All Corporations articles – Page 105
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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News briefs
Woolrich has announced a new partnership with Goldwin, a Japanese...
Woolrich has announced a new partnership with Goldwin, a Japanese firm specializing in the manufacturing and sale of sporting apparel, which will result in a new Goldwin premium outdoor collection. The first men's line will be on offer in autumn 2018 in North America, Europe and Asia. Goldwin has acquired ...
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News briefs
Salomon is extending its design center in Annecy with the...
Salomon is extending its design center in Annecy with the purchase of a 1,760-square-meter administrative building adjoining its headquarters in the French alpine city, where it stopped its manufacturing activities many years ago. The management said the investment represents a great opportunity for expansion as it prepares its development plans ...
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News briefs
Sports Direct International (SDI) is buying additional shares in Debenhams,...
Sports Direct International (SDI) is buying additional shares in Debenhams, the British department store chain, paying 43 percent more than they were worth last Friday, according to The Financial Times. The acquisition is said to be based on options contracts signed through Goldman Sachs in 2015, which will force SDI ...
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News briefs
Peter Aschauer is selling a controlling stake in his 30-year-old...
Peter Aschauer is selling a controlling stake in his 30-year-old avalanche airbag company, ABS Peter Aschauer, to Spin Capital. The Munich-based investment company will take over operative responsibility but will continue to work with Aschauer on a partnership basis. Stefan Mohr, chief executive of Spin, which is an abbreviation for ...
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News briefs
WiggleCRC has announced the acquisition of Bike24, a German online...
WiggleCRC has announced the acquisition of Bike24, a German online cycling retailer. According to The Sunday Times, who first reported the news, the deal is worth around £100 million (€112.6m-$131.7m). Bike24 will continue to trade as a separate business within the group. Bike24 posted revenues of €84.5 million in 2016. ...
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News briefs
Insolvency proceedings were opened on Oct. 13 in Venice for...
Insolvency proceedings were opened on Oct. 13 in Venice for MCS Cavaliere, formerly Marlboro Classics, and Industries Sportswear Company, owner of the Marina Yachting and Henry Cotton's brands. In 2013, shortly before going public, Moncler had sold Industries Sportswear to Emerisque Brands, a private equity firm set up in 2004 ...
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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News briefs
The highly leveraged Australian-based Surfstitch Group has announced the sale...
The highly leveraged Australian-based Surfstitch Group has announced the sale of Surfdome Shop in the U.K. to Internet Fusion for about £7 million (€7.9m-$9.3m). Internet Fusion owns other European websites including blackleaf.com and extremepie.com. The Surfstich Group was formed in 2014, after Billabong International sold its 51 percent stake in ...
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News briefs
Analysts predict that Puma could be sold by Kering next...
Analysts predict that Puma could be sold by Kering next year, allowing the French group to focus more or less entirely on luxury products, according to a Reuters report. Kering bought its majority stake in Puma in 2007 in a deal valuing it at €5.3 billion, but the report says ...
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News briefs
Adidas America plans to expand the capacity of its campus...
Adidas America plans to expand the capacity of its campus in Portland, Oregon in the next three years to accommodate up to 2,800 people, up from a current level of 2,700, says the Oregonian. Mark King, chief executive of Adidas America, also told the newspaper that the Big a wants ...
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News briefs
Amazon is adding a new distribution center equipped with advanced...
Amazon is adding a new distribution center equipped with advanced robotic technology in the Bolton region that will employ 1,200 new people. In Germany, meanwhile, Amazon reportedly suffered delivery problems after strikes crippled six of its German logistics centers in early October. Verdi, a German trade union based in Berlin, ...
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News briefs
Mercator, the activist minority shareholder in Deckers Brands, has laid...
Mercator, the activist minority shareholder in Deckers Brands, has laid out its proposals for a detailed restructuring plan that calls for the sale of all its assets except for Ugg, arguing that it would quadruple the company's earnings per share by 2021. It would also raise the return on invested ...
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News briefs
An investor group led by Victor Capital Partners has acquired...
An investor group led by Victor Capital Partners has acquired Primaloft from the Prudential Capital Group. Victor Capital teamed up with the Allstate private equity group and the management team of Primaloft for the buyout. Madison Capital, Antares and Intermediate Capital Group provided financing. Primaloft said the acquisition will provide ...
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Short stops
Kettler is looking for a strategic investor, according to SAZ...
Kettler is looking for a strategic investor, according to SAZ
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Short stops
The Adidas Group has closed the €425 million sale of...
The Adidas Group has closed the €425 million sale of TaylorMade, Adams Golf and Ashworth to KPS Capital Partners
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Short stops
Nordea Funds has lowered its stake in Rapala VMC from...
Nordea Funds has lowered its stake in Rapala VMC from 11.07% to 9.93%
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News briefs
Rens van de Schoor, a Dutch entrepreneur who previously re-started...
Rens van de Schoor, a Dutch entrepreneur who previously re-started the Miss Etam and Promiss retail concepts, has established an investment vehicle to take over assets of the Doniger Fashion Group. They include Gaastra, the Dutch nautical brand, along with two fashion brands, McGregor and Adam, which had to be ...
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News briefs
Umbro has “a couple of things in the works that...
Umbro has “a couple of things in the works that are pretty substantial going forward,” said Dave Jones, executive vice president and chief financial officer of Iconix Brand Group, at a recent conference organized by CL King. He said the brand is generating sales of about $700 million a year ...
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News briefs
Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
