M&A – Page 10
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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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![SebastienRohart(left)_AdamPikett(right)[84]](https://d1f00kj7ad54bu.cloudfront.net/Pictures/100x67/8/9/5/16895_sebastienrohartleft_adampikettright84_1804.jpg)
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.
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News briefsMondelēz to buy Clif Bar for $2.9 billion
Mondelēz International will buy Clif Bar & Company for $2.9 billion with the potential for additional payments. The goal is to complete the purchase in the third quarter. “Mondelēz International is the right partner at the right time to support Clif in our next chapter of growth,” Sally Grimes, chief ...
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News briefs
Liberated Brands acquires surfing brand Captain Fin
Surf lifestyle and hardgoods brand Captain Fin Co. has been acquired by Liberated Brands, the global master licensee for Volcom and Spyder. Based in San Diego, Captain Fin has been designing and building surfboard fins, clothing and surfing accessories since 2007. Liberated Brands, which has its global headquarters in Costa ...
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News briefs
Turtle Fur changes hands
IcebVenture 7 Advisors announced that private equity firm Camano Capital has acquired a majority stake in Turtle Fur, a Vermont-based manufacturer and distributor of headwear and accessories for the snowsports and lifestyle markets. Richard Sontag, owner of Turtle Fur, will retain a partial stake in the company. Venture 7 Advisors ...
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News briefsAltamont Capital Partners exits investment in Excel Fitness
After a six-year partnership with Excel Fitness, a Planet Fitness franchise group, California-based Altamont Capital Partners has exited its investment with the sale of the company Olympus Partners from Connecticut. As part of the transaction, which closed last month, Excel’s management team and founders worked with Altamont to establish a ...
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ArticleCoDi to acquire PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several sporting goods brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise ...
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News briefs
DuPont Biomaterials sold, reincorporated as Covation Biomaterials
Following the completion of the purchase from DuPont for approximately $240 million, the Chinese Huafon Group has reincorporated former DuPont Biomaterials as a stand-alone company under the name Covation Biomaterials headquartered in the U.S. state of Delaware. Covation aims to create sustainable building blocks for customers to make innovative bio-based ...
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ArticleArklyz continues to invest in retail businesses
First Shoe City store. © Arklyz Group Following Arklyz Group’s July 2021 acquisition of The Athlete’s Foot (TAF) from Intersport International Corp. and its acquisition of Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Germany, earlier this month, the acquisition-happy Swiss retail group ...
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News briefsTurkish footwear retailer apparently plans to take over 100 Reebok stores in Russia
According to Reuters, Turkish footwear retailer Flo Magazacilik is reportedly in the midst of negotiations to acquire more than 100 stores that Reebok owns and operates in Russia. The retailer is currently a wholesaler in Russia but does not operate its own stores there in the country. Authentic Brands, owner ...
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News briefsBemis acquires French company Protechnic
Bemis Associates, a U.S. manufacturer of thermoplastic films, tapes and adhesives for bonding catering to various industries, including sportswear, outerwear and intimates, has acquired France-based manufacturing company, Protechnic. The two companies have complementary products and technologies and a strong alignment in their corporate values and culture. Protechnic’s focus on global ...
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News briefs
Sports Marketing Survey acquires Culture of Insight
Survey specialists Sports Marketing Survey have acquired data preparation and visualization experts Culture of Insight. The two companies had previously formed a close partnership. The employees of Culture of Insight will be employed by Sports Marketing Survey from now on. Culture of Insight brings clients such as Eurosport, Formula1 and ...
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News briefsArklyz acquires sneaker retailer Asphaltgold
Arklyz, the owner since 2021 of The Athlete’s Foot, the sports lifestyle footwear banner previously owned by Intersport International (IIC), has added Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Darmstadt, Germany, to its portfolio. “The acquisition of Asphaltgold was a very strategic decision for us,“ ...
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News briefsSnipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
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News briefsUnited Sports Brands acquires Pearl Izumi from Shimano
California-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano. USB is a portfolio company of Bregal Partners, a private equity firm. Pearl Izumi has been part of the Japanese Shimano company since 2008. ...
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News briefsAmer completes sale of Suunto
Amer Sports and Liesheng have completed the transaction in which Amer sold Suunto to the Chinese technology company, first announced in January. Suunto will continue to focus on high-end outdoor wearables under its new ownership, the participating parties said. Rothschild & Co acted as financial advisor and Avance as legal ...
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ArticleFútbol Emotion changes hands
Fútbol Emotion is under new ownership and management. Meridia Capital has sold the large minority stake it had held since May 2018 to Grupo Tansley, which has now put together a majority stake, wresting control away from the founding Sánchez Broto family. No further details on terms or the size ...
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News briefsWahoo acquires RGT Cycling and launches Wahoo X subscription service
U.S. company Wahoo Fitness has added the virtual cycling platform RGT Cycling (now Wahoo RGT) to its ecosystem of training and community connection solutions. Wahoo RGT is a virtual cycling simulator platform using detailed virtual roads, to be cycled alone or with others. Routes can be picked either from a ...
