07/08/2019 With the addition of the Diamondback, Redline and IZIP brands, Regent has strengthened its performance sports portfolio and has emerged as a significant player in the global cycling industry: the popular Diamondback brand is a best-in-class manufacturer of mountain and road bikes , Redline has been a definitive leader in BMX and IZIP is an.
The acquisition of Mavic is the third transaction Regent has completed since the first of the year following earlier acquisitions of the La Senza fashion lingerie business from L Brands, Inc.
(NYSE: LB) in January 2019 and the Plainville Farms food processing business from The Hain Celestial Group (NASDAQ: HAIN) in February 2019.
About Regent, Regent will partner with Accell to distribute Raleigh, Haibike and Ghost in the U.
for two years.
HEERENVEEN, the Netherlands (BRAIN) # Accell Group N.
has agreed to sell its U.
business, including the worldwide registrations for Diamondback, Redline and IZIP, to Regent LP , the California investment firm that bought Mavic earlier this year.
16/06/2020 Its legal owner is Delaware-based company M Sports, set up by Regent LP to handle the transaction.
Sales at the company, which employs around 200 people in France and around 50 more abroad, have fallen sharply in the past few years, while rising losses have led to Mavic having difficulties servicing its debts.
Regent LP Mavic: ‘Well-known’ ex-pro cyclists reportedly involved in rescue bid for iconic brand Paris-based lawyer heads group looking to save troubled business – but time is pressing, 07/05/2020 Former Mavic owner, Amer Sports # a stakeholder in Salomon as well as Wilinson and Suunto # reportedly sold the business to a Californian investment fund Regent LP in July last year.
08/08/2019 Bicycle Retailer and Industry News (BRAIN) reported this week that Accell Group, N.
the Netherlands-based owner of the former Seattle Bike Supply portfolio of bicycle brands (among considerable other bicycles assets), has sold its US business, including three bike brands to California investment group Regent , LP.
Inside that bushel of bike brands is BMX giant, [#], 16/06/2020 Mavic was ostensibly sold by the French Salomon Group to Californian private equity firm Regent LP last July, but Mavic staff representatives revealed last month that the brand had in #, The recent French reports suggest that Regent LP was not technically the owner.
Instead union figures claimed Mavic had been sold to M Sports, a Delaware-based business which it is claimed is.
06/03/2020 HEERENVEEN, Netherlands (BRAIN) # Accell Group says its traditional bike sales were down 13% in value last year, while sales of e- bike were up 11% and of cargo bikes up 47%.
Overall the Dutch conglomerate # which sold off its North American business last year # saw net turnover increase 7.
5% in 2019, to 1.
1 million euros ($1.
The group’s loss on discontinued