M&A – Page 5
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News briefsAuthentic completes acquisition of Boardriders
Authentic Brands Group has confirmed the completion of the acquisition of Boardriders, the owner of the action sports and lifestyle brands Quiksilver, Billabong, Roxy, RVCA, DC Shoes, Element, VonZipper and Honolua. With the completion of the acquisition, Authentic says its annual retail sales total more than $29+ billion worldwide. ...
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ArticleWolverine sells Hush Puppies IP in China, divests US leather business
Wolverine World Wide, Inc. announced additional steps in the ongoing streamlining of its brand portfolio, including the sale of Hush Puppies intellectual property in China, Hong Kong and Macau, and the sale of its US Wolverine Leathers business. The portfolio transformation is expected to help the company become more efficient, ...
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ArticleMips invests in US sensor company
Swedish helmet safety specialist Mips AB has entered into an agreement to acquire 25 percent of Dallas, Texas-based sensor technology company Quintessential Design, Inc (Quin Design) for $7.3 million. Quin is an ingredient brand for event detection technology and has been providing specialized sensor fusion and software for helmet brands ...
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News briefsLimonta acquires Korean textile firm BATM
Italian textile company Limonta has announced the acquisition of BATM Co., Ltd., a Seoul-based firm that offers textiles for sportswear developed and produced in South Korea. The acquisition is meant to strengthen Limonta’s presence in Asia while enhancing its offer of innovative textiles for the world of fashion and luxury, ...
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News briefsQatar has acquired World Padel Tour to form unified Premier Padel circuit
Qatar Sports Investments (QSI), the owner of Premier Padel, has bought the rival tour World Padel Tour from its organizer, Spanish firm Damm, for an undisclosed amount. QSI intends to combine the two competitions into a unified global circuit starting in 2024. World Padel Tour and Premier Padel will continue ...
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ArticleEverysport Group sells media portfolio worth €3.8m
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, has reached an agreement with Better Collective A/S to divest a portfolio consisting of the brands and media sites SvenskaFans (Sweden’s largest online sports fan community with over 750 active contributors), Hockeysverige (the largest ice hockey news ...
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News briefsThe R&A and Golf New Zealand invest in tech solutions provider DotGolf
The R&A and Golf New Zealand have announced that they are forming a strategic partnership with DotGolf, an international provider of golf technology solutions. The partnership will see The R&A and Golf New Zealand take a 50 percent equity stake in DotGolf. Based in Auckland, New Zealand, DotGolf was formed ...
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ArticleJD Group to be sole owner of MIG
JD Sports Fashion Plc has announced that it has exercised its rights under a call option and entered into a conditional agreement to acquire the outstanding 40 percent minority stake of Marketing Investment Group S.A. (MIG) from its minority shareholders. The JD Group will now become the 100 percent sole ...
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ArticleNFL legend Tom Brady invests in British football club
American football legend, seven-time Super Bowl champion and entrepreneur Tom Brady has partnered with Knighthead Capital Management LLC to become a minority owner of Birmingham City Ltd. Brady will become chairman of the new advisory board and work directly with the board and members of the Birmingham City Football Club ...
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News briefsMike Ashley is reportedly eyeing an outlet shopping village near Leeds
British billionaire Mike Ashley, the founder of Sports Direct, has reportedly offered nearly £50 million (€58.4m) for Junction 32, according to The Times. Junction 32 is an outlet shopping village on the outskirts of the U.K. city of Leeds, in Yorkshire. The shopping destination, which features a retail space of ...
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ArticleAuthentic Brands adds another footwear brand to its portfolio
Authentic Brands Group (ABG) has today confirmed its acquisition of footwear brand Rockport after speculation in June of this year that it was the “stalking horse” bidder for The Rockport Company. ABG announced that the United States Bankruptcy Court for the District of Delaware has approved the sale transaction of ...
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News briefsBeverage mogul takes majority stake in Nobull
Impact Capital, the private equity arm of billionaire Mike Repole, last week acquired an unspecified majority stake in Nobull, a training footwear and apparel brand co-founded by ex-Reebok executives Marcus Wilson and Michael Schaeffer in 2015. His plans for the brand may include an eventual initial public offering. Repole, ...
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News briefs11teamsports acquires Kickz
11teamsports, one of Europe’s leading team sports specialists for products and team services, has acquired basketball and streetwear retailer Kickz. Kickz was founded in Munich in 1993 and is a multi-brand retailer specializing in basketball and sneakers. Zalando purchased Kickz in 2017 and sold it in late 2019 to Play ...
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News briefsApparel brand Kit and Ace bought by Unity Brands
Unity Brands Inc., a brand management and consulting firm, has acquired the Canadian technical lifestyle and apparel brand Kit and Ace Technical Apparel Inc. With the acquisition, Unity Brands aims to “propel Kit and Ace into a future marked by enhanced strategic initiatives, expanded market presence, amplified brand campaigns, elevated ...
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ArticleJD Sports to acquire all remaining shares of Iberian Sports Retail Group
JD Sports Fashion has announced its intention to acquire the remaining 49.98 percent stake in Iberian Sports Retail Group (ISRG), currently held by Balaiko Firaja Invest and Sonae Holdings, for a total cash consideration of €500.1 million, to be funded from the group’s existing cash resources. Upon completion of the ...
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News briefsCoats sells European zips business to Aequita
Shortly after the company announced the launch of a new footwear division, Coats Group, the British multinational specializing in the manufacture of yarns and structural components for apparel and footwear, announced the sale of its Opti Zips EMEA business to Aequita for an expected $1 million after the deduction of ...
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ArticleEverysport Group acquires equestrian sports media company
Stockholm-based Everysport Group AB, divided into the Everysport Media and Every Padel businesses, has reached an agreement to acquire equestrian media company Hippson Aktiebolag. The seller of the transaction is Perlavita AB, which is owned by AltoCumulus (a family business within the Axel Johnson Group). The acquisition complements Everysport’s existing ...
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ArticleInvestment company acquires Aqualung Group
Barings, a global investment manager, has entered into exclusive discussions to acquire 100 percent of Aqualung Group, owner of the Aqualung, Apeks, Aquasphere, Omer, Military Professional, Stohlquist and U.S. Divers brands of diving equipment and water sports. Aqualung, the Group’s best-known brand, pioneered the development of modern diving equipment in ...
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News briefsFrasers Group invests in electrical retailer AO World
Frasers Group, the owner of Sports Direct, has announced the purchase of a “strategic stake” in AO World, a retail group specializing in electrical goods based in Bolton, England, listed on the London Stock Exchange. The investment follows “productive talks over the last two years about establishing a strategic partnership,” ...
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ArticleSportmaster takes over one Decathlon store, while Russian offshoot reportedly sold and reopening
Russian sporting goods retailer Sportmaster has opened a new store under the Sportmaster Pro banner in the Raduga Park shopping center in Yekaterinburg, taking over a location previously occupied by Decathlon. This is the first time that Sportmaster has taken the place of the French retailer. In early 2023, the ...
