All Corporations articles – Page 87
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Frasers delays financial report, establishes a new commercial division
Frasers Group – formerly Sports Direct International – says it is delaying the presentation of its annual results, as it did last year, because it needs more time to complete the accounts and their audit. The report is now due to be released on Aug. 20 instead of Aug. ...
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Tennis champion Maria Sharapova Invests in Therabody
Maria Sharapova is investing in a U.S. company, Therabody, formerly called Theragun, which is known for its Theragun percussive massage therapy devices. The former Russian tennis star is also going to be a member of the advisory board of the Los Angeles-based company. Nothing has been reported about the amount ...
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Superdry secures £70 million financing facility
Superdry has secured a £70 million (€77.5m-$91.2m) Asset-Backed Lending (ABL) facility that is supposed to help the company get through the coronavirus crisis. The facility is provided by its current lenders, HSBC and BNPP, with terms extended until January 2023, in place of January 2022. Superdry’s revenues were down by ...
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Nike to lay off 500 at its headquarters
Nike will be laying off 500 or more employees – some executives included – from its headquarters. Among them will be executives and the 192 employees of several company-run nurseries. To this end the company has filed a Worker Adjustment and Retraining Notification Act notice with the state of Oregon. ...
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Hurley family acquires Simple
Through Simple Shoes – a new entity operating within its Kandui Holdings – the Hurley family has acquired the outstanding assets and intellectual property of the Simple skate shoe brand from KTSimple. The Simple brand was founded in the 1990s by Eric Meyer but went dormant in 2011. Denis Ryan, ...
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ArticleBritain’s DW Sports will close all its stores
DW Sports, a big operator of gyms and sporting goods stores across the UK, has entered into administration, a British form of insolvency. All its shops and some of the gyms are set to be closed down, putting 1,700 jobs at risk, but DW plans to work with its joint ...
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ArticleRossignol sells Raidlight to its founder
The Rossignol Group has announced the sale of Raidlight Vertical, a French company specializing in footwear, apparel and equipment for trail running and ski touring, with an annual turnover of around €8 million. It will only keep and expand its Outdoor Experiences division, which organizes trail running, Nordic walking, mountain ...
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BasicNet buys back Kappa Japan from China’s DongXiang
BasicNet has signed a deal to reacquire the Kappa brand in Japan from the Chinese group DongXiang for $13 million. The company said the deal is limited to intellectual property assets and does not include any related business unit and should take place “in the coming months.” “Japan is a ...
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Nike drops plans for “Air” plant in Arizona
It turns out that Nike will not be opening its third Air Manufacturing Innovation plant – after those in Oregon and Missouri – in the city of Goodyear, Arizona. The company announced an investment of $184 million in the plant and the promise of more than 500 full-time jobs on ...
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ArticlePositive numbers and a radical rescue plan for Bogner
Bogner, the sports fashion label based in Munich, has just published its figures for the 2019/20 financial year. According to their press release, the company generated €163 million in turnover. Earnings before taxes amounted to €2.6 million, up sharply from €0.3 million in the previous fiscal year. The company increased ...
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Mavic is saved by Bourrelier
The Grenoble Commercial Court has named the Bourrelier group as the new owner of Mavic, the historic French brand of cycling accessories specializing in high-tech wheels that was recently divested by Amer Sports. Mavic went into receivership in May, as reported by SGI Europe on May 11, after posting a ...
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Humanoo acquires WePulse
The German digital health platform Humanoo has acquired the French platform WePulse to gain a foothold in France. Both serve the enterprise market and provide exercise tracking and incentives. As of next year, under the Humanoo brand, the two companies will be handling the traffic of some 500,000 European users ...
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HG x2 Partial management buy-out for Globus
Globus, the big Swiss department store chain, and its Navyboot and Schild subsidiaries are changing hands again, just a few months after the Austrian-based Signa Retail Group and Thailand’s Central Group joined forces to take over the Swiss group this past February from the previous owner, the Migros cooperative of ...
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Slinger Bag partners with a special tennis service firm
Slinger Bag, the new portable tennis ball launcher, has signed an exclusive partnership with Dahcor and its new Dahcor Tennis Center (DTC) in Sintra, Portugal. Dahcor, a company that specializes in the manufacture of customized tennis racquets, started operating in Portugal in January 2019. Its tennis center, which will have ...
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Wanda Sports completes the sale of The Ironman Group
The Wanda Sports Group has announced that the company has completed the sale of The Ironman Group to Advance, a family-owned business that owns and invests in companies across media, entertainment, technology, communications, education and other sectors. The transaction was first announced in March. Advance’s portfolio includes Condé Nast, Advance ...
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Germany’s RSG Group to acquire Gold’s Gym
According to SGB Media, RSG Group, Germany’s largest chain of gyms, has submitted a winning bid of $100 million to acquire Gold’s Gym, an American chain founded in 1965 in Venice Beach, California, well known for its role in the rise of bodybuilding. The original Gold’s Gym is a primary ...
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Iconix puts itself up for sale
Iconix Brand Group said it will “broaden” the exploration of strategic alternatives for the company to include its possible sale, merger or other business combination. It is also considering a recapitalization. Ducera Parners has been retained as a financial advisor to work with its law firm, Deckert, in seeking new ...
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Vittoria has a new Italian owner
The Vittoria Group, a leading producer of bicycle tires, has presented Wise Equity, a private equity fund based in Milan, as the company’s new owner, which is bring it back to its Italian roots. The group owns the Vittoria brand and markets third-party brands in some countries (Fox in Italy; ...
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Article
On will not go public, but lifestyle
On Running, denies a report that it is contemplating a possible public offering of shares (IPO), which appeared in the Sunday edition of the Neue Zürcher Zeitung newspaper. The IPO would have reportedly taken place in the summer or autumn of 2021, valuing the company at more than $2 billion. ...
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Google asked to make concessions to acquire Fitbit
Google has been told by the anti-trust authorities of the European Commission that they might endorse its proposed $2.1 billion acquisition of Fitbit, according to an exclusive Reuters report, as long as it pledges not to use the latter’s health and wellness data for its online advertising and search engine ...
