Corporate and M&A – Page 10
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ArticleZalando publishes Q2 figures and reveals adjustment plans to improve order economics
With the release of its second quarter 2022 figures, Zalando has expressed confidence in returning to profitability in the second half of 2022 with a set of measures to address the volatile market environment. In the second quarter of 2022, the number of active Zalando customers grew to over 49 ...
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ArticleAdidas cuts FY 2022 guidance on China weakness and potential slowdown in other markets
Adidas has adjusted its top line 2022 guidance due to a worsening outlook for its Greater China business. While second-quarter 2022 results slightly exceeded expectations, given continued strong momentum in Western markets and a return to growth in Asia-Pacific, the company has reported a slower-than-expected recovery in China since the ...
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ArticleAlibaba seeks initial listing on Hong Kong Stock Exchange, maintains listing on NYSE
Alibaba’s board has authorized the management to apply for an initial listing on the Main Board of the HKSE while also remaining listed in New York.
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ArticleFrasers Group’s former auditors fined in the U.K.
The U.K.’s Financial Reporting Council (FRC) has sanctioned the firm of Grant Thornton and its former partner Philip Westerman for insufficient rigor in audits.
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ArticleDesigner Brands adds Le Tigre to growing portfolio
Ohio-based Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories and parent of the U.S. Designer Shoe Warehouse (DSW) retail chain, announced an investment in and licensing agreement with Le Tigre 360 Global. The deal adds Le Tigre to Designer ...
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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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ArticleAuthentic Brands Group settles lawsuit with Bolt, becomes shareholder
Authentic Brands Group (ABG), the owner of Reebok and other global brands, has settled out of court and agreed to dismiss its lawsuit against Bolt Financial Inc. ABG said that it would continue to partner with Bolt to offer “one-click” checkout capabilities to ABG’s brands Forever 21 and Lucky Brand. ...
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ArticlePeugeot Frères Industrie acquires Julbo
Christophe and Matthieu Beaud, co-owners and CEO and managing director, respectively, of Julbo, have announced an agreement for Peugeot Frères Industry to acquire a majority stake in the family eyewear company. The Beaud family, unrelated to Jules Beaud, the founder of the company in 1888, acquired the business in the ...
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ArticleKorean F&F group to acquire Sergio Tacchini
The Korean website Newsway reports that at a board meeting on July 7, South Korean fashion conglomerate F&F agreed to acquire 100 percent of the shares in Sergio Tacchini Operations, Inc, which operates the Sergio Tacchini tennis brand, and Sergio Tacchini IP Holdings, Inc, a holding company with the brand’s ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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ArticleOdlo acquires British sailing brand Henri-Lloyd
Source: Odlo Knut Are Hogberg, CEO of Odlo Odlo has announced the acquisition of 60-year-old British sailing brand Henri-Lloyd, apparel partner of the GBR Sail GP team and Ineos Britannia. The acquisition comes just months after Odlo bought Janus, a merino apparel manufacturer, and underscores Odlo’s commitment ...
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ArticleThe Lycra Company announces new ownership
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
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ArticleSSU outlines U.S. growth strategy
Signa Sports United (SSU) aims to strengthen its position in e-bikes and tennis in its core European market while implementing a similar approach in the U.S. through a combination of organic growth, mergers and acquisitions and third-party services, according to a presentation (direct PDF download) at the Jefferies Investor Conference ...
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
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ArticleOuttra establishes expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
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ArticleSaysh secures $8m in funding from Gap's Athleta and others
Consumer-focused fund IRIS and Gap Inc.’s performance lifestyle brand Athleta have led an $8 million Series A funding round for startup sneaker and lifestyle company Saysh. Other investors in the funding round include the 50-percent female early-stage team at Redpoint Ventures, a venture capitalist that has successfully invested in companies ...
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ArticleMips with new strategy, updated financial targets
At Capital Market Day 2022 in Stockholm on June 9, Swedish helmet technology and “Brain Protection System” (BPS) manufacturer Mips AB unveiled its new long-term strategy with updated financial targets and strategic priorities for the coming years. The reason for revising the company’s strategy and long-term financial targets is not ...
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ArticleCoDi to acquire PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise ...
