News briefs - Corporate and M&A – Page 5
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News briefsSaudi Arabia’s SURJ is reportedly weighing investing in World Athletics
The fund is considering investing in a new body that World Athletics may set up to manage its commercial rights, Reuters has reported.
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News briefsBoozt doubles its lay-offs to 20% of its workforce
Twenty percent, instead of ten, lost their jobs as Boozt increased its use of AI.
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News briefsFenix Outdoor acquires controlling interest in Norway-based Devold
Fenix Outdoor International AG has announced the acquisition of a 65 percent stake in Devold of Norway AS.
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News briefsAuction puts The Hundred’s value over €1bn
Ownership of The Hundred, the UK cricket league so named for its unique 100-balls-a-side style of play, has complexified.
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News briefsSports Direct owner Frasers Group abandons XXL ASA bid
Frasers Group will not pursue a voluntary offer for shares in XXL ASA at NOK 10 (€0.86) per share.
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News briefsKontoor acquires Helly Hansen for $900m
Kontoor expects Helly Hansen to generate more than $680 million of revenue and $80 million of adjusted Ebitda for full-year 2025.
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News briefsZelus Sport receives investment from Sullivan Street Partners
Zelus is Nike Inc.’s exclusive authorized global licensee for team sports.
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News briefsReports: Castore considers eventual IPO
The decade-old UK sportswear brand, led by sibling founders Tom Beaton and Phil Beaton, is reportedly considering an eventual initial public offering (IPO) for the business.
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News briefsKantar Group proposes the sale of Kantar Media to H.I.G. Capital
The contemplated transaction is expected to support Kantar Media’s growth trajectory as a global powerhouse in media measurement and analytics.
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News briefsHavas acquires CA Sports
The acquisition will consolidate Havas’ sports marketing expertise and its sports marketing offering in the Spanish market.
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News briefsPickleball company opens up 10 new locations
On January 25th in Nashville, TN, Pickleball Kingdom announced the grand opening of its newest franchise location. Ten more is to come.
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News briefsDanish company becomes major share holder in Fenix Outdoor
The Danish retail conglomerate behind brands like Jack & Jones and Vero Moda, has increased its stake in Fenix Outdoor.
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News briefsNew round of layoffs at VF Corporation
The owner of Vans, The North Face and other popular brands is going through a major turnaround plan.
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News briefsNFL Christmas Day games on Netflix attract over 30 million global viewers
2024 was Netflix’s most-watched Christmas Day ever in the US, said the broadcaster, and viewers from 218 countries and territories overall watched at least one of the games.
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News briefsPlanet Fitness keeps up the pace – opened up 150 clubs in 2024
Planet Fitness, which ended 2024 with 19.7 million members and sales growing 5.0 percent year over year, says it has “just scratched the surface” of international expansion.
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News briefsDecathlon Spain to close its logistics center in Seville
According to CMD Sport, Decathlon has officially closed its logistics center in Seville as of December 31, 2024.
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News briefsFIS and ESA work together to drive sustainability in snow sports
A new partnership uses space technology to address sustainability challenges in snow sports.
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News briefsFrasers Group signals intention to buy XXL
Frasers Group, which owns 25.8 percent of XXL, has announced its intention to voluntarily offer all outstanding shares of XXL ASA.
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News briefsFrasers Group cancels XXL’s plan, forcing it to set up new company to solve crisis
At the recent extraordinary general meeting, the UK-based Frasers Group stopped an attempt to raise NOK 600 million (€60m) to stop an acute liquidity crisis.
