News briefs - Corporate and M&A – Page 8
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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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News briefsHanesBrands evaluates strategic options for its Champion brand, weighs potential sale
HanesBrands has announced that its board and executive team are assessing strategic options for the global Champion business, including “a potential sale or other strategic transaction,” the company said in a statement. That does not mean that the assessment process will result in any particular transaction or strategic outcome regarding ...
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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 briefsFormer Puma MD for India & Southeast Asia to buy India’s largest athletic footwear manufacturer
Source: Puma Abhishek Ganguly India Retailing has reported that Agilitas Sports, co-founded by former Puma India & South East Asia Managing Director Abhishek Ganguly, will acquire Mochiko Shoes for an undisclosed amount. Agilitas Sports is a platform for sportswear and athleisure solutions, while Mochiko is India’s largest ...
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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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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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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 briefsManchester United will reportedly be taken off the market
The Daily Mail has revealed that the Glazers are going to take Manchester United off the market after failing to get close to their anticipated asking price. The newspaper cites “a source with long-standing close ties to the American family.” Reports in February suggested that a Qatar-based consortium of private ...
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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 briefsCoats completes sale of European Zips business
Coats said that it has completed the sale of its low-margin European Zips business. In July, the British industrial thread and global footwear component manufacturer, announced that it had entered into an agreement to sell its European Zips business to Aequita for an expected nominal cash consideration of around $1 ...
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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 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. ...
