News briefs - Corporate and M&A – Page 68
-
News briefs
VF Corporation has announced the signing of a 10-year lease...
VF Corporation has announced the signing of a 10-year lease for the remodeled Axtell Soho building in central London, stating that it will become an important business hub for VF and its brands. Located in a vibrant section of the city, close to some of VF's stores in Regent Street, ...
-
News briefs
Sport Zone España has been removed from the Spanish corporate...
Sport Zone España has been removed from the Spanish corporate registry following its merger with JD Sports Fashion and Sprinter in the Iberian Sports Retail Group, in which Sonae, the Portuguese parent of Sport Zone, has a 50 percent stake. JD holds 35 percent of the shares and Sprinter 15 ...
-
News briefs
As expected, the retailers affiliated with Sport 2000 in France...
As expected, the retailers affiliated with Sport 2000 in France approved their acquisition of the 52 percent stake held by Activa Capital in their company at an extraordinary shareholders' meeting on Nov. 22. Supported by bank loans, the retailers will finance the acquisition in different ways, changing the status of ...
-
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 ...
-
News briefs
VF Corp. received cash proceeds of $139.4 million from the...
VF Corp. received cash proceeds of $139.4 million from the sale of Reef to the Rockport Group in the third quarter, according to a filing with the U.S. Securities & Exchange Commission. Subject to adjustments, VF is booking an impairment charge of $9.9 million on the transaction. The group acquired ...
-
News briefs
Michael Jordan, the former NBA player and current owner of...
Michael Jordan, the former NBA player and current owner of the Charlotte Hornets, has joined other investors to raise $26 million in funding for Team Liquid. Founded in 2000, Team Liquid has a roster of more than 60 e-athletes who compete in professional tournaments worldwide in videogames like League of ...
-
News briefs
Woolrich has announced that it will be closing its ancient...
Woolrich has announced that it will be closing its ancient wool mill in Woolrich, Pennsylvania. The mill dates back to 1845, and is currently the oldest continuously operated mill in the U.S. The fabric manufacturing operations will cease by Jan. 1, affecting up to 40 jobs. The company said that ...
-
News briefs
After acquiring the bankrupt House of Fraser chain of department...
After acquiring the bankrupt House of Fraser chain of department stores for £90 million (€101.3m-$115.4m), Sports Direct International has bought the Evans chain of bike shops in the U.K., which recently fell into administration (a form of bankruptcy) for £8 million (€9.0m-$10.3m). SDI will keep about half of Evans' 62 ...
-
News briefs
PlumRiver Technologies, the B2B e-commerce software company, has agreed to...
PlumRiver Technologies, the B2B e-commerce software company, has agreed to acquire CenterStone Technologies, a competitor that is well known as the operator of the iVendix B2B platform for wholesale transactions with users in 127 countries. Between them, PlumRiver and CenterStone serve a large number of high-profile clients in the outdoor, ...
-
News briefs
Keller Sports, the German online retailer of selected sporting goods,...
Keller Sports, the German online retailer of selected sporting goods, says it has raised an eight-digit amount of equity financing from Reimann Investors, which was already its lead investor, and from the Co-Investor Group. The new financing round, which is described as the largest one in the company's history, is ...
-
News briefs
Decathlon entered yet another new country, Cambodia, with a store...
Decathlon entered yet another new country, Cambodia, with a store in Phnom Penh this past August. It plans to move for the first time into Egypt next January and Chile in April with stores in Cairo and Santiago. The Cairo store will be supplied from Morocco and the Santiago unit ...
-
News briefs
VF Corp. has completed the sale of Reef to the...
VF Corp. has completed the sale of Reef to the Rockport Group, which was recently taken over by Charlesbank Capital Partners. The disposal of the action sports brand will reduce VF's annual revenues by about $150 million. According to ShopEatSurf, Roger Spatz will stop running Reef after a short transition, ...
-
News briefs
VF Corp. denies speculation that tax reasons may have led...
VF Corp. denies speculation that tax reasons may have led it to relocate some customer service functions from Stabio in Switzerland to Nottingham in the U.K. last year. Citing business optimization reasons, VF points out that it also decided last year to move Timberland's apparel design center from London to ...
-
News briefs
Cherokee, the American licensing firm whose brands include the eponymous...
Cherokee, the American licensing firm whose brands include the eponymous Cherokee, Tony Hawk and Hi-Tec, has filed a registration statement to offer unspecified units of stock, warrants, debt securities and preferred stock and to sell some 2.8 million shares valued at $1.7 million. Short of cash, the firm hopes to ...
-
News briefs
Joy Sportswear, the German apparel brand that markets the Joy...
Joy Sportswear, the German apparel brand that markets the Joy and Tao brands, has been wholly acquired by Melchers, a German-based trading company. The Federal Cartel Authority still has to approve the takeover. Joy Sportswear currently employs 50 people, who will be kept on staff by the new owner. Though ...
-
News briefs
Le Col, a premium cycling clothing brand, has secured a...
Le Col, a premium cycling clothing brand, has secured a £2.35 million (€2.7m-$3.0m) investment from Puma Private Equity, which is meant to help Le Col undertake international expansion. Puma Private Equity, based in the U.K. and part of Puma Investments, funds small and medium sized enterprises (SMEs) across a variety of ...
-
News briefs
Adidas has opened a new event center and staff restaurant...
Adidas has opened a new event center and staff restaurant at its headquarters in Herzogenaurach. The new building, encompassing 14,000 square meters, is called Halftime. By April 2019, Adidas will also open a new building with workplaces for 2,000 employees, a new car park, meeting spaces and areas for sports ...
-
News briefs
Joma, the Spanish manufacturer of sportswear, has opened an employee...
Joma, the Spanish manufacturer of sportswear, has opened an employee gymnasium at its corporate headquarters in Portillo de Toledo, Spain. Running was a major theme at the inauguration, as Joma announced that it would be converting the number of kilometers run by employees into donations in euros to the Fundación ...
-
News briefs
There is still no word about the position of Amer...
There is still no word about the position of Amer Sports' board of directors on the proposed all-cash bid for the group by Anta Sports Products and FountainVest Partners (see our previous issue). Amer reported on Sept. 17 that one of its major shareholders, the AXA insurance group, reduced its ...
-
News briefs
VF Corporation is making a further adjustment to its brand...
VF Corporation is making a further adjustment to its brand portfolio with a definitive agreement to sell its Reef brand of beach lifestyle products to the Rockport Group, which also holds the Aravon and Dunham brands Rockport, which is now run by Gregg Ribatt, was recently taken over by ...
