Latest Corporate and M&A – Page 12
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ArticleItalian fashion label Herno acquires outdoor brand Montura
The outdoor market is becoming increasingly attractive for many companies from other segments. After Helen of Troy recently attracted attention with the acquisition of Osprey Packs, Italian luxury outerwear company Herno has now announced to buy Montura, a well-known Italian outdoor brand. For Herno, this would be the entry into ...
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ArticleHelen of Troy to bolster presence in outdoor segment with acquisition of Osprey
Helen of Troy, the El Paso, Texas-based, publicly traded company that owns a variety of brands in the Beauty, Health&Home and Housewares segments, including Hydro Flask and Oxo, has announced that one of its subsidiaries has entered into a definitive agreement to acquire Osprey Packs, the backpack manufacturer founded in ...
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ArticlePierer buys Felt from Rossignol, enters non-e-bike market and North America
The Rossignol Group has agreed to sell its American brand Felt Bicycles to the Pierer Mobility Group, a European leader in “powered two-wheelers,” including motorcycles and e-bikes, based in Austria. Rossignol explained the move with a desire to focus its bike operations on mountain bikes sold under the Rossignol brand, ...
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ArticlePorsche continues to invest in e-bikes
After presenting its first e-bike under the Cyklær brand name with partner Storck Bicycle, the Gravel Racer, at Eurobike this year, Porsche is now acquiring a majority stake in e-bike manufacturer Greyp Bikes. The German sports car manufacturer’s venture capital unit, Porsche Ventures, has already held around ten percent in ...
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ArticleFormer Timberland CEO and his son unveil new “biocircular” sustainable hiking boots
Erem, a Nevada-based company founded in 2021 that calls itself “the first outdoor brand focused on desert performance,“ has unveiled a new hiking boot that is ”high on performance and low on environmental impact.” Source: Erem While most hiking boots today are made by thermo-fusing plastics and ...
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ArticleYamaha and Hero Motors form joint venture for e-bike drive systems
Japanese Yamaha Motor Company has signed an agreement with Indian two-wheeler manufacturer Hero Motors for a new joint venture to manufacture e-bike drive systems in India. The company is expected to be established by the end of November, with Yamaha holding a 10 percent stake and Hero, the parent company ...
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ArticleMajor investment in Portuguese bicycle production for the EU market
The Portuguese bicycle industry association ABIMOTA has unveiled a major project with a planned total investment volume of over €258 million, through which Europe’s leading bicycle production intends not only to strengthen but also to expand its role. Plans also call for creating a technology center as a hub for ...
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ArticlePon Holdings acquires Dorel Sports
The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...
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ArticleListed majority owner of Bikeleasing-Service renamed
On June 16, German technology group Brockhaus Capital Management AG (BCM), which has only been traded on the stock exchange since July 2020, signed a purchase agreement to acquire a majority stake in Bikeleasing-Service GmbH & Co. KG (BLS), “a leading digital B2B platform for the highly automated brokerage and ...
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ArticleFor one-time bonus payment: Bike24 starts share buyback
German e-commerce cycling, running and swimming sports retailer Bike24 Holding AG has been trading on the stock exchange floor since the end of June 2021. The company’s shares, which once launched with a purchase price of just €15 and then often moved up, but also sometimes down, were well up ...
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ArticleTravis Campbell acquires Eagle Creek from VF, European organization stays on board
Effective Sept. 3, the newly formed Eagle Creek Holdings LLC owns Eagle Creek after acquiring the brand from VF Corp. The new entity based in Steamboat Springs, Colorado, is owned by Travis Campbell, an outdoor industry veteran and former president of emerging brands at VF, who left the group end ...
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ArticleHoudini drives expansion of circular economy movement with new shareholder
Swedish outdoor brand Houdini Sportswear announced that Italian investment firm GDTRE will join the brand’s co-founders, Hanna Lindblad and Eva Karlsson, who both hold a minority stake in the company and together own 77 percent of the company, as well as Stefan Ytterborn, founder of POC and CEO and founder ...
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ArticleAllbirds files for IPO but remains loss-making, plans to open up new apparel categories
Allbirds, the B Corporation-certified San-Francisco-based footwear and apparel brand, has filed with the U.S. Securities and Exchange Commission for an initial public offering. The document lists the size of the transaction at $100 million, which is an estimate used only to set the registration fee of $10,910. Allbirds was last ...
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ArticleNew Mavic owner Bourrelier Group sets successful future course
After the Bourrelier Group took over the insolvent French company Mavic in spring 2020, things were initially very quiet. One year after the takeover, the group now speaks of a successful turnaround, including a stable course for the future. Source: Bourrelier Group Getting Mavic back on track ...
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ArticleSport Holding acquires Bergans of Norway
Sport Holding, Norway’s largest sports retail player with more than 360 company-owned and franchised stores throughout Norway, divided into Sport 1, Intersport, Anton Sport, Löplabbet, Sportsnett and Skandinavisk Høyfjellsutstyr, is acquiring 100 percent of the shares of Bergans Fritid AS. Source: Hans Kristian Krogh-Hanssen Jan Tore Jensen, CEO ...
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ArticleOn Holding files registration for IPO
On Holding, the Swiss company that owns On, the performance brand specializing in running and trail running founded in Zurich in 2010 by Olivier Bernhard, David Allemann and Caspar Coppetti, has announced that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed ...
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ArticleSSU reorganizes management of Internetstores Group
After more than three years as CEO of Internetstores GmbH, Hans Dohrmann will leave the parent company of multichannel bike, camping and outdoor retailers such as Addnature, Bikester, Brügelmann, Campz and Fahrrad.de. According to Internetstores Group’s parent company, Signa Sports United (SSU), he will leave “on good terms” on Sept. ...
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ArticleEDM Interview Series #04-2021: Samaya
The Outdoor Industry Compass spoke with Arthur Jallas, co-founder and sales leader of French brand Samaya.
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ArticleAdidas to sell Reebok to ABG for €2.1 bn
On Aug. 12, Adidas has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first quarter of 2022, ...
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ArticleAdditional cash boost for Arevo allows for expansion of 3D printing facilities
Silicon Valley-based technology company Arevo unveiled a 3D-printed bicycle frame at Eurobike 2019. In August 2020, the company began offering on-demand custom production using a high-speed printer and in August 2021, Arevo announced not only “the completion of the world’s largest 3D printing facility for carbon fiber composite additive manufacturing,” ...
