News briefs - Corporate and M&A – Page 35
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News briefsBase Detall Sport to enter Portugal
Base Detall Sport is entering Portugal, according to CMDsport. The Spanish sporting goods purchasing group, founded in Barcelona in 1985 and a former member of Sport 2000 International, has signed a deal with Brands Leaders to clap its banner or that of Wanna Sneakers onto many of the latter’s Portuguese ...
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News briefsBorn Living Yoga plans to launch in America
Born Living Yoga, the Madrid-based company specializing in yoga apparel, plans to launch in Mexico this coming autumn through a partnership with Liverpool, Modaes.es has reported. This is supposed to be the first step toward the brand’s expansion across the American continent at large. Born Living Yoga will initially open ...
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News briefsTurkish footwear retailer apparently plans to take over 100 Reebok stores in Russia
According to Reuters, Turkish footwear retailer Flo Magazacilik is reportedly in the midst of negotiations to acquire more than 100 stores that Reebok owns and operates in Russia. The retailer is currently a wholesaler in Russia but does not operate its own stores there in the country. Authentic Brands, owner ...
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News briefsBoris Becker International Tennis Academy stands loyal to its namesake
The founders of the Boris Becker International Tennis Academy (BBITA) in Hochheim am Main (Germany), Khaled Ezzedine and business partner Daniel Köhler, stand firmly by their namesake Boris Becker, even after the latest developments. The German ex-tennis pro was sentenced to two and a half years in prison in London ...
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News briefsItochu acquires marketing and licensing rights for Reebok in Japan
Tokyo-based Itochu Corporation announced that it has reached an agreement for Reebok’s marketing and licensing rights in Japan. Reebok is owned by New York-based Authentic Brands Group (ABG). Adidas formally completed the divestiture of Reebok to ABG on Feb. 28, 2022. Itochu will start operations via Locondo, Inc., which is ...
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News briefsPlanet Fitness expands into New Zealand
Planet Fitness, an American franchisor and fitness center operator based in Hampton, New Hampshire, signed a territory development agreement with Castle Point Fitness NZ Ltd. to expand the brand into New Zealand. Castle Point is a joint venture between the founder of The Fresnel Companies, a U.S. investment firm with ...
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News briefsBemis acquires French company Protechnic
Bemis Associates, a U.S. manufacturer of thermoplastic films, tapes and adhesives for bonding catering to various industries, including sportswear, outerwear and intimates, has acquired France-based manufacturing company, Protechnic. The two companies have complementary products and technologies and a strong alignment in their corporate values and culture. Protechnic’s focus on global ...
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News briefs
Endur Apparel rebrands to Outway
Performance sock brand Endur Apparel has announced that it will now be operating under its new brand name Outway. This new brand positioning will be fueled by a $3.2 million investment led by Andrew Wilkinson of Tiny. Other investors include Shane Parrish, Jason Warner, Jonathan Becker, Rasool Rayani, Ben Moore, ...
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News briefs
Sports Marketing Survey acquires Culture of Insight
Survey specialists Sports Marketing Survey have acquired data preparation and visualization experts Culture of Insight. The two companies had previously formed a close partnership. The employees of Culture of Insight will be employed by Sports Marketing Survey from now on. Culture of Insight brings clients such as Eurosport, Formula1 and ...
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News briefsArklyz acquires sneaker retailer Asphaltgold
Arklyz, the owner since 2021 of The Athlete’s Foot, the sports lifestyle footwear banner previously owned by Intersport International (IIC), has added Asphaltgold, a European omnichannel provider of high-end sneakers and streetwear based in Darmstadt, Germany, to its portfolio. “The acquisition of Asphaltgold was a very strategic decision for us,“ ...
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News briefsSnipes acquires Croatian retailer Shooster
Following its successful expansion into Poland (acquisition of the Distance fashion chain in June 2021) and the takeover of the American retail chains Jimmy Jazz and Expressions in the same year, Cologne-based sneaker and streetwear retailer Snipes is continuing its expansion course with the acquisition of Croatian retailer Shooster. Alongside ...
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News briefsUnited Sports Brands acquires Pearl Izumi from Shimano
California-based United Sports Brands (USB), owner of Spalding, Nathan, Shock Doctor and KT Tape, among others, has acquired the bike apparel brand Pearl Izumi from Shimano. USB is a portfolio company of Bregal Partners, a private equity firm. Pearl Izumi has been part of the Japanese Shimano company since 2008. ...
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News briefsAmer completes sale of Suunto
Amer Sports and Liesheng have completed the transaction in which Amer sold Suunto to the Chinese technology company, first announced in January. Suunto will continue to focus on high-end outdoor wearables under its new ownership, the participating parties said. Rothschild & Co acted as financial advisor and Avance as legal ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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News briefs
Pou Sheng issues Q1 profit warning
Pou Sheng International, the distribution and retail subsidiary of Yue Yuen, will have a significant drop in profits and sales in the first quarter due to the re-emergence of Covid-19 in key Chinese markets, including Shanghai. Citing the pandemic’s impact on consumer demand and sentiment accelerated by lockdown measures taken ...
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News briefsDescente Ltd. transfers overseas sales to Japanese subsidiary
Descente Ltd., the Japanese company that holds territorial licenses or trademark rights for several western brands besides its own, has opted to shift all of its international product sales to its consolidated subsidiary, Descente Japan Ltd. For the year ended March 31, 2021, the transferred business that was created ...
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News briefsWahoo acquires RGT Cycling and launches Wahoo X subscription service
U.S. company Wahoo Fitness has added the virtual cycling platform RGT Cycling (now Wahoo RGT) to its ecosystem of training and community connection solutions. Wahoo RGT is a virtual cycling simulator platform using detailed virtual roads, to be cycled alone or with others. Routes can be picked either from a ...
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News briefs
Footway receives new capital
The Swedish Footway Group has received new equity capital, according to ehandel.se. The company secured about SEK 127 million (€12.2m) gross, about 85 percent of the SEK 150 million the company had initially hoped to raise. Just over SEK 100 million (€9.6m) came from real estate investor Rutger Arnhhult, who ...
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News briefsSave the Duck has new majority stakeholders
Milan-based private equity firm Progressio SGR has sold its majority stake in Save the Duck to Reinold Geiger and André Hoffmann, respectively chairman and CEO of L’Occitane International. Both Geiger and Hoffmann, who already held a minority stake in the down-free outerwear specialist, are investing in their personal capacity through ...
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News briefs
AGB potential bidder for Ted Baker
According to SkyNews, the New York-based Authentic Brands Group (AGB), which owns brands like Reebok, David Beckham and Juicy Couture, is exploring a bid for the London-listed fashion brand Ted Baker, owner of hundreds of standalone stores and concessions globally, that is just restructuring its business after financial torrents in ...
