All Corporations articles – Page 107
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Started in Detroit just two years ago as a marketplace...
Started in Detroit just two years ago as a marketplace for second-hand sneakers, Stockx has secured $44 million from GV and Battery Ventures, with the stated purpose of expanding its business in international markets. Tech Crunch reports that the company has grown to more than $2 million in daily transactions ...
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L-Gam Advisors, a company based in Luxembourg, has struck an...
L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in ...
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VF Corporation is making a further adjustment to its brand...
VF Corporation is making a further adjustment to its brand portfolio with a definitive agreement to sell its Reef brand of beach lifestyle products to the Rockport Group, which also holds the Aravon and Dunham brands Rockport, which is now run by Gregg Ribatt, was recently taken over by ...
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There is still no word about the position of Amer...
There is still no word about the position of Amer Sports' board of directors on the proposed all-cash bid for the group by Anta Sports Products and FountainVest Partners (see our previous issue). Amer reported on Sept. 17 that one of its major shareholders, the AXA insurance group, reduced its ...
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Decathlon made a successful test of a new logistic system...
Decathlon made a successful test of a new logistic system using a river boat in July, complementing its tests on a railroad link with its production sites in China, which began last November. A train carried 36 Decathlon containers from the Chinese province of Wuhan to Duisburg in Germany, where ...
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Cherokee Brands, the owner of the Hi-Tec Sports brand, has...
Cherokee Brands, the owner of the Hi-Tec Sports brand, has signed a new three-year financing agreement for $40 million with Gordon Brother Finance. Giving the company a much-needed cash infusion of $5.5 million, Cherokee has also increased the subordinated interest in its former credit facility by $2.0 million to $13.5 ...
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Netshoes, the loss-making e-tailer of sporting goods based in Brazil...
Netshoes, the loss-making e-tailer of sporting goods based in Brazil (see our previous issue), has asked Goldman Sachs to help it find a new investor as its net cash position has fallen to €19 million and its current main owners, Tiger Management Corp. of the U.S. and Singapore's GIC Fund, ...
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Descente and Wacoal have announced an alliance aimed at strengthening...
Descente and Wacoal have announced an alliance aimed at strengthening both companies' domestic and international growth, benefiting from their expertise in sportswear and fashion, respectively. The two Japanese companies will work on new opportunities in the athleisure market as well as new brand concepts. The alliance envisages collaboration around compression ...
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Adidas placed a series of equity-neutral convertible bonds worth a...
Adidas placed a series of equity-neutral convertible bonds worth a total of €500 million on Sept. 5. The transaction was 2.7 times oversubscribed. The convertible bonds mature in five years with a coupon of 0.05 percent. The issue price was set at 104 percent of the nominal value of €200,000 ...
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Short stops
Equistone Partners Europe is negotiating the possible acquisition of the...
Equistone Partners Europe is negotiating the possible acquisition of the Courir chain of athletic footwear stores from the French Go Sport Group, according to a French magazine, Challenges
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Short stops
Puma has leased 29,000 square feet of space at 5...
Puma has leased 29,000 square feet of space at 5 Penn Plaza in New York City for the new location of its local office
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Vista Outdoor's management indicated that it will likely sell its...
Vista Outdoor's management indicated that it will likely sell its Savage brand of firearms before the planned divestiture of its sports protection unit, which includes Giro, Bell and Blackburn. As previously reported, it has already signed an agreement for the sale of Bollé, Cébé and Serengeti to an investment fund, ...
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Schöffel has opened an office in Hanoi, Vietnam, in order...
Schöffel has opened an office in Hanoi, Vietnam, in order to strengthen its relations with production partners in Southeast Asia. Until now, Schöffel's employees were traveling to see them in Vietnam and other countries for a constant exchange of information. The majority of Schöffel's products are made in Vietnam. Through ...
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A group of ten investors has set up a new...
A group of ten investors has set up a new market research consultancy in the U.K., the SMS Sports Consulting Group chaired by Stephen Proctor, founder and president of SMS Marketing Surveys. The investors, who include SMS and other consultants with expertise in golf, tennis, rugby and football, sports tourism, ...
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Heinz Kettler, the leading German manufacturer of home fitness equipment...
Heinz Kettler, the leading German manufacturer of home fitness equipment and other products, filed for self-managed insolvency in mid-July after the company's foundation declined to endorse a sale of the company to an investment firm, Altera Capital. According to German press reports, the foundation disagrees with certain clauses in the ...
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As a first step in its divestiture plan, last month...
As a first step in its divestiture plan, last month Vista Outdoor sold its Bollé, Cébé and Serengeti brands of sunglasses to Antelope Brands Bidco, an entity affiliated with an American private equity fund, A&M Capital Partners, which recently opened a branch in London. The transaction was closed for $158 ...
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Nike is moving its German office from Frankfurt to Berlin,...
Nike is moving its German office from Frankfurt to Berlin, according to Handelsblatt. Located in the so-called Bikini building on Breitscheidplatz, it would combine existing operations in the German capital including a showroom in Schöneberg. Berlin is one of the 12 key cities in the world where it wants to ...
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Columbia Sportswear's board of directors has authorized the company to...
Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, it ...
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An American investment company, Charlesbank Capital Partners, has been allowed...
An American investment company, Charlesbank Capital Partners, has been allowed by a bankruptcy court to take over the Rockport Group through an affiliate, including the Aravon and Dunham brands that previously belonged to New Balance. The deal was made possible after the settlement of claims made by the Adidas Group, ...
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Adidas and Ikea have initiated a strategic collaboration to learn...
Adidas and Ikea have initiated a strategic collaboration to learn more about people's interests in terms of active lifestyles and training, in order to possibly connect them with different housing solutions. In a press release, Ikea says that the two companies want to encourage people to choose good living patterns ...
