News briefs - Corporate and M&A – Page 80
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News briefs
Invista has announced that it is exploring alternatives for its...
Invista has announced that it is exploring alternatives for its Apparel & Advanced Textiles business. The company might either sell it or retain it and further invest in the business from within. Goldman Sachs is assisting the company in exploring strategic alternatives. Details about the exploration process are not being ...
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News briefs
Compressport International, a developer of compression garments for triathlon and...
Compressport International, a developer of compression garments for triathlon and ultra-trail running based in Switzerland, has raised €5 million worth of new equity through Calcium Capital. Created in 2008, the company is making an annual turnover of more than €10 million. Its products are distributed in more than 80 countries. ...
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News briefs
Marker Völkl International has licensed out its Völkl ski and...
Marker Völkl International has licensed out its Völkl ski and snowboard apparel line globally to a new company in Stuttgart, Völkl Performance Wear (VPW). It will be run by Robert Schlagenhauf, who has served for many years as division manager for apparel and accessories for the line. The same team ...
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News briefs
Pro Feet, a German producer of socks, headwear and underwear...
Pro Feet, a German producer of socks, headwear and underwear under the H.A.D. and F-lite brands, acquired the Kidneykaren brand of kidney warmers at the beginning of January. Sales of its H.A.D. brand rose by 15-20 percent in Germany in 2016. The H.A.D. brand is distributed in Switzerland, Austria, Russia, ...
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News briefs
SRAM has announced the discontinuation of the production of all...
SRAM has announced the discontinuation of the production of all internal gear hub (IGH), shifters and spare parts. The announcement was made through a letter addressed by the U.S. component maker to its original equipment manufacturer (OEM) customers on Feb. 14, although SRAM said all larger OEM customers had been ...
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News briefs
The shareholders of GfK's holding company, the GfK Verein, have...
The shareholders of GfK's holding company, the GfK Verein, have accepted the acquisition of an 18.54 percent stake in the GfK market research company by Acceleratio Capital N.V., a company controlled by funds advised by Kohlberg Kravis Roberts (KKR). The completion of the transaction is still subject to approval by ...
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News briefs
The number of outstanding shares in the Thule Group will...
The number of outstanding shares in the Thule Group will increase by 1,036,455 to 102,072,910 as a result of an exercise of warrants. All the newly subscribed shares have been sold, resulting in proceeds of about 109.6 million Swedish kronor (€11.6m-$12.2m). The warrants were held by eight senior executives of ...
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News briefs
Sport Press, the Italian publishing company, has launched a new...
Sport Press, the Italian publishing company, has launched a new trade magazine for wearable technologies in our sector, Sportech Magazine, accompanied by a dedicated website, a newsletter and a social network. It joins its other magazines: Point Break, Outdoor Magazine, Running Magazine, Bike4Trade and Sport4Trade.
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News briefs
The Adidas Group has set up a “Storefactory” at a...
The Adidas Group has set up a “Storefactory” at a pop-up store in Berlin, Knit for You, where customers can design their customized merino wool sweater and have it made for them in the store within a few hours. Knit for You takes advantage of technologies such as body scanning ...
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News briefs
Adidas AG has completed the third tranche of a share...
Adidas AG has completed the third tranche of a share buyback program initiated on Nov. 7 and terminated on Jan. 31 as scheduled. The company bought 2,128,200 shares at an average share price of €140.96, for a total price of €299,999,851, including purchasing costs. These treasury shares represent 1.02 percent ...
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News briefs
Ben Hogan, the venerable American golf brand, has filed for...
Ben Hogan, the venerable American golf brand, has filed for Chapter 11 bankruptcy. The company says it expects to have enough funds available to pay unsecured creditors. The biggest one is Perry Ellis, based on its licensing contract for apparel and accessories. Perry Ellis bought the brand from Callaway Golf ...
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News briefs
JD Sports Fashion has been prevented from fully moving ahead...
JD Sports Fashion has been prevented from fully moving ahead with the integration of Go Outdoors, the large-scale outdoor retailer it agreed to purchase for £112.3 million (€130.2m-$140.7m) in cash and £16 million in debt last November, due to a review of the acquisition by the U.K.'s competition watchdog, the ...
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News briefs
Norrøna, the Norwegian outdoor company, has launched an entity focusing...
Norrøna, the Norwegian outdoor company, has launched an entity focusing on innovation, Norrøna Q, to complement its wholesale and retail activities. Norrøna Q primarily consists of a research and development center established at the group's head office in Lysaker, near Oslo. The company explains that the entity is meant to ...
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News briefs
After its absence from the OutDoor fair in Friedrichshafen last...
After its absence from the OutDoor fair in Friedrichshafen last year, Klättermusen will stay away from Ispo Munich as well, as the Swedish outdoor company is continuing to adjust its strategy. The Klättermusen brand was updated last year and the company went through some management changes, after the appointment of ...
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News briefs
Luxottica, parent company of Oakley, Ray-Ban and many other brands...
Luxottica, parent company of Oakley, Ray-Ban and many other brands of sunglasses, has agreed to merge with Essilor, the world's largest supplier of ophthalmic lenses in an all-stock deal that values the Italian company at €22.8 billion. The combined company will have market capitalization of more than €50 billion and ...
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News briefs
Callaway Golf is taking over Ogio International for $75.5 million...
Callaway Golf is taking over Ogio International for $75.5 million in cash, equal to about 7.6 times projected incremental Ebitda after integration costs. Major synergies are expected in the supply chain and go-to-market strategies with Ogio, a specialist supplier of golf bags and apparel that also sells travel luggage, outdoor ...
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News briefs
Jerry Turner is launching Turner Footwear, a collection of performance...
Jerry Turner is launching Turner Footwear, a collection of performance running and workout footwear. Turner, who came out of retirement for the new endeavor, served as president of Brooks in the 1960s and 1970s. While at Brooks, he introduced innovations such as nylon outsoles for cleated products and EVA midsoles ...
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News briefs
Drapers reports that JD Sports & Fashion has acquired 2Squared...
Drapers reports that JD Sports & Fashion has acquired 2Squared Agency, a sales and distribution company from Manchester. The agency is selling brands such as Havaianas, Mercer, Swims and Diadora in the U.K. The agency was established in 2009 by Martyn Harrison and Neil Corrie, who spent several years with ...
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News briefs
Sports Direct International (SDI) has parted ways with its three...
Sports Direct International (SDI) has parted ways with its three brokers and instead appointed Liberum Capital, a relatively small alternative, as its sole corporate broker earlier this week. The three brokers were Goldman Sachs, Citi and Haitong (formerly Espirito Santo). Liberum is one of the few brokerages with a “buy” ...
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News briefs
Gildan Activewear, the big Canadian-based licensed sportswear company, won the...
Gildan Activewear, the big Canadian-based licensed sportswear company, won the auction for the brand and other assets of American Apparel for $88 million against other bidders. Amazon was considering making a bid, according to the Wall Street Journal, but did not. Gildan is not buying American Apparel's network of 110 ...
