Callaway buys Jack Wolfskin

According to wuv, Callaway Golf Company will buy the outdoor company Jack Wolfskin for Euro 418 million.

For a while Jack Wolfskin was owned by Barclays Private Equity and Quadriga Capital. Then Blackstone bought the company in 2010, supposedly paying Euro 700 million at the time.

And in 2017 a couple of investors got involved, including Bain Capital, H.I.G. Bayside Capital, CQS, Avenue Capital and Blue Mountain Capital Management.

BMW licenses watches

As reported here by LicenseGlobal, BMW has signed a brand license for watches and smart watches.

The licensee is Fossil Group, which holds a broad portfolio of brand licenses already. A license had been with the Ball Watch company before.

The territory is worldwide.

First products are expected in 2019, the agreement runs through 2023.

Distribution will be via BMW retail channels and the retail network of Fossil.

Philips moves audio/video license to TV licensee

Philips has extended its license with TPV, licensee for TV and monitors.. The additional category is audio and video, as reported here.

The license started on June 1, 2018 and runs until December 31, 2023, with renewal options.

Previously, the license has been with Gibson Innovation. The parent, Gibson Brands, filed for Chapter 11. Thus, Philips explored other options.

Chris-Craft sold to Winnebago

According to this article, Winnebago Industries Inc., proprietor of the RV brand Winnebago, has acquired Chris-Craft.

The seller is Stellican Ltd., which has owned Chris-Craft since 2001, and also owns the famous boat brand Riva.

With Chris-Craft Winnebago enters into the marine industry. It sees both, RVs and boats, as part of the outdoor lifestyle market.

Winnebago wants to invest in Chris-Craft. It also wants to expand and improve the dealer network, enter into new boat categories and sizes, and extend the brand by licensing. Chris-Craft dates back to 1874. And Winnebago started licensing its own brand a few years ago.

Google sells Zagat

Per Techcrunch, Google is selling the Zagat business.

In 2011 Google bought Zagat for US$151 million. Now it is selling the business to The Infatuation.

Prior to the internet Zagat was a leader as crowd-sourced restaurant guide. At least in NYC it was a must have.

Now it faces tough competition from websites like Yelp and Tridadvisor. And Google itself competes with Google Maps.

Starbucks license

As reported in various media, Starbucks signed a license with Nestle for its off-trade / retail business generating US§ 1.8 bn in sales.

Nestle will pay $7.1bn for the rights to sell Starbucks.

The license only applies to Starbucks’ packaged products and doesn’t include ready-to-drink coffee, tea or juices.

Starbucks will receive the cash payment plus revenue from product sales and royalties.