All Corporations articles – Page 47
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ArticleWomen’s football in Europe to grow sixfold in commercial value by 2033
UEFA has launched a new report highlighting the potential for growth in the European women’s club and league game over the next decade. According to the report titled The Business Case for Women’s Football, women’s football could see a six-fold increase in its commercial value over the next decade, reaching ...
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News briefs
Ski base manufacturer Isosport buys Romanian factory from Novo Tech
Eisenstadt, Austria-based plastics composites manufacturer Isosport has acquired Polish plastics specialist Novo Tech’s factory in Oradea, western Romania, for an undisclosed price, deal advisor Nestor Nestor Diculescu Kingston Petersen told Snow Industry News earlier this week. Isosport is the world leader in innovative plastic solutions for the ski, snowboard and ...
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News briefsHanesbrands’ ransomware attack cost $100 million in sales
Hanesbrands’ ability to order materials, make and ship orders, and process payments was negatively impacted during its second quarter due to a ransomware attack on the company’s information technology systems that was identified on May 24. The company was unable to fill customer orders for about three weeks. The Champion ...
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News briefsMore job cuts coming to Peloton Interactive
Peloton Interactive, slated to report fourth-quarter results on Aug. 25, will reportedly slash its customer support team based in Plano, Texas and Tempe, Arizona in half, eliminating nearly 800 positions, and outsource its “final-mile delivery” to third-party providers. The action, as first reported late last week by Bloomberg and the ...
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News briefsFrasers Group sells ‘some’ retail parks for £205m
Frasers Group said it has completed the sale of some retail parks for £205 million (€242m). The company, which owns the Sports Direct and House of Fraser chains, said the disposal included a number of freehold and long leasehold retail parks held by its wholly-owned subsidiaries to RI UK 1 ...
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News briefsJD Sports’ new chairman buys £400,000 in shares
Andrew Higginson, JD Sports’ new chairman, has reportedly purchased nearly £400,000 (€471,700) worth of shares in the retailer. Higginson joined JD Sports in late July following the departure of Peter Cowgill, who had served as the retailer’s CEO and executive chair since 2004.
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Article
Silver Lake to acquire Diamond Baseball Holdings
Endeavor Group Holdings has entered into a definitive agreement to sell Diamond Baseball Holdings (DBH), owner of ten Minor League clubs affiliated with six Major League Baseball (MLB) clubs: the Chicago Cubs, New York Yankees, San Jose Giants, San Francisco Giants, Atlanta Braves and Los Angeles Dodgers. The buyer is ...
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ArticleTenson sells ColourWear to Swedish Active Brands Group
Sweden-based Active Brands Group Scandinavia AB (not to be confused with Oslo, Norway-based Active Brands AS) announced the acquisition of ColourWear from Tenson, expanding its product portfolio in the board and ski apparel market and strengthening its position as a global distributor of consumer, health and sports brands. ColourWear was ...
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News briefsDescente increases stake in Ningbo Le Coq Sportif
Japanese sportswear and accessories company Descente Ltd. announced in a notice to shareholders that it has increased its stake in Le Coq Sportif (Ningbo) Co. Ltd. (NLCS). NLCS was established by Sugiei and Itochu Textile (China) Co., Ltd. (ITS), a subsidiary of Itochu Corporation, in 2004 to expand the brand’s ...
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News briefsThe Athlete’s Foot announces Joe Delphry’s seven store franchise transition
The Athlete’s Foot (TAF) announced that Joe Delphry, a TAF franchise owner since 1999, has transitioned his seven stores to The Dahir Group. Delphry and The Dahir Group’s Shady Dahir have been friends for years, a press release states, and TAF is “thrilled that the legacy of Joe’s stores will ...
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ArticleArchroma takes over Textile Effects business from Huntsman
The Swiss chemical solutions company Archroma (part of the U.S.-based investment firm SK Capital Partners) has entered into a definitive agreement to acquire the Textile Effects business from Huntsman Corporation. Huntsman Textile Effects was in the OIC news lately for its new PFC-free water repellent. The total enterprise value of ...
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News briefs
Correction
In our article “Japanese e-commerce company to acquire majority stake in Phenix owner” (July 27), we incorrectly stated that Shiffon Co., Ltd. is the “owner of Phenix” while Shiffon Co., Ltd. is merely the Phenix licensee for its worldwide sales territories except for China. We apologize for this mistake and ...
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News briefsBen Hogan Golf Equipment Company closes down
Ben Hogan Golf Equipment Company ceased trading on July 22, citing supply and financial constraints caused by the Covid-19 pandemic as reasons for the decision. ExWorksCapital had been the majority shareholder for the Texas-based company since its relaunch in 2017 after it originally ceased trading in 2015. ExWorks Financial filed ...
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News briefsAdidas supplier NTX closes $200 million funding round
The textile technology company NTX, based in Singapore and Shanghai, has completed the funding of nearly $200 million in a C2 financing round led by Centurium Capital, with additional contributions from existing shareholder NRL Capital. Index Capital served as the exclusive financial advisor. According to a company release, the funding ...
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News briefsAcon Investments Fund invests another $700 million in New Era Cap
Acon Investments, a Washington, D.C.-based private equity firm, today announced the closing of Acon Strategic Partners II, a new single-asset continuation fund of approximately $700 million in connection with the partial sale of the Acon Equity Partners IV portfolio investment to and the increase of the existing investment in New ...
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ArticleZalando publishes Q2 figures and reveals adjustment plans to improve order economics
With the release of its second quarter 2022 figures, Zalando has expressed confidence in returning to profitability in the second half of 2022 with a set of measures to address the volatile market environment. In the second quarter of 2022, the number of active Zalando customers grew to over 49 ...
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News briefsAllbirds lays off 3% of its employees
Allbirds, the San Francisco-based DTC footwear brand that went public in 2021, confirmed that it is laying off 23 employees. The layoffs were first posted on startup layoff portal Layoffs.fyi and then reported by SFGATE.com. “We have thoughtfully evaluated roles and processes in each department, and each market, to ensure ...
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News briefsXponential Fitness signs master franchise agreement with CycleBar for Japan
Xponential Fitness, a global franchisor of boutique fitness brands based in California, has signed a master franchise agreement in Japan for the indoor cycling brand CycleBar. The deal, signed with Xponential’s master franchisee for Club Pilates in Japan, allows the new master franchisee to license at least 30 CycleBar studios ...
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News briefsSportsArt announces worldwide fitness partnership with Accor Group
Source: SportsArt Ruben Mejia, executive vice president, SportsArt Americas SportsArt, a U.S. provider of fitness solutions, has been chosen by Astore – the French multinational hospitality company Accor Group’s procurement organization – as a global preferred vendor outfitting their fitness centers with SportsArt’s patented ECO-POWR cardio equipment. ...
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News briefsJD Sports Fashion divests Footasylum to Aurelius Group
JD Sports Fashion has exchanged contracts on July 29, 2022, to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for £37.5 million (€44.7m). Aurelius is a pan-European private equity group with offices in Luxembourg, Munich, London, Stockholm, Madrid, Milan and Amsterdam and over 40 international portfolio companies. The ...
