Corporate and M&A – Page 2
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ArticleDecathlon Austria with successful 2023
The international sporting goods manufacturer and retailer Decathlon, headquartered in France, can look back on a successful 2023 in Austria. In addition to encouraging increases in employees and sales, there was also growth in the form of another store. Source: Decathlon Decathlon Austria Managing Director Gábor Pósfai ...
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ArticleWolverine Worldwide sells Sperry to Authentic
Wolverine Worldwide has successfully offloaded its Sperry footwear brand to brand management firm Authentic Brands Group. Aldo Group, a Canadian retail group, has, at the same time, been appointed as the brand’s North American partner and will be responsible for wholesale, e-commerce and stores, Authentic said in a press release. ...
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ArticleMerger produces new league in American football
In the world of American football, the XFL and the USFL have merged into the United Football League (UFL). The league will be playing in the spring, which is the off-season for the National Football League (NFL), and has scheduled a first game for March 30. The league’s President and ...
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ArticleOn Holding plans further expansion, but no Tiger signing
Swiss company On Holding, which had a phenomenal 2023 in terms of sales and profitability growth, is promising to unleash a plethora of new products over the next 10 to 24 months and be a player at the Paris Games (including new uniforms for the Swiss National Team) this summer, ...
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ArticleJD Sports cuts profit forecast due to weak consumer spending
After sales at JD Sports Fashion’s sales fell short of expectations in the 22 weeks to December 30, the British retailer, which owns Go Outdoors, Blacks, Millets and other retail brands, lowered its profit guidance for the full year. According to the company, organic sales growth at constant currency ...
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ArticleFairmonde Golf welcomes LPGA golfer Angel Yin as a shareholder
Fairmonde Golf, an eco-friendly women’s golf apparel brand based in Wyoming, announces that US LPGA professional Angel Yin, an esteemed role model in the golf industry, has become a substantial shareholder in the brand. Yin, known for her outstanding performances at the Buick LPGA Shanghai and her prestigious win at ...
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ArticleXponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, announced the signing of a master franchise agreement for Pure Barre and YogaSix in Japan with Sunpark Co. Ltd. Sunpark has committed to open at least 50 franchise studios for Pure Barre and Yoga Six in the country. The ...
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ArticleFootway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
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ArticleManchester United reaches agreement for Ratcliffe to acquire 25% of shares
After English soccer club Manchester United announced in November 2022 that its board was considering “strategic alternatives” to support the club’s future growth and success, Qatari investors briefly expressed interest in February of 2023. Last September, however, the Glazers family announced that they were taking the club off the market ...
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ArticlePádel Nuestro ups its year-end sales forecast
Pádel Nuestro Group is forecasting an increase in annual sales of 27 percent, to €65 million, for full-year 2023, according to CMDsport. This is up from November’s forecast of €62 million. E-commerce should account for about 55 percent of the total. In what parent company 360 Padel Group’s CEO is ...
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ArticleSurface-analysis company gets a funding boost
Raw Stadia, a Belgo-British company that produces a computer system for the analysis of natural playing surfaces, has raised €1.5 million in a funding round from such investors as LRM, Noshaq, LeanSquare, the former footballer Jan Vertonghen and the entrepreneur Bart Claes, CEO of JBC. According to Raw Stadia’s co-founder ...
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ArticleAsics sells outdoor subsidiary to Chinese investor
Hong Kong-based venture capital firm LionRock Capital acquired the Swedish outdoor brand Haglöfs from Japanese sports manufacturer Asics on Dec. 18, 2023. “Asics has been a supportive and actively involved partner, providing invaluable assistance throughout our journey together. We are thrilled to start a new chapter with LionRock as ...
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ArticleArena has become a Benefit Corporation
Arena has changed the legal status of its parent company in Italy to a Società Benefit, a purpose-driven corporate model known worldwide as “Benefit Corporation.” The transition was made with the support of Italy-based NATIVA - Regenerative Design Company, which supports companies in a radical evolution towards regenerative economic models. ...
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ArticleIrving invests in sneaker marketplace Kicks Crew
Kicks Crew, a global sneaker and apparel e-commerce platform founded in 2013 and based in Los Angeles, California, has secured international basketball athlete, artist and actor Kyrie Irving as an investor. The athlete, sponsored by Chinese sporting goods brand Anta and also serving as the brand’s Chief ...
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ArticleLululemon eyes men’s, footwear as key growth opportunities
Lululemon, which last week called its early holiday sales “strong” and forecasted total Q4 revenues of $3.14 to $3.17 billion, intends to put extra attention on the men’s business and launch footwear for him in 2024. While the brand’s Q3 men’s sales increased by 15 percent, the group admitted men’s ...
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ArticleSigna insolvency proceedings: €5bn in liabilities
The restructuring proceedings with self-administration for Signa Holding GmbH were opened at the Commercial Court in Vienna on the evening of Nov. 29, 2023. According to the AKV creditor protection association, 42 service providers and 273 creditors are affected. According to the application, the debtor has assets with a book ...
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ArticleAlibaba’s president steps down from Farfetch board
J. Michael Evans, President and board member at Alibaba, has resigned from the board of directors at Farfetch, according to a company filing with the US Securities and Exchange Commission (SEC). Farfetch qualifies the resignation as being “in furtherance of the arm’s length commercial relationship” it has maintained with Alibaba ...
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ArticleWeSports invests in Tretorn and Thevea Group
Stockholm-based group WeSports has acquired a stake in Thevea Brands Group and Tretorn and established a long-term partnership with the founders and management team. According to WeSports, there is an option to acquire 100 percent of the company if certain conditions are met. Tretorn is one of the most renowned ...
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ArticleAsics sets FY26 targets, eyes operating margin of 12 percent
Asics Corp. has raised its profitability and sales bars in a new three-year strategy unveiled this week. The Japanese company wants to achieve a 12 percent operating margin in 2026 on 7-10 percent sales CAGR over forecasted FY23 revenues of ¥570 billion (€3.51b). To achieve those objectives, the group says ...
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ArticleHow Sport 2000’s "One Sport" strategy is evolving
Ahead of ISPO Munich 2023, Sport 2000 International has released an update of its One Sport 2000 strategy and progress. In a statement, Margit Gosau, CEO of Sport 2000 International and Sport 2000 GmbH, discusses a three-pronged approach which includes expanding specialization and progressively implementing this in brick-and-mortar retail formats, ...
