Canadian takeover for sports brand Helly Hansen

Canadian takeover for sports brand Helly Hansen

Helly Hansen has been passed on into Canadian hands to pursue expansion in North America. The Norwegian sports clothing producer has been sold to Ontario Teachers pension fund for 2 billion Norwegian crowns (roughly 270 million euro).

Aiming for American expansion

Helly Hansen is famous for its clothing  for winter sports and sailing. The former owner, the Swedish investment society Altor, has kept on to 25% of Helly Hansen's shares, while 75% of the Norwegian company is now in the hands of Canadian pension fund Ontario Teachers'

 

The takeover enables Helly Hansen to pursue expansion outside Europe, mainly in North America. In 2006, Altor took over Helly Hansen and made the company profitable again. The Norwegian company was founded in 1877 and employs 500 people. Last year its turnover was 1.6 billion Norwegian crowns, slightly over the 200 million euro mark.

 

 

Translation by Sanne Raspoet

Questions or comments? Please feel free to contact the editors


Ahold Delhaize: "Main office in the US? Possible, but not now"

29/05/2017

According to Ahold Delhaize CEO Dick Boer, it could very well be that the company moves its main office to the United States at one point in the future. However, no such move will happen anytime soon.

Pepsi and AB InBev are negotiating about Vita Coco

29/05/2017

PepsiCo is allegedly in talks with coconut water Vita Coco’s shareholders to discuss an acquisition deal. Belgian families de Spoelberch and de Mévius, who also own beer giant AB InBev, own nearly half of Vita Coco’s shares.

Everyone can now access Amazon Fresh PickUp locations

29/05/2017

Following a 2-month testing period, Seattle’s two Amazon Fresh PickUp locations are now also available to Prime subscribers. The formula is focused on speed and also puts the pressure on Walmart even more. 

"Hard discount achieves most growth in bio industry"

26/05/2017

Every year, the bio agricultural industry organizes a BioWeek in early June to help promote bio products. We talked to BioForum’s Marijke Van Ranst.

Discount leads the way in private label

23/05/2017

Discount formulas’ emancipation, started by Lidl, helped evolve private labels, from their position as price breakers to their distinguishing position in formulas built on their private labels or fancy brands.

Lidl launches Chinese web shop

22/05/2017

German supermarket chain Lidl has launched its own web shop in China on Alibaba’s online platform Tmall, similar to what many other Western companies have done.

Back to top