M&A – Page 22
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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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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
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 ...
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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
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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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
