All Corporations articles – Page 53
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News briefs
Alpex acquires NT Majocchi
Alpex Protection has acquired NT Majocchi, an Italian developer of performance textile solutions for sports and work apparel based in Tavernerio, near Como. Alpex is a French technical textiles manufacturer headquartered in Saint-Chamond, in the Loire department. InnovaFonds, an independent management company, acquired a majority stake in Alpex in October ...
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News briefsItochu acquires stake in Under Armour’s exclusive Japanese distributor
Tokyo-based Itochu Corporation, one of Japan’s largest trading corporations, announced on April 5 that it has agreed to acquire a majority of the outstanding shares of Dome Corporation, also based in Tokyo and Under Armour’s exclusive Japanese distributor. Dome will be managed in the future by Itochu and Under Armour, ...
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News briefs
Fairbrics raises €6.5 million to develop carbon-neutral fabrics
Fairbrics, a French sustainable textile start-up, has raised more than €6.5 million in pre-Series A funding. AP Ventures lead the financing round. H&M CO:LAB, the venture capital arm of the H&M Group, joined the round alongside existing investors, including Sake Bosch. Fairbrics creates carbon-neutral fabrics for the fashion industry. The ...
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News briefs
Centr, Inspire Fitness merger has Hollywood, Amazon components
The Aussie actor who plays Thor and the brother of Amazon founder Jeff Bezos have teamed up to create a new health and wellness platform with global aspirations. HighPost Capital, a private equity firm led by David Moross and Mark Bezos, has acquired Centr, a digital fitness platform founded by ...
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News briefs
Revo expands golf division to include racquet sports
Revo is now including racquet sports within its golf division and has expanded its team of tennis representatives by six – in response, it says, to “industry growth in the golf, tennis and pickleball categories.” The sunglass and goggle brand’s Light Management System for lenses is derived from techniques developed ...
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News briefs
RocRoi buys majority stake in UR Pirineos
According to CMDsport, RocRoi of Catalonia has acquired a majority stake in UR Pirineos of Aragon, which offers both all manner of outdoor activities (rafting, paintball, climbing, etc.) and training in them (rescue operations included). The move should turn RocRoi into the largest purveyor of adventure sports in southern Europe. ...
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ArticleU.S. activewear brand Vuori expands into Europe, Australia and Canada
California-based activewear brand Vuori is launching in the U.K., France, Germany, Ireland, the Netherlands, Australia and Canada, marking the first steps in a global rollout announced in late 2021. Consumers in these countries will be able to purchase the brand’s products from country-specific brand web stores. In select markets, Vuori ...
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News briefsMoody’s lowers Boardriders’ debt rating
Moody’s has lowered the corporate family rating of the parent company of Quiksilver, Boardriders, Element, Roxy, RVCA and DC Shoes from Caa1 to Caa2 and the senior secured credit facility rating from B3 to Caa1. The rating agency cited weak credit metrics, including a leverage ratio of nearly 8x and ...
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News briefsFootwear start-up Hylo raises €2.9 million for low-CO2 vegan shoes
The U.K.-based brand Hylo Athletics, co-founded by ex-football professional Michael Doughty in 2020, has secured €2.9 million in a Series A funding round for its vegan-friendly sneakers that are made with natural rubber, cotton, algae and corn fiber. The company claims the “corn runners” have a 52 percent lower carbon ...
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News briefsNew Balance opens fifth North American factory
New Balance has opened its 80,000-square-foot “Factory of the Future” in Methuen, Mass. for production of its Made 990v5 model. The Methuen plant, which underwent a roughly $20 million renovation, is the company’s fifth factory in North America. All five factories contribute to the production of “New Balance Made” sneakers, ...
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News briefsDainese wants to grow in Asia and the U.S. while doubling revenues
In a recent interview with Italian newspaper La Stampa on March 21, Cristiano Silei, who has been at the head of Dainese for the last seven years, said that the company is putting growth in Asia and the U.S. at the heart of its expansion plans. The brand is already ...
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ArticleRe-commerce market leader momox increases revenue to €335 million in 2021
The Germany-based, European re-commerce market leader momox continues to be on a growth course and looks back on a successful business year 2021 with an increase in sales to € 335 million. The focus of the past fiscal year at momox AG – the transformation of momox GmbH to a ...
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News briefs
Circle Sportswear raises €2.5 million
Circle Sportswear, a French start-up, has raised €2.5 million in new funding round, less than one year after raising €1 million in April 2021. The new funds will support product innovation and the expansion of the company’s presence in markets across Europe and the U.S. Founded by Romain Trébuil and ...
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ArticleRussia’s Sportmaster set to exit Denmark and Poland
The Singapore-based parent company of the Sportmaster Group, whose eponymous retail chain is the largest sporting goods retailer in Russia, has decided to divest the retail chains that it had acquired in Poland and Denmark in the last years as part of a wider geographic diversification. It already sold its ...
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News briefs
Balance Athletica to change name to Vitality
Balance Athletica, a Denver-based athleisure brand founded in 2018, has announced that it will change its name to Vitality. The announcement follows a trademark infringement lawsuit filed by New Balance in the U.S. District Court of Massachusetts in November 2020. New Balance claimed that Balance Athletica used a “confusingly similar ...
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News briefsiFIT launches iFIT Adventures, offering real-life excursions to iFIT workout destinations
iFIT, a specialist in connected fitness software, content and equipment, has announced the launch of iFIT Adventures, a new series of in-person travel fitness experiences that allow members to explore destinations around the globe. iFIT Adventures, led by iFIT’s in-demand trainers, are all-inclusive travel experiences that enable members to move ...
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News briefsCanada Goose accelerates expansion in the Japanese market
Canada Goose Holdings and its longtime Japanese partner Sazaby League Ltd. have reached an agreement to establish the Canada Goose Japan joint venture to accelerate DTC expansion, including retail stores. The agreement will replace an existing exclusive national distribution agreement between Sazaby League and the Canadian luxury outdoor brand. Beginning ...
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News briefsSlinger with losses in Q3 shortly before anticipated app launch
Sports technology company Slinger, known for the Slinger Bag, reported a net loss for the third quarter ended Jan. 31 that widened 84 percent to $2.37 million from $1.29 million on a 2 percent increase in revenue to $4.20 million from $4.12 million. Slinger sold more than 7,200 tennis ball ...
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News briefsAlibaba Group upsizes share repurchase, appoints new independent director to board
The Alibaba Group Holding’s board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion, in a sign of confidence about the company’s continued growth in the future. The Share Repurchase Program will be effective for a two-year period through March 2024. As of March 18, ...
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News briefsTriathlon apparel brand Tri-Fit makes its international debut
Tri-Fit, an Australian triathlon clothing brand, is expanding to the global market. Tri-Fit was originally created by Simon Bennett in 2013 in Sydney as a group fitness facility aimed at endurance athletes. In 2017, when Bennett was joined by his friend, triathlete and Ironman finisher Dan Evans, the brand shifted ...
