CORPORATE AND M&A

2021-02-04T18:12:00+00:00

+++ The NBC Sports Network will cease operations by the end of 2021, with key elements of its programming shifting to USA Network, also owned by NBCUniversal, and Peacock, which is NBCUniversal’s new streaming service +++

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GoPro sees major upsides with subscriptions
2021-03-02T17:04:00Z
GoPro told a conference organized by JMP Securities that it expects its revenues to improve by 20 to 25 percent this year, even if there is no broad economic recovery and no increase in travel, thanks in part to the development of its direct-to-consumer operations. As previously reported ...
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El Corte Inglés discusses layoffs
2021-03-02T15:23:00Z
El Corte Inglés has told the unions that it is considering between 3,000 and 3,500 voluntary layoffs as part of a reorganization of the company, which run Spain’s largest chain of department stores and multiple other operations, including shopping centers. Its department stores sell a lot of sporting goods, ...
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JD Sports in talks to acquire warehouse from Arcadia Group
2021-03-02T10:13:00Z
According to Sky News , JD Sports Fashion is the front-runner in negotiations to acquire Arcadia Group ’s warehouse in the English town of Daventry for around £60 to £90 million (€69m-$83m to €104m-$125m). Boohoo Group , Amazon and eBay have reportedly also expressed interest. A casualty ...

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Birkenstock is reportedly valued at €4 billion
2021-03-01T17:38:00Z
We find it interesting that Birkenstock , an authentic and iconic brand of casual shoes made in Germany, with a 247-year heritage, has been taken over by two equity funds, L Catterton and Financière Agache , that are related to Bernard Arnault , the controlling shareholder of LVMH . ...
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Wolverine gets S&P upgrade
2021-03-01T10:47:00Z
Standard Poor’s has upgraded its outlook for Wolverine Worldwide to stable and confirmed its BB issuer credit, while raising the rating on its senior secured credit facility to BB+. This came after Wolverine repayed a $171 million, 364-day loan contracted because of the coronavirus pandemic and ...
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Moncler acquires full control of Stone Island
2021-02-26T17:03:00Z
Moncler has purchased the remaining 30 percent stake of Stone Island , an Italian brand of casualwear, from Temasek for around €345 million. The transaction is expected to close by the end of March, following approval by the regulatory authorities and Moncler’s shareholders. The deal was first announced ...

CORPORATE AND M&A

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Related articles

GoPro sees major upsides with subscriptions

El Corte Inglés discusses layoffs

JD Sports in talks to acquire warehouse from Arcadia Group

More Corporate and M&A

Birkenstock is reportedly valued at €4 billion

Wolverine gets S&P upgrade

Moncler acquires full control of Stone Island