October 02, 2023
The German e-commerce specialist announced its delisting from the NYSE, planned to take effect on or around Oct. 22, as a part of a restructuring effort to staunch the red ink bleeding across the P&L and balance sheet that started in H2 ’22.
The German footwear brand and its stockholders are planning to sell at least 32.3 million ordinary shares with an expected IPO price between $44 to $49 per share, according to an SEC filing, raising $1.6 billion at the high end of the guide.
Le Coq Sportif’s net loss widened to €10.5 million in the first half from €6.3 million last year, as revenues declined 3% to €63.2 million, falling short of its expectations.
The activewear brand is interviewing investment banks in preparation for an IPO next year, Bloomberg reported, citing sources familiar with the matter.
The custom imprinted apparel maker revealed it has received an unsolicited offer for its Salt Life brand, which has grown to revenues of over $60 million, and has been its best performing business for several quarters.
OLN closed its acquisition of the maker of Eco Flyer and other brand trap, skeet, and sporting clay targets that will be combined with its Winchester ammunition group.
The carbon bicycle maker, which filed for Chapter 11 in Feb., sees independent investor John Harrison acquire its assets and IP, and will now operate under the name Parlee Composites, Inc.
Richard Collier has resigned as CEO of Jack Wolfskin to pursue another opportunity and be closer to his family in Oslo, Norway, the company confirmed to SGI Europe.
Dainese, the outdoor sports apparel and equipment maker, appointed Angel Sánchez as CEO, effective Nov. 2, succeeding Cristiano Silei who will become non-executive chairman.
Future Motion is recalling 300,000 Onewheel self-balancing electric skateboards because they can stop balancing the rider if the boards’ limits are exceeded.