News briefs - Corporate and M&A – Page 97
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News briefs
Migros has announced that it has taken over all shares...
Migros has announced that it has taken over all shares of Ryffel, the specialty running retailer. The Swiss retail chain had already acquired a majority stake from the founders, Urs and Markus Ryffel, in 2011. The brothers have now sold to Migros the remaining shares. SportXX, Migros' sporting goods chain, ...
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News briefs
Skilynx, the investment company that took over the Vuarnet brand...
Skilynx, the investment company that took over the Vuarnet brand of sunglasses a few years ago, has reached an agreement to take over the rights to the Vuarnet brand for all kinds of products in an asset deal with Jean Vuarnet, the famous French ski champion, and his son ...
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News briefs
Four investment funds have expressed interest in the acquisition of...
Four investment funds have expressed interest in the acquisition of Bogner, according to Reuters, but they are giving it a valuation of between €250 million and €300 million. That would be close to one year worth of revenues and ten times the company's operating profit before amortization (Ebitda), which amounted ...
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News briefs
Bodybuilding.com will open next month a new fulfillment center in...
Bodybuilding.com will open next month a new fulfillment center in Dunstable, England, serving customers in the U.K. and other parts of the European Union. U.K. customers will get next-day delivery. The U.S.-based online retailer of fitness equipment has been servicing European customers from a third-party warehouse in the Netherlands, selling ...
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News briefs
Boardsport Source reports that the Austrian snowboard factory of Global...
Boardsport Source reports that the Austrian snowboard factory of Global Sports Technologies (GST) will cease production at the end of July. The plant's 85 staff were apparently informed on 25 February that the activity in Antiesenhofen had become untenable because production costs are relatively high in Austria while selling prices ...
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News briefs
Kinetic, a division of Kurt Manufacturing, has doubled the size...
Kinetic, a division of Kurt Manufacturing, has doubled the size of its global logistics warehouse in Minneapolis, Minnesota and has relocated its European warehouse from the Netherlands to Austria. The warehouse in Minneapolis has expanded from 3,000 square feet to 6,000 square feet. The extension was made necessary by the ...
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News briefs
Mission Athletecare, the six-year-old company behind the EnduraCool line of...
Mission Athletecare, the six-year-old company behind the EnduraCool line of instant cooling towels, skull caps, sleeves and hats, has raised $35 million in new venture capital. It has also added Hap Klopp, the founder and former chief executive of The North Face, to its board of directors. The new round ...
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News briefs
Following a pattern already established in China, apparel factories in...
Following a pattern already established in China, apparel factories in Vietnam reported that only half of their workers showed up on Feb. 26 to resume production after the Lunar New Year holiday, although more workers were expected to return by March 3. Vietnam exported $25.4 billion worth of textiles and ...
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News briefs
A list of the factories that make apparel for the...
A list of the factories that make apparel for the Adidas Group shows that it has added one in Myanmar for the first time. Combined with low labor costs, the recent lifting of international sanctions on the country, formerly called Burma, evidently played a role. Some 2,000 workers were reported ...
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News briefs
Non-executive directors at Naibu Global International, a Chinese sports footwear...
Non-executive directors at Naibu Global International, a Chinese sports footwear company listed on the AIM stock exchange for fast-growing companies in London, have lost contact with the company's chairman and chief executive. The directors reported through a stock market announcement on 18 Feb. that their enquiries to these two managers ...
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News briefs
Nike plans to move its head office from a town...
Nike plans to move its head office from a town near Bologna to the renovated Porta Nuova district of Milan. The idea is to more closely align the brand's business in Southern Europe with a “key cities” strategy. There will be no change in the management structure. Some back-office functions ...
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News briefs
Chervò has officially launched Chervò USA, as announced at the...
Chervò has officially launched Chervò USA, as announced at the PGA Merchandise Show in Orlando in late January. The new company, which will be independent in terms of logistics and production, will be responsible for the North American, Latin American and Caribbean markets. Charles Shaefer has been appointed as chief ...
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News briefs
The Riverside Company is investing in Bike24, the German cycling...
The Riverside Company is investing in Bike24, the German cycling e-commerce specialist. The private equity firm focuses on acquiring growing businesses valued up to $250 million and has an international portfolio of more than 75 companies. The details of the deal were not disclosed. Bike24 sells an array of bike ...
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News briefs
Zoot Sports, part of Jarden Corporation, has completed the acquisition...
Zoot Sports, part of Jarden Corporation, has completed the acquisition of Squadra, a designer and manufacturer of custom cycling, racing and triathlon apparel based in Carlsbad, California. Squadra was founded by Dan Weatherford in 1996, initially as the licensee for the Italian brand Castelli, whose apparel was worn by cycling ...
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News briefs
Black Diamond Equipment will expand its manufacturing operations in Utah,...
Black Diamond Equipment will expand its manufacturing operations in Utah, according to a joint announcement by the company and the state's Governor's Office of Economic Development (GOED). The company, which manufactures specialized outdoor equipment for climbing, skiing and mountain sports, is a subsidiary of Black Diamond Inc., which also owns ...
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News briefs
Groupe Royer has finally reached an agreement for the acquisition...
Groupe Royer has finally reached an agreement for the acquisition of Noël Soccer, the subsidiary of the Noël group that holds the Umbro license for France. Noël is known in the shoe market primarily for its Sledgers and Babybotte brands. As previously reported, a French court pronounced the insolvency of ...
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News briefs
Lion Capital has agreed to sell its majority stake in...
Lion Capital has agreed to sell its majority stake in the A.S. Adventure Group to PAI Partners, a French-based private equity firm. The leading European outdoor retail group, which comprises A.S. Adventure in Belgium as well as Cotswold Outdoor in the U.K. and Bever in the Netherlands, achieved a turnover ...
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News briefs
The weakness of the euro, which has reached its lowest...
The weakness of the euro, which has reached its lowest level in five years against the dollar, may push Dorel Industries to raise its prices in Europe. Dorel, which owns Cannondale, GT, Schwinn and other brands of bicycles, says that the strong dollar will have a hard negative impact on ...
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News briefs
Belgian newspapers have reported that A.S. Adventure was holding advanced...
Belgian newspapers have reported that A.S. Adventure was holding advanced talks with PAI, an international private equity firm based in Paris, for the takeover of the Belgian-based outdoor retail company. The A.S. Adventure group encompasses the eponymous Belgian outdoor retailer as well as Bever in the Netherlands and Cotswold Outdoor ...
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News briefs
Sports Direct International (SDI) announced last month that an investment...
Sports Direct International (SDI) announced last month that an investment company owned by Mike Ashley sold shares amounting to about 2.75 percent of the group's issued share capital, at 720 pence per share. Ashley still holds about 55.14 percent of SDI's capital and has agreed not to sell any more ...
