More corporate news – Page 7
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News briefsCricketer Deepak Chahar launches new sports brand in India
Deepak Chahar, the 31-year-old cricketer who plays in the Indian Premier League and team India, has officially launched a new sports brand called Dnine Sports. The brand will be incorporated under Lcdc Athletics Private Ltd., which Chahar co-founded with his father, Lokendra Singh, last year. Dnine’s products, designed to enhance ...
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News briefsGolden Goose could be next to go public
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
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News briefsAdidas opens new state-of-the-art automated distribution center in China
Adidas has partnered with Geek+, a specialist in mobile robots for logistics, to announce the opening of its state-of-the-art automated distribution center in Suzhou, China. The 139,000-sqm fully automated warehouse and distribution center sets a new industry standard with its high level of speed and flexibility in warehouse logistics. It ...
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News briefsBiotech company MycoWorks opens US factory for leather alternatives
Biotechnology company MycoWorks has begun production at its 12600-sqm factory in Union, South Carolina, making it the world’s first large-scale leather alternatives factory. The facility is capable of producing large quantities of the alternative leather material produced with Fine Mycelium technology. MycoWorks currently counts Hermès and General Motors among its ...
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ArticleAsian sneaker marketplace Novelship secures $9.5 million in Series B funding
Novelship, a Singapore-based marketplace founded in 2018, has received US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners and GSR Ventures. The company said the new funding will accelerate its efforts to strengthen its brand presence across Southeast Asia. This includes improving logistics capabilities, refining ...
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News briefsGoldman Sachs creating sports franchise division
Financial services firm Goldman Sachs is developing a new global division called Sports Franchise in Investment Banking, according to The Wall Street Journal, which first reported the plan, and other press sources. The new division is meant to offer wealthy clients worldwide more opportunities for investment in teams and other ...
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News briefsNike shareholders reject human rights proposals
At Nike’s annual meeting on Sept. 12, shareholders rejected proposals calling for more detailed reporting on employee pay by race and gender and better tracking of forced labor and wage theft risks in the company’s supply chain. The wage gap proposal came from Arjuna Capital and was supported by proxy ...
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ArticleGowalking.com goes online to unite fitness walkers worldwide
On Sept. 12, Gowalking.com launched a start-up founded by Jeremy Goldstein with the goal of connecting and supporting the world’s estimated 1.2 billion fitness walkers by providing a simple and innovative platform to find and join local walking groups and receive the latest walking fitness news. Gowalking.com ...
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News briefsPogo celebrates 40 years
The longest-serving snowboard company in Europe, Pogo, is turning 40 this year. To this day, all boards are handmade in the manufactory in Löwenstein in southern Germany. On Saturday, Sept. 16, Pogo will open its doors at noon for an open house event, including the board production, the affiliated snowboard ...
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News briefsSwedish Stiga Sports expands presence in racquet sports segment
Swedish company Stiga Sports, already well established in the table tennis and padel segments, is expanding its focus to tennis. There are an estimated 400,000 active players in Sweden alone, with 105,000 registered, so the market is huge, according to the company. In the first step, three variants of the ...
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News briefsNew Era Cap reportedly preparing for IPO
According to a Reuters report based on trusted sources who wish to remain anonymous, Buffalo, New York-based New Era Cap, best known for its official licensing partnerships with MLB and the NFL, has begun preparations for an initial public offering in New York that could be valued at $4 billion ...
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ArticleA1 Padel, unfazed, looks to US
Fabrice Pastor, himself a former professional player, remains optimistic about the world’s third-largest pádel league, A1 Padel – known until this past January as the APT Tour. He is optimistic in the face of the recent unification of the world’s top two leagues, World Padel Tour (WPT) and Premier Padel. ...
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News briefsXponential Fitness signs deal with Gympass, cites 3-year operating targets
The largest global franchisor of boutique fitness brands has issued new operating targets for 2026 that include systemwide sales of $2.33 billion, revenues of $405 million and adjusted Ebitda of $190.0 million as it opens 500 new studios. Xponential Fitness, which generated a 9 percent increase in Q2 net profit ...
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News briefsAmer Sports confidentially files for IPO
Amer Sports, the Finland-based company controlled by Anta Sports and parent of Salomon, Wilson, Atomic, Arc’teryx, Peak Performance, Armada and other brands, has confidentially filed for an initial public offering in the USA to offer between $1 and $3 billion of its equity, Bloomberg reports, citing sources familiar with the ...
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News briefsSports stars back Apex Capital’s new €50 million sports fund
Lisbon-based Apex Capital, an investment firm that partners with professional athletes, has announced the launch of its new €50 million Elite Performance Fund. Formula One drivers Carlos Sainz, Lando Norris and Valtteri Bottas are among the sports stars confirmed as part of the new fund. Other backers include Manchester United’s ...
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News briefsAre Visa and Mastercard raising fees?
The Wall Street Journal reported on Aug. 30 that, according to company documents it had seen and sources it had spoken with, Visa and Mastercard would be raising interchange fees – that is, the fees charged to merchants when they accept customer credit cards. The rise was to occur this ...
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News briefsTraceability specialist Haelixa receives capital injection from ZSIG
Switzerland-based Haelixa has announced that it has received a new capital injection from the Zürich Silk Association (ZSIG). Haelixa offers proprietary solutions to physically mark, trace, and authenticate products along the consumer goods supply chains, empowering textile and fashion companies to make more responsible choices. Its founders developed the concept ...
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News briefsVölkl celebrates 100 years “Made in Germany” with limited-edition skis
Source: Völkl Limited Edition 1923 Mantra German ski manufacturer Völkl is currently celebrating its 100th birthday. Since its founding in 1923 by Franz Völkl, the Bavarian company has become Germany’s largest and last remaining major ski manufacturer and has been operating worldwide for decades. To properly celebrate ...
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News briefsTopgolf Callaway Brands among investors in EP Golf Ventures’s first investment fund
EP Golf Ventures, a strategic investment partnership between Elysian Park Ventures and the PGA of America designed to support innovation in the golf industry, has announced the completion of the first closing of its first investment fund, EP Golf Ventures Fund I. Selected investors in EP Golf Ventures Fund I ...
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News briefsPou Chen with further layoffs in Vietnam
Pou Chen Corp, the world’s largest athletic footwear manufacturer, has told authorities that it will lay off 1,221 people on permanent contracts at its Ho Chi Minh City factory in Vietnam. Since the beginning of the year, Pou Chen has reduced the number of employees at the factory, which was ...
