News briefs - Corporate and M&A – Page 67
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News briefs
Ciesse Piumini was back at Pitti Immagine Uomo in Florence...
Ciesse Piumini was back at Pitti Immagine Uomo in Florence in January, after a ten-year absence from the trade show. The brand presented a capsule collection which takes inspiration from the 1980s' fashion trends. The Italian brand has plans to considerably expand its exports, currently accounting for only 10 percent ...
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News briefs
Trerè Innovation, a big Italian knitwear manufacturer that works with...
Trerè Innovation, a big Italian knitwear manufacturer that works with Armani and Rossignol, is building a new research center at its headquarters in Asola. Called Areas – an acronym for Academy Research and Engineering for Apparel in Sports – the center is the result of a partnership with CeRiSM, the ...
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News briefs
Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements,...
Edwin Haid and Quirin Kammerer have acquired 100 percent of Pro-X-Elements, the manufacturer of outdoor apparel. The previous owner, Matthias Cramer, sold all of his shares to the new shareholders on Dec. 1, 2018. Haid and Kammerer will manage the company together as managing partners. As former executives at Jeantex, a ...
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News briefs
Foot Locker has invested $2 million in Pensole Inc., which...
Foot Locker has invested $2 million in Pensole Inc., which runs the Pensole Footwear Design Academy. Founded in 2010 by D'Wayne Edwards, former director of design at Nike's Jordan Brand, Pensole offers prospective footwear designers free tuition and a learn-by-doing curriculum. Some 400 alumni are currently at work in the ...
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News briefs
Skechers USA has begun to expand its headquarters in California....
Skechers USA has begun to expand its headquarters in California. The project, overseen by David Forbes Hibbert of DFH Architects, will feature a design center of 100,000 square feet, add new executive offices along the Pacific Coast Highway in Hermosa Beach, double the offices, design studios and showrooms in the ...
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News briefs
Under Armour wants to remain committed to its original identity...
Under Armour wants to remain committed to its original identity as a performance brand, in the midst of the athleisure trend that has been characterizing the sportswear market over the last few years. In an interview with the Financial Times, Kevin Plank, the company's founder and chief executive, said that ...
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News briefs
New Balance has announced plans to open an advanced manufacturing...
New Balance has announced plans to open an advanced manufacturing facility in Methuen, Massachusetts. The new plant, which is expected to start operations within the next 12-18 months, will complement the company's existing factory in Lawrence, also in Massachusetts. The new facility will include advanced manufacturing, R&D and 3D printing ...
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News briefs
Badger Sport has suspended orders at one of its Chinese...
Badger Sport has suspended orders at one of its Chinese suppliers following media reports that garments were being made with forced labor from people detained in Xinjiang's internment camps. Badger, based in Statesville, North Carolina, provides sports apparel to wholesalers and sports teams across the U.S. An investigative report by ...
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News briefs
Adidas has announced the start of the second tranche of...
Adidas has announced the start of the second tranche of a multi-year share buyback program launched last March. The group plans to repurchase around €800 million worth of its own shares during 2019. It already spent last year €1 billion to buy back 5.1 million shares, corresponding to 2.5 percent ...
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News briefs
A consortium of investors led by Anta Sports Products, China's...
A consortium of investors led by Anta Sports Products, China's largest sporting goods company, commenced a public cash tender offer for all the shares of Amer Sports on Dec. 20, following the approval of their bid by Amer's board of directors and. unanimously recommending that its shareholders should accept the ...
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News briefs
Crocs has agreed to repurchase the preferred convertible shares of...
Crocs has agreed to repurchase the preferred convertible shares of Blackstone Capital Partners, which had acquired them in 2014 as part of a $200 million investment in the company. Crocs will buy back half of the preferred shares at $26.64 each for a total of $183.7 million. The other half ...
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News briefs
Confirming a report in Angling International, the JD Sports Fashion...
Confirming a report in Angling International, the JD Sports Fashion group said it is taking over Fishing Republic, a chain of 14 fishing tackle stores in the U.K. The management pointed out, however, that the group has only acquired the trade and assets from the administrators of the chain, which ...
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News briefs
Polygiene is planning to open a new subsidiary in Hong...
Polygiene is planning to open a new subsidiary in Hong Kong. The Swedish odor-control specialist said the move is aimed at further strengthening its presence in Asia, which it considers an important market both for now and the future.
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News briefs
Newell Brands has announced the completion of the divestiture of...
Newell Brands has announced the completion of the divestiture of Pure Fishing to Sycamore Partners and of Jostens to Platinum Equity. The total expected net proceeds of $2.5 billion after taxes will be used to pay down debt and buy back shares. The remaining assets include the Coleman Group and ...
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News briefs
Farfetch, the leading internet platform for the luxury goods industry,...
Farfetch, the leading internet platform for the luxury goods industry, has announced a definitive agreement for the acquisition of Stadium Goods, described as the biggest internet marketplace for new and used sneakers and streetwear, for an enterprise value of $250 million, payable in cash and shares. The move is a ...
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News briefs
Adidas has announced the completion of the first tranche of...
Adidas has announced the completion of the first tranche of a share buyback program, saying that it will give a total return to shareholders of more than €1.5 billion in 2018. The company bought back 5.1 million shares, corresponding to 2.5 percent of its equity, between March 22 and Dec. ...
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News briefs
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and...
Sandro Parisotto, president of Calzaturificio Scarpa, his sister Cristina and a cousin, Davide Parisotto, have taken over the shares of two other members of the Parisotto family in the Italian maker of ski mountaineering and outdoor shoes. The sellers are two cousins of Sandro, Andrea and Piero Parisotto. The terms ...
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News briefs
Moody's has assigned a Ba3 credit rating and a speculative...
Moody's has assigned a Ba3 credit rating and a speculative grade liquidity rating of SGL-2 to the proposed $480 million senior secured term loan that Callaway Golf is set to use to finance its acquisition of Jack Wolfskin (see our previous issue). It has also assigned a corporate family rating ...
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News briefs
A new Spanish firm, Help Snowboards, hit the market in...
A new Spanish firm, Help Snowboards, hit the market in October with a two-pronged strategy. First, it is aiming to keep prices low and quality high by eliminating retail distribution and selling direct to customers, exclusively through its website. Second, to deal with the issue of showrooming, where consumers try ...
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News briefs
Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings...
Chip Wilson, the wealthy founder of Lululemon, and Tencent Holdings are in discussions to join China's Anta Sports Products in its proposed €4.7 billion bid for Amer Sports, according to Bloomberg. Wilson, who is considered an expert in athleisure, would hold a 20 percent stake in the combined entity, while ...
