All M&A articles

  • lululemonathleticalogovector_470603
    News briefs

    Lululemon to close Washington State distribution center, cuts over 100 jobs

    2024-04-23T09:32:00Z

    On Monday, Lululemon, the Canadian athleisure brand, announced its decision to shut down its distribution center in Sumner, Washington, resulting in the termination of more than 100 employees. The closure, confirmed by a Worker Adjustment and Retraining Notification filed with the state’s employment security department, will see layoffs commencing on ...

  • JD Sports Fashion
    Article

    JD Sports plans to acquire Hibbett in £899m deal, accelerating US expansion

    2024-04-23T09:03:00Z

    JD Sports has announced its agreement to acquire US sportswear brand Hibbett for £899 million, aiming to accelerate its expansion in the United States. The move is expected to bolster JD Sports’ growth plans in North America, enhance its Complementary Concepts division, and strengthen its relationships with brand partners. Additionally, ...

  • Arizona_Coyotes_logo
    News briefs

    NHL announces sale of Arizona Coyotes, Utah franchise to emerge

    2024-04-19T13:20:00Z

    The National Hockey League (NHL) has confirmed the sale of the Arizona Coyotes franchise, paving the way for a new team to emerge in Utah. Smith Entertainment Group (SEG), renowned for owning the Utah Jazz in the National Basketball League and Real Salt Lake in Major League Soccer, will take ...

  • Large-BowFlex_TM_R_Logo_Black_RGB
    Article

    Court approves BowFlex purchase agreement

    2024-04-17T07:15:00Z

    The US Bankruptcy Court for the District of New Jersey has approved the sale of the acquired assets of Bowflex, Inc. under the terms of the previously announced stalking horse asset purchase agreement between Bowflex and Johnson Health Tech Retail, Inc., the parent company of the Matrix fitness equipment brand. ...

  • JD Group
    Article

    Change of Iberian plans for Sprinter, Sport Zone

    2024-04-16T08:06:00Z

    JD Sports will be switching 28 to 30 Sprinter and Sport Zone stores in Spain to the JD banner between now and 2025, according to Diffusion Sport. Included in this two-year development plan is the renovation of two stores in Alicante province, in the cities of Finestrat and Alicante, both ...

  • frasers
    News briefs

    Frasers Group bolsters EMEA expansion with Twin Sport acquisition

    2024-04-10T16:13:00Z

    Frasers Group is set to acquire Twin Sport, a prominent Dutch sporting goods retailer. The acquisition agreement entails Frasers Group acquiring all shares in Twin Sport Holding B.V., a key player in the Dutch sports retail landscape and part of the Intersport franchise under EKS Netherlands. Twin Sport, with 17 ...

  • Playtomic_Logo
    News briefs

    Rafael Nadal invests in Playtomic

    2024-04-10T14:42:00Z

    Spanish tennis legend Rafael Nadal is investing in Playtomic, the largest racquet sports community in the world. The financial terms were not disclosed. Playtomic is a booking app for padel and tennis courts that is active in more than 50 countries and operates with more than 4,800 clubs worldwide. Founded ...

  • Galeria-Logo
    News briefs

    Former Kaufhof owner reportedly taking over Galeria Karstadt Kaufhof

    2024-04-09T07:06:00Z

    According to German business publication Handelsblatt, US investor NRDC Equity Partners is to be granted the contract to operate the 92 locations of the German department store chain Galeria Karstadt Kaufhof. NRDC is the investment company of Canadian entrepreneur Richard Baker, who also owns a majority stake in the North ...

  • Riddell_Simbex+Logo_hero
    News briefs

    Riddell acquires helmet tech R&D company

    2024-04-05T11:27:00Z

    New York-based Evome Medical Technologies Inc. has reached an agreement with EB Sports Corp.‎, the parent company of Riddell Sports Group to sell Evome’s R&D business unit Simbex LLC for approximately $4.83 million in cash. The proceeds will be used to pay down Simbex debt and reduce Evome’s acquisition debt ...

  • Ha
    News briefs

    Liberty Media announces acquisition of MotoGP

    2024-04-03T19:56:00Z

    US-based mass media company Liberty Media Corporation, the owner of Formula 1, has announced an agreement to acquire MotoGP, the pinnacle of motorcycle racing with more than 20 Grands Prix across five continents. Liberty Media’s businesses are attributed to three tracking stock groups: the Liberty SiriusXM Group, the Formula One ...

  • Fenway Sports Group - FSG
    News briefs

    FSG sells off consultancy

    2024-04-03T14:48:00Z

    Fenway Sports Management Group (FSG) – owner of, among other things, Liverpool FC and the Boston Red Sox – has sold off its Consulting Group to the Brand division of Elevate, a consultancy founded in 2018 and headquartered in Charlotte, North Carolina. The Fenway consultancy’s BriAnne Newman is now Elevate ...

  • ABG-Logo-2024
    News briefs

    Authentic Brands Group nears deal to acquire Champion?

    2024-04-03T14:08:00Z

    After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...

  • egym logo
    News briefs

    EGYM acquires Hussle

    2024-04-03T11:03:00Z

    Fit tech company Egym has acquired Hussle, a prominent corporate wellness platform in the UK, and integrated it into Egym Wellpass, its corporate fitness network. Through this integration, Egym Wellpass now grants employers access to a vast network of over 1,500 gyms, pools and spas across 96 percent of UK ...

  • Revelyst-PinSeeker
    News briefs

    Revelyst acquires PinSeeker

    2024-03-27T09:15:00Z

    Revelyst, the outdoor product segment of Vista Outdoor Inc. that will become a stand-alone public company later this year, has finalized its acquisition of PinSeeker, a leading simulator off-course golf and connectivity app previously under the Wasserman portfolio. “The PinSeeker team is thrilled to begin our next chapter as part ...

  • Topgolf Callaway_Logo
    News briefs

    ‘Unaware of reported sale discussions’, says Topgolf Callaway

    2024-03-21T14:36:00Z

    Topgolf Callaway Brands Corp. is reportedly contemplating the sale of its Callaway Golf business, as reported on Wednesday, March 21. The speculated valuation for the brand stands at an impressive $3 billion. While the potential sale focuses solely on the Callaway Golf segment, it suggests that Topgolf would remain unaffected ...

  • Topgolf Callaway_Logo
    Article

    Is Topgolf Callaway on the market? South Korean sources says so

    2024-03-21T07:41:00Z

    Speculation is swirling after a South Korean newspaper suggested that golf behemoth Topgolf Callaway might be up for grabs.

  • Castore_brand_logo.svgz
    News briefs

    Castore secures exclusive Umbro Pro Team license

    2024-03-20T07:06:00Z

    Castore has just finalized an exclusive deal with Umbro licensee GL Dameck (DLG), granting them the coveted Umbro Professional Team Sports sub-license. This strategic move extends Castore’s reach into the UK, Germany, Austria, Switzerland, Belgium, Netherlands and Denmark, marking a significant milestone in their expansion. With a recent investment round ...

  • Cisalfa Sportscheck
    Article

    Italy’s Cisalfa to take over SportScheck

    2024-03-14T13:20:00Z

    Cisalfa Sport S.p.A. is the new preferred business partner of SportScheck GmbH and set to join the business operations. A corresponding agreement is still subject to approval by the German Federal Cartel Office, but the deal is expected to be finalized by June 2024. The German retail chain SportScheck will ...

  • autry-1
    News briefs

    Style Capital buys majority stake in Autry

    2024-03-13T16:29:00Z

    Milan-based private equity investor Style Capital is buying Autry International, the owner of the Italian sneakers brand Autry, from Made in Italy Fund. The financial details of the transaction were not disclosed. Style Capital will buy a 50.2 percent stake, while the Doro family, the brand’s founders, will retain a ...

  • Tennis-Point
    Article

    Tennis-Point Spain seeks new CEO

    2024-03-12T14:12:00Z

    Tennis-Point Spain and its CEO, Miquel Just, agreed on Feb. 29 to sever the contract they signed exactly four years earlier, according to CMDsport. It was Just who urged Tennis-Point’s entry into Spain, with a first store in Mataró. Five more stores followed, in Barcelona, Valencia, Madrid, Alcorcón and Alfafar ...