More corporate news – Page 6
-
News briefsGolfForever secures $10 million in funding
US company GolfForever has developed a product allowing golfers of all skill levels to train at home. Engineered by experts in both technology and fitness, the company now announced the successful closure of a $10 million Series A funding round. Two high-profile golfers, South Korean PGA Tour winner Tom Kim ...
-
News briefsXponential updates FY23 operating highlights
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, which generated $1.4 billion in systemwide sales and 16 percent same-store sales growth in 2023, has updated its FY23 operating highlights. This includes an increase in the number of studios to 3,062 and total licenses to 6,255 across ...
-
ArticleOn Holding plans further expansion, but no Tiger signing
Swiss company On Holding, which had a phenomenal 2023 in terms of sales and profitability growth, is promising to unleash a plethora of new products over the next 10 to 24 months and be a player at the Paris Games (including new uniforms for the Swiss National Team) this summer, ...
-
News briefsAmer Sports files registration statement for planned IPO in the US
Finnish Amer Sports, Inc., which includes the Arc’teryx, Salomon, Wilson, Peak Performance and Atomic brands, among others, announced on Jan. 4, 2024, that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The ...
-
ArticleJD Sports cuts profit forecast due to weak consumer spending
After sales at JD Sports Fashion’s sales fell short of expectations in the 22 weeks to December 30, the British retailer, which owns Go Outdoors, Blacks, Millets and other retail brands, lowered its profit guidance for the full year. According to the company, organic sales growth at constant currency ...
-
News briefsAdidas to set up GCC in East India
According to reports in Indian media, Adidas is setting up its first and only global capacity center (GCC) in Asia outside China in the eastern Indian city of Chennai. The location will enable the company to focus on key processes within the organization. Adidas has a headquarters in Gurugram, but ...
-
ArticleFairmonde Golf welcomes LPGA golfer Angel Yin as a shareholder
Fairmonde Golf, an eco-friendly women’s golf apparel brand based in Wyoming, announces that US LPGA professional Angel Yin, an esteemed role model in the golf industry, has become a substantial shareholder in the brand. Yin, known for her outstanding performances at the Buick LPGA Shanghai and her prestigious win at ...
-
ArticleXponential Fitness closes master franchise agreement for Pure Barre and YogaSix in Japan
US-based Xponential Fitness, Inc., a global franchisor of boutique fitness brands, announced the signing of a master franchise agreement for Pure Barre and YogaSix in Japan with Sunpark Co. Ltd. Sunpark has committed to open at least 50 franchise studios for Pure Barre and Yoga Six in the country. The ...
-
News briefsSkechers opens distribution hub in Mumbai
Skechers opened a national distribution center near Mumbai, India. The 55,700-sqm facility is located in the Lodha Industrial and Logistics Park in Kalyan and has the capacity to dispatch up to 60,000 pairs of shoes daily. The site represents the initial phase of a strategic partnership to develop a 102,000-sqm ...
-
News briefsSelfridges seeks debt financing after Signa insolvencies
Following the wave of insolvencies that have hit the Signa Group, British department store chain Selfridges Group is reportedly in talks with the Thailand-based Central Group to negotiate future financing to settle outstanding debts. Signa bought Selfridges together with Central Group last year for £4 billion. Central became the majority ...
-
News briefsSigna Prime Selection files for insolvency
Signa Prime Selection AG, the Swiss-based luxury real estate company of René Benko’s Signa Group, has filed for insolvency proceedings in self-administration with the Commercial Court of Vienna, according to a press release issued by the group on Dec. 28. “[…] The Executive Board has also applied for the adoption ...
-
ArticleFootway Group announces extraordinary general meeting, restructuring nearing completion
E-commerce company Footway Group AB has convened an extraordinary general meeting for its shareholders on Jan. 25, 2024, at the company’s premises in Kista, Sweden. The company stated in a press release that it “will shortly apply for plan negotiations to complete the reconstruction formally,” and it is expected to ...
-
News briefsCoDi receives $75.2m through private placement
Compass Diversified (CoDi), the Connecticut-based owner PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, completed a $75.2 million private placement offering of approximately 3.6 million of its common shares to an Allspring Global Investments mutual fund for $21.18 per share. “We are thrilled to receive this substantial investment from Allspring,” commented ...
-
ArticlePádel Nuestro ups its year-end sales forecast
Pádel Nuestro Group is forecasting an increase in annual sales of 27 percent, to €65 million, for full-year 2023, according to CMDsport. This is up from November’s forecast of €62 million. E-commerce should account for about 55 percent of the total. In what parent company 360 Padel Group’s CEO is ...
-
News briefsVF Corp. operations impacted by cyber attack
The Vans, the North Face, and Timberland parent VF Corp. disclosed its Dec. 13 discovery of cyber attack breach on its systems in a public filing. The group, which has initiated an incident investigation with experts and been forced to shut down some systems, confirmed that that cyber attack has ...
-
ArticleSurface-analysis company gets a funding boost
Raw Stadia, a Belgo-British company that produces a computer system for the analysis of natural playing surfaces, has raised €1.5 million in a funding round from such investors as LRM, Noshaq, LeanSquare, the former footballer Jan Vertonghen and the entrepreneur Bart Claes, CEO of JBC. According to Raw Stadia’s co-founder ...
-
News briefsAlibaba invests another $630m in Lazada
China’s Alibaba Group Holding has invested an additional $634 million into Singapore-based e-commerce subsidiary Lazada to drive additional growth and compete against TikTok and others in the Southeast Asian market. TikTok, which is owned by Chinese technology group ByteDance, has announced that it will acquire a 75 percent stake in ...
-
News briefsNew US ski and snowboard goggle company launched
ArgentaWorks, a Park City, Utah-based ski and snowboard goggle company, announced its official launch on Dec. 5. Source: ArgentaWorks Tuscarora Among ArgentaWorks’ first offerings is the Tuscarora, the company’s flagship goggle. Each pair comes with two interchangeable lenses that offer full spectrum UV protection, anti-fog and anti-scratch ...
-
ArticleArena has become a Benefit Corporation
Arena has changed the legal status of its parent company in Italy to a Società Benefit, a purpose-driven corporate model known worldwide as “Benefit Corporation.” The transition was made with the support of Italy-based NATIVA - Regenerative Design Company, which supports companies in a radical evolution towards regenerative economic models. ...
-
News briefsNew Balance commits $10 million to new sports leadership institute at UMass Boston
The University of Massachusetts Boston (UMass Boston) has announced a commitment of $10 million from New Balance Athletics, Inc. to establish the New Balance Institute for Innovative Leadership in Sport at the university. The donation will provide operational funds to launch the institute. The New Balance Institute for Innovative Leadership ...
