All M&A articles – Page 16
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ArticleSolutions in sight for Norway’s sports sector
We reported in our Feb. 10 issue about the problems at XXL ASA and the bankruptcy of Gresvig, the Norwegian licensee of Intersport. Powerful investors are pitching in to save the two largest retail players in the Norwegian sporting goods market. It seems, however, that some suppliers may end up ...
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Article
Footway bids for Sportamore
The Footway Group, a Swedish online shoe retailer that is expanding internationally, announced on Feb. 17 that it wants to buy Sportamore, a leading Swedish online retailer of sports products. Footway has offered to pay 439 million kronor (€41.5m-$44.9m) in cash and shares for Sportamore, or a premium of around ...
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ArticlePlanet Sports is insolvent
The German sports retailing landscape is changing rapidly. A Munich court has accepted a request to place Planet Sports, a leading German action sports and streetwear retailer, under bankruptcy protection, according to TextilWirtschaft. The information, which could not be confirmed by the time of going to press, highlights the difficulties ...
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ArticleThe German Cartel Office blesses Signa’s takeover of SportScheck
Following a comprehensive investigation, the German Cartel Office has concluded that the planned acquisition of SportScheck by the Austrian-based Signa Retail Group via its Galeria Karstadt Kaufhof subsidiary can go ahead as the new conglomerate resulting from the transaction will have a market share of less than 15 percent in ...
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ArticleRussia’s Sportmaster buys the Danish chain by the same name
Sport Danmark, the company that owns the Danish loss-making Sportmaster chain of sporting goods stores, was sold on Dec. 23 by Nordic Capital to a company in Singapore, Sportmaster Operations Pte., created by the Russian Sportmaster Group in 2012 to oversee its development in China and to conduct acquisitions in ...
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ArticlePentland buys Speedo’s North American business
Pentland announced yesterday that it has agreed to buy the perpetual rights to the Speedo brand in North America and the Caribbean and the related operations from PVH Corp. for $170 million in cash, uniting all the brand’s operations around the world under a common umbrella just in time for ...
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Article
Thule acquires a fishing rod carrier
The Thule Group has acquired Denver Outfitters, an American producer of vehicle-mounted fishing-rod carriers.
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Article
Pelican acquires Confluence
Pelican International, a Canadian group that already makes all manner of recreational boats, has acquired Confluence Outdoor, another maker of boats based in the U.S. that did not achieve the economies of scale that its new owners were betting on. The financial terms of the deal remain undisclosed
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Article
Lululemon invests in a smart mirror start-up
Lululemon has joined in a just completed $34 million Series B funding round for a New York-based high-tech fitness start-up, Mirror, which launched a smart full-length LCD mirror in September of last year. The display can be used as an interactive home gym, with live and on-demand fitness classes. Taking ...
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News briefs
The Signa Retail Group signs letter of intent with the Otto Group to take over SportScheck
The Signa Retail Group, which already owns Karstadt Sports and a group of sports-specific e-tailers called Signa Sports United, has signed a letter of intent with the Otto Group to take over its SportScheck chain of sporting goods stores, according to Germany’s Lebensmittelzeitung. The report could not be confirmed, but ...
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Article
Lafuma is selling Eider
Lafuma has received a binding acquisition offer for its Eider brand from K2, the South Korean technical outdoor company.
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Short stops
The owners of Mustad have reportedly denied a rumor that...
The owners of Mustad have reportedly denied a rumor that Rapala or Pure Fishing is going to take over the Norwegian fishing tackle company
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News briefs
Johan Eliasch, chairman and chief executive of Head, and his...
Johan Eliasch, chairman and chief executive of Head, and his family now own a larger share of Head NV through Head Sports Holdings following the exercise last March 29 of options granted under the May and September 2009 stock option plans. Amounting to a total of 12,847,179 options, they have ...
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News briefs
The management of JD Sports Fashion confirms the acquisition of...
The management of JD Sports Fashion confirms the acquisition of Fenchurch, a British brand of streetwear, and some related assets for £1 billion. The brand had an annual turnover of around £10 million (€11.3m-$16.2m) including the sales of its four stores, which have all been closed. JD will use some ...
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News briefs
Amer Sports has issued a floating-rate bond to raise 500...
Amer Sports has issued a floating-rate bond to raise 500 million Swedish kronor (€55.0m-$79.5m), targeted at institutional investors in the Nordic countries and quoted on Helsinki's Nasdaq counter. The proceeds will be used for debt repayment and general corporate purposes.
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News briefs
The Chinese maker of sports apparel 361 Degrees plans to...
The Chinese maker of sports apparel 361 Degrees plans to open a research center for designing innovative sportswear in Beijing, with the support of the Beijing Institute of Clothing Technology. The company had an 18.1 percent increase in footwear sales to $186.5 million for the second half of 2010; apparel ...
