All Corporate articles
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News briefsAsics works on enhancing personalization and data protection compliance
Asics has selected Boston-based pure-play customer data platform (CDP) BlueConic to reimagine how it engages with customers. The move will empower the Asics team to support a growing number of personalization projects while remaining compliant with consumer data privacy regulations around the globe. With operations across the Americas, Europe, the ...
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News briefsCastore secures £145 million investment
British sportswear brand Castore has announced that it has secured growth investment in a funding round led by Raine Partners, the equity arm of The Raine Group. Hanaco Ventures and Felix Capital also participated in the investment through their respective growth funds. The £145 million (€169m) investment will allow Castore ...
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News briefsSportScheck files for insolvency, Frasers pulls out - for now
After the real estate and retail holding company Signa, led by Austrian magnate Rene Benko, filed for insolvency last week following failed attempts to secure new financing, German retailer SportScheck GmbH has now also filed for insolvency. SportScheck has 34 stores in Germany and reported annual sales of around €350 ...
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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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News briefsCanada Goose acquires its first European factory
Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania. These will now become the brand’s first factory in Europe. Its other seven factories are all in Canada. Paola Confectii has been supplying knitwear to Canada Goose since its founding in 2017. Its General Manager, Giannino Lessi, ...
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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, ...
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News briefsCircle Sportswear raises €4m in latest funding round
Circle Sportswear, the French start-up that uses recycled resources to produce new technical garments that are themselves recyclable, has raised €4 million in a Series A funding round. The investment is led by French positive impact investment firm Alter Equity, alongside its historical shareholders and Thierry Peuchot, former marketing director ...
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News briefsBasketball Revolution rebrands as Basketball Emotion, opens first store in Madrid
Basketball Revolution, which Fútbol Emotion acquired in March, is now rebranding as Basketball Emotion starting Dec. 1. Alongside the rebranding, the chain will be opening its first Basketball Revolution store, also on Dec. 1. The new 600-sqm store will be located at the MegaPark shopping mall in San Sebastian de ...
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News briefsPower outage costs TGL a stroke
TGL, the new golf league we reported on about a week ago, finds itself in the rough. The league was set to make its debut this coming January with some serious pros in on its six teams, but a power outage has collapsed an air-supported dome on its playing grounds, ...
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News briefsActive Apparel Group expands global presence to Europe
Source: Active Apparel Group Éimear McDermott, Director of Sales Europe Active Apparel Group (AAG), a performance apparel manufacturer for the outdoor lifestyle and active market, is expanding its global presence by opening a new office in Milan, Italy. Headquartered in Australia with existing strategic locations in ...
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News briefsNew Balance starts construction of new factory in New England
New Balance has begun construction of its 9,500-sqm factory in Londonderry, New Hampshire. It is the first factory in the state and the sixth footwear manufacturing facility in the US. The investment totals $70 million, will create more than 150 jobs and is expected to be operational by 2025. According ...
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News briefsPeak Ski Company seeks additional funding opportunities
Peak Ski Company, headquartered in Bozeman, Montana, has contracted growth equity firm Republic Group to launch a crowdfunding initiative “to fuel growth and innovation.” Peak Ski Company was co-founded in April 2022 by Andy Wirth, the former President and CEO of Squaw Valley Ski Holdings, the parent company of ...
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News briefsCentral Group takes full control of Selfridges amid Signa Group financial woes
It is being widely reported that Central Group, the co-owner of Selfridges, has taken full control of the department store chain after co-owner Signa Group continues to face financial difficulties. Signa bought Selfridges alongside Central in a €4.7 billion dollar deal in 2021. -> Get the latest on the ...
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News briefsTiger Woods team rounds out the TGL six
Tiger Woods will be fielding a golf team come January, according to Front Office Sports. Along with David Blitzer, who has stakes in a variety of professional sports clubs in the US and Europe, Woods is founding a franchise – the last of six – in the new TGL league, ...
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News briefsNew polyester textile regeneration company formed
Building on its technology partnership with IBM and Under Armour, Technip Energies, which is listed on Euronext Paris with American depositary receipts, has announced the creation of Reju, a company focused on PET (Polyethylene terephthalate) recycling (rPET) of textiles. The new company’s focus is thus on creating new solutions at ...
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News briefsSport Conrad invests in automated warehouse and commissioning system
With a customized Autostore system including new peripheral solutions, the German multichannel retailer Sport Conrad is increasing its efficiency and equipping itself for the future. With 16 robots and around 16,000 bins, the system from global Autostore partner and worldwide intralogistics specialist Kardex is helping Sport Conrad’s warehouse in lffeldorf ...
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ArticleFootway Group presents reorganization plan
After the Swedish Footway Group AB filed for voluntary company reorganization in July, the company submitted a preliminary reorganization plan to its creditors at the beginning of November. The plan includes a proposal for debt relief of approximately 70 million Swedish kroner (€6.02m) and a new share issue of the ...
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ArticleSport 2000 Austria: Zentrasport’s reorganization proceedings closed
The restructuring proceedings with self-administration submitted by Zentrasport Österreich e.Gen. on Aug. 11 were successfully closed on Nov. 9, 2023, at the regional court in Wels. The creditors approved the restructuring plan. The original target ratio of 60 percent could not be fully met; creditors will receive a ratio of ...
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ArticleWolverine Worldwide accelerates transformation plan
Wolverine World Wide, Inc., the owner of a large brand portfolio, including Merrell, Saucony, Sperry, Sweaty Betty, Hush Puppies and Wolverine, announced actions to accelerate its ongoing strategic transformation into a “brand-led and consumer-obsessed growth company.” Chris Hufnagel, President and CEO, said: “We are moving with speed and urgency to ...
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News briefsSigna Holding: Benko steps down, hands over chairmanship to restructuring expert
As the company announced on Nov. 8, 2023, Austrian real estate investor René Benko has stepped down as Chairman of the Advisory Board of Signa Holding and handed over the chairmanship to Arndt Geiwitz. The German restructuring specialist is also taking over the chairmanship of Signa’s shareholders’ committee, as reported ...
