More corporate news – Page 27
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News briefsGym+Coffee closes financing round and raises €17 million to grow internationally
Irish athleisure clothing and accessories brand Gym+Coffee has closed a funding round, raising a €17 million investment by CastleGate Investments, led by Roy Barrett and Tommy Kelly, alongside California investment and marketing firm West Ventures. According to the Irish newspaper Independent.ie, Castlegate is headed by former Goodbody Stockbrokers managing director ...
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News briefsRenewed speculations about an Athleta spin-off from Gap
A recent report by Forbes has suggested, based on a comment by a Credit Suisse analyst, that the chances for an Athleta spin-off have risen “significantly” following the departure of Sonia Syngal, Gap Inc.’s former CEO. Syngal suddenly resigned effective immediately July 11 as Gap struggles with declining sales. She ...
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News briefsDeetect Bys, a new French sportswear brand
Cécile Mathieu, a 20-year-old basketball enthusiast from the French region of Dordogne, has created a new sportswear brand called Deetect bys (“be your success”). The brand targets pro athletes and amateurs alike. The self-taught entrepreneur was trained through online courses, Actu.fr has reported. Mathieu currently offers a collection of two ...
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News briefsPGA of America and Elysian Park Ventures create investment vehicle for golf startups
PGA of America and Elysian Park Ventures have created EP Golf Ventures, a new investment partnership designed to support innovation in the golf industry. PGA of America and Elysian Park directly committed capital to the fund and are now selecting additional investors. Elysian Park Ventures, the private investment arm created ...
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LA Dodgers ownership and PGA create investment fund
The PGA of America and Elysian Park Ventures – private investment arm of the ownership group behind the Los Angeles Dodgers baseball team – have founded a new limited liability company operating out of Los Angeles, New York and London. Called EP Golf Ventures, the company “provides entrepreneurs with strategic, ...
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News briefsJD Sports reportedly bows to CMA, talking to potential Footasylum buyer
U.K.-based JD Sports Fashion was in exclusive talks to sell Footasylum to German private equity investor Aurelius Group, a Sky News reporter said Wednesday in a tweet followed by an article on the Sky website. The negotiations are the result of a months-long dispute with the U.K.’s Competition and Markets ...
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News briefsNike invests $3 million in HBCU college
Source: Pensole Academy D’Wayne Edwards Pensole Lewis College of Business & Design, an HBCU (historically black colleges and universities) in the U.S. state of Michigan owned by former Jordan Brand designer D’Wayne Edwards, announced that Nike is investing $3 million in the college over three years. According ...
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News briefsKizik closes $20m Series B funding round
The Utah-based brand Kizik and its parent company, HandsFree Labs Inc., have announced the closing of a $20 million Series B funding round. According to a company statement, Kizik will use the funds to launch a Kizik childern’s line and build up a retail network of Kizik stores. The funding ...
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ArticleFrasers Group’s former auditors fined in the U.K.
The U.K.’s Financial Reporting Council (FRC) has sanctioned the firm of Grant Thornton and its former partner Philip Westerman for insufficient rigor in audits.
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News briefsPádel Nuestro has a new owner, looks to Japan and the U.S.
Business is brisk in pádel. As Technifibre CEO Nicolas Préault said in our recent interview with him, “Padel is booming as l have never seen a sport boom before.” On July 6, by infusing capital and acquiring stakes, Ergon Capital Group has taken a majority position in 360° Padel Group, ...
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Lululemon details growth course in China
China is set to become Lululemon’s second most important market worldwide in 2026. This was specified by CEO Calvin McDonald. In an interview with China Daily he said: “Our new goal is to quadruple our international business again by 2026. The Chinese mainland will be a big part of that ...
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News briefsH&M to pull out of Russia for good
Swedish fashion chain H&M has announced its complete withdrawal from Russia. The exit won’t be cheap.
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News briefsNautilus’ JRNY members surpass 360,000, number continues to grow
Source: Nautilus JRNY Nautilus, Inc., provided an update on the growth of JRNY®, the company’s personalized connected fitness platform. As of June 30, 2022, JRNY membership exceeded 360,000, the company said, representing growth of approximately 13 percent in the seasonally slower quarter ended June 30. As a ...
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News briefsHeydude unveils new logo and look
Source: www.facebook.com/HeyDudeShoesUSA Heydude new logo After being acquired by Crocs for $2.5 billion earlier this year, the casual footwear brand Heydude has on July 11 unveiled a new logo via its social media accounts that was co-determined by the brand’s fans through focus groups in the U.S., ...
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News briefsJD Sports to build new headquarters with space for 2,000 employees
As reported by BusinessLive, JD Sports has drawn up plans to build a new corporate HQ in Greater Manchester. The proposed 2.3-hectare site is next to the current headquarters and expected to include 8,045 square meters of gross floor area and 172 parking spaces. According to documents filed with the ...
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News briefsActress Priyanka Chopra and husband invest in luxury sportswear brand Perfect Moment
Perfect Moment, a luxury fashion and sportswear brand founded in 1979 in Chamonix, France, by Thierry Donard, a French racer turned filmmaker, announced that Priyanka Chopra Jonas, an award-winning actress, producer, philanthropist, activist and entrepreneur, and her husband Nick Jonas, a Grammy-nominated artist, songwriter and actor, have partnered with the ...
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News briefsPeloton exits own manufacturing, shifts to third-party provider
Peloton Interactive announced that it will discontinue all of its own manufacturing operations and expand its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp, a Taiwanese manufacturer with over 50 years of experience. The move is the next step in Peloton’s strategy to cut costs, simplify its supply chain ...
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News briefsVista’s Foresight Sports becomes Callaway Golf’s official partner for launch monitor technology
Callaway has launched a long-term plan to integrate the technology of Foresight Sports – a Vista Outdoor company – into its global brand network, including Topgolf and Toptracer. As a result, Foresight Sports, the leading developer of professional tee monitors, has become an official partner of Callaway Golf and the ...
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ArticleNew brand to replace all Sport 2000 private labels from summer 2023
Beginning with the 2023 summer season, Sport 2000 International’s new Witeblaze brand of durable, versatile products is set to replace all of Sport 2000’s current private label brands, according to the company’s Internet blog. This is the company’s response to the social trend of “buy less, buy better.” “Often, high-quality, ...
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ArticleAuthentic Brands Group settles lawsuit with Bolt, becomes shareholder
Authentic Brands Group (ABG), the owner of Reebok and other global brands, has settled out of court and agreed to dismiss its lawsuit against Bolt Financial Inc. ABG said that it would continue to partner with Bolt to offer “one-click” checkout capabilities to ABG’s brands Forever 21 and Lucky Brand. ...
