All Corporations articles – Page 61
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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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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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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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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 ...
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News briefs
Adidas partners with cryptocurrency and gaming platforms
Adidas has struck partnerships with the cryptocurrency exchange Coinbase and the gaming platform The Sandbox, announcing them via Twitter on Nov. 22 and 24, respectively. The strategy behind these moves remains undisclosed, but it stands to reason that the German sportswear giant is seeking to sell branded virtual apparel and ...
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ArticleABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
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News briefs
Hydro Flask’s owner adds Osprey Packs
Helen of Troy, the American group that owns Hydro Flask and many other operations, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, the backpack manufacturer founded in California in 1974. The group said it sees synergies with its Hydro Flask drinkware ...
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News briefs
eBay buys Sneaker Con’s authentication business
On Nov. 24, eBay closed a deal to acquire the sneaker-authentication business of Sneaker Con Digital, which operates in the U.S., the U.K., Canada, Australia and Germany. Terms have not been disclosed. The companies have been collaborating since October 2020, with Sneaker Con providing a panel of experts to review ...
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Article
Snowleader moves into larger premises
Snowleader, a leading online retailer of outdoor and snow sports products based in the Savoy region of France, has moved to a larger, eco-friendly office of 3,000 square meters at Epargny, near Annecy, while inaugurating a new and bigger automated warehouse at a different site further away at Versoud. The ...
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News briefs
JD goes for a five-for-one stock split
With 100 percent of the votes cast in favor of a proposed resolution, a general shareholders’ meeting of JD Sports Fashion decided on Nov. 26 to divide each ordinary share of 0.25 pence into five ordinary shares of 0.05 pence. The 5,158,135,745 new shares, all with voting rights, will start ...
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News briefs
Rudholm Group acquires Euro Brand Management for sustainable packaging
The Rudholm Group (RH), a Swedish-based supplier of garment accessories, packaging and logistical services for apparel producers, has taken over Euro Brand Management (EBM), a Munich-based company specializing in sustainable packaging and supply chain management solutions in all the segments of the footwear market. Founded in 1951 by the eponymous ...
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News briefs
A second logistics hub for growing Intersport France
Intersport France has launched the project for the establishment of a second logistics platform of 84,000 square meters in the area of Château-Renault in the Loire Valley, in collaboration with local authorities. Scheduled to go on stream in 2024, it would employ about 150 people at the start, growing to ...
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News briefs
Rossignol sells Felt Bicycles to Pierer Mobility
The Rossignol Group has agreed to sell its American brand of road and racing bicycles, Felt, to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. In announcing the move, without mentioning the agreed price, the French company explained it with a ...
