All Corporations articles – Page 50
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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 ...
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ArticleOdlo acquires British sailing brand Henri-Lloyd
Source: Odlo Knut Are Hogberg, CEO of Odlo Odlo has announced the acquisition of 60-year-old British sailing brand Henri-Lloyd, apparel partner of the GBR Sail GP team and Ineos Britannia. The acquisition comes just months after Odlo bought Janus, a merino apparel manufacturer, and underscores Odlo’s commitment ...
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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News briefsClif Bar launches incubator, introduces dog snacks
Clif Bar & Company announced the formation of the Trailblazers Incubator, an internal new venture group designed to create breakthrough innovations and sustainable business opportunities. Based at Clif Bar’s headquarters in Emeryville, California, the Trailblazers team will primarily develop new growth strategies for Clif Bar. This includes expanding into new ...
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News briefsWolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc (its licensee for over 35 years) for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the ...
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News briefsU.S. startup AlgiKnit secures $13 million in Series A funding
AlgiKnit, a North Carolina-based startup with secondary offices in New York City that develops sustainable textiles from seaweed, has received $13 million in a Series A financing led by Collaborative Fund. New investors include H&M CO:LAB, the investment arm of Swedish apparel retailer H&M Group, Starlight Ventures and Third Nature ...
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News briefsStockX to lay off 8% of its workforce
According to several media reports, the sneaker marketplace StockX announced this week that it will lay off 8 percent of its workforce. The Detroit-based company employs more than 1,500 people, so the number of layoffs is likely to be 120 or more. StockX cited “macroeconomic challenges currently impacting our global ...
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ArticleThe Lycra Company announces new ownership
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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C-Suite InterviewPrivate Sport Shop and SportPursuit merge to form Sportscape Group
CEOs Adam Pikett and Sebastien Rohart gave some insights about one of e-com’s most exciting mergers in this exclusive SGI Europe interview.
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ArticleSportmaster reportedly withdraws from Poland
Go Sport, the Polish subsidiary of the Russian largest sporting goods retailer Sportmaster is pushed towards bankruptcy, the Russian newspaper Kommersant reported, citing sources close to the matter. Despite obtaining permission to sell the Polish business to British Sports Direct, Sportmaster failed to close the deal, while restrictions against the ...
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ArticleSSU outlines U.S. growth strategy
Signa Sports United (SSU) aims to strengthen its position in e-bikes and tennis in its core European market while implementing a similar approach in the U.S. through a combination of organic growth, mergers and acquisitions and third-party services, according to a presentation (direct PDF download) at the Jefferies Investor Conference ...
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C-Suite InterviewTecnifibre-CEO Nicolas Préault: “We are a player’s company”
Nicolas Préault, CEO of Tecnifibre since 2018, explains what the company’s targets are, and how they want to triple net sales until 2025.
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ArticleClosed paper mill in Finnish Lapland becomes Infinited Fibers' new factory
After talking earlier this year of plans (as reported by our sister publication, The Outdoor Industry Compass) to invest some €220 million in a new regenerated textile fiber factory – though no site had reportedly been found at the time – fashion and textile technology company Infinited Fiber Company now ...
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News briefsMondelēz to buy Clif Bar for $2.9 billion
Mondelēz International will buy Clif Bar & Company for $2.9 billion with the potential for additional payments. The goal is to complete the purchase in the third quarter. “Mondelēz International is the right partner at the right time to support Clif in our next chapter of growth,” Sally Grimes, chief ...
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ArticleOuttra establishes expert advisory board
The German software company Outtra has founded an expert advisory board that will meet quarterly to exchange ideas. Siegbert Müller, founder and managing director of Outtra, initiated the idea to further develop and enhance his company’s tools on an ongoing basis and offer additional effective benefits to all cooperating brands, ...
