All Corporations articles – Page 59
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News briefs
Big variations in SSU’s market capitalization
Signa Sports United, the German-based parent of Tennis-Point and an array of online bicycle webstores, saw its share price close at €9.93 on Dec. 15, its first day of trading on the New York Stock Exchange. The stock price rose to €10.25 in after-hours trading. A total of 137,481 shares ...
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News briefsNew business plan for Polygiene
The board of directors and the management of Polygiene, the Swedish ingredient brand supplier, have set new financial targets for the 5-year period from 2022 to 2026. According to the new business plan, Polygiene should achieve net sales of more than SEK 1 billion (€98.6 million) and an Ebit ...
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Article
New Era Cap is refinancing itself
New Era Cap wants to refinance its existing debt, including the convertible bonds held by a minority shareholder, ACON Investments, after scoring major improvements in sales and profits in the last few months. The actual revenues of the U.S.-based headwear and apparel company, controlled by the Koch family since its ...
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ArticleSigna Sports United goes public with a valuation of $3.0 billion
Signa Sports United (SSU), which has become the largest dedicated sports e-tailer in the world, started trading on the New York Stock Exchange on Dec. 15 with an opening price of $9.07 per share, down from an issue price of $9.43, which gave the company a valuation of $3.13 billion. ...
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ArticlePadel Nuestro acquires Definitely Time2padel
The Spanish specialty retailer Padel Nuestro has achieved worldwide retail domination in the sport of pádel, following its acquisition over the past two weeks of Definetely Time2padel, along with its Time2padel and Padelmania banners and its Mystica brand of paddles. The terms and the price paid remain undisclosed. The company, ...
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ArticleNike acquires a London-based digital assets producer, RTFKT
Nike has acquired RTFKT (pronounced “artifact”), which the sportwear giant describes in its press release as delivering “next generation collectibles that merge culture and gaming.” The terms of the deal will not be disclosed, said NIke. Founded as a company as recently as January 2020 – by Benoit Pagotto, ...
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Article
YAC shareholders voting on combination with SSU
Signa Sports United (SSU) and Yucaipa Acquisition Corp. (YAC) said they expected to complete their planned business combination on Dec. 14, following approval by YAC shareholders at an extraordinary general meeting on Dec. 13. The transaction was expected to generate gross proceeds of at least $484 million, coming mainly from ...
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ArticleSpain's Tréndico annexes an 11-store chain
The Tréndico buying group – which has come in seventh among Spain’s largest sports retailers in our recent ranking – has completed a two-year initiative and fully absorbed Grupo Rico, a smaller operation headquartered in the town of Parla, outside Madrid. Ricosport, which enjoys a strong position in the Madrid ...
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News briefs
More concentration in the German media market
Accelerated by the Covid pandemic, which has reduced the sports brands’ budget for national B2B advertising, the number of German retailer-oriented trade publications operating in the German sporting goods market has been cut from three to one over a span of just five years. The Ebner Media Group (EMG) has ...
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ArticleGood 11-month results allow Accell to repay government Covid credit facility
The company’s growth in sales and profits so far this year will allow the Accell Group to fully repay its “Go-C” credit facility, issued during the Covid-19 pandemic, before the end of 2021. In this context, the Dutch company has also converted its existing revolving credit facility (“RCF”) from seasonal ...
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Article
Spektrum gets new financing to diversify and internalize
Spektrum, the Swedish-based brand of ski goggles and sunglasses, has raised 18 million Swedish kronor (€1.7m-$2.0m) from new partners in order to finance its future international development and the diversification of its product portfolio in the safety equipment sector, including helmets. Spektrum was founded in 2012 by a group ...
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News briefs
CCM Hockey’s parent acquires two brands of figure, roller and inline skates
Sport Maska, owner of the CCM Hockey brand, has acquired Tournament Sports Marketing. Headquartered in Cambridge, Ontario, Tournament owns the Jackson Ultima brand of figure skates and the Atom brand of roller and inline skates. Marrouane Nabih, Sport Maska’s CEO, calls it “a strategic acquisition that allows us to expand ...
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Article
Rallye sells Go Sport for one euro
Rallye is putting an end to its involvement in sporting goods retailing with the sale of Groupe Go Sport to Hermione People & Brands (HPB), which is now expected to be completed by Dec. 10. HPB has agreed to pay only one symbolic euro for the business, which is said ...
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ArticleZegna launches outdoor and ski capsule before its IPO
Source: Zegna New Zegna logo Zegna has unveiled The Outdoor Capsule, describing the line as “performance apparel and ski gear for big and small outings with elegant style.” The capsule’s exclusive pieces include ski helmets from Zegna and Kask, performance footwear from Zegna and La Sportiva, water ...
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News briefs
Puma boosts shoe production in Argentina
Puma added two more production lines to its footwear factory in Argentina last month, in addition to the three lines that it had incorporated there earlier this year, in order to raise its annual capacity from 1.4 to 2.4 million pairs. Located at La Rioja, the plant is run by ...
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ArticleS&P compares Reebok to Champion
Standard & Poor’s confirmed its B issuer credit rating for the Authentic Brands Group (ABG) after its decision to bring in two new investors, HPS Investment Partners and CVC Capital, instead of raising new capital by going public. As reported, they both purchased some of the existing shareholders’ shares. Instead, ...
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ArticleBogner teams up with Bosideng for China
Bogner has signed a joint venture agreement with a subsidiary of Bosideng International Holdings, a leading Chinese apparel group, to establish a strong presence for the Bogner and Fire+Ice brands in the Greater China area with the support of experienced managers. The business plan calls for strong social media activities ...
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ArticleSnipes snaps up the Jimmy Jazz chain in the U.S.
Snipes, the sneaker retail chain owned by the Deichmann Group, has agreed to acquire Jimmy Jazz, an American chain of sneaker stores with a hip-hop vibe and headquarters in Secaucus, New Jersey. The deal was signed on Dec. 1 and should close before the year is out. Terms remain undisclosed. ...
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News briefs
Adidas cancels over 8 million treasury shares after stock buy-backs
After completing its share repurchase program for the year, Adidas says it has proceeded to cancel 8,316,186 shares held in treasury, reducing the share count from 200,416,186 to 192,100,000. In its second tranche of the program, which ran from Oct. 18 to Nov. 25, the company bought back 1,619,683 shares ...
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News briefs
Frasers expands its credit facility, reports more treasury shares
Frasers Group, the British parent of Sports Direct, announced that it has entered into a new term loan and credit facility with its bankers that allows it to borrow up to an aggregate amount of £930 million (€1,093m-$1,237m) over the next three years, with an option to extend it for ...
