All Corporate articles

  • News briefs

    Sequential sells DVS Footwear

    2021-07-23T17:54:00Z

    While exploring strategic options to keep afloat, the Sequential Brands Group has announced the sale of its 65 percent stake in DVS Footwear to Elan Polo Internationa l for $2 million in cash. DVS is a global American brand of skate shoes founded in 1995. In April, ...

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    Kassia Davis buys PF Flyers from New Balance

    2021-07-22T10:12:00Z

    Kassia Davis has bought the 84-year-old PF Flyers brand of sports shoes from New Balance . She is a daughter of Jim Davis , controlling shareholder and chairman of New Balance, where she worked in a variety of positions for ten years until 2019. She then founded KADA ...

  • News briefs

    JD Sports invests in Gym King

    2021-07-22T09:18:00Z

    JD Sports Fashion has announced the acquisition of a “significant” minority stake in Gym King . Founded in 2015 by Jay Parker , Gym King is a U.K.-based brand of athleisure and performance wear. The deal is supposed to support Gym King’s growth and international expansion in the U.S., ...

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    L Catterton reportedly mulls IPO

    2021-07-22T09:18:00Z

    L Catterton , the U.S.-based equity investment group partly owned by LVMH and the family holding company of its CEO, Bernard Arnault , has been conducting preliminary discussions with banks about a possible initial public offering, according to Reuters . The investment group’s assets of more than $28 ...

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    Echelon Fitness contemplates financial options

    2021-07-20T17:19:00Z

    Echelon Fitness , a direct competitor of Peloton Interactive in the connected home fitness market, is evaluating new options to raise its valuation, according to Bloomberg , as its revenues are expected to more than double this year after rising by about 500 percent in 2020 to around $100 ...

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    Signa Group company places a green bond

    2021-07-19T14:47:00Z

    Signa Development Selection ( SDS ), a real estate investment company that belongs to Signa Holding , has successfully issued its first green bond. The €300 million bond carries a five-year maturity and a coupon of 5.50 percent a year. Placed with mainly European institutional investor, it was significantly ...

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    Pomoca builds new headquarters and production site

    2021-07-19T09:28:00Z

    Pomoca , a specialist in ski mountaineering skins that has been part of the Oberalp Group since 2011, is building a new factory and a new head office in Chavornay, about 25 km north of its current production and administration site in Denges, near Lausanne, Switzerland. According to a ...

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    News briefs

    USWE acquires VOID Cycling from Tenson

    2021-07-19T09:26:00Z

    On July 16, USWE Sports , a company founded in Skåne, Sweden, in 2007, signed an agreement to acquire VOID Cycling , founded in Gothenburg in 2014, from Tenson and Color Group . Both USWE and VOID are strong in e-commerce and have each established a global presence. The ...

  • Article

    One more step toward the sale of Go Sport

    2021-07-16T17:23:00Z

    French anti-trust authorities have authorized the proposed takeover of Groupe Go Sport , one of the major sports retailers in France, by Financière Immobilière Bordelaise ( FIB ), a real estate-based investment fund controlled by a rich businessman in Bordeaux, Michel Ohayon , who has already acquired other retail operations ...

  • News briefs

    Fabletics reportedly exploring IPO

    2021-07-16T16:45:00Z

    Fabletics , the workout-apparel brand backed by the American actress Kate Hudson , is reportedly working with banks to prepare for an initial public offering (IPO) that should raise about $500 million and value the business at more than $5 billion. The Wall Street Journal reported that the company, ...

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    Article

    Danish Sportmaster fit for Nordic expansion

    2021-07-15T17:19:00Z

    The Russian-based Sportmaster Group says that all the financial parameters were positive last year for the Danish sporting goods retail chain by the same name, which it took over in December 2019. Declining to provide any details about the subject, it also said that Sportmaster Denmark and its ...

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    La Passione closes another funding round

    2021-07-15T09:41:00Z

    A six-year-old Italian DTC cycling apparel brand, La Passione Cycling Couture ( La Passione Srl ), has raised €7 million in another round of financing. The cash injection comes partially from existing investors – Milano Investment Partner ( MIP ), Club Italia Investimenti 2 , Club Digitale ...

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    Keen opens factory in the Dominican Republic

    2021-07-15T09:40:00Z

    Keen Footwear announced the opening of a sandal-focused factory in the Dominican Republic with 5,100 square meters of manufacturing space. The plant, located in Santiago, will produce some of the Portland-based company’s footwear, led by the Newport H2 sandal. It will have an initial annual capacity of 500,000 pairs, ...

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    News briefs

    Canadian industry veterans launch Norda, a new sustainable brand of running shoes

    2021-07-14T10:10:00Z

    norda™ , a young and innovative Canadian brand of running shoes, introduced the first seamless trail running shoe made from bio-based Dyneema® fiber. There are no plans for this new brand to move into road running in the near future. Norda is the brainchild of Willamina and ...

  • News briefs

    Ochsner pulls out of the German market

    2021-07-14T10:09:00Z

    Ochsner Sport , the big Swiss sporting goods retail chain owned by the Deichmann group, is withdrawing from the German market, parting with its nine remaining Sport Sperk stores in the country, according to Textilwirtschaft . Six of them, with a total of around 7,500 square meters ...

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    Skiset strenghtens its position in ski rentals with Skimium's acquisition

    2021-07-13T13:11:00Z

    Skiset , the international ski and snowboard rental company based in France, has acquired Ski Break and its Skimium subsidiary, as Sport Guide has first revealed. Skimium is an online ski rental business and a partner of Decathlon . Skimium was founded in 2006 by Eric Laboureix ...

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    Report: ABG and Wolverine are no longer bidding for Reebok

    2021-07-12T17:22:00Z

    The Authentic Brands Group ( ABG ) and Wolverine Worldwide have reportedly pulled out of the bidding process for Reebok , according to The New York Post . The newspaper mentioned Aug. 2 – three days before the scheduled release of Adidas’ first-half results – as the deadline ...

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    News briefs

    Europe’s first large-scale carbon frame factory is inaugurated in Portugal

    2021-07-12T09:23:00Z

    Led by Portugal’s minister of state for the economy and digital transformation, Pedro Siza Vieira , Carbon Team ’s new production facilities were officially inaugurated on July 9 in Camoia, in the Portuguese municipality of Vouzela. Carbon Team is the first European automated carbon bicycle frame factory outside Asia. Hard-tail ...

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    Shimano to raise bike component capacity by 1.5 times

    2021-07-12T09:04:00Z

    A few weeks ago, Shimano had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery at two factories in Japan, with an eye on increasing production capacity for ...

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    Article

    Klarna acquires social shopping platform Hero

    2021-07-12T08:23:00Z

    Klarna , the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero , a social shopping platform founded in 2015 and based in London and New York. The Wall Street Journal said Klarna would ...