All Corporations articles – Page 107
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Zalando continues its shopping spree with the takeover of yet...
Zalando continues its shopping spree with the takeover of yet another start-up, Anatwine. The European e-commerce giant first acquired a 20 percent stake in this British software firm in May, but announced in July that it was taking over the company entirely. The purchase price has not been made public. ...
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Vans has moved its headquarters from Cypress, California to a...
Vans has moved its headquarters from Cypress, California to a new building in Costa Mesa, California, 13 miles away. The move was first announced in June 2015. The new building is environmentally-friendly and larger than the previous headquarters. The facility features a solar panel array on the carport, which is ...
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Nike's expansion of its already massive corporate headquarters in Beaverton,...
Nike's expansion of its already massive corporate headquarters in Beaverton, Oregon, which would involve the addition of 3.2 million square feet of space, will cost more than $1 billion, according to The Oregonian. The daily's estimate is based on a comparison with real estate and similar construction costs in the ...
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Short stops
Puma has reportedly agreed to test a new robotic system,...
Puma has reportedly agreed to test a new robotic system, developed by Magazino, that uses sensors and artificial intelligence to move objects in a warehouse
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Cipio Partners, one of the institutional shareholders of 21sportsgroup, and...
Cipio Partners, one of the institutional shareholders of 21sportsgroup, and other existing and new investors have participated in a new round of financing for the German multi-channel retailer. After a €15 million injection made last October, the new round has reportedly involved new equity worth about €13 million. The proceeds ...
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TomTom has written down the entire goodwill of €169 million...
TomTom has written down the entire goodwill of €169 million of its Consumer segment as it reviews strategic options for its sports business, including its possible disposal. The segment's turnover fell by 20 percent to €126.3 million in the second quarter of this year.
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Billabong International has decided to write off 11.7 million Australian...
Billabong International has decided to write off 11.7 million Australian dollars (€7.9m-$9.3m) from its accounts for the financial year ended this past June 30 in connection with the termination of its agreement with an omni-channel solution provider. In announcing its results for the first six months, the company had already ...
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J&F Investimentos has terminated the negotiations over the sale of...
J&F Investimentos has terminated the negotiations over the sale of a controlling stake of 86 percent in Alpargatas, the parent company of Havaianas and the licensee of Mizuno for Brazil and Argentina, apparently because it could not agree on the price of the transaction. The company was in exclusive talks ...
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Nike has reportedly opened a new head office in New...
Nike has reportedly opened a new head office in New York City, as part of its move to focus on a dozen key cities. Covering six floors, the new office is situated on Sixth Avenue in lower Midtown Manhattan, making it a central location for the brand's stores in the ...
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The families of John Wardle and David Makin, founders of...
The families of John Wardle and David Makin, founders of JD Sports, are reported by The Sunday Times to be offering the sale of a 40 percent stake in Footasylum for £40 million (€44.8m-$51.4m). The chain operates 58 physical stores in the U.K., plus a web shop. Footasylum reported a ...
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Canada Goose has opened its fifth factory, the first one...
Canada Goose has opened its fifth factory, the first one in Quebec, as part of its commitment to Canadian manufacturing. The 95,000-square-foot facility, which is located in Boisbriand, has already created more than 125 jobs and is expected to create 325 more by the end of 2018. The company has ...
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As previously reported, Marco Boglione, chairman of BasicNet, was going...
As previously reported, Marco Boglione, chairman of BasicNet, was going to raise from 90 to 99.98 percent his stake in Basic World, owner of 36.65 percent of BasicNet's shares (SGI Europe, vol. 20, N° 15+16), with the departure of his two brothers Enrico and Francesco, who each own 4.7 percent ...
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Backed by Italian and British investors, Alessandro Bastagli has taken...
Backed by Italian and British investors, Alessandro Bastagli has taken over Shanghai Tang, the first Chinese luxury apparel firm to have obtained some international relevance. Among other holdings, Bastagli is the Italian entrepreneur who controls A. Moda, the Italian licensee of Everlast, and Dimensione Danza, the Italian brand of fitness ...
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Blackstone has reached an agreement to hand over control of...
Blackstone has reached an agreement to hand over control of Jack Wolfskin to a group of lenders in a debt for equity swap. Such an agreement around the German outdoor brand was already reported several weeks ago but it was apparently finalized last week. Under the terms of the deal, ...
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Kasper Rorsted, chief executive of the Adidas Group, told Focus...
Kasper Rorsted, chief executive of the Adidas Group, told Focus magazine that the Reebok brand has to return to profitability within four years. Shortly after Rorsted took over the helm in October last year, the company launched a reorganization at Reebok, Muscle Up, which entailed about 150 job cuts, the ...
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Cocona has reportedly raised a total of $5 million in...
Cocona has reportedly raised a total of $5 million in new investments from Asia. The company, based in Boulder, Colorado, has raised nearly $3.75 million so far, but its chief executive, Jeff Bowman, told Sportstextiles the total will reach $5 million once $1.25 million from a Chinese investor is added. ...
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With the sharp rise in e-commerce and customers demanding short...
With the sharp rise in e-commerce and customers demanding short and flexible delivery times, Intersport Sweden has chosen to move its logistics from two locations to a new central warehouse, occupying 24,400 square meters and managed by Catena Fastigheter. It will also switch from its current 3PL solution to a ...
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Short stops
The management of Scarpa, the Italian brand of technical outdoor...
The management of Scarpa, the Italian brand of technical outdoor shoes, denies a rumor that it is in discussions for its possible takeover by VF Corp.
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Black Diamond has filed a so-called shelf registration statement with...
Black Diamond has filed a so-called shelf registration statement with the U.S. Securities & Exchange Commission, announcing its intention to offer shares, warrants or other types of securities worth up to $200,000 in connection with the acquisition of new assets. That would include the sale of up to 7.5 million ...
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Nike Iberia is preparing to move its Barcelona office from...
Nike Iberia is preparing to move its Barcelona office from the business center of Mas Blau in El Prat de Llobregat to an emblematic building in the center of Barcelona. The company reportedly wanted to move closer to consumers in the urban area, and to use its office to reinforce ...
