All Corporations articles – Page 44
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News briefsAnta to build international operations center in Suzhou
Sports group Anta, headquartered in China’s Fujian province, is planning to build an international operations center in the city of Suzhou, the trade publication Sportstextiles has reported. The new 160,000-square-meter center will be built within the China–Singapore Suzhou Industrial Park, also known as Suzhou Industrial Park. The total investment will ...
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News briefsTherabody announces $165 million growth equity round
Wellness technology firm Therabody has announced the close of its growth equity round with a total financial backing of $165 million. The capital raise, led by private equity firm North Castle Partners, includes existing investors such as Kevin Hart’s HartBeat Ventures and Aaron Rodgers’ Rx3 Ventures. J.P. Morgan served as ...
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News briefsSpoon Group raises £740,000
Spoon Group, the bespoke bike company that owns the WyndyMilla and Spoons Customs brands as well as custom paint shop Gun Control Paint, has closed a financing round worth £740,000 (€845,575). A private round that brought in nearly £300,000 in new investment was followed by funding from long-term debt partner ...
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News briefs
Kanye West’s company files new trademarks for apparel, accessories and services
Kanye West’s company Mascotte Holdings has just filed new trademarks for Donda Sports merchandise, TMZ has revealed in an exclusive report. According to the report, Mascotte has filed new trademarks for such apparel as T-shirts, jackets and hats, as well as shoes and a range of accessories, including fanny packs, ...
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News briefs
Lululemon founder announces C$100 million private donation for the environment
Chip Wilson, the founder of Lululemon Athletica, and his wife, Summer, have revealed a donating of 100 million Canadian dollars (€75.2 million) donation to BC Parks Foundation through Wilson 5, their private foundation. The money will support the preservation and development of wilderness in British Columbia’s natural regions, focusing on ...
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News briefsDanish start-up Kollektiv raises €1.5 million in pre-seed funding
Kollektiv, a training app co-founded by Danish Olympic triathlete Helle Frederiksen and her husband Ben Powell-Frederiksen, has raised €1.5 million in pre-seed funding. The round was co-led by Copenhagen-based Ugly Duckling Ventures and VF Ventures, with participation from former BBC media executive Kerstin Mogull. Founded in 2020, Kollektiv is building ...
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ArticleKanye West seeks to part ways with Gap
As our colleagues at the American edition of SGI are reporting, Kanye West has instructed his attorneys to cite breach of contract and end his deal with Gap. The rapper turned apparel and footwear designer has been badmouthing the company on Instagram as well as in the press, notably in ...
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News briefsOn opens new global headquarters and flagship store
The Swiss company On opened its new campus and global headquarters named On Labs, located in Zurich and offering space for roughly 1,000 employees (to date filled with the On staff of 700). Also, part of the building with a total size of 15,000 sqm is Europe’s first On flagship ...
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News briefs
Tonal seeks to raise $100 million in financing
Bloomberg reported that Tonal Systems is seeking $100 million in financing in a deal that would value the company at $1.9 billion. The home fitness start-up, launched in 2015 and based in San Francisco, has previously raised money from athletes including Serena Williams, LeBron James, Drew Brees and Mike Tyson. ...
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News briefsCalifornia ski boot company seeks buyer to further expand business
The CEO of Mad Jack Snowsports, Kristin Mehiel, has announced that she intends to sell the company to give it the opportunity to grow further. The California-based company has in the past launched a novel ski boot that allows users to ski with the comfort of a snowboard boot: the ...
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ArticleThe Chouinard family transfers ownership of Patagonia: "Earth is now our only shareholder"
Source: Campbell Brewer Yvon Chouinard Nearly 50 years after founding Patagonia, Yvon Chouinard and his family (along with his children Claire and Fletcher) have decided to give away their company to ensure that all proceeds are used to fight climate change. The Chouinard family has transferred all ...
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News briefsSport 2000 Austria celebrates 50th anniversary
Over the past 50 years, Sport 2000 Austria has developed from a small garage with ten retailers to Austria’s largest sports retailer community with currently 232 retailers. Sport 2000 Austria employs around 3,450 people and will achieve a projected turnover of 700 million euros in its anniversary year (estimate based ...
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News briefsEquip App raises CHF 5 million to revolutionize access to sports
Geneva-based private equity firm The New Frontiers (TNF) led the 5 million Swiss francs funding round for Equip, a self-service rental app founded in 2021 that promises to fundamentally change the way sports are played at the local level. Equip was born in Switzerland in 2021 out of a desire ...
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News briefsBasicNet to open “Basic Village” in Milan
Italian group BasicNet will open its “Basic Village” in Milan on Sep. 21 during Fashion Week. The 4,500-square meter space will feature offices, showrooms, restaurants, commercial activities and lofts. BasicNet Group is the parent company of the Kappa, K-Way, Sebago and Superga brands. K-Way accounts for 65 to 70 percent ...
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ArticleGymshark opens first brick-and-mortar store
Gymshark has announced it will open its previously announced flagship store on Regent Street in London on Oct. 1. This first-ever brick-and-mortar store for the British brand will span around 1,700 square meters and feature several other functions in addition to the sale of Gymshark products and apparel. For example, ...
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News briefsLululemon at Club Pilates studios in Spain
Lululemon has begun distributing its products at the Club Pilates studios in Spain, Palco23 has reported. The Canadian athletic apparel retailer already has similar agreements with Club Pilates in other countries, including the U.K. and U.S. Club Pilates, which is owned by California-based Xponential Fitness, which currently has three studios ...
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News briefsAndrés Iniesta launches new sportswear brand Capitten
Spanish footballer Andrés Iniesta has launched Capitten, a new sportswear brand. Capitten’s debut line features the One 888, the flagship product of the brand’s collection. It’s a limited-edition football boot for adults and children, designed in partnership with Japanese firm Shimpei Inoue and inspired by the 1980s. The shoe is ...
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News briefs
Partnership between Porsche and Red Bull does not materialize
In the course of a possible Formula 1 entry by Porsche, Porsche AG and Red Bull have held talks in recent months. Both companies have jointly concluded that these talks will not be continued, Porsche said in a press release. The premise was always a partnership at eye level, including ...
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News briefsSkechers expects situation in China to ease
Skechers still sees the international market as key to its goal of reaching $10 billion in sales by 2026, despite ongoing headwinds in China. The company said at the Goldman Sachs Global Retailing Conference that it expects the situation in the People’s Republic to improve within two quarters. It will ...
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ArticleCanada Goose shows optimism about consumer demand
Canada Goose is optimistic that its fiscal 2023 income statement will not include any red figures, as its luxury consumer base remains relatively unfazed by the market’s current woes. At the Goldman Sachs Global Retailing Conference, the company said the North American market will remain very healthy in 2023, while ...
