Reebok is seen reaching Ebitda of €200m by 2025
The Adidas Group has asked prospective buyers for the Reebok business to submit a first round of bids next week, according to Reuters, based on a projection that its sales will grow at an annual average rate of 10 percent in the next years, generating Ebitda of at least €200 ...
A second leg for Tennis-Point in the U.S.
Building up on its recent acquisition of Midwest Sports, which was completed last month, Signa Sports United (SSU) is consolidating its penetration of the U.S. market with a binding agreement to acquire Tennis Express, one of the country’s leading online tennis retailers. The two operations will be folded by SSU ...
On Running is again reported to be eyeing an IPO
On, the Zurich-based sports brand backed by Roger Federer, publicly denied a report in a Swiss newspaper last July that it was planning to go public in 2021. Citing a source close to the matter, Reuters reported again on April 30 that On was making preparations for an initial public ...
New Mavic Group presents a clear roadmap for the future
After last year’s insolvency of Mavic, the French bicycle component manufacturer previously owned by Amer Sports; its acquisition by the Bourrelier Group, was followed by a period of silence, at least on the surface. Order books were maintained at a high level. Now, with the unveiling of its latest product ...
Swiss chocolate family invests in Mammut
The Swiss Conzzeta Group had first announced on Dec. 9, 2019, that it would focus in the future on the sheet metal working segment, called Bystronic, and it recently confirmed the reorganization by renaming itself as Bystronic. After the sale of its Schmid Rhyner ioperations in early 2020 and the ...
The Hickies brand of no-tie shoelaces is for sale
Acting in behalf of Midcap Funding XVII Trust, which is Hickies’ main lender, Hilco Streambank is seeking bids for the acquisition of the American brand of no-tie shoelaces and related assets on its website by May 20 at the latest, setting a date of May 25 for their auction. The ...