Corporate and M&A – Page 14
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ArticleBogner teams up with Bosideng for China
Bogner has signed a joint venture agreement with a subsidiary of Bosideng International Holdings, a leading Chinese apparel group, to establish a strong presence for the Bogner and Fire+Ice brands in the Greater China area with the support of experienced managers. The business plan calls for strong social media activities ...
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ArticleSnipes snaps up the Jimmy Jazz chain in the U.S.
Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...
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ArticleABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
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Snowleader moves into larger premises
Snowleader, a leading online retailer of outdoor and snow sports products based in the Savoy region of France, has moved to a larger, eco-friendly office of 3,000 square meters at Epargny, near Annecy, while inaugurating a new and bigger automated warehouse at a different site further away at Versoud. The ...
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Shelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
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ArticleIndebted ManUnited to issue shares to its fans
Manchester United fired Ole Gunnar Solskjaer, the Norwegian team manager hired three years ago, after the English football club lost 4-1 against Watford on Saturday Nov. 20, its fifth defeat in the first seven matches of this season’s Premier League. The dismal score, which is infuriating the club’s fans, will ...
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Alpargatas sells Osklen to Dass to develop Havaianas more widely
Completing its reorganization, Alpargatas is divesting its 60 percent stake in Osklen, a Brazilian brand of sustainable surf- and skate-inspired clothing and footwear, to focus on Havaianas, the big international brand of rubber sandals. Alpargatas had already transferred its regional Mizuno license to Vulcabras, parent company of Olympikus, in the ...
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ArticleExpanded: Allbirds doubles its valuation as it goes public
Allbirds, the California-based producer of Wool Runner merino shoes and other eco-friendly sneakers and apparel sold in a direct-to-consumer mode, started trading on the Nasdaq exchange under the ticker symbol BIRD at an opening price of $21.21 per share on Wednesday, Nov. 3. That was more than 40 percent above ...
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ArticleNice Footwear is valued up to €16.5m in IPO
Nice Footwear, an Italian company specializing in the production and sourcing of sneakers, is being listed on the Euronex Growth market in Milan. The company set a price range of €9.00-€11.00 per share, valuing the company at between €13.5 million and €16.5 million, representing 4.87 to 5.95 times last year’s ...
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Big investments in pádel in Scandinavia
With the sport of pádel expanding strongly in Scandinavia and Finland, a big Swedish venture capital firm, Triton, has reportedly made just over 30 acquisitions worth around 2.5 billion Swedish kronor (€250m-$290m) in the sector over the past three months, forming a newly created Ledap Group with a presence in ...
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Allbirds’ IPO seeks a $2 bn valuation
Allbirds has priced its planned public offering at a range of between $12 and $14, which would give it a valuation of more than $2 billion, in spite of continued losses. It plans to offer a total of 19.2 million shares to raise up to $269 million. A Series E ...
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ArticlePE firm to acquire NPD Group
The private equity firm Hellman & Friedman (H&F) will soon be entering into a binding and exclusive agreement to purchase the NPD Group, once the latter’s employee-works council has been lawfully notified and consulted. Founded in 1966 and headquartered in Port Washington, New York, NPD claims to be the world’s ...
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ArticleSome French employees strike over pay at Decathlon
The CFDT called on Decathlon’s employees to go on a national strike in France on Saturday, Oct. 16. The union, third largest by employee representation, is seeking to raise employee compensation in view of this year’s “record profits” at the French producer and retailer of sporting goods. According to a ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Holdings group and the Canadian conglomerate Dorel Industries officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a ...
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iFIT drops its planned IPO, Allbirds revises it
Allbirds has revised its proposals for an initial public offering, and iFIT Health & Fitness has postponed its plans to go public, citing “adverse market conditions.” Meanwhile, an acquisitive American maker of camp stove, Solo Brands, has filed an application for an IPO with the U.S. Securities & Exchange Commission ...
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Skechers adjusts prices to offset higher input costs
Skechers started making price adjustments at the start of this year to counter foreign exchange headwinds and other input cost pressures. It is looking at some other offsets for the recent increases in raw material, transportation and logistics costs, without affecting its “reasonable price” marketing appeal. The company told investors ...
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Germany’s Sport-Tiedje builds a larger logistics center
Sport-Tiedje, the German-based online and offline retail specialist for home fitness equipment, is investing in a new central warehouse in Schleswig-Holstein to supply its own stores and its online customers throughout Europe, according to SAZ Sport. In the 2020 pandemic year, Sport-Tiedje increased its sales by 55 percent to €203 ...
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iFIT Health & Fitness seeks $6.7 bn valuation
iFIT Health & Fitness, the Utah-based fitness equipment supplier formerly called Icon Health &Fitness, is proposing a price per share of $18 to $21 for its initial public offering (IPO), which is likely to take place sometime next week. The parent of brands such as NordicTrack and ProForm plans to ...
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Peloton diversifies into strength training and more
Predicting an adjusted Ebitda loss of $325 million for the current financial year, ending in June 2022, Peloton Interactive told the Goldman Sachs Communacopia Conference that it will be a year of important new product releases as well as strong investments in marketing, supply chain and IT. Notably, the company ...
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New MD, narrowed focus for Rossignol’s Spanish ski plant
The head of Skis Rossignol de España, Enric Casas, is retiring in October at the age of 65, after 35 years with the company. Casas joined Rossignol in 1986 as an engineer and went on to become a technical manager. He was appointed managing director of the Spanish manufacturing subsidiary ...
