Dr Martens is heavily focused on its recovery, but that turnaround may not happen under its current ownership structure with a report saying it’s being eyed for a takeover by a number of major non-UK firms. Dr Martens The heritage UK business is listed on the London Stock Exchange but its valuation today is ‘only’ … Read more
Dr Martens issued an update on Tuesday that detailed the ongoing challenges at the business. But in headline-grabbing news, it also said its CEO is to step down. DR Kenny Wilson won’t be going straight away, however. We’re told he’s “decided that this will be his final year as CEO. As part of an orderly … Read more
The owner of three key UK womenswear brands — Hobbs, Whistles and Phase Eight — has clinched a £90 million refinancing package to help it grow further. Hobbs TFG London’s new deal replaces a previous £60 million debt facility and was provided by a number of UK banks. It runs for a three-year term but … Read more
Once upon a time it seemed that Dr Martens could do no wrong, but missteps at the British bootmaker and a tough environment have sent its shares down from a high of around £5 three years ago to below 74p at one point this year. And now a major shareholder is calling for action. DR … Read more
By Bloomberg Published Feb 2, 2024 Amer Sports Inc. stock rose as much as 6.2% above its US initial public offering price after its first-time share sale priced below a marketed range. Arc’teryx Shares in the maker of Wilson tennis rackets and Salomon ski boots were trading at $13.61 each as of 1:14 p.m. on … Read more
By Bloomberg Published Jan 11, 2024 Consumer and retail companies weighing initial public offerings in 2024 will be closely watching the spending outlook for their customers, after the surprisingly bright picture began to darken at the end of last year. Bloomberg US shoppers had largely brushed off rising interest rates thanks to pandemic-era savings buffers … Read more
By Bloomberg Published Jan 4, 2024 Amer Sports Inc., the maker of Wilson tennis rackets and Salomon ski boots, has filed for a US initial public offering. The company has picked Goldman Sachs Group Inc., Bank of America Corp., JPMorgan Chase & Co. and Morgan Stanley as bookrunning lead managers of the share sale, according … Read more
Fairytale weekends are rare in motorsport, but during the 2022 Petit Le Mans IMSA weekend at Road Atlanta, Gradient Racing had just that kind of weekend. An unidentified electrical fault prevented the GTD team from qualifying, which meant that the team started from the very back of the grid. Before the race, the team tore apart … Read more
