News briefs - Corporate and M&A – Page 116
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News briefs
There is unconfirmed speculation that Werner Riethmann, CEO of Lowa,...
There is unconfirmed speculation that Werner Riethmann, CEO of Lowa, and the company's contract manufacturer in Slovakia, Riko, are among the candidates to take over Tecnica Group's 60 percent stake in the profitable German-based firm. Two years ago, Riethmann doubled his personal stake in the company to 20 percent and ...
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News briefs
Iconix Brand Group has announced the completion of its acquisition of...
Iconix Brand Group has announced the completion of its acquisition of Umbro and the related intellectual property assets from Nike for $225 million in cash. Iconix funded the takeover through a previously announced $600 million securized financing facility. Umbro took its name from Humphrey Brothers Clothing, a company founded in 1924 by two ...
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News briefs
Snowleader, a French online retailer of snow sports products, has...
Snowleader, a French online retailer of snow sports products, has carried out an equity increase of €400,000 by issuing new shares to a couple of institutional investors and private shareholders to help pursue its further development, according to sport-guide.com. Thomas Rouault, who started up the website four years ago, will ...
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News briefs
Auchan, the big French-based operator of hypermarkets, which is contolled like Décathlon...
Auchan, the big French-based operator of hypermarkets, which is contolled like Décathlon by the French Mulliez family, has agreed to take over the 91 Real markets in Poland, Romania, Russia and Ukraine, most of which sell a narrow selection of low-priced sports apparel, footwear and equipment, among many other types of products. The acquisition, ...
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News briefs
PPR is apparently waiting for a recovery at Puma before...
PPR is apparently waiting for a recovery at Puma before making other acquisitions in the sports and lifestyle sectors, where it is eyeing the outdoor segment in particular. At a press conference in New York, François-Henri Pinault, chief executive of the French group, was reported by Women's Wear Daily as ...
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News briefs
The Indian Batra Group and other investors have reportedly acquired undisclosed...
The Indian Batra Group and other investors have reportedly acquired undisclosed shareholdings in Rampant Sporting, a British young fashion brand founded five years ago that is expanding internationally and online. Rirchard Hartley will remain at the helm of the company. Batra is the licensee of Fila in the Indian subcontinent. It ...
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News briefs
Cocona, the American materials technology company that is seeking to...
Cocona, the American materials technology company that is seeking to expand in the sporting goods and outdoor sectors, has secured a private placement for $15 million in additional equity. The company will use the funds for marketing, the development of new technologies and general working capital purposes. Cocona, which was ...
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News briefs
Fischer and its sister brand of sports clothing, Löffler, are...
Fischer and its sister brand of sports clothing, Löffler, are working more closely together in marketing and sales. As part of this process, the two brands will have a common Swiss sales and marketing office of 9,000 square meters in a former paper plant at Stettlen, according to Schweizer Sport + ...
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News briefs
Sports Direct International (SDI) is moving further into team sports:...
Sports Direct International (SDI) is moving further into team sports: The leading British sports retailer and wholesaler, which owns a gaggle of sports brands, has acquired a majority stake in Vandanel Premier, a British team sports apparel specialist. Four years ago SDI acquired Sondico, another football brand that is strongly ...
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News briefs
Paul Naude, a director of Billabong International and its president...
Paul Naude, a director of Billabong International and its president for the Americas, is studying a leveraged buyout of the whole company. Billabong emphasized that there had been no agreement or commitment from the company with regard to this proposal but said that it had allowed Naude to step aside ...
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News briefs
VF Corporation has decided to pull the Jansport brand...
VF Corporation has decided to pull the Jansport brand of backpacks and daybacks out of the European market after the spring/summer 2013 season. It will do the same thing in the Americas for its other, more fashion-oriented brand, Eastpak, but it will continue to market both brands in Asia. The ...
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News briefs
Nike Inc. reported a definitive agreement to sell its casual...
Nike Inc. reported a definitive agreement to sell its casual footwear brand, Cole Haan, to an investment fund, Apax Partners, for $570 million. The price is considered to be relatively high, but it was probably boosted by the fact that Jack Boys, who formerly directed Converse, is going to run ...
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News briefs
Nike Inc. is transferring much of the surf-related product and...
Nike Inc. is transferring much of the surf-related product and marketing operations conducted under the Nike brand to Hurley International, its specialist brand of surfwear. The details are not yet clear, but it seems that the sponsored athletes will continue to wear Nike shoes.
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News briefs
Nike Inc. has announced that it will split its share...
Nike Inc. has announced that it will split its share capital in two on Dec. 24. Owners of Class A and Class B shares of record on Dec. 10 will get an extra share for each one in their possession, and the share price will be halved. They will also ...
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News briefs
Lafuma, the French outdoor group, said that preliminary talks...
Lafuma, the French outdoor group, said that preliminary talks held with E-Land for a potential takeover by the Korean group had not revealed sufficient synergies between the two companies. Lafuma confirmed last month that it had been approached by E-Land and agreed to hold discussions with the Korean group, which ...
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News briefs
Rossignol has opened a newly designed testing center for skis...
Rossignol has opened a newly designed testing center for skis in Sölden, Austria. It is part of the Europa Test- und Ausstellungszentrum (“Europe Testing and Exhibition Center”), described as the only one in the world, where all leading brands of snow sports equipment are represented. At Rossignol's testing area, staff ...
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News briefs
Pro-tec, a brand of action sports protective gear, has been...
Pro-tec, a brand of action sports protective gear, has been sold by Vans to Dye Precision. The transaction is expected to be completed during the fourth quarter of 2012. Terms were not disclosed. Pro-tec, which will celebrate its 40th anniversary in 2013, came under Vans' umbrella a decade ago. Dye ...
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News briefs
Cycleurope is filing for bankruptcy proceedings at its production site...
Cycleurope is filing for bankruptcy proceedings at its production site in Machecoul, on the west coast of France. As reported by Bike Eco, the factory, which produces bicycles for supermarkets and other mass merchants, will remain operational for a six-month period, under observation by the commercial court of Troyes. The ...
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News briefs
The Daily Telegraph reports that Mike Ashley, the majority shareholder...
The Daily Telegraph reports that Mike Ashley, the majority shareholder of Sports Direct International (SDI), is eyeing a stake in House of Fraser, a big British chain of fashion department stores. The unconfirmed report said that Ashley had been holding talks with several of House of Fraser's shareholders, to acquire ...
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News briefs
Bernard Tapie, formerly the president of the French football club...
Bernard Tapie, formerly the president of the French football club Olympic Marseille, has confirmed his interest in the acquisition of some of the newspapers of the group Hersant Média in the south of France, including La Provence, Nice-Matin and Corse-Matin. With accumulated debts reaching €200 million, the media group is ...
