Latest Corporate and M&A – Page 13
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ArticleBahrain to open first surf park in the Middle East
The kingdom in the Persian Gulf will soon be home to the Middle East’s first artificial surf park, featuring Wavegarden technology.
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News briefsLVMH acquires 10% of shares in Double R, strengthening ties with Moncler
The partnership is meant to strengthen Ruffini Partecipazioni Holding’s position as the largest shareholder in Moncler.
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ArticleVail Resorts lays off 14% of corporate staff following quarterly report
Jobs in accounts receivable, payroll, and IT will be consolidated or outsourced to save $100 million over the next two years.
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News briefsAuthentic acquires Champion and unveils new brand partners
Authentic has chosen three brand partners for the iconic brand.
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ArticleXponential Fitness expands to Asia with boxing studio
Rumble Boxing is expanding into Japan with a studio in Tokyo.
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News briefsNew Balance opens new EMEA headquarter
The new EMEA headquarters of New Balance, located in a former bike factory, focuses on a good working environment.
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News briefsSaudi Arabia seeks a stake in EuroLeague
The basketball league’s owners are looking to sell one-third of the business.
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ArticleLamoda Sport pauses chain expansion amid growth
The Russian sporting goods chain temporarily halts expansion after launching 100 stores in Russia, with plans to reach 300 locations and maintain authenticity in its products.
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ArticleFootway has sold Footway+ and halves its net debt
Footway Group has announced the sale of its subsidiary Footway OaaS AB (Footway+) for SEK 27 million (€2.4m).
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ArticleFrasers aims to become the largest sports retailer in Benelux
Frasers Group strengthens presence and expands footprint in the Benelux region.
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ArticleAdidas to close offices of sports app developer Runtastic in Austria
The closure affects 170 employees as part of the German company’s strategic shift to centralize digital operations.
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News briefsAgilitas Sports secures investment, hires creative leader
The Indian sportswear and athleisure solutions platform bolsters its growth strategy with money from Spring Marketing Capital.
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ArticleManchester United posts loss amidst record revenues
The club has added five players to the men’s first team and six players to its women’s team
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ArticleStiga Sports partners with Swedish tennis club
In addition to its main business with table tennis bats, Stiga Sports is also developing its other bat segments ahead of its IPO.
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ArticleBtwentyfour opens Munich office, strengthens DACH leadership
Markus Hefter has been appointed as the new Managing Director and will lead the expansion of the B2B data automation platform across Germany, Austria, and Switzerland.
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News briefsBlackRock has regained 5 percent of the shares in Moncler
The Manhattan-based asset management company boosts Moncler holdings to over 5%, as the luxury brand reports 11% revenue growth in the first half of 2024.
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Case StudyDecathlon: The ugly duckling becomes a swan?
There is hardly a company in the sports retail sector that is met with such mixed feelings as the French sporting goods manufacturer Decathlon.
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News briefsATP-WTA merger could be finalized in 2025
A potential merger has been discussed for years.
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