News briefs - Corporate and M&A – Page 59
-
News briefs
Bluestar Alliance, the new owner of Hurley, is moving quickly...
Bluestar Alliance, the new owner of Hurley, is moving quickly to turn Nike's former action sports brand into a licensed operation. According to ShopEatSurf, it has signed contracts for the U.S. with companies specializing in men's clothing, women's clothing and swimwear. The licensees will rehire some or all of Hurley's ...
-
News briefs
The Adidas Group announced the completion of the second tranche...
The Adidas Group announced the completion of the second tranche of a €3.0 billion share buyback program initiated in March 2018 and running through May 2021. It has purchased sofar €1.8 billion worth of its own stock and plans to buy up to €1.0 billion in 2020. In the second ...
-
News briefs
Without confirming a report that the Adidas Group is phasing...
Without confirming a report that the Adidas Group is phasing out 500 jobs in Europe, a spokesman said that it is adapting its organizational structures and processes to become more efficient, looking also for new talent for its digital business. All in all, he indicated, the European staff will remain ...
-
News briefs
Johan Ryding, the chief executive of Sportamore, says he has...
Johan Ryding, the chief executive of Sportamore, says he has sold 16,000 shares in the Nordic sports e-tailer, representing less than 5 percent of his holdings, for personal financial reasons. Sportamore's sales rose by 17.4 percent to 252 million Swedish kronor (€24.2m-$21.8m) in the third quarter, leading to an operating ...
-
News briefs
Symphony Holdings has completed the acquisition of the global trademarks...
Symphony Holdings has completed the acquisition of the global trademarks and patents of Skins, the Australian apparel manufacturer. In January 2019, Skins filed for bankruptcy in a Swiss court, blaming the global financial crisis for the situation that had led to its own excessive debt. The brand, founded in Australia ...
-
News briefs
The American unit of Slinger Bag, the company that is...
The American unit of Slinger Bag, the company that is launching a new, innovative, portable tennis ball launcher (SGI Europe Vol. 30 N° 13+14 of Apr. 13, 2019), has become a public company trading on the over-the-counter market in the U.S. as SLBG. This was made possible through a $332,239 ...
-
News briefs
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel...
Zalando is selling Kickz, its sub-e-tailer for sneakers, street apparel and accessories. The acquirer is Play Hard, a recent subsidiary of Crealize, described as a German “company creator” that “develops new business models and companies.” Zalando purchased Kickz as recently as 2017, intending to expand its position in streetwear, gaining ...
-
News briefs
Ecco is expanding its head office in Denmark. A new...
Ecco is expanding its head office in Denmark. A new building of 2,400 square meters is set to become operational in 2020 across from the Ecco Conference Centers to house up to 100 employees involved in global marketing and other activities, plus three test shops.
-
News briefs
Creating an interesting new position after disappointing results, Asos has...
Creating an interesting new position after disappointing results, Asos has appointed a “chief growth officer,” responsible for driving profitable growth and integrating marketing efforts with strategic planning, analytics and customer experience. The new role, which became effective on Dec. 3, has been assigned to Robert Birge. He will report directly ...
-
News briefs
Bookman, a Swedish company that offers functional headlights, bike lights...
Bookman, a Swedish company that offers functional headlights, bike lights and reflectors under the Bookman Urban Visibility label, has received an injection of SEK3.5 million (€330,000-$370,000) from three Swedish investors including Stefan Ytterborn, the founder of Poc Sweden. Founded in 2011 in Stockholm by Victor Kabo and David Axelsson, Bookman ...
-
News briefs
Hyosung has begun commercial operation at its first spandex plant...
Hyosung has begun commercial operation at its first spandex plant in India. The facility, which occupies about 400,000 square meters, is located in the Auric industrial complex near Aurangabad, in the state of Maharashtra. It has an annual production capacity of 18,000 tons of spandex. Hyosung began operations in India ...
-
News briefs
Rallye, the parent company of Go Sport and other retail...
Rallye, the parent company of Go Sport and other retail operations in France, indicates that it has finalized proposals for a settlement with its creditors that would reschedule the repayment of its debt of around €3.3 billion. The group's high debt led Go Sport to divest its Courir chain of ...
-
News briefs
Selle Royal, the leading Italian supplier of bike saddles, has...
Selle Royal, the leading Italian supplier of bike saddles, has mandated UBS to help find a financial partner to accelerate its growth. The company is prepared to review preliminary offers in mid-February. Founded by the Bigolin family 60 years ago, Selle Royal sells saddles and other bike accessories under four ...
-
News briefs
Pure Fishing, which is now owned by the private-equity firm...
Pure Fishing, which is now owned by the private-equity firm Sycamore Partners, has acquired the two saltwater tackle producers Fin-Nor and Van Staal, both headquartered in Tulsa, Oklahoma, and owned until now by W.C. Bradley/Zebco Holdings. The terms remain undisclosed, but Captain Craig Cantelmo, a former director of sales at ...
-
News briefs
Sports Direct International is going to change its name to...
Sports Direct International is going to change its name to Frasers Group, following its acquisition of House of Frasers, the struggling British chain of department stores. The move, which is supposed to improve its image, is likely to be approved by shareholders at a meeting in mid-December as the company's ...
-
News briefs
After divesting Courir, its chain of athletic footwear stores, the...
After divesting Courir, its chain of athletic footwear stores, the Go Sport Group has entered negotiations to sell off its Go Sport Montagne franchise to Skiset, a group founded in 1994 that is now operating 900 ski-rental stores internationally. Go Sport launched the franchise three years ago as a complement ...
-
News briefs
Roger Federer owns both 20 Grand Slam trophies and more...
Roger Federer owns both 20 Grand Slam trophies and more than 250 pairs of sneakers. Now, as retirement from professional tennis approaches, the Swiss tennis champion has signed something more than an endorsement deal with On Running, the Swiss brand of running shoes. He has taken an unspecified financial stake ...
-
News briefs
Anta Sports Products, which had a 57.95 percent stake in...
Anta Sports Products, which had a 57.95 percent stake in the consortium that bought Amer Sports earlier this year, will no longer have to include and report Amer's figures, which have been dilutive, in its consolidated income statements. Anta is shedding 5 percent of its economic interest in the group ...
-
News briefs
The consortium led by Anta Sports Products that bought Amer...
The consortium led by Anta Sports Products that bought Amer Sports last month is exploring the possible sale of its U.S.-based fitness equipment brand, Precor, according to Bloomberg. The report indicates that several potential buyers have shown interest in the brand, which could fetch about $500 million. Prior to its ...
-
News briefs
Nike has invested in and signed an intellectual-property licensing deal...
Nike has invested in and signed an intellectual-property licensing deal with Handsfree Labs, whose devices enable people to put shoes on without using their hands. The companies have not disclosed the terms of the investment. Strategically, however, remarks from Tom Clarke, Nike's president of innovation, have suggested a link with ...
