All Corporations articles – Page 63
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News briefsClarus will offer 2.75 million shares of common stock
Clarus Corporation, the company based in Salt Lake City, Utah that owns brands such as Black Diamond, Pieps, Sierra Bullets and Rhino-Rack, announced that it intends to offer 2,750,000 shares of common stock and use the net proceeds from the offering for general corporate purposes, including repayment of debt, capital ...
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Article
Allbirds’ IPO seeks a $2 bn valuation
Allbirds has priced its planned public offering at a range of between $12 and $14, which would give it a valuation of more than $2 billion, in spite of continued losses. It plans to offer a total of 19.2 million shares to raise up to $269 million. A Series E ...
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Top JD managers get stock options
JD Sports Fashion has granted performance-based stock options to Peter Cowgill, executive chairman of the company, and Neil Greenhalgh, chief financial officer, under the company’s 2021 Long Term Incentive Plan. The options will become ordinarily vested in five years’ time, subject to the achievement of certain performance conditions. Cowgill got ...
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JD acquires control of a Greek retailer
JD Sports Fashion has further expended its presence in Europe by acquiring 80 percent of Cosmos Sport, a retailing group that operates 57 stores in Greece and three in Cyprus under various banners, associated with web stores. Of these, 32 are under the Cosmos banner, offering an “elevated sporting goods ...
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XXL adopts RFID tags
According to the British trade magazine Retail Technology, XXL ASA has begun to use RFID tags to track its inventory. With the help of a Scandinavian firm, Securitas, it has adopted Nedap’s iD Cloud platform throughout Norway and plans to roll it out to its 89 other megastores in various ...
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ArticlePE firm to acquire NPD Group
The private equity firm Hellman & Friedman (H&F) will soon be entering into a binding and exclusive agreement to purchase the NPD Group, once the latter’s employee-works council has been lawfully notified and consulted. Founded in 1966 and headquartered in Port Washington, New York, NPD claims to be the world’s ...
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News briefs
Aquasphere to engage swimmers for its R&D
Aquasphere has founded an R&D Hub that will rely on swimmers of any level from fitness to elite to help develop its products and the related marketing, retailing and merchandising. As a start, the Italian brand of swim goggles and masks has signed a deal with the French swim club ...
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Signa Sports United collects more funds before going public
The Wall Street Journal reports that Saudi Arabia’s Public Investment Fund is about to make a major investment in Signa Sports United, the big operator of online stores based in Berlin, which indicated four months ago its intention to go public. It would join other investors including Abu Dhabi’s sovereign ...
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ArticleSome French employees strike over pay at Decathlon
The CFDT called on Decathlon’s employees to go on a national strike in France on Saturday, Oct. 16. The union, third largest by employee representation, is seeking to raise employee compensation in view of this year’s “record profits” at the French producer and retailer of sporting goods. According to a ...
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News briefs
LeBron James’ SpringHill sells minority stake to Nike and others
SpringHill Company – the video-production firm founded and led by the basketball player LeBron James and the sports marketer Maveric Carter (chairman and CEO respectively) - has sold a minority of its shares to Nike, RedBird Capital Partners, Fenway Sports Group and Epic Games. The deal suggests a valuation of ...
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New share buyback program will lead Adidas to return €1.6 bn to its shareholders this year
Adidas announced the successful completion of the new share buyback program launched in July and the launch of an additional program. Between July 1 and Sept. 30, the company bought back 1,851,522 shares for a total investment of €550 million. Starting on Oct. 18, Adidas plans to buy back additional ...
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Poshmark boosts its sneaker authentication process by buying Suede One
Poshmark, a California-based marketplace for second-hand fashion products, has acquired a virtual sneaker authentication platform called Suede One. The price of the takeover was not disclosed. Founded in 2020, the latter is said to achieve 99 percent accuracy in recognizing popular models such as those of Jordan and Yeezy by ...
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Vuori gets financing to move outside the U.S.
To help finance its international expansion, SoftBank has made an investment of $400 million in Vuori, a six-year-old activewear brand from Southern California, giving it a valuation of nearly $4 billion. The premium sports apparel brand plans to move outside the U.S. next year by launching omnichannel operations in key ...
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Gymshark is reportedly weighing an IPO
Ben Francis, the 29-year-old British entrepreneur who co-founded Gymshark in 2012, and his private equity supporters have started discussions with investment banks and potential institutional investors about a possible public offering, according to Sky News. The talks are said to be in a preliminary stage. There is no certainty that ...
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Slinger makes another acquisition
Slinger has announced its third acquisition so far this year in its bid to diversify from the sale of tennis ball launchers into a provider of a full “Watch, Play and Learn” suite of products and connected digital services for tennis players, possibly catering to other sports in the later ...
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Sequential will be able to honor its debts
The bankrupt Sequential Brands Group is now expected to be able to pay its $435.1 million in liabilities through the auction of its assets. With You, a company that owns a 37.5 percent interest in the Jessica Simpson brand, has launched a bid for the remaining shares owned by SQBG ...
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Canada Goose gets an upgrade on its debt rating
Standard & Poor’s has upgraded its debt rating for Canada Goose to positive from stable, following its better-than-expected operating performance. The company’s results for the financial year ended March 31 indicated an adjusted debt-to-Ebitda ratio of 2.8 times, according to S&P, compared with a previous forecast of more than four ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Holdings group and the Canadian conglomerate Dorel Industries officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a ...
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News briefs
Moncler is developing an interesting new HQ in post-pandemic style in Milan
Moncler plans to concentrate its Milanese employees, currently spread over three sites, into a new headquarters, to be refurbished and delivered by the end of 2024. To this end, the Italian luxury skiwear and outerwear brand has announced a 15-year pre-letting agreement with Convivio. The building is located in the ...
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iFIT drops its planned IPO, Allbirds revises it
Allbirds has revised its proposals for an initial public offering, and iFIT Health & Fitness has postponed its plans to go public, citing “adverse market conditions.” Meanwhile, an acquisitive American maker of camp stove, Solo Brands, has filed an application for an IPO with the U.S. Securities & Exchange Commission ...
