Corporate:
+++ RevolutionRace, a Swedish outdoor company founded in 2013, completed its IPO on Nasdaq Stockholm on June 16 at a valuation of 8.47 billion Swedish kronor (€838m-$1bn), or more than 11 times its revenues of SEK 732 million or (€72.4m-$86.4m) for the 12 months ended March 31, 2021
+++ The rapidly expanding Authentic Brands Group has agreed to buy the Arrow, Izod and Van Heusen brands from PVH Corp. for $200 million
Management:
+++ Till Jagla, senior director of product for Adidas Originals, leaves the Adidas Group after 11 years, and the company says that a decision has not yet been made about his succession
Retail:
+++ Decathlon opens its 47th store in the U.K. and its first store in Wales as a concession within a Tesco supersmarket store at Culverhouse Cross, near Cardiff, which will also serve as a click & collect point for online orders
+++ According to Diffusion Sport, there have been discussions about a possible merger of the Intersport and Base Detallsport buying groups in Spain, but their members have expressed doubts about the project
Trade Shows:
+++ Some 300 sports and outdoor brands will be represented at a “Brand Event & Sneak Preview” of spring/summer 2022 collections organized for the Dutch market on June 28 in the Sports Business Center in Leusden
