News briefs - Corporate and M&A – Page 71
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News briefs
Sport Heroes has raised €4 million from Genairgy, an investment...
Sport Heroes has raised €4 million from Genairgy, an investment firm for the family behind Decathlon, to support its expansion. The four year-old startup strives to encourage more people to practice sports, by rewarding physical activity measured through digital devices with discounts on partner brands and services. The company is ...
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News briefs
The L-Fashion Group is acquiring a stake of 49 percent...
The L-Fashion Group is acquiring a stake of 49 percent in Dachstein, the venerable Austrian brand of outdoor shoes. The shares are being sold by the controlling shareholder, Austro Holding, and by the company's chief executive, Oliver Wieser. Christian Wolsegger, Dachstein's sales manager, is taking over his place. More in ...
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News briefs
The Thule Group has entered into a new, more flexible...
The Thule Group has entered into a new, more flexible and more cost-efficient financing agreement that replaces the one it had contracted in connection with its public offering in November 2014. The new revolving credit facility of €300 million has a maturity of five years with an option for a ...
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News briefs
Calida Holding, the Swiss lingerie company that has controlled Lafuma...
Calida Holding, the Swiss lingerie company that has controlled Lafuma since December 2013, has announced the acquisition of a further 8.54 percent stake in the company, by taking over all the shares held by a minority investor, CDC Entreprises Elan PME. With this transaction, Calida's stake rises to 87.70 percent. ...
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News briefs
Eddie Bauer and Pacific Sunwear, two struggling American retail chains...
Eddie Bauer and Pacific Sunwear, two struggling American retail chains that together have a total of 700 stores, are being merged into a single operation for all their back-office functions. They were both taken over by Golden Gate Capital through bankruptcy auctions.
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News briefs
Accell Group has founded a new start-up called Accell Digital....
Accell Group has founded a new start-up called Accell Digital. According to reports in Bike Europe, the Dutch bike maker is building a centralized, multi-brand online platform for direct-to-consumer sales. For its new start-up, based in Amsterdam, Accell has hired Marcus Diekmann, who is currently director of digital, e-commerce and ...
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News briefs
Patrick Frisk, the new chief operating officer of Under Armour,...
Patrick Frisk, the new chief operating officer of Under Armour, has bought a new tranche of shares in the company, indicating his growing confidence in its turnaround. After his latest purchase, his shares were worth more than $12 million.
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News briefs
Sports Direct International has launched a proxy battle in the...
Sports Direct International has launched a proxy battle in the U.S. against the board of directors of Iconix Brands Group, the licensor of Umbro, Danskin and many other brands, in which it owns about 9 percent of the shares since the beginning of 2016. It is nominating four candidates for ...
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News briefs
The Norman Group, which has replaced Trerè Innovation as the...
The Norman Group, which has replaced Trerè Innovation as the manufacturer of X-Technology's products in Italy, is investing in a new factory in Serbia that will become operational in the spring of 2019, with a capacity of six million pieces per year. The company currently manufactures about 15 million units ...
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News briefs
Acting through its strategic investment arm, Tin Shed Ventures, Patagonia...
Acting through its strategic investment arm, Tin Shed Ventures, Patagonia has joined a $12.4 million funding round for NuMat Technologies, which develops and markets metal-organic frameworks (MOFs) that are programmed to specifically interact with targeted molecules. NuMat compares its manufacturing process to precision medicine in the health care sector.
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News briefs
At the company's annual shareholders' meeting a few days ago,...
At the company's annual shareholders' meeting a few days ago, Kasper Rorsted, chief executive at the Adidas Group, reiterated that the company anticipates a “normalization” of its growth this year, after two years of strong double-digit sales expansion. As reported earlier, the group's sales growth slowed down in Western Europe ...
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News briefs
Puma formally exited the Kering group earlier this week, with...
Puma formally exited the Kering group earlier this week, with the distribution of Puma shares to Kering shareholders. The distribution ratio amounted to one Puma share for 12 Kering shares held, and the payment date was May 16. Puma's opening share price on the day was €429.0 but the company's ...
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News briefs
Newell Brands plans to divest Pure Fishing, a division of...
Newell Brands plans to divest Pure Fishing, a division of the former Jarden Corporation that groups numerous brands including Berkley, Abu Garcia, Penn and Shakespeare, joining Rawlings on the selling block. It will also seek a buyer for Jostens. This means that it is likely to retain Coleman, Marmot and ...
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News briefs
Meridia Private Equity, an investment fund created in 2006 by...
Meridia Private Equity, an investment fund created in 2006 by Javier Faus, a former manager of FC Barcelona, has acquired a significant minority stake in Fútbol Emotion, a Spanish chain of football stores, to help it to expand in Spain and abroad. Founded in 2002, Fútbol Emotion has just opened ...
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News briefs
Calderon Sport, which was for many years the leading sporting...
Calderon Sport, which was for many years the leading sporting goods retailer in the region of Madrid, is moving toward the liquidation of its remaining stores and its online shop, according to CMD Sport. The company, which had more than 30 stores ten years ago, was founded by the Calderon ...
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News briefs
Surfstitch Australia, the online retailer specializing in action sports products,...
Surfstitch Australia, the online retailer specializing in action sports products, has been taken over by an entity of the Alceon Group, a private equity firm. The offer was approved by creditors of the Surfstich Group at a meeting early last month. Alceon already owns Ezibuy, an online retailer of clothing ...
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News briefs
Bench has fallen into administration, a procedure under the British...
Bench has fallen into administration, a procedure under the British legislation which is similar to bankruptcy in the U.S. In a statement, the fashion retailer said that the move will also affect the German service entities of Bench in Munich. Among the factors that led to the filing, the company ...
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News briefs
Adidas has started serial production of its AM4NYC running shoe...
Adidas has started serial production of its AM4NYC running shoe at its Speedfactory in Atlanta. The shoe, whose name stands for Made for New York City, became available in the U.S. at retail on April 27. As previously reported, the company's American facility and its German Speedfactory in Ansbach are ...
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News briefs
About 200 people moved into Adidas France's new head office...
About 200 people moved into Adidas France's new head office last month, in the business district of Strasbourg-Archipel, across from the European Parliament. The office has been transferred there from Landersheim, a small village in the Alsace where Adidas France was built up by Horst Dassler from 1973, after a ...
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News briefs
La Fabrique du Ski has raised €320,000, with a contribution...
La Fabrique du Ski has raised €320,000, with a contribution of 53 percent from private investors and 47 percent from a regional French banking entity, the Crédit Agricole Sud Rhône Alpes. Christian Alary, who created the company in 2014, remains the majority shareholder. A former executive at Rossignol and Decathlon, ...
