All Corporations articles – Page 70
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News briefs
Shimano to raise bike component capacity by 1.5 times
A few weeks ago, Shimano had to close its Malaysian plant, forced by the Malaysian government’s Covid lockdown. The Japanese company now announced that it would invest in a new factory in Singapore and new machinery at two factories in Japan, with an eye on increasing production capacity for bike ...
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ArticleKlarna acquires social shopping platform Hero
Klarna, the retail banking, payments and shopping service from Sweden with over 90 million active users worldwide and 2 million transactions per day, has acquired Hero, a social shopping platform founded in 2015 and based in London and New York. The Wall Street Journal said Klarna would pay about $160 ...
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Article
Fitness companies attract new investments
The strong trend in home fitness training, particularly in its internet-connected format, has continued to attract interest from investors in start-ups and other innovative companies that seem to deserve funding to sustain their growth. In the last few days alone, we got news on financial investments in three American companies: ...
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Article
ABG’s planned IPO triggers S&P review
Standard & Poor’s indicated that it may upgrade its debt ratings for the Authentic Brands Group (ABG) based on the amount that it will raise through its planned public offering. The credit rating agency said it expects ABG to use the proceeds to repay a portion of its debt, which ...
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News briefs
JD Sports transfers the ownership of DTLR Villa to its U.S. unit
JD Sports Fashion has transferred the ownership of DTLR Villa, a Baltimore-based retailer, to a U.S. sub-group, Genesis Topco, in which it holds a controlling stake of 80 percent. The balance is in the hands of the four Mersho brothers who previously sold another American sports retailer, Shoe Palace, to ...
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Article
Publishing some figures, ABG files for its IPO
Confirming rumors that have circulated in the past few weeks, the rapidly expanding Authentic Brands Group (ABG) has filed for an initial public offering. It said it seeks to raise $100 million through an IPO on the New York Stock Exchange, but it did not indicate yet the timing, how ...
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News briefs
Another Spanish buying group ceases operations
There are still more buying groups of independent sports retailers in Spain than in any other country, but they are going through rough times. According to CMDsport, one of them, Quorum Sport, having run into financial trouble due to fiscal problems, has ceased operations. This is the second buying group ...
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News briefs
Puma inaugurates its new French headquarters
Puma has inaugurated its new headquarters for France, home to 120 staff members. The new 4,200-square-meter headquarters is located in the Wacken district of Strasbourg. Puma France was previously headquartered in Illkirch-Graffenstaden, in Strasbourg’s southern suburb. In addition to two office floors, the new eco-friendly facility features a 1,000-square-meter showroom, ...
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News briefs
Titleist opens a European fitting center in England
Titleist has inaugurated a new Titleist Performance Center at the Woburn Golf Club in Bedfordshire, England. The center will serve as the brand’s new home for Tour Players’ support in Europe. The same custom-fitting and performance analysis equipment available to Tour professionals will be available to golfers of all levels, ...
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News briefs
MTS takes over the Crossboccia brand
After distributing the Crossboccia brand since 2009, MTS Sportartikel has taken over the global rights to the brand. Building on the basic idea of the old street games of boccia and boules, Crossboccia is played with soft balls made of robust fabric and filled with granules. Both companies are German. ...
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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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News briefs
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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News briefs
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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News briefs
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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News briefs
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 ...
