Corporate:
+++ Meditec, a Tunisian-based manufacturer of snowboards, skis, kiteboards and wakeboards made with composite materials, has been acquired by the Paris-based La Soie Group, allowing Meditec to increase its production capacity and further expand and support its existing R&D efforts
+++ Compass Diversified has completed the planned sale of its majority stake in Liberty Safe to Monomoy Capital Partners at a valuation of $147.5 million
Management:
+++ According to the Daily Telegraph, Mike Ashley is expected to announce Thursday his resignation as CEO of Frasers Group, the parent company of Sports Direct that he controls, passing on the helm to Michael Murray, the group’s “head of elevation,” who is also set to become Ashley’s son-in-law +++
Legal & Institutional:
+++ The Rapha Foundation has teamed up with British Cycling, the governing body for cycling in the U.K., on a new community initiative aimed at making cycling more inclusive across the country
Marketing:
+++ Topgolf, which is now a subsidiary of Callaway Golf, has signed a 10-year deal with St Andrews Links as the its exclusive golf entertainment partner, with its own Topracer declared as the official range technology
Trade Shows & Other Events:
+++ The Taipei Innovative Textile Application Show (TITAS) has launched a “sustainability” online show through Sept. 16, featuring more than 1,500 textile-related products by more than 150 exhibitors that are manufactured with pre-consumer or post-consumer recycled materials, bio-based or bio-degradable materials, or using less energy and water
+++ The Taipei Cycle Show (TCS), which was held virtually in 2020 and early this year, is expected to turn into a hybrid event between March 9 and April 8 in 2022
