All Corporate articles

  • News briefs

    Adidas grants a Corona bonus to all employees

    2020-12-03T16:58:00Z

    Adidas has announced that it will give a Corona thank you bonus to all the members of its staff of about 60,000 employees around the world for Christmas. Regulations introduced by the German government will make the bonus free of taxes and social charges. The bonus will amount to ...

  • News briefs

    European Tour and PGA Tour unite

    2020-11-30T17:57:00Z

    The European Tour and the PGA Tour have announced a “Strategic Alliance” for golf competitions, covering tournament scheduling, prize funding, media rights and commercial matters. The PGA Tour will be acquiring a minority stake in the European Tour’s media production company, European Tour Productions , and the PGA ...

  • News briefs

    Jay-Z and Novak Djokovic join CLMBR’s team

    2020-11-23T18:24:00Z

    The musician Jay-Z and the tennis star Novak Djokovic have joined the investment team of CLMBR to support next year’s launch of the CLMBR Connected and CLMBR Pure vertical climbing machines for fitness training. Both machines have touch screens, an audio system and a tracking ...

  • News briefs

    Sports Direct to purchase four stores in Spain

    2020-11-20T18:03:00Z

    In a deal worth €34 million, Frasers Group ’s sports banner, Sports Direct , will be purchasing six Toys ‘R’ Us stores in Spain in a sale leaseback deal. They are located in the cities of Alcobendas (outside Madrid), Sant Boi (outside Barcelona), Granada, Valencia, Málaga and ...

  • News briefs

    Calida offers to buy the remaining shares in Lafuma

    2020-11-16T15:31:00Z

    The Calida group has published a formal offer to buy all the shares it doesn’t own yet in the Lafuma group, with a squeeze-out provision for the minority shares that are not be tendered. The offer follows the previously reported in The Outdoor Industry Compass , favorable ...

  • Short stops

    CORPORATE and M&A

    2020-11-12T17:11:00Z

    +++ The Frasers Group , which owns the Sports Direct chain, has reportedly pulled out of a race for the control of the Debenhams department store, feeling that the auction price of £300 million is too high, but it has double its stake in Mulberry +++ Likely to ...

  • VF Supreme
    Article

    VF acquires Supreme

    2020-11-09T18:41:00Z

    VF Corp. has announced a definitive agreement to acquire Supreme , a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of ...

  • Article

    Bike Fun changes hands, Canyon sees takeover interest

    2020-11-06T18:22:00Z

    Bike Fun International (BFI) , a bicycle maker based in the Czech Republic, and Consillium , a Prague-based private wealth management firm owned by Tomas Němec , have agreed on a transaction that will see Consillium acquire a 100 percent share in BFI. The deal was agreed on Oct. ...

  • News briefs

    Dorel is to be taken private

    2020-11-03T16:25:00Z

    Dorel Industries , the Canadian company known in our sector for its numerous bike brands ( Caloi , Cannondale , GT , Mongoose , Schwinn , etc.) and also involved in home products and juvenile furniture, has reached an agreement in principle with various investors that would take it out ...

  • News briefs

    Sweaty Betty is reportedly looking for a new owner

    2020-11-03T15:11:00Z

    Sweaty Betty , the British brand of women’s activewear, has reportedly asked Goldman Sachs to help find a new investor. According to The Times , it is seeking a valuation of about £250 million (CONVERSION €278.16 million). The brand currently operates more than 60 mono-brand stores in the U.K., ...

  • News briefs

    Bradshaw Taylor acquires Sherpa Adventure Gear

    2020-11-03T15:11:00Z

    Bradshaw Taylor , which has been the distributor of Sherpa Adventure Gear for many years, has agreed to take over the brand and its assets. Corry Taylor , the owner of the U.K.-based wholesaler, will be its new chief executive. Sherpa Adventure Gear will continue a partnership with Innov8 ...

  • News briefs

    JD’s executive chairman sells shares

    2020-11-02T18:16:00Z

    Peter Cowgill , executive chairman of JD Sports Fashion , has sold 2,587,326 shares in the British company at a price of 745.61 pence per share, leading to total proceeds of £19,291,102 (€21,406,962-$24,889,334). The retailer’s share price has been sliding in the last five days from around 800 pence to ...

  • News briefs

    Melchers Group combines Venice Beach and Joy Sportswear

    2020-11-02T18:15:00Z

    The German Melchers Group , which has more than 50 brands from various industries under its umbrella, has reorganized its apparel segment. Its Scoretex subsidiary will serve as the “Home of Brands” for all four of the group’s sports brands. In addition to the labels Venice Beach and ...

  • News briefs

    Whoop is valued at $1.2 million in financing round

    2020-11-02T16:12:00Z

    Here is another young connected fitness company that is commanding a high valuation. Whoop , an “athletic performance maintenance company” headquartered in Boston that provides memberships for 24/7 coaching to improve health and the free Whoop hardware that goes with it, has closed a $100 million Series E Financing ...

  • News briefs

    Under Armour divests MyFitnessPal, will discontinue Endomondo

    2020-11-02T09:32:00Z

    Under Armour (UA) has entered into a definitive agreement to sell the MyFitnessPal platform to Francisco Partners , a global investment firm specializing in technology businesses, headquartered in San Francisco. MyFitnessPal, an activity tracker that helps around 200 million users in their health and fitness activities, will become ...

  • Technogym-12311887-log1
    Article

    Technogym wants home fitness to generate half of €1 bn in sales

    2020-10-29T17:45:00Z

    In reporting a 53 percent increase to €98 million in its home fitness segment for the first nine months of this year, Technogym said that its board of directors has approved a new three-year business plan, called Technogym At-Home , that calls for a doubling in the segment’s revenues ...

  • News briefs

    Decathlon invests €4 million in Cyclofix

    2020-10-22T17:03:00Z

    Cyclofix , a French on-site bike repair service, has raised €5 million in an investment round including €4 million coming from Decathlon and €1 million from Via ID , a business accelerator that supports innovative start-ups in the field of new and sustainable mobility. Cyclofix, created by Alexis Zerbib ...

  • News briefs

    Huub launches a crowdfunding campaign

    2020-10-22T17:02:00Z

    Huub , a British producer of apparel and accessories for endurance sports, has launched a crowdfunding campaign on Crowdcube . It hopes to raise at least £250,000 (€277,000-$327,000) so as to “continue to scale its direct-to-consumer offering, expand the product range in its fast-growing cycling category, cater for the increasing ...

  • News briefs

    Rawlings acquires Easton Diamond Sports

    2020-10-22T17:02:00Z

    Rawlings Sporting Goods and Easton Diamond Sports have entered into a definitive agreement for Rawlings to acquire Easton, the American baseball and softball brand. The financial terms of the deal have not been disclosed. The existing shareholders of Peak Achievement Athletics , Easton’s parent company, will continue to ...

  • Reebok
    Article

    Adidas may offload Reebok by March

    2020-10-22T16:05:00Z

    Naming Anta Sports Products and VF Corp. as potential buyers for the brand, Germany’s usually well-informed Manager Magazin reports that the Adidas Grou p is planning to sell its Reebok division by next March. A spokesperson for the group said the company has a policy of ...