News briefs - Corporate and M&A – Page 62
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News briefs
Toru, an autonomous robot that Zalando is using to pick...
Toru, an autonomous robot that Zalando is using to pick shoe boxes from the shelves of its warehouses, has completed its test phase at the German e-tailer's logistical hub in Erfurt, Germany. Next up are a pilot phase at the company's warehouse in Lahr and, if that is successful, deployment ...
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News briefs
Zalando is launching a four-week pilot project to introduce reusable...
Zalando is launching a four-week pilot project to introduce reusable packaging for its customer deliveries. The Berlin-based online retailer will ship deliveries to 10,000 customers in Finland, Norway, Sweden and Denmark in envelopes that can be used for shipments as well as returns in a bid to reduce packaging waste ...
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News briefs
Columbia Sportswear has purchased three buildings from Electro Scientific Industries...
Columbia Sportswear has purchased three buildings from Electro Scientific Industries (ESI), a firm specialized in laser applications. All lie within a quarter-mile of Columbia's current headquarters in Washington County, Oregon, and will expand it. The additional 200,000 square feet of space are costing about $33 million. The first building should ...
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News briefs
Hestra, the Swedish maker of sports gloves, has doubled its...
Hestra, the Swedish maker of sports gloves, has doubled its headquarters in the U.S. by relocating to a new building in Arvada, Colorado. The premises measure 32,000 square feet and host the company's corporate offices, warehouse and U.S. showroom, which can display more than 400 models of gloves. The building ...
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News briefs
AG Motors has inaugurated a factory for aluminum bicycle frames...
AG Motors has inaugurated a factory for aluminum bicycle frames – Europe's second such facility – in the Polish city of Podgrodzie. According to Bike Europe, this makes the 10-year-old company the first producer able to manufacture a complete aluminum frame in a single uninterrupted welding process, thanks to developments ...
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News briefs
Li & Fung has sold a 21.7 percent stake in...
Li & Fung has sold a 21.7 percent stake in its rather sophisticated LF Logistics business to a Singapore-based investment company, Tomaskek, for $300 million to help expand its operations in Asia and improve its own capital structure. The group saw its revenues decline by 8.4 percent on an organic ...
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News briefs
Accell Group has sold the e-bike development brands Protanium and...
Accell Group has sold the e-bike development brands Protanium and Diavelo to a new Swiss company. Protanium GmbH, based in Zurich and headed by Karin Vogelsanger as chief executive and managing partner, has been founded for this take-over. Protanium GmbH will continue to operate the Diavelo e-bike brand. The company ...
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News briefs
Sports Direct has announced that Grant Thornton, its auditor since...
Sports Direct has announced that Grant Thornton, its auditor since 2007, has decided to quit. Grant Thornton's resignation will come into effect on Sept. 11, the date of Sports Direct's next annual shareholders meeting.
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News briefs
LIR, the family holding company that controls Geox and Diadora...
LIR, the family holding company that controls Geox and Diadora as well real estate assets through Domicapital, has confirmed a report that it is now open to targeted acquisitions. In an interview with the Italian daily Il Gazzettino, Mario Moretti Polegato, chairman and founder of Geox, said that LIR, which ...
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News briefs
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen...
Alpargatas, the Brazilian owner of such brands as Havaianas, Osklen and Dupé, is selling its Argentinian subsidiaries for the equivalent of about €3.3 million. The deal follows an agreement that the Brazilian footwear manufacturer reached in September 2018 to sell 22.5 percent of the businesses behind its Topper brand, both ...
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News briefs
Last April Snipes, the sneaker retail chain that has belonged...
Last April Snipes, the sneaker retail chain that has belonged to the Deichmann group since 2011, took over Kicks USA, a retail chain specializing in sneakers, athletic shoes and clothing, with 64 stores in eastern part of the U.S. Now it has acquired Mr. Alan's Men's Bootery, another sneaker chain based in ...
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News briefs
Mike Ashley likes to go for struggling retail operations, despite...
Mike Ashley likes to go for struggling retail operations, despite his fiasco with his investments in Debenhams and House of Fraser. His company, Sports Direct International, has acquired the brand and other assets of Jack Wills, a British chain of upscale fashion stores catering to young people, for £12.75 million ...
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News briefs
A private investment firm, Black Rock, has agreed to put...
A private investment firm, Black Rock, has agreed to put up $875 million to buy a stake in the Authentic Sports Group (ABG), according to the Wall Street Journal, valuing the company at around $4 billion. It will apparently replace Leonard Green Partners as the largest shareholder in the American ...
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News briefs
Lew's Holdings Corporation, an American supplier of fishing and hunting...
Lew's Holdings Corporation, an American supplier of fishing and hunting gear, is acquiring Fox International, Europe's largest privately owned fishing tackle company, with headquarters in Brentwood, Essex. The deal is subject to regulatory approvals and closing conditions, and the financial terms remain undisclosed. The two companies will be retaining their ...
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News briefs
Nike has made another acquisition to boost its consumer-direct initiative....
Nike has made another acquisition to boost its consumer-direct initiative. After taking over a data analytics firm, Zodiac, and a developer of body-scanning technology, Invertex, it has acquired Celect, an American company that uses artificial intelligence to analyze retail data and predict future consumer purchases and the related allocations of ...
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News briefs
Chang Shin, a South Korean footwear manufacturer that works for...
Chang Shin, a South Korean footwear manufacturer that works for Nike, has invested $100 million in the Vietnamese province of Dong Nai. The company handles design and product development at its headquarters in Korea and manufactures about 90 million pairs of shoes annually in China, Indonesia and Vietnam.
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News briefs
Lenzing is cooperating with JDA Software to digitize its supply...
Lenzing is cooperating with JDA Software to digitize its supply chain. The company's goal is to create an end-to-end planning process that precisely matches demand and supply. The JDA Sales & Operations Planning software was recently deployed across Lenzing's operations in production as well as sales, marketing and finance. With JDA's ...
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News briefs
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable...
Evoc Sports has acquired Tranzbag, a Swiss maker of foldable bicycle transportation bags. Tranzbag was founded 25 years ago by Bendicht Luginbühl, a Bernese bike pioneer and media professional who is considered the inventor of the foldable, serially manufactured bicycle transport bag. Evoc, based in Munich, specializes in protective sports ...
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News briefs
In response to strengthening local demand, Velomotors is investing 400...
In response to strengthening local demand, Velomotors is investing 400 million rubles (€5.5m-$6.1m) in a factory in Kransnodar Krai in the southern part of Russia with an intended production capacity of 300,000 bicycles per year. Making use of an abandoned plant, the project is important because it is the first ...
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News briefs
The Tecnica Group has just completed two transactions to strengthen...
The Tecnica Group has just completed two transactions to strengthen its market position in outdoor footwear. The Italian sports group has increased its stake in Lowa from 60 percent to 75 percent, purchasing the new shares from the family of Renzo Castellani, the owner of a company, Riko Sport, that ...
