All Corporations articles – Page 69
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News briefs
FightCamp raises $90 million in a new funding round
FightCamp, the at-home training system for boxing and kickboxing, has raised $90 million from a long list of investors that also includes contributions from famous fighters like Mike Tyson, Floyd Mayweather Jr., Georges St-Pierre and Francis Ngannou. The funding round was led by two venture capital firms, New Enterprise Associates ...
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ArticleIntersport sells The Athlete's Foot
The board of Intersport International Corp. (IIC) had already decided one year ago to initiate a search for a new owner of The Athlete’s Foot (TAF), the sports lifestyle footwear banner that it acquired in 2012. The Swiss-based owner of the big Intersport brand has finally picked the Arklyz Group, ...
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Article
Adidas shortlists five candidates for Reebok’s takeover
Adidas has drawn up a shortlist of five candidates for the acquisition of Reebok, according to Reuters, asking them to submit their bids by August. The only strategic investor on the list is Wolverine Worlwide, owner of Merrell and some 15 other shoe brands. It has reportedly proposed to take ...
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ArticleJD upgrades its forecast, reinstates the CEO role
Confirming a report that came out in The Sunday Times in May, which had been initially denied, Peter Cowgill, executive chairman and CEO of JD Sports Fashion, revealed a plan to divide his role before the next annual general meeting of the company one year from now, adding that “a ...
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Gympass’ valuation more than doubles to $2.2 billion
Gympass has seen its valuation more than double to $2.2 billion, apparently reflecting a return to pre-Covid levels in the activities of fitness gyms and wellness studios, through a new $220 million round of financing. The big corporate wellbeing platform said it saw “a record four million monthly visits across ...
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Mammut is sold for one year worth of sales
Bystronic, the Swiss holding company previously called Conzzeta Group, has announced the completion on June 30 of the sale of the Mammut Sports Group to Telemos Capital for an enterprise value of 230 million Swiss francs (€209.7m-$248.6m), including an earn-up of up to CHF 45 million (€41.0m-$48.6m). The figure is ...
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Adidas announces a new share buy-back program, boosting its share price
Considering that it will generate “substantional cumulative free cash flow” over the next five years through its new “Own the Game” strategy, Adidas announced the launch of a new share buyback program worth in total between €8 billion and €9 billion. The program will start on July 1 with the ...
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SportEasy raises €5 million in a Series A funding round
SportEasy, a French web and mobile app for the management of amateur sports, has secured €5 million in a Series A funding round with support from Seventure Partners via Sport & Performance Capital, as well as the Macif insurance company and various business angels who have been supporting the start-up ...
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News briefs
Allyson Felix launches her own brand of running shoes
Allyson Felix has launched Saysh, a new lifestyle brand for women. The news, which first broke on Time.com on June 23, comes two years after the American track and field sprinter’s publicized break-up with Nike over the treatment of pregnant athletes. In late 2018, Felix, who is today 35 years ...
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News briefs
Calida wants to divest the rest of its outdoor business
Having already expressed intentions to do so in March and as part of a strategy review, the Calida Group’s board of directors and the management have decided to sell the Millet Mountain Group division, which includes the Millet and Lafuma brands. The Millet Mountain Group reported sales of €78.2 million ...
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Investors are still bullish about Nike’s share price
With its current quotation navigating around $152 on the New York Exchange, or about 15 percent above its level prior to the release last Thursday of its unexpectedly high results for the fourth quarter ended May 31, Nike’s share is still recommended as a “buy” by 23 out of the ...
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Allbirds reportedly files for a confidential IPO
Allbirds, the B Corp-certified Californian brand of sustainable sneakers and apparel, has filed for a confidential initial public offering (IPO), according to WWD. Such a filing allows a company to keep details of its business performance and the terms of the transaction secret until 15 days before the IPO takes ...
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ArticleJD Sports Fashion on track to acquire Deporvillage
Deporvillage has found a buyer. As we reported in January, the owners of this international sports e-tailer based in Catalonia had engaged a financial advisor with a view toward selling a majority stake. JD Sports Fashion has since stepped in through its controlled holding company in Spain, the Iberian Sports ...
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Beachbody’s SPAC deal is endorsed, allowing it to go public
As planned, the shareholders of Forest Road Acquisition voted to approve a three-way merger of that special-purpose SPAC with The Beachbody Company and Myx Fitnes Holdings, an American supplier of connected exercise bicycles that generated revenues of $30 million last year from the sale of over 27,000 units priced at ...
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Oros secures $14.5 million in Series A funding
Oros says it has received $14.5 million in a Series A funding round led by Elizabeth Street Ventures and Enlightenment Capital. Oros, based in Portland, Oregon, is an American start-up that leverages emerging NASA technology to develop advanced thermal materials and high-performance, low-impact apparel. The brand has developed a new ...
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Goat Group more than doubles in value
The sneaker market is red hot, particularly online. The Goat Group more than doubled its valuation to $3.7 billion in its latest round of financing from $1.8 billion in the previous one last September. The company said its marketplace had generated a gross merchandise value of $2 billion in the ...
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Slinger Bag acquires Foundation Tennis
Slinger Bag, the growing developer of portable tennis ball launchers, has acquired Foundation Tennis, a U.S. company that develops software for the administration of racquet sports clubs, in exchange of shares. The software suite can handle operations, booking, payments and digital platform management (website design, hosting, and iOS and Android ...
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USWE starts trading on the Nasdaq First North Growth Market
USWE Sports, a Swedish company that offers vests and jump-free backpacks and hydration packs for mountain biking, running, skiing and motorsports, will go public on June 24 on the Nasdaq First North Growth Market. Earlier this month, the company had completed its offering to the general public in Sweden and ...
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Anta partners with a university for research into sports fashion
Anta Sports has co-established the ”Tsinghua University-Anta Group Joint Research Center for Sports Fashion” with Tsinghua University, a major research university in Beijing. Anta will cooperate with the university over the next five years to explore innovative applications for new fabrics, new materials and new designs in the field of ...
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News briefs
Peloton launches a corporate wellness initiative in some countries
Businesses and organizations in certain countries will be able to offer subsidized access for their staff to Peloton’ connected fitness memberships and products through a new program, Peloton Corporate Wellness. Steered by a dedicated global general manager, Cassidy Rouse, the program is being offered for the moment to businesses and ...
