop logo to the back of professional golfers’ headwear, thereby initiating the consolidation ...
