News briefs - Corporate and M&A – Page 95
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News briefs
Airesis, the Swiss holding company that owns a majority stake...
Airesis, the Swiss holding company that owns a majority stake in Le Coq Sportif, has acquired 92 percent of Movement Group, a Swiss company specializing in freestyle skis with a turnover in the range of 15 million Swiss francs (€14.4m-$16.1m). Sealed at an undisclosed price, the acquisition encompasses Wild Duck ...
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News briefs
Kettler, the German producer of sports and leisure equipment, filed...
Kettler, the German producer of sports and leisure equipment, filed for bankruptcy under its own administration at a court in Arnsberg yesterday. The family-owned company said in a press release that its operations would not be disrupted, and that the proceedings were necessary to avoid an unwanted takeover by a ...
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News briefs
Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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News briefs
Balega Socks, a company from North Carolina specializing in performance...
Balega Socks, a company from North Carolina specializing in performance socks, has been acquired by Implus Corporation, a group that owns a slew of brands in the footwear, sports and fitness markets, such as Sof Sole, Yaktrax, Airplus, Sneaker Balls, Icetrekkers and more. The partnership is meant to help Implus ...
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News briefs
The Adidas Group appeared puzzled this week by a lengthy...
The Adidas Group appeared puzzled this week by a lengthy German newspaper report containing allegations that workers contracted through temporary work agencies at a logistical center in Rieste, Germany, were treated unfairly. The article in Die Zeit reports complaints from workers that they were asked to be permanently on call without ...
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News briefs
Brunswick says it has completed the disposal of its bowling...
Brunswick says it has completed the disposal of its bowling business, which was expected to generate net proceeds of between $270 and $290 million. Its bowling centers have been sold to a long-time competitor, Bowlmor AMF. A company in Atlanta, BlueArcCapital, has acquired Brunswick's bowling products business.
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News briefs
The Adidas Group reiterated this week that it has no...
The Adidas Group reiterated this week that it has no intention of selling Reebok, after the owner of CrossFit told a reporter that he would like the fitness brand to come under fresh ownership. Reebok became a partner for CrossFit under a ten-year agreement started in 2010, and the huge ...
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News briefs
The Adidas Group's chief executive, Herbert Hainer, said at the...
The Adidas Group's chief executive, Herbert Hainer, said at the company's shareholders meeting on May 7 that it has appointed Perella Weinberg Partners as an adviser. The move comes after reports of interest by activist hedge funds. Southeastern Asset Management (SAM), which owns just over 3 percent of Adidas, has ...
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News briefs
Amer Sports has invested about €150,000 in its production and...
Amer Sports has invested about €150,000 in its production and logistic operations for winter sports products in Altenmarkt, Austria, according to various German media. The investments concern mainly new ergonomic and partially automated transportation and lifting equipment and are meant to increase productivity and quality control. The Alternmarkt production unit ...
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News briefs
Reports indicate that Metro Group has started discussing the possible...
Reports indicate that Metro Group has started discussing the possible sale of its Kaufhof and GB Inno department stores in Germany and Belgium, possibly including the Kaufhof Sportarena stores, with the Canadian Hudson's Bay department store group. Signa Retail, the Austrian-based real estate company that bought Karstadt and Karstadt Sports, ...
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News briefs
Shares in Sports Direct International (SDI), the leading British sports...
Shares in Sports Direct International (SDI), the leading British sports retailer and wholesaler, jumped by nearly 8 percent in the week after the Conservatives' win in the British general election. Ed Milliband, Labour's candidate, has been outspoken about his disapproval of zero-hour contracts used by SDI and some other retailers, ...
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News briefs
Boardsport Source reports that Snowide, the parent company for Apo,...
Boardsport Source reports that Snowide, the parent company for Apo, a snowboarding and skiing equipment and apparel brand, is in the process of liquidation. Apo's founder, Régis Rolland, apparently left the company a few months ago. Owned by Russian investors, Snowide further comprises the White Doctor brand and several distribution ...
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News briefs
A Thai investment firm, Triple D Corporation, has acquired Surf...
A Thai investment firm, Triple D Corporation, has acquired Surf Technicians, also known as Surftech, and offered to buy another producer of surf and stand-up paddle boards, Global Surf Industries (GSI). It has already announced a deal for the takeover of NSO, an Australian brand of GSI. Through an affiliate ...
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News briefs
On, the Swiss running footwear brand, has opened an office...
On, the Swiss running footwear brand, has opened an office in Yokohama to respond to strong Japanese demand and to support expansion in other Asian countries. Marc Maurer, the company's chief operating officer, explained that the Japanese market's size as well as its bias to technology and design made it ...
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News briefs
Yue Yuen is offering to sell two blocks of shares...
Yue Yuen is offering to sell two blocks of shares in Symphony Holdings for a minimum price of 60 cents of a Hong Kong dollar to reinvest the proceeds in its core manufacturing operations. The two blocks represent 24.87 percent and 2.36 percent of Symphony's shares. Like YY, Symphony operates ...
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News briefs
APJeT, a U.S.-based textiles specialty coatings company, will collaborate with...
APJeT, a U.S.-based textiles specialty coatings company, will collaborate with VF Corporation on potential uses for its textile finishing technology. The collaboration between the two companies is connected with VF's Global Innovation Center activities. VF operates three centers in the U.S. which work to develop advancements in apparel, footwear and ...
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News briefs
Head is finally leaving the stock exchange. Shareholders approved all...
Head is finally leaving the stock exchange. Shareholders approved all the resolutions put forward at the company's annual meeting in Amsterdam on April 28, including a proposal to convert Head NV to a private liability company and to amend the articles of association. The company will no longer publish quarterly ...
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News briefs
Berkshire Partners, an investment firm based in Boston, has teamed...
Berkshire Partners, an investment firm based in Boston, has teamed up with the management at Implus Corporation to acquire a majority stake in the U.S. company, which owns a gaggle of accessory brands in the footwear and fitness markets. The stake was bought from Trilantic North America at an undisclosed ...
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News briefs
SurfStitch is restructuring its European operations. The Australian online surfwear...
SurfStitch is restructuring its European operations. The Australian online surfwear retailer will close down its eponymous site to focus on Surfdome, which it acquired from Quiksilver six months ago. Surfdome had 25 million visitors last year, versus 6.7 million for SurfStitch Europe. The company is also planning to shut down ...
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News briefs
Shock Doctor Sports and McDavid have finalized their merger, without...
Shock Doctor Sports and McDavid have finalized their merger, without releasing the financial details of the transaction. Tony Armand, president and chief executive of Shock Doctor, will act as CEO of the new entity. Bob McDavid, president and CEO of the eponymous firm, will act as chairman. The two companies ...
