All M&A articles – Page 17

  • News briefs

    HG x2 Partial management buy-out for Globus

    2020-07-23T12:56:00Z

    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 ...

  • News briefs

    Germany’s RSG Group to acquire Gold’s Gym

    2020-07-15T16:21:00Z

    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 ...

  • News briefs

    Garmin acquires Firstbeat Analytics

    2020-07-02T06:19:30.440Z

    According to the business website ZDNet, Garmin has acquired Firstbeat Analytics, a Finnish company whose software uses heart data recorded by wearable devices to measure stress, sleep, maximum rate of oxygen consumption (VO2 max), training status, the effects of training, rate of respiration and calories burned. Garmin intends to incorporate ...

  • Article

    Lululemon to acquire home exercise platform

    2020-07-02T06:09:30.533Z

    Lululemon will be spending $500 million to acquire Mirror, an American company that has created an interactive, home-based exercise platform with live classes, on-demand classes and one-on-one training. It will be Lululemon’s first takeover of another company. Mirror markets a $1,495 interactive home gym built into a full-length wall-mounted mirror ...

  • Article

    Head confirms the takeover of Zoggs

    2020-06-30T20:50:00Z

    Confirming an earlier report, Head has announced its acquisition of Zoggs, the Australian brand of swim goggles, forming a water sports group with an annual turnover estimated at well over €100 million. It’s an interesting move for Head, which already has a leading market position in scuba diving as well ...

  • News briefs

    JD re-acquires Go Outdoors

    2020-06-24T08:42:00Z

    Just after appointing Deloitte as administrator of Go Outdoors, its struggling British outdoor chain, JD Sports Fashion announced that it has re-acquired the business and substantially all of its assets for £56.5 million (€62.5m-$70.5m) “as partial repayment against its historic indebtedness” in a “pre-pack” administration deal via a newly incorporated ...

  • News briefs

    Head is about to buy Zoggs

    2020-06-18T15:04:00Z

    Head is in advanced discussions for a takeover of Zoggs International, the leading U.K.-based brand of swim goggles, says an insider, commenting on a report in Sky News, stressing that the transaction is not yet completed. Mark Hammersley, the former president of Speedo International who has been running the brand ...

  • News briefs

    Ultimate Nordic acquires Altra’s distributor

    2020-06-11T13:53:00Z

    Ultimate Nordic is taking over Getvital Sports, adding Altra running shoes and Injinji socks and technical running equipment to its portfolio of sports and outdoor products, which also includes Buff, Stanley, LedLenser and Soto. Ultimate Nordic is a Norwegian distributor, formerly called Trygve Alm. Established in 1928, it is a ...

  • News briefs

    Private foundation to make an offer to acquire Karstadt Sports

    2020-06-03T10:24:00Z

    According to SAZ, the German trade publication, a private foundation called the Loitz Family has made an offer to acquire Karstadt Sports. Based in Essen, the Loitz Family aims to take charge of Karstadt Sports’ existing 32 stores in Germany, its headquarters in Essen and its 1,500 employees. It is ...

  • Article

    Karstadt Sports is integrated more closely with SportScheck

    2020-05-28T12:28:00Z

    Galeria Karstadt Kaufhof (or Galeria), the new holding company formed in 2018 from the merger of the Galeria Kaufhof and Karstadt department stores, has decided that the management of its sporting goods business will move from Karstadt’s head office in Essen to the headquarter of SportScheck in Unterhaching near Munich. ...

  • News briefs

    Asics invests in Seevix Material Sciences

    2020-05-19T09:00:00Z

    Asics Ventures, an investment subsidiary of Asics, has taken a stake in Seevix Material Sciences, an Israeli start-up that develops and produces synthetic spider silk. Seevix was established in 2014. The company manufactures a patented man-made spider silk, called SVX, backed by more than ten years of research at the ...

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    Article

    Wintersteiger acquires control of a maker of ski lockers

    2020-05-19T05:19:00Z

    Wintersteiger – the Austrian provider of machines for ski repair and maintenance, software for ski rental, and equipment and furnishings for ski shops – is acquiring a 51 percent stake in another Austrian company, Steurer. The company boasts some 5,000 clients around the world, including ski shops, hotels and mountain ...

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    Article

    Odlo has a new owner

    2020-05-14T10:44:00Z

    Monte Rosa Sports Holding AG, a company based in Switzerland, has acquired Odlo International, the Swiss producer of functional sports underwear, together with all its national subsidiaries, from Herkules Fund III. The transaction was completed on Wednesday, May 13, for an undisclosed price. Odlo was founded in 1946 in Oslo ...

  • News briefs

    Colnago has a new owner

    2020-05-08T12:07:00Z

    Colnago has been sold to Chimera Investments, an investment fund registered in Abu Dhabi, which has acquired a majority share in the Italian bike company. The iconic brand was founded in 1954 by Ernesto Colnago in Cambiago, near Milan, where the company is still headquartered. While the strategic direction is ...

  • News briefs

    JD’s takeover of Footasylum is blocked

    2020-05-07T15:08:00Z

    After a more in-depth review of JD Sports Fashion’s acquisition last year of the Footasylum chain in the U.K., Britain’s Competition and Markets Authority (CMA) announced on May 6 its decision to block it, arguing that it would lead to a “substantial lessening of competition nationally,” with higher prices and ...

  • News briefs

    Clarus cancels SKB’s takeover, replaces dividend with shares

    2020-05-06T21:00:00Z

    Clarus Corp., the American holding company of Black Diamond Equipment and other operations, said it has cancelled its planned acquisition of an American case maker, SKB, by mutual agreement with the sellers as a result of the uncertainties created by the coronavirus pandemic. Clarus would have had to pay $85 ...

  • Article

    Planet Sports is salvaged

    2020-05-05T17:20:00Z

    Planet Sports, the insolvent multi-channel action sports retailer based in Munich, has been taken over by a “medium-sized consortium of entrepreneurs,” said the insolvency administrator, Axel W. Bierbach of the law firm Müller-Heydenreich Bierbach & Kollegen, in a press release. The law firm added that it could not reveal the ...

  • News briefs

    Iconix sells Umbro China for $62.5m

    2020-04-30T18:18:00Z

    The Iconix Brand Group has agreed to sell its equity in Umbro China to HK Qiaodan Investment, generating cash of $62.5 million in the transaction, which is expected to close on or before Sept. 15. Umbro China is currently owned by a subsidiary of Iconix in Luxembourg. The deal covers ...

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    News briefs

    Tenson acquires WearColour and Void Cycling

    2020-04-28T12:38:00Z

    As reported earlier, WearColour, a Swedish brand of anoraks, ski jackets and pants with distinctive color blocking that also owns the Void Cycling trademark, filed for bankruptcy on Feb. 11 at its own request with the Gothenburg District Court. Now Swedish media report that Tenson, one of the iconic Scandinavian ...

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    Article

    No pressure for the sale of Mammut

    2020-03-18T12:05:00Z

    As previously reported, the Conzzeta Group plans to divest its Outdoor division, which essentially consists of the Mammut Sports Group. Addressing financial analysts, the Swiss group’s management pointed out, however, that it is under no pressure to sell it at just any price because of the current economic uncertainty.