All Corporations articles – Page 36
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News briefsANWR Group strengthens liquidity of affiliated retailers
As the now-restored ability to deliver and, at the same time, unusually early deliveries by manufacturers are currently leading to high inventories at many retail companies and thus to a short-term and seasonal strain on liquidity, German ANWR Group is strengthening its affiliated retailers via the Group’s own DZB Bank ...
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News briefsAnta wants shares to also be traded in Chinese currency
Anta Sports Products is applying for approval from the Hong Kong Stock Exchange to allow its shares also to be traded in the Chinese yuan renminbi (RMB) currency besides the Hong Kong dollar under the dual counter model. The group said the change would be beneficial by allowing shareholders and ...
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News briefsTikTok considers separation from Chinese parent
The short video service TikTok wants to pre-empt a possible ban in the U.S. and Europe and is considering a separation from its Chinese parent company ByteDance. As U.S. media have reportedly learned from insiders, corresponding plans are being discussed in the social media portal’s executive suite. The separation is ...
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News briefsHanesBrands completes refinancing of 2024 maturities; closes $900m Term Loan B financing
HanesBrands has completed the refinancing of the last remaining series of its 2024 notes. The company said it successfully closed on an upsized new senior secured Term Loan B facility with an aggregate principal amount of $900 million. The net proceeds from the Term Loan B facility, together with the ...
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News briefsFútbol Emotion acquires Basket Revolution
Fútbol Emotion, the Spanish sports equipment retailer specializing in football that is part of Grupo Tansley, has acquired Basket Revolution, a specialty retailer that sells basketball footwear, apparel, accessories and equipment. The financial details of the transaction have not been disclosed. As we reported just a few days ago, Fútbol ...
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News briefsPuma opens high-performance test lab near Frankfurt
Puma has unveiled the Puma Nitrolab, a new high-performance athlete testing facility developed in partnership with Hartmann Orthopedics & Sports. The facility, based at Hartmann’s near Frankfurt, provides athletes with detailed full-body insights through a series of tests and scans, including 4D Motion analysis. The results help develop customized solutions ...
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News briefsNPD and IRI unveil rebranding
IRI and NPD have unveiled a new combined company name and brand identity following their merger, which was announced in April 2022. The complex consumer behavior advisor will now be known as Circana (pronounced “Sir-kah-na”). Circana tracks millions of products spanning 2,000+ categories across 500,000+ stores in 20 countries, with ...
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News briefsGap Inc. reports drop in sales across brands, Athleta CEO steps down
Alongside reporting its fourth quarter and fiscal year (ended Jan. 28, 2023) results, Gap Inc. has announced several changes to its executive leadership teams across its daughters Old Navy, Gap, Banana Republic and Athleta. First and foremost, Mary Beth Laughton, president and CEO of Athleta, left the DTC retailer on ...
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ArticleDecathlon Germany cracks the €1 billion sales mark
The German subsidiary of Decathlon has published record sales growth of 28.4 percent in the last fiscal year, with a total of €1.06 billion in 2022. Total EBIT is 30.1 million, with outdoor, mobility, water sports and fitness being the strongest product categories (around 70 percent of total turnover). In ...
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News briefsPotential Keller Sports investor pulls out – web shop goes offline
The insolvency of Keller Sports is entering the next phase. According to a letter from insolvency administrator Christian Gerloff to Keller customers, Keller Group GmbH was unable to complete a takeover of the company by a third-party investor and has ceased operations as of March 7, 2023. The company – ...
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News briefsThe Athlete’s Foot acquires Sneakers Market S.A. in Greece
Lifestyle and footwear retailer The Athlete’s Foot (TAF) has closed the acquisition of Sneakers Market SA, a subsidiary of Fourlis Group that operates TAF stores in Greece. The deal follows the takeover of TAF globally by Arklyz Group in 2021 and marks the beginning of a new strategic direction for ...
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News briefsAuthentic Brands Group is reportedly interested in Hunter Boots
Authentic Brands Group (ABG), the owner of Reebok, is reportedly among the parties interested in Hunter Boot, according to Sky News. Neither ABG nor Hunter have confirmed the information, adds the report. Hunter, founded in 1856, is one of only ten companies to hold two royal warrants. The company is ...
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News briefsFútbol Emotion acquires Yulava Connect
Spanish sports equipment retailer Fútbol Emotion, part of Grupo Tansley, has added the Yulava Connect mobile application to its portfolio. The financial details of the transaction have not been disclosed. Yulava was founded in 2017 by Julián Ángel Daroqui and Jose María Viu. The Yulava app helps football clubs through ...
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C-Suite InterviewSteve Evers: “We’re asking the industry to take some additional risks”
Intersport CEO Steve Evers discusses business models, his successes and concerns, and why Intersport is putting pressure on the industry.
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News briefsBritish sports retailer reportedly interested in Go Sport
According to Sport Guide, which refers to “several concordant sources,” Frasers Group plans to make an offer for Go Sport, the French retailer currently undergoing a rough patch. Go Sport, which operates 223 stores in France, was placed in receivership by the Commercial Court of Grenoble in January. The court ...
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News briefsFIFA is reportedly considering taking over the Stade de France
According to French sports daily L’Equipe, FIFA is considering taking over the Stade de France after the football governing body’s president, Gianni Infantino, discussed the matter with France’s president Emmanuel Macron during a meeting in Paris last month, the report says. FIFA has, however, denied its interest in purchasing the ...
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News briefsYKK with new company logo and more
Japanese accessories specialist YKK has introduced its new corporate logo and brand motto. The company has gone through a restructuring of its business in April 2021, sharpening its focus on the fastening business, which includes zippers, snaps and buttons. According to the company, a website dedicated to the new corporate ...
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ArticlePuma CEO Arne Freundt: “We are hungry”
Alongside Puma’s positive 2022 figures, we bring you CEO Arne Freundt’s renewed strategy for growth, as told at Puma HQ on March 1, 2023
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ArticleFila celebrates 50 years in tennis and launches new junior tournament
Fila has announced a series of on-site activities and activations at the 2023 Indian Wells Masters in Southern California, also known as BNP Paribas Open, on March 6-19. Fans attending the event will experience the brand’s 50 years in tennis and the evolution of its style since 1973. Archival outfits ...
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News briefsSpanish bike-rental company has big plans
Rookfy, a bicycle-rental platform in Spain, enjoyed a satisfactory debut last year, according to chief technology officer Santiago Alonso, who spoke with CMDsport. The young company has recently added the retailer Escapa to its marketplace and joined the Spanish Association of Brands and Bicycles (Ambe). In an interview with Joanseguidor.com, ...
