News briefs - Corporate and M&A – Page 23
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News briefsSports Direct could move to new headquarters
Frasers Group, the parent company of Sports Direct, is “exploring options” for a new Sports Direct site, the BBC website has reported. The move would be part of a long-term plan for a massive development on the edge of Coventry, West Midlands, that Frasers has recently outlined, allowing the group ...
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News briefsBleckmann opens new distribution center in the Netherlands
Dutch logistics company and supply chain management expert Bleckmann is opening a new fulfillment center in Venlo to increase its capacity in Europe’s logistics hotspot. A lease agreement for around 30,000 sqm has been signed with Prologis. Operations for the first customers have already started, and further implementations are to ...
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News briefsMySale recommends shareholders accept Frasers buyout offer
MySale has recommended its shareholders accept Frasers Group’s offer to buy the stake in the online shopping group it does not already own, despite maintaining their belief that the bid price undervalues the company. Frasers has offered 2 pence in cash per remaining MySale share. The Australian fashion group said ...
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News briefsBollé sells Cébé
Bollé Brands Group is selling Cébé to a coalition of companies: D.MO and Racer. D.MO is devoted to project management and the industrialization of products in the outdoor sector. Both of its chief executives, Sébastien Delsaux and Maxime Bos, are former Cébé employees. Racer, meanwhile, is a French manufacturer of ...
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News briefsRossignol Group chooses Wintersteiger to provide race ski service machines
Rossignol Group, home to winter sports brands Rossignol and Dynastar, has invested in Wintersteiger’s Jupiter ski service machines for their three production centers in France and Spain. Introduced in 2021, the precision machines will ensure premium processing for the group’s racing ranges and guarantee a perfect, consistent finish and ski ...
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News briefsAdidas teams up with Calm on World Mental Health Day
Adidas has announced a new partnership with Calm, a global mental health platform, on World Mental Health Day (Oct. 10). The idea behind the collaboration is to help progress sports performance by supporting mental well-being. Through Adidas’ membership program, adiClub, consumers can access Calm Premium. The partnership is starting as ...
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News briefsAdidas reviewing its contract with Kanye West
Adidas has placed its partnership with Kanye West “under review,” as our colleagues at the American edition of SGI report. The sportswear company has in the past spoken in the same terms of deals subsequently ended with Ashworth, TaylorMade and Reebok. This is a response to West’s badmouthing last month ...
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News briefsi-Run raises €100 million from group of investors
i-Run, a French online and offline retailer specializing in running apparel and shoes, has reached an agreement with a group of long-term investors led by Geneo Capital Entrepreneur in a deal worth a total of around €100 million. This equity investment is meant to allow i-Run to enter a new ...
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News briefsGolden Goose acquires Italian Fashion Team
Luxury sneakers specialist Golden Goose announced that it acquired Italian Fashion Team, a high-end sneakers producer and Golden Goose’s main supplier, for an undisclosed amount. The two companies have worked together for seven years. Based in Casarano, near the Apulian city of Lecce, Italian Fashion Team is headed by founder ...
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News briefsAsics invests in a Honda start-up
Asics Ventures, the investment subsidiary of the sportswear brand, has acquired a stake in Ashirase, a start-up that got its start in the business-creation initiative of Honda Motors, called Ignition. Asics has not disclosed the size of its investment. Ashirase’s product, also called Ashirase, is a system designed to help ...
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News briefsUnions seek to raise pay and benefits at El Corte Inglés
The collective-bargaining agreement drafted by Spain’s Federation of Department Store Unions (FASGA) for El Corte Inglés and other big retailers proposes a raise of 6 percent for employees earning about €18,500 a year for 2023, with a second 6 percent raise to follow in 2024. FASGA had proposed raises of ...
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News briefsAcquisition of Padel Panorama canceled
Every Padel i Sverige, a subsidiary of Everysport Group, has canceled an agreement signed in June to acquire 100 percent of the shares of another Swedish company, Padel Panorama, for SEK 0.6 million (€55,000). According to a statement from the parent company, the reason is “discrepancies in the warranty provided ...
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News briefsBarooders raises €2.2m in new funding round
Barooders, a French marketplace for second-hand sporting goods, has announced its latest round of funding, which amounts to €2.2 million. Investors include tennis player Stan Wawrinka and Kima Ventures. Barooders was founded by Edwige Michau and Geoffroy D’Autichamp in October 2021.
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News briefsUEFA might include the U.S. in future Supercup
The Union of European Football Associations (UEFA), according to Palco23 and other sources, is toying with the idea of establishing a new, more international Supercup in 2024 – one that would pit the top team of U.S. Major League Soccer against the top teams of the Champions League, Liga Europa ...
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News briefsAnta to build international operations center in Suzhou
Sports group Anta, headquartered in China’s Fujian province, is planning to build an international operations center in the city of Suzhou, the trade publication Sportstextiles has reported. The new 160,000-square-meter center will be built within the China–Singapore Suzhou Industrial Park, also known as Suzhou Industrial Park. The total investment will ...
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News briefsTherabody announces $165 million growth equity round
Wellness technology firm Therabody has announced the close of its growth equity round with a total financial backing of $165 million. The capital raise, led by private equity firm North Castle Partners, includes existing investors such as Kevin Hart’s HartBeat Ventures and Aaron Rodgers’ Rx3 Ventures. J.P. Morgan served as ...
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News briefsSpoon Group raises £740,000
Spoon Group, the bespoke bike company that owns the WyndyMilla and Spoons Customs brands as well as custom paint shop Gun Control Paint, has closed a financing round worth £740,000 (€845,575). A private round that brought in nearly £300,000 in new investment was followed by funding from long-term debt partner ...
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News briefs
Kanye West’s company files new trademarks for apparel, accessories and services
Kanye West’s company Mascotte Holdings has just filed new trademarks for Donda Sports merchandise, TMZ has revealed in an exclusive report. According to the report, Mascotte has filed new trademarks for such apparel as T-shirts, jackets and hats, as well as shoes and a range of accessories, including fanny packs, ...
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News briefs
Lululemon founder announces C$100 million private donation for the environment
Chip Wilson, the founder of Lululemon Athletica, and his wife, Summer, have revealed a donating of 100 million Canadian dollars (€75.2 million) donation to BC Parks Foundation through Wilson 5, their private foundation. The money will support the preservation and development of wilderness in British Columbia’s natural regions, focusing on ...
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News briefsDanish start-up Kollektiv raises €1.5 million in pre-seed funding
Kollektiv, a training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised €1.5 million in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Founded in 2020, Kollektiv is building ...
