News briefs - Corporate and M&A – Page 41
-
News briefs
Keen opens factory in the Dominican Republic
Keen Footwear announced the opening of a sandal-focused factory in the Dominican Republic with 5,100 square meters of manufacturing space. The plant, located in Santiago, will produce some of the Portland-based company’s footwear, led by the Newport H2 sandal. It will have an initial annual capacity of 500,000 pairs, which ...
-
News briefsCanadian industry veterans launch Norda, a new sustainable brand of running shoes
norda™, a young and innovative Canadian brand of running shoes, introduced the first seamless trail running shoe made from bio-based Dyneema® fiber. There are no plans for this new brand to move into road running in the near future. Norda is the brainchild of Willamina and Nick Martire from the ...
-
News briefs
Ochsner pulls out of the German market
Ochsner Sport, the big Swiss sporting goods retail chain owned by the Deichmann group, is withdrawing from the German market, parting with its nine remaining Sport Sperk stores in the country, according to Textilwirtschaft. Six of them, with a total of around 7,500 square meters of sales space, will be ...
-
News briefs
Skiset strenghtens its position in ski rentals with Skimium's acquisition
Skiset, the international ski and snowboard rental company based in France, has acquired Ski Break and its Skimium subsidiary, as Sport Guide has first revealed. Skimium is an online ski rental business and a partner of Decathlon. Skimium was founded in 2006 by Eric Laboureix, Dominique Chomarat and Guy Belec, ...
-
News briefs
Report: ABG and Wolverine are no longer bidding for Reebok
The Authentic Brands Group (ABG) and Wolverine Worldwide have reportedly pulled out of the bidding process for Reebok, according to The New York Post. The newspaper mentioned Aug. 2 – three days before the scheduled release of Adidas’ first-half results – as the deadline set for submitting any binding bids. ...
-
News briefsEurope’s first large-scale carbon frame factory is inaugurated in Portugal
Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira, Carbon Team’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hard-tail monocoque carbon ...
-
News briefs
Shimano to raise bike component capacity by 1.5 times
A few weeks ago, Shimano had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery at two factories in Japan, with an eye on increasing production capacity for bike ...
-
News briefs
JD Sports transfers the ownership of DTLR Villa to its U.S. unit
JD Sports Fashion has transferred the ownership of DTLR Villa, a Baltimore-based retailer, to a U.S. sub-group, Genesis Topco, in which it holds a controlling stake of 80 percent. The balance is in the hands of the four Mersho brothers who previously sold another American sports retailer, Shoe Palace, to ...
-
News briefs
Another Spanish buying group ceases operations
There are still more buying groups of independent sports retailers in Spain than in any other country, but they are going through rough times. According to CMDsport, one of them, Quorum Sport, having run into financial trouble due to fiscal problems, has ceased operations. This is the second buying group ...
-
News briefs
Puma inaugurates its new French headquarters
Puma has inaugurated its new headquarters for France, home to 120 staff members. The new 4,200-square-meter headquarters is located in the Wacken district of Strasbourg. Puma France was previously headquartered in Illkirch-Graffenstaden, in Strasbourg’s southern suburb. In addition to two office floors, the new eco-friendly facility features a 1,000-square-meter showroom, ...
-
News briefs
Titleist opens a European fitting center in England
Titleist has inaugurated a new Titleist Performance Center at the Woburn Golf Club in Bedfordshire, England. The center will serve as the brand’s new home for Tour Players’ support in Europe. The same custom-fitting and performance analysis equipment available to Tour professionals will be available to golfers of all levels, ...
-
News briefs
MTS takes over the Crossboccia brand
After distributing the Crossboccia brand since 2009, MTS Sportartikel has taken over the global rights to the brand. Building on the basic idea of the old street games of boccia and boules, Crossboccia is played with soft balls made of robust fabric and filled with granules. Both companies are German. ...
-
News briefs
FightCamp raises $90 million in a new funding round
FightCamp, the at-home training system for boxing and kickboxing, has raised $90 million from a long list of investors that also includes contributions from famous fighters like Mike Tyson, Floyd Mayweather Jr., Georges St-Pierre and Francis Ngannou. The funding round was led by two venture capital firms, New Enterprise Associates ...
-
News briefs
Gympass’ valuation more than doubles to $2.2 billion
Gympass has seen its valuation more than double to $2.2 billion, apparently reflecting a return to pre-Covid levels in the activities of fitness gyms and wellness studios, through a new $220 million round of financing. The big corporate wellbeing platform said it saw “a record four million monthly visits across ...
-
News briefs
Mammut is sold for one year worth of sales
Bystronic, the Swiss holding company previously called Conzzeta Group, has announced the completion on June 30 of the sale of the Mammut Sports Group to Telemos Capital for an enterprise value of 230 million Swiss francs (€209.7m-$248.6m), including an earn-up of up to CHF 45 million (€41.0m-$48.6m). The figure is ...
-
News briefs
Adidas announces a new share buy-back program, boosting its share price
Considering that it will generate “substantional cumulative free cash flow” over the next five years through its new “Own the Game” strategy, Adidas announced the launch of a new share buyback program worth in total between €8 billion and €9 billion. The program will start on July 1 with the ...
-
News briefs
SportEasy raises €5 million in a Series A funding round
SportEasy, a French web and mobile app for the management of amateur sports, has secured €5 million in a Series A funding round with support from Seventure Partners via Sport & Performance Capital, as well as the Macif insurance company and various business angels who have been supporting the start-up ...
-
News briefs
Allyson Felix launches her own brand of running shoes
Allyson Felix has launched Saysh, a new lifestyle brand for women. The news, which first broke on Time.com on June 23, comes two years after the American track and field sprinter’s publicized break-up with Nike over the treatment of pregnant athletes. In late 2018, Felix, who is today 35 years ...
-
News briefs
Calida wants to divest the rest of its outdoor business
Having already expressed intentions to do so in March and as part of a strategy review, the Calida Group’s board of directors and the management have decided to sell the Millet Mountain Group division, which includes the Millet and Lafuma brands. The Millet Mountain Group reported sales of €78.2 million ...
-
News briefs
Investors are still bullish about Nike’s share price
With its current quotation navigating around $152 on the New York Exchange, or about 15 percent above its level prior to the release last Thursday of its unexpectedly high results for the fourth quarter ended May 31, Nike’s share is still recommended as a “buy” by 23 out of the ...
