Latest Corporate and M&A

  • Kent_Outdoors__Logo
    Article

    ​New CFO for Kent Outdoors, secures $100m credit facility, plans sale of bike business

    2024-04-20T12:07:00Z

    US group Kent Outdoors, which comprises 15 outdoor and action sports brands, including HO/Hyperlite, Connelly, Liquid Force, Onyx, Aquaglide, Barefoot/Fatsac and Bote, has appointed Rob Otto to the company’s leadership team as Chief Financial Officer. Otto joined Kent after successfully completing the sale of RW Designs, a wholesale and direct ...

  • Hövding logo
    Article

    Court lifts Swedish sales ban after Hövding’s bankruptcy - but there's a catch

    2024-04-10T07:55:00Z

    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 ...

  • the kinetic group
    Article

    CSG’s acquisition of Kinetic Group is fully backed by JP Morgan Chase

    2024-04-09T08:17:00Z

    Czechoslovak Group (CSG) has issued a statement reaffirming its commitment to the proposed acquisition of Vista Outdoor’s sporting goods business – recently renamed The Kinetic Group – for a total consideration of $1.91 billion, with fully committed financing from leading US bank JP Morgan Chase. CSG also highlighted the benefits ...

  • Managing Director Polartec Eric Yung
    Article

    Polartec’s Eric Yung: Leading the charge in outdoor apparel innovation and sustainability

    2024-04-03T12:19:00Z

    In this exclusive article, Polartec’s Eric Yung shares his journey within the company, his principles as a leader and his thoughts on the current strength and growth opportunities within the sporting and outdoor goods industries.

  • Samsonite Logo
    Article

    Samsonite aims for dual listing

    2024-04-03T09:33:00Z

    Samsonite International S.A., the parent company of Gregory, High Sierra and a number of travel luggage brands, announced that the company’s Board of Directors has authorized management to seek a listing of the company’s shares on a second leading stock exchange in addition to the Hong Kong Stock Exchange. The ...

  • SCOTT-LOGO
    Article

    Big trouble looming between Youngone and Scott

    2024-04-02T16:54:00Z

    Source: Scott Sports Beat Zaugg Shortly before the Easter weekend, the Board of Directors of Scott Sports – with the full support of majority shareholder Youngone Corporation – issued a press release announcing the dismissal of long-serving CEO Beat Zaugg with immediate effect. Youngone presented the financial ...

  • 2024_YAM_CPR_YMME_EU_STA_001_03
    Article

    Yamaha to start European e-bike drivetrain production in France

    2024-03-29T18:05:00Z

    On March 26, Yamaha Motor Europe N.V. (YME) and Yamaha Motor Manufacturing Europe S.A.S (YMME) celebrated the inauguration of a completely new production line for e-bike drivetrains at their French plant in Saint Quentin. The facility in Saint Quentin is the production site of the former two-wheeler and engine manufacturer ...

  • Revelyst_Logo_COMBOMARK_STACKED
    Article

    Vista Outdoor’s transformation is moving forward

    2024-03-24T22:37:00Z

    Vista Outdoor announced that the US Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 filed by its subsidiary Revelyst, Inc. in connection with the proposed acquisition by Czechoslovak Group a.s. (CSG) of Vista’s The Kinetic Group business. The announcement is a key achievement in ...

  • Juha Latvala Sasta
    Article

    CEO Juha Latvala: Sasta needs to “make more noise”

    2024-03-19T10:15:00Z

    Finnish brand Sasta is taking outdoor and hunting apparel to the global market.

  • spinnova-Logo
    Article

    Spinnova reports disappointing FY, announces new strategy and job cuts

    2024-03-16T08:39:00Z

    Finnish sustainable fiber production specialist Spinnova, listed on Nasdaq First North Growth Market Finland, has closed its financial year 2023 with high losses and declining sales and has therefore announced a new strategic direction and a resulting reduction in staff. In 2023, Spinnova generated revenue of €10.6 million, which was ...

  • Klean Think Better
    Article

    Klean Kanteen acquired by Think Better Group

    2024-03-08T07:38:00Z

    Klean Kanteen, a family- and employee-owned company known for reusable stainless steel beverage and food containers, has been acquired by the Think Better Group in partnership with the ABN AMRO Sustainable Impact Fund. Klean Kanteen, the original clean reusable water bottle, was founded over 20 years ago in the foothills ...

  • KTAW23_For_HerBy_Her_Campaign_36
    Article

    Georgina Kirby: "At Kari Traa we resonate with women"

    2024-03-07T14:04:00Z

    Discover how Kari Traa’s General Manager navigates gender equality, community-building and the empowerment of women.

  • All in Biking
    Article

    Ambitious Spanish cycling app gets an update

    2024-03-05T16:36:00Z

    In its quest to become the one-stop shop in cycling platforms, All in Biking is releasing an update of its app that CEO José Julio Becerril believes will make it “the world’s most complete and versatile” for cyclists and hopes will raise its usership to 1 million, according to CMDsport. ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor rejects unsolicited offer from MNC Capital

    2024-03-04T12:30:00Z

    Vista Outdoor announced on the morning of March 4, 2024 that its Board of Directors, after consultation with its financial and legal advisors, has rejected the unsolicited expression of interest from MNC Capital in which MNC expressed an interest in acquiring Vista Outdoor in a cash transaction for $35 per ...

  • vista_outdoor_logo_kopie_8
    Article

    Vista Outdoor receives takeover bid of $2.9bn for entire group

    2024-03-01T23:30:00Z

    Vista Outdoor unveiled it has received an offer of $35 per share in cash from the investment firm MNC Capital on Feb. 19, 2024, corresponding to a valuation of $2.9 billion including debt. The offer was made for the entire group, i.e., both the Outdoor business, soon to be listed ...

  • Cake_Logo
    Article

    Norwegian investor acquires Cake after bankruptcy

    2024-03-01T09:18:00Z

    Espen Digernes, a Norwegian investor and CEO of Brages Bilforretning AS, a Toyota and Lexus dealership in Ålesund and Kristiansund, Norway, has acquired Cake, according to Swedish newspaper Breakit. The Swedish manufacturer of electric motorcycles had to file for bankruptcy in early February after the exit of a major investor ...

  • DSC_3032
    Article

    MyStromer moves Desiknio Bikes production to Poland

    2024-02-28T15:34:00Z

    This year, Desiknio Bikes, the Spanish sister brand of S-pedelec brand Stromer under the roof of Swiss MyStromer AG, is taking off with a new production partner. Since January, all Desiknio models have been painted and assembled by the Polish manufacturer Kross S.A. in Przasnysz, 110 kilometers north of Warsaw. ...

  • SAC - CASCALE
    Article

    Sustainable Apparel Coalition rebrands

    2024-02-26T14:24:00Z

    The Sustainable Apparel Coalition (SAC) announced its rebranding as Cascale. The apparel, footwear and home textile industry’s alliance for sustainable production continues to act as a global nonprofit alliance that empowers collaboration to drive equitable and restorative business practices in the consumer goods industry. Walmart and Patagonia founded the SAC ...

  • renewcell-og-image
    Article

    Renewcell files for bankruptcy

    2024-02-26T10:05:00Z

    After the Swedish textile recycler postponed its annual report for the second time for economic reasons, the Board of Directors decided on Feb. 25 to file for bankruptcy of Re:NewCell AB (Renewcell). The bankruptcy petition will be filed with the Stockholm District Court. The reason for the decision to file ...

  • Cake
    Article

    Cake files for insolvency, administrator seeks buyer for business operations

    2024-02-07T16:40:00Z

    What several Swedish media outlets have already reported has just been confirmed by both the appointed insolvency administrator and on the website of the Swedish manufacturer of electric motorcycles itself: On Feb. 1, Cake 0 Emission AB had to file for insolvency. Lawyer Jakob Callmander from the Stockholm-based law firm ...