All M&A articles – Page 9
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News briefsDescente increases stake in Ningbo Le Coq Sportif
Japanese sportswear and accessories company Descente Ltd. announced in a notice to shareholders that it has increased its stake in Le Coq Sportif (Ningbo) Co. Ltd. (NLCS). NLCS was established by Sugiei and Itochu Textile (China) Co., Ltd. (ITS), a subsidiary of Itochu Corporation, in 2004 to expand the brand’s ...
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News briefsThe Athlete’s Foot announces Joe Delphry’s seven store franchise transition
The Athlete’s Foot (TAF) announced that Joe Delphry, a TAF franchise owner since 1999, has transitioned his seven stores to The Dahir Group. Delphry and The Dahir Group’s Shady Dahir have been friends for years, a press release states, and TAF is “thrilled that the legacy of Joe’s stores will ...
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News briefsJD Sports Fashion divests Footasylum to Aurelius Group
JD Sports Fashion has exchanged contracts on July 29, 2022, to sell Footasylum Limited and its associated subsidiaries to Aurelius Group for £37.5 million (€44.7m). Aurelius is a pan-European private equity group with offices in Luxembourg, Munich, London, Stockholm, Madrid, Milan and Amsterdam and over 40 international portfolio companies. The ...
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News briefsXtep’s controlling shareholder sells 80 million shares
The largest shareholder of Chinese sportswear brand Xtep International, Group Success Investments Limited, has sold 80 million shares, or about 3.04 percent of the free float, for HK$12.70 per share (€127.8m in total). Group Success is majority owned by the Ding family, which controls Xtep. Xtep did not disclose the ...
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News briefsJapanese e-commerce company to acquire majority stake in Phenix owner
As reported by sportstextiles.com, Japanese e-commerce company E-store Corporation has taken steps to acquire Shiffon, a Tokyo-based licensee and developer of brands such as Kappa and Hummel, and Phenix licensee* for its worldwide sales territories except for China, the brand founded in 1952 that is the official outfitter of the ...
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News briefs
Rawlings acquires Jack Corbett Hollywood Bases
Rawlings Sporting Goods Company, the global brand and manufacturer of baseball and softball equipment, has acquired the Jack Corbett Hollywood Bases brand from Schutt Sports. The acquisition allows Rawlings to add field bases and accessories to its list of officially licensed Major League Baseball (MLB) products. The Jack Corbett Hollywood ...
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News briefs
Viaplay Group acquires Premier Sports
International streaming company Viaplay Group AB has agreed to acquire Premier Sports, a U.K.-based sports streamer and TV channel operator. The transaction values Premier Sports at £30 million (€35.2m) on a cash and debt-free basis, said Viaplay in a statement. The move comes ahead of the launch of Viaplay’s streaming ...
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News briefs
Accell Group delisting shares on Aug. 22, going private
Accell Group, with more than 95 percent of shares tendered for a proposed buyout by U.S. financial investor KKR (Kohlberg Kravis Roberts) and Teslin, intends to delist its shares on the Euronext Amsterdam on Aug. 22 and simultaneously convert into a private company with limited liability. KKR/Teslin first revealed its ...
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News briefs
Sidi Sport to be sold to Italmobiliare
Italmobiliare has invested in Sidi Sport, the iconic Italian brand specializing in cycling and motorcycling footwear. As per the terms of the agreement, 100 percent of the capital of Sidi Sport S.r.l. will be taken over by Italmobiliare for €66 million, in addition to the net cash held by the ...
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News briefsCoDi completes acquisition of PrimaLoft
Compass Diversified (CoDi) has completed the previously announced acquisition of PrimaLoft Technologies Holdings, Inc, the parent company of PrimaLoft, from Victor Capital Partners and minority owners according to an agreement signed on June 4 of this year. The acquisition was completed for a purchase price of $530 million (excluding working ...
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ArticleDesigner Brands adds Le Tigre to growing portfolio
Ohio-based Designer Brands Inc., one of North America’s largest designers, producers and retailers of footwear and accessories and parent of the U.S. Designer Shoe Warehouse (DSW) retail chain, announced an investment in and licensing agreement with Le Tigre 360 Global. The deal adds Le Tigre to Designer ...
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ArticleCoats acquires Texon
Coats Group, a U.K.-based manufacturer of industrial yarns, has reached a definitive agreement to acquire Texon, a supplier of components and materials for footwear, accessories and apparel for Nike, Adidas and other brands, for an enterprise value of $237 million and a total cash value of $211 million after deductions ...
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ArticlePeugeot Frères Industrie acquires Julbo
Christophe and Matthieu Beaud, co-owners and CEO and managing director, respectively, of Julbo, have announced an agreement for Peugeot Frères Industry to acquire a majority stake in the family eyewear company. The Beaud family, unrelated to Jules Beaud, the founder of the company in 1888, acquired the business in the ...
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ArticleKorean F&F group to acquire Sergio Tacchini
The Korean website Newsway reports that at a board meeting on July 7, South Korean fashion conglomerate F&F agreed to acquire 100 percent of the shares in Sergio Tacchini Operations, Inc, which operates the Sergio Tacchini tennis brand, and Sergio Tacchini IP Holdings, Inc, a holding company with the brand’s ...
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News briefsVista Outdoor acquires Fox Racing
Vista Outdoor, the parent of 39 sports and outdoor brands, announced it has entered into a definitive agreement to acquire Fox Racing, a global provider of high-performance motocross, mountain biking and lifestyle gear fromCalifornia. The purchase price is $540 million, with the possibility of earning an additional $50 million depending ...
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ArticleOdlo acquires British sailing brand Henri-Lloyd
Source: Odlo Knut Are Hogberg, CEO of Odlo Odlo has announced the acquisition of 60-year-old British sailing brand Henri-Lloyd, apparel partner of the GBR Sail GP team and Ineos Britannia. The acquisition comes just months after Odlo bought Janus, a merino apparel manufacturer, and underscores Odlo’s commitment ...
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News briefsFrasers Group buys stake in fashion marketplace MySale
Frasers Group, the owner of Sports Direct, has acquired a 28.7 percent stake in MySale, an off-price fashion marketplace headquartered in Sydney and listed on the London Stock Exchange (LSE). The financial terms of the deal have not been disclosed. In a filing with the LSE, Frasers explained that the ...
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News briefsWolverine sells Champion footwear license to HanesBrands
Wolverine Worldwide has announced that its wholly-owned subsidiary Keds, LLC has sold the Champion trademarks for footwear in the U.S. and Canada to HanesBrands Inc (its licensee for over 35 years) for $90 million in cash. As part of the agreement, Wolverine retains a perpetual license to continue using the ...
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ArticleThe Lycra Company announces new ownership
A group of financial institutions, including Lindeman Asia and Lindeman Partners Asset Management, has assumed full capital control of The Lycra Company.
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C-Suite InterviewPrivate Sport Shop and SportPursuit merge to form Sportscape Group
CEOs Adam Pikett and Sebastien Rohart gave some insights about one of e-com’s most exciting mergers in this exclusive SGI Europe interview.
