News briefs - Corporate and M&A – Page 6
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News briefsUS investor acquires Decathlon properties
French media report that US investor Realty Income has acquired part of Decathlon’s real estate assets. The transaction includes the sale of properties housing some 90 of the group’s stores in France, Spain, Portugal, Italy and Germany. The value of these properties is estimated at over €600 million and totals ...
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News briefsNew Balance commits $10 million to new sports leadership institute at UMass Boston
The University of Massachusetts Boston (UMass Boston) has announced a commitment of $10 million from New Balance Athletics, Inc. to establish the New Balance Institute for Innovative Leadership in Sport at the university. The donation will provide operational funds to launch the institute. The New Balance Institute for Innovative Leadership ...
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News briefsBODi announces $5.3m registered direct offering
California-based subscription health and wellness company The Beachbody Company (BODi) has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 543,590 shares of the company’s common stock (or common stock equivalents) at a purchase price of $9.75 per share of common stock ...
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News briefsUvex subsidiary BSA to shut down, 190 jobs affected
German Uvex Group plans to close an independent Uvex subsidiary, B-S-A Gesellschaft für Kunststoffverarbeitung und -handel mbH (BSA), based in Obernzell, where bicycle, riding and winter sports helmets have been produced for 30 years, by the end of 2024. All 190 jobs are to be affected by the closure. Uvex ...
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News briefsGolden Goose enters the pádel game
Golden Goose has entered the market for pádel, according to Women’s Wear Daily, Fashion Network and La Gazzetta dello Sport. The sneaker brand is putting its stamp on a pádel club called Atlante Arena, the fruit of a partnership with Demetrio Albertini and Lorenzo Alfieri, who founded the City Padel ...
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News briefsXponential acquires metabolic health brand, partners with fitness and dance platform
Xponential Fitness has agreed to acquire the metabolic health brand Lindora. Under the terms of the transaction, Lindora’s 31 clinics will become Xponential franchise locations, and Xponential will acquire all of Lindora’s intellectual property and franchise the brand globally. The transaction is expected to close in early 2024. Founded ...
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News briefsMacron announces major headquarters expansion
Italian sportswear brand Macron is investing in a new project that will see the construction of two new buildings in an area alongside its current headquarters in Valsamoggia, near the city of Bologna. The new campus will be a multifunctional complex featuring offices, showrooms, areas for material testing, production facilities ...
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News briefsAsics works on enhancing personalization and data protection compliance
Asics has selected Boston-based pure-play customer data platform (CDP) BlueConic to reimagine how it engages with customers. The move will empower the Asics team to support a growing number of personalization projects while remaining compliant with consumer data privacy regulations around the globe. With operations across the Americas, Europe, the ...
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News briefsCastore secures £145 million investment
British sportswear brand Castore has announced that it has secured growth investment in a funding round led by Raine Partners, the equity arm of The Raine Group. Hanaco Ventures and Felix Capital also participated in the investment through their respective growth funds. The £145 million (€169m) investment will allow Castore ...
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News briefsSportScheck files for insolvency, Frasers pulls out - for now
After the real estate and retail holding company Signa, led by Austrian magnate Rene Benko, filed for insolvency last week following failed attempts to secure new financing, German retailer SportScheck GmbH has now also filed for insolvency. SportScheck has 34 stores in Germany and reported annual sales of around €350 ...
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News briefsCanada Goose acquires its first European factory
Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania. These will now become the brand’s first factory in Europe. Its other seven factories are all in Canada. Paola Confectii has been supplying knitwear to Canada Goose since its founding in 2017. Its General Manager, Giannino Lessi, ...
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News briefsUnited Sports Brands acquired by private equity firm
California-based United Sports Brands (USB), the parent of Pearl Izumi, Shock Doctor, McDavid, Cutters, Nathan and Glukos, has been acquired by US private equity firm Norwest Equity Partners. The transaction closed on Nov. 20, 2023, and financial terms were not disclosed. Norwest’s history with USB brands dates ...
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News briefsDecathlon acquires Bergfreunde from Backcountry
Bergfreunde GmbH, the German online specialist retailer for mountain sports, climbing and outdoor equipment, has a new strategic partner: French sporting goods manufacturer and retailer Decathlon is acquiring the German company from US outdoor retailer Backcountry. The purchase agreement was signed on Nov. 24, 2023. The transaction is still pending ...
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News briefsFootway employees and board members acquire significant stake in the company
Shortly after the company submitted a preliminary reorganization plan to its creditors at the beginning of November, Swedish Footway Group AB has announced that key employees and board members, together with investors, have acquired a significant portion of the company’s shares. The transaction comprises a total of approximately 8.8 million ...
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News briefsCircle Sportswear raises €4m in latest funding round
Circle Sportswear, the French start-up that uses recycled resources to produce new technical garments that are themselves recyclable, has raised €4 million in a Series A funding round. The investment is led by French positive impact investment firm Alter Equity, alongside its historical shareholders and Thierry Peuchot, former marketing director ...
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News briefsBasketball Revolution rebrands as Basketball Emotion, opens first store in Madrid
Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefseBay supports voluntary offer to acquire Adevinta
eBay has announced its support for the voluntary tender offer led by Permira and Blackstone for all publicly traded shares of Adevinta, a publicly traded Norwegian company and the world’s largest operator of online classifieds portals. Under the terms of the transaction, eBay would sell 50 percent of its shares ...
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News briefsActive Apparel Group expands global presence to Europe
Source: Active Apparel Group Éimear McDermott, Director of Sales Europe Active Apparel Group (AAG), a performance apparel manufacturer for the outdoor lifestyle and active market, is expanding its global presence by opening a new office in Milan, Italy. Headquartered in Australia with existing strategic locations in ...
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News briefsIconix acquires British streetwear label
The US brand management group Iconix International has acquired a majority stake in the British streetwear brand Hoodrich, thereby expanding its brand portfolio, which already includes Umbro, Pony, Ocean Pacific and Lee Cooper. The terms of the transaction were not disclosed. Hoodrich founder Jay Williams will retain a minority stake. ...
