All Corporations articles – Page 49
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News briefs
Lululemon details growth course in China
China is set to become Lululemon’s second most important market worldwide in 2026. This was specified by CEO Calvin McDonald. In an interview with China Daily he said: “Our new goal is to quadruple our international business again by 2026. The Chinese mainland will be a big part of that ...
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News briefsH&M to pull out of Russia for good
Swedish fashion chain H&M has announced its complete withdrawal from Russia. The exit won’t be cheap.
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News briefsNautilus’ JRNY members surpass 360,000, number continues to grow
Source: Nautilus JRNY Nautilus, Inc., provided an update on the growth of JRNY®, the company’s personalized connected fitness platform. As of June 30, 2022, JRNY membership exceeded 360,000, the company said, representing growth of approximately 13 percent in the seasonally slower quarter ended June 30. As a ...
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News briefsHeydude unveils new logo and look
Source: www.facebook.com/HeyDudeShoesUSA Heydude new logo After being acquired by Crocs for $2.5 billion earlier this year, the casual footwear brand Heydude has on July 11 unveiled a new logo via its social media accounts that was co-determined by the brand’s fans through focus groups in the U.S., ...
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News briefsJD Sports to build new headquarters with space for 2,000 employees
As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...
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News briefsCoDi completes acquisition of PrimaLoft
Compass Diversified (CoDi) has completed the previously announced acquisition of PrimaLoft Technologies Holdings, Inc, the parent company of PrimaLoft, from Victor Capital Partners and minority owners according to an agreement signed on June 4 of this year. The acquisition was completed for a purchase price of $530 million (excluding working ...
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News briefsKlarna starts $800m fundraising round, but drops in valuation
The Swedish financial technologies company Klarna is raising $800 million in a funding round advised by Goldman Sachs. The sum is planned to flow primarily into the company’s expansion in the U.S., where Klarna has roughly 30 million users. However, Klarna’s current valuation of $6.7 billion is a significant drop ...
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News briefsActress Priyanka Chopra and husband invest in luxury sportswear brand Perfect Moment
Perfect Moment, a luxury fashion and sportswear brand founded in 1979 in Chamonix, France, by Thierry Donard, a French racer turned filmmaker, announced that Priyanka Chopra Jonas, an award-winning actress, producer, philanthropist, activist and entrepreneur, and her husband Nick Jonas, a Grammy-nominated artist, songwriter and actor, have partnered with the ...
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ArticleDesigner Brands adds Le Tigre to growing portfolio
Ohio-based Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories and parent of the U.S. Designer Shoe Warehouse (DSW) retail chain, announced an investment in and licensing agreement with Le Tigre 360 Global. The deal adds Le Tigre to Designer ...
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News briefsPeloton exits own manufacturing, shifts to third-party provider
Peloton Interactive announced that it will discontinue all of its own manufacturing operations and expand its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp, a Taiwanese manufacturer with over 50 years of experience. The move is the next step in Peloton’s strategy to cut costs, simplify its supply chain ...
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News briefsVista’s Foresight Sports becomes Callaway Golf’s official partner for launch monitor technology
Callaway has launched a long-term plan to integrate the technology of Foresight Sports – a Vista Outdoor company – into its global brand network, including Topgolf and Toptracer. As a result, Foresight Sports, the leading developer of professional tee monitors, has become an official partner of Callaway Golf and the ...
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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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ArticleAuthentic Brands Group settles lawsuit with Bolt, becomes shareholder
Authentic Brands Group (ABG), the owner of Reebok and other global brands, has settled out of court and agreed to dismiss its lawsuit against Bolt Financial Inc. ABG said that it would continue to partner with Bolt to offer “one-click” checkout capabilities to ABG’s brands Forever 21 and Lucky Brand. ...
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ArticlePeugeot Frères Industrie acquires Julbo
Christophe and Matthieu Beaud, co-owners and CEO and managing director, respectively, of Julbo, have announced an agreement for Peugeot Frères Industry to acquire a majority stake in the family eyewear company. The Beaud family, unrelated to Jules Beaud, the founder of the company in 1888, acquired the business in the ...
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ArticleKorean F&F group to acquire Sergio Tacchini
The Korean website Newsway reports that at a board meeting on July 7, South Korean fashion conglomerate F&F agreed to acquire 100 percent of the shares in Sergio Tacchini Operations, Inc, which operates the Sergio Tacchini tennis brand, and Sergio Tacchini IP Holdings, Inc, a holding company with the brand’s ...
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News briefsVista Outdoor acquires Fox Racing
Vista Outdoor, the parent of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear fromCalifornia. The purchase price is $540 million, with the possibility of earning an additional $50 million depending ...
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News briefsAdidas to move French HQ from Strasbourg to Paris
Adidas is planning to consolidate its French teams at a single new site in Paris by 2024. The company informed the 140 staff members at its French headquarters in Strasbourg on June 30. The move means that Adidas will leave France’s Grand Est region (formerly Alsace) after more than 60 ...
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ArticleLululemon expands international presence with launch in Spain
Lululemon Athletica Inc. has announced its expansion into the Spanish market. Spain is the brand’s first new market in Europe since 2019, for which the brand credits the significant lead time needed and the company’s “Power of Three ×2” growth plan. A dedicated Spanish-language e-commerce platform will go live at ...
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News briefs
NielsenIQ and GfK announce planned company merger
The two global data and analytics service providers NielsenIQ and GfK SE announced their planned merger. The step will create new opportunities for both companies in the area of retail and consumer analytics. Using advanced cloud technologies, NielsenIQ and GfK will be able to combine their complementary data and analytics ...
