Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank van Wezel's son, Ed van Wezel, said the group has been holding talks with Cherokee a while back for a potential partnership on apparel development. He added that Hi-Tec was growing and investing, for example with the opening of store adjacent to its French office in Les Houches, near Chamonix, and another on a central location near the Vondelpark in Amsterdam, focusing on walking products.
Related articles
-
ArticleCourt lifts Swedish sales ban after Hövding’s bankruptcy - but there's a catch
It’s hard to understand what has been happening in Sweden for several months on Hövding’s back. The company, which had developed and sold a very popular airbag collar for cyclists, had to file for bankruptcy shortly before Christmas because the Swedish Consumer Protection Agency had banned the sale of the ...
-
News briefsSwiss Stromer and US bike fintech offer e-bike leasing in the US
Stromer, the Swiss e-bike technology pioneer, has partnered with Colorado-based The Sweet Spot, a bicycle fintech company, to offer long-term e-bike leasing and management in the US. This new leasing option makes Stromer’s premium Class 3 commuter e-bikes accessible to even more riders, supporting the brand’s mission to shape the ...
-
News briefsMultiple purchase bids to save Renewcell
The Renewcell bankruptcy trustee has confirmed that “multiple bids” have been made for the business and assets of Swedish textile recycler Re:NewCell AB (Renewcell). The deadline for receiving purchase offers was March 28. These offers will now undergo a review process, with final closing expected in mid-April. The Board ...