News briefs - Corporate and M&A – Page 75
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News briefs
Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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News briefs
Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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News briefs
Zanier, the Austrian glove manufacturer, completed its move from Lienz...
Zanier, the Austrian glove manufacturer, completed its move from Lienz to Innsbruck just in time for the start of the 2018 ski season. To showcase its patented heating technology, Zanier opened a showroom in Innsbruck in 2016. The administration, accounting and management functions are now housed in the 200-square-meter location. ...
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News briefs
Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
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News briefs
Naffta Sport, a Spanish brand of swimwear and other sports...
Naffta Sport, a Spanish brand of swimwear and other sports garments, has decided to go into liquidation. The company had gone into insolvency last May with debts of €5 million. Giving the news, CMD Sport recalls that the company had already run into financial problems in 2009. It came out ...
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News briefs
Insolvency proceedings were opened on Oct. 13 in Venice for...
Insolvency proceedings were opened on Oct. 13 in Venice for MCS Cavaliere, formerly Marlboro Classics, and Industries Sportswear Company, owner of the Marina Yachting and Henry Cotton's brands. In 2013, shortly before going public, Moncler had sold Industries Sportswear to Emerisque Brands, a private equity firm set up in 2004 ...
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News briefs
WiggleCRC has announced the acquisition of Bike24, a German online...
WiggleCRC has announced the acquisition of Bike24, a German online cycling retailer. According to The Sunday Times, who first reported the news, the deal is worth around £100 million (€112.6m-$131.7m). Bike24 will continue to trade as a separate business within the group. Bike24 posted revenues of €84.5 million in 2016. ...
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News briefs
A factory of BH Bikes in Aveiro, between Porto and...
A factory of BH Bikes in Aveiro, between Porto and Lisbon, has been involved in the wave of fires that have recently shaken the north of Portugal. The fire broke out in the facility during the night between Oct. 16 and 17. BH Bikes uses that factory for the assembly ...
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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News briefs
Analysts predict that Puma could be sold by Kering next...
Analysts predict that Puma could be sold by Kering next year, allowing the French group to focus more or less entirely on luxury products, according to a Reuters report. Kering bought its majority stake in Puma in 2007 in a deal valuing it at €5.3 billion, but the report says ...
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News briefs
Adidas America plans to expand the capacity of its campus...
Adidas America plans to expand the capacity of its campus in Portland, Oregon in the next three years to accommodate up to 2,800 people, up from a current level of 2,700, says the Oregonian. Mark King, chief executive of Adidas America, also told the newspaper that the Big a wants ...
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News briefs
The highly leveraged Australian-based Surfstitch Group has announced the sale...
The highly leveraged Australian-based Surfstitch Group has announced the sale of Surfdome Shop in the U.K. to Internet Fusion for about £7 million (€7.9m-$9.3m). Internet Fusion owns other European websites including blackleaf.com and extremepie.com. The Surfstich Group was formed in 2014, after Billabong International sold its 51 percent stake in ...
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News briefs
An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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News briefs
Mercator, the activist minority shareholder in Deckers Brands, has laid...
Mercator, the activist minority shareholder in Deckers Brands, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the company's earnings per share by 2021. It would also raise the return on invested ...
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News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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News briefs
Sumitomo Rubber is taking over all the shares it doesn't...
Sumitomo Rubber is taking over all the shares it doesn't own in Dunlop Sport, the Japanese owner of the Dunlop, Srixon, Cleveland Golf and XXIO brands, pulling it from the Tokyo Stock Exchange and forming a new sports division. The product line will be expanded. Sumitomo, which is also a ...
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News briefs
Lacoste has acquired all the assets of the family-owned Basi...
Lacoste has acquired all the assets of the family-owned Basi Group, which has been its Spanish licensee since 1962. The move was described as part of the brand's “premiumization strategy.” The brand has about 100 directly operated stores, franchises, factory outlets and shop-in-shops in the country. In addition to Lacoste, ...
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News briefs
Canada Goose told investors at a conference sponsored by Goldman...
Canada Goose told investors at a conference sponsored by Goldman Sachs that it has strong potential to improve its profit margins in various ways. It can raise its prices, it may buy up some of its Canadian subcontractors or open new plants to supplement the production of its own six ...
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News briefs
Umbro has “a couple of things in the works that...
Umbro has “a couple of things in the works that are pretty substantial going forward,” said Dave Jones, executive vice president and chief financial officer of Iconix Brand Group, at a recent conference organized by CL King. He said the brand is generating sales of about $700 million a year ...
