News briefs - Corporate and M&A – Page 74
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News briefs
The Thule Group has opened a new assembly facility of...
The Thule Group has opened a new assembly facility of 13,500 square meters at Pila, in the western part of Poland, to expand its own production capacities in the Sport & Cargo Carriers category and to handle the manufacture of products that were previously subcontracted in the Active with Kids ...
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News briefs
The large French Vivarte retail group announced on Tuesday that...
The large French Vivarte retail group announced on Tuesday that it has entered exclusive negotiations for the sale of André, the well-known French chain of urban shoe shops that was at the beginning of the group, to Spartoo, one of the two leading French online shoe retailers along with Sarenza. ...
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News briefs
Garmont International announced that Wayne Edy, who distributes its Tactical...
Garmont International announced that Wayne Edy, who distributes its Tactical line in North America, has acquired 25 percent of the Italian company's shares from Veneto Sviluppo, the regional investment fund that joined Prisma 2 in its takeover in 2014. Headed up by Pierangelo Bressan, Prisma 2 is still Garmont's controlling ...
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News briefs
Catrade has taken over the management of R'adys. The company's...
Catrade has taken over the management of R'adys. The company's founder, Adrian Ruhstaller, a specialist in bonded fabrics who performed many different functions, will now concentrate on product development for the Swiss sports apparel manufacturer.
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News briefs
Asics has announced that it will open a new logistics...
Asics has announced that it will open a new logistics center for Southern Europe at the end of 2019. The new facility will be located in Montpellier, in the South of France, not far from the Montpellier Méditerranée airport and Asics France's headquarters in Lattes. The new 38,000-square-meter center will ...
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News briefs
Lucas von Cranach, the founder and chief executive of Onefootball,...
Lucas von Cranach, the founder and chief executive of Onefootball, told the Tech Crunch Disrupt Berlin conference earlier this month that the company has raised funds from investors including Adidas. Onefootball is a popular football app that boasts 25 million fans in 200 countries. Tech Crunch reports that Onefootball previously ...
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News briefs
Zai, the Swiss brand of high-end skis, is ceasing production...
Zai, the Swiss brand of high-end skis, is ceasing production at its own site in the Swiss town of Disentis, but the company's new investors are reportedly planning to outsource it elsewhere in Switzerland. The company's founder and designer, Simon Jacomet, is leaving. Benedikt Germanier, a former global strategist for ...
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News briefs
Roeckl is coming out of voluntary insolvency proceedings, which started...
Roeckl is coming out of voluntary insolvency proceedings, which started last May. Annette Roeckl, chief executive of the German producer of sports gloves and other accessories, says her family injected new equity into the company, allowing it to remain its property. This came after a reorganization of the business that ...
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News briefs
Billabong International‘s shares gained more than 15 percent after the...
Billabong International‘s shares gained more than 15 percent after the group's annual shareholders' meeting this week, where investors heard about numerous initiatives to improve Billabong's business in the Asia-Pacific region. Billabong's results for the full year until the end of June showed major improvements in some indicators in the Americas ...
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News briefs
Lynx Golf has announced the acquisition of the global Lynx...
Lynx Golf has announced the acquisition of the global Lynx trademark portfolio from Dick's Sporting Goods. The move will allow the British, family-owned golf equipment company to expand globally, beyond its current U.K. and European markets. The trademarks have been purchased for an undisclosed amount. Lynx Golf reportedly seeks a ...
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News briefs
Speculation has heightened around the potential sale of Puma after...
Speculation has heightened around the potential sale of Puma after Challenges, a French business magazine, reported that Rothschild & Co has been hired to study various options. Kering, the French luxury group, bought Puma for about €5.3 billion in 2007. The brand's performance has greatly improved in the last three ...
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News briefs
Bruno Sälzer, supervisory board chairman at Amer Sports, has told...
Bruno Sälzer, supervisory board chairman at Amer Sports, has told Handelsblatt that the Finnish group wants to grow through organic expansion as well as acquisitions, for which it has “a few hundred million” euro at its disposal. The company owns 12 brands, and its latest acquisition was Armada, the U.S. ...
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News briefs
Amer Sports is repurchasing up to 10,000 of its own...
Amer Sports is repurchasing up to 10,000 of its own shares until next March 7. Meanwhile, Bruno Sälzer, who was elected chairman of the board last March, has been buying shares in the company as well.
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News briefs
Eurazeo has announced the sale of 8,500,000 shares of Moncler...
Eurazeo has announced the sale of 8,500,000 shares of Moncler S.p.A. through its subsidiary ECIP M S.A. at a price of €24.48 per share, for a total amount of around €208 million. As a result of the sale, ECIP M S.A. will hold 5.31 percent of the share capital and ...
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News briefs
Sportamore, the Swedish online sporting goods retailer, has switched to...
Sportamore, the Swedish online sporting goods retailer, has switched to a new warehouse, but the move did not quite go as planned. The start of the project was delayed by one month, causing about 35 percent of the range offered on its website not to be available for shipment. As ...
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News briefs
Edelski, the 15-year-old Swiss company that makes and sells Zai...
Edelski, the 15-year-old Swiss company that makes and sells Zai skis, has decided to stop manufacturing it at its own factory at Dissentis as of next March because of excessive costs. The company has already developed a line for the next season that will be made at another Swiss plant. ...
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News briefs
Conte of Florence, the Italian brand of golf clothing, has...
Conte of Florence, the Italian brand of golf clothing, has reportedly gone again into bankruptcy proceedings after a year in which it had a loss of €3 million on sales of €28.4 million. Creditors are being offered a settlement on the basis of 20 percent of the outstanding debt. The ...
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News briefs
Confirming a report in our previous issue, Footasylum, the British...
Confirming a report in our previous issue, Footasylum, the British chain of sports and lifestyle stores created by the founders of JD Sports, is going public on the Alternative Investment Market (AIM) London Stock Exchange on Nov. 2 at a price of £1.64 per share, giving it an initial valuation ...
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News briefs
Sports Direct International (SDI) is buying additional shares in Debenhams,...
Sports Direct International (SDI) is buying additional shares in Debenhams, the British department store chain, paying 43 percent more than they were worth last Friday, according to The Financial Times. The acquisition is said to be based on options contracts signed through Goldman Sachs in 2015, which will force SDI ...
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News briefs
Mike Ashley has put the Newcastle football club up for...
Mike Ashley has put the Newcastle football club up for sale for the third time. He already failed to find a buyer back in 2008, after placing some of his shares in Sports Direct on the London Stock Exchange, and again in 2009. To facilitate the sale and encourage investments, ...
