All Corporations articles – Page 108
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News briefs
Iconix Brands Group told an investors' conference organized by Baird...
Iconix Brands Group told an investors' conference organized by Baird that it is shifting its strategy from external to internal growth, particularly in its Active segment, whose sales rose by 16 percent in 2016. It sees growth opportunities in the U.S. for Umbro, which generated retail sales of $750 million ...
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News briefs
Under Armour has completed the renovation of two parks in...
Under Armour has completed the renovation of two parks in Portland, where it plans to open a big new dedicated office for the development of its footwear collections, attracting valuable talent from the local sports footwear cluster. One of the two parks, Duniway Park, will be adjacent to its own ...
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News briefs
Musto has appointed Walker Logistics to fulfil orders for its...
Musto has appointed Walker Logistics to fulfil orders for its range of shoes and luggage as part of a broader review of the company's supply chain. Musto had previously directly managed its entire logistics process from two warehouse facilities in Essex. Orders for clients across the U.K. and other countries ...
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News briefs
Vulpine, a British brand of urban cycling apparel, went into...
Vulpine, a British brand of urban cycling apparel, went into bankruptcy proceedings when it ran out of cash last month, but then it announced about three weeks later that it has been saved by Mango Bikes. The new investor is a bicycle maker from Gloucestershire. The apparel brand was established ...
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News briefs
Thule Group has entered into an agreement with Curt Group,...
Thule Group has entered into an agreement with Curt Group, a company of Audax Private Equity, for the sale of United Welding Services (UWS), a maker of storage solutions and truck accessories headquartered in Perry, Florida. The transaction is expected to be finalized this month. The move is part of ...
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News briefs
Adidas is boosting its infrastructure in Paris and regrouping its...
Adidas is boosting its infrastructure in Paris and regrouping its local teams under Guillaume de Monplanet, general manager of Adidas France, by opening of a new office near the trendy Pigalle area. Adidas and Reebok employees, who were previously working at different offices inside and outside the French capital, will ...
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News briefs
Sports Direct International has completed the acquisition of Bob's Stores...
Sports Direct International has completed the acquisition of Bob's Stores and Eastern Mountain Sports (EMS) in the U.S. The British sporting goods retailer is expected to enter U.S. retailing with 51 stores, of which 21 are EMS and 30 are Bob's. Sports Direct paid $101 million in cash for the ...
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News briefs
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading...
Compass Diversified Holdings (Codi) has acquired Crosman Corporation, a leading American producer of airguns, archery products, outdoor optics and related accessories sold under the Crosman, Benjamin and CenterPoint brands. It is paying about $152 million for the business, representing about 1.3 times revenues and 7.3 times adjusted Ebitda, to its ...
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News briefs
Exercising an option, BasicNet has agreed to acquire the Briko...
Exercising an option, BasicNet has agreed to acquire the Briko brand of sports eyewear and apparel, which it has been licensing and distributing since March 2016. Depending on its performance, it will pay up to €4 million for the brand, starting with a lump sum of €1 million, to the ...
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News briefs
Invista is spending more than $65 million to expand the...
Invista is spending more than $65 million to expand the capacity of its Camden nylon factory in the U.S. for the production of high-tenacity nylon fibers used in Cordura fabrics for outdoor and lifestyle clothing, footwear and equipment. The new facilities will use patented and proprietary technology for solution dyeing ...
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Short stops
Nordea Funds has reduced its stake in IC Group to...
Nordea Funds has reduced its stake in IC Group to 4.86%
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News briefs
In the last few days, Sports Direct International bought a...
In the last few days, Sports Direct International bought a few million more shares in Finish Line, the U.S. sports retailer, building up to a total of 5,941,248 shares, or 14.7 percent of its equity. A few days earlier, SDI had declared a stake of 9.21 percent in Finish Line. ...
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News briefs
Rapala VMC Corp. is issuing a hybrid bond on May...
Rapala VMC Corp. is issuing a hybrid bond on May 31, 2017 to raise €25 million, granting holders a fixed annual interest rate of 5.375 percent until May 31, 2019. The hybrid bond has no maturity rate but Rapala can redeem it after two years. The transaction, which has already ...
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News briefs
Bic Sport is taking over the global rights for SIC...
Bic Sport is taking over the global rights for SIC Maui, the stand-up paddle sports brand of Flow Sports. The word SIC stands for Sandwich Island Composites. Bic will give the brand a premium performance positioning, ensuring its distribution in more than 90 countries. Bic Sport is already a major ...
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News briefs
Wolverine Worldwide is going ahead with its slimming-down program by...
Wolverine Worldwide is going ahead with its slimming-down program by licensing out its Stride-Rite brand of children's shoes. After closing all its Stride-Rite retail stores, it has signed a global, long-term license for the brand with Vida Shoes International, a company that runs a portfolio of more than a dozen ...
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News briefs
SportScheck has acquired an unspecified number of shares in Fitfox.de,...
SportScheck has acquired an unspecified number of shares in Fitfox.de, an online platform for fitness enthusiasts, based in Hamburg, that offers special day, weekly and monthly tickets for fitness studios. Consumers don't have to sign up for a subscription. Prices start from €7 per day to €40 per month. In ...
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News briefs
Zalando released details of a planned new €30 million logistics...
Zalando released details of a planned new €30 million logistics center in Sweden. Located in Brunna near Stockholm, the distribution center will be operational by the end of the year, with up to 300 employees. The goal is to significantly reduce the time required fopr deliveries of parcels in all ...
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News briefs
The Samwer brothers have sold a 3.8 percent share in...
The Samwer brothers have sold a 3.8 percent share in Zalando for approximately €375 million. The trio, who were the main investors in the European online retailer of fashion and sports apparel during the start-up phase, further reduced their stake to 4.99 percent. With the sale, a Scottish investment firm, ...
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News briefs
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike...
Emerald Exposition Events, which owns Outdoor Retailer, Surf Expo, Interbike and many other trade shows in the U.S., opened with a share price of $21.60 on the New York Stock Exchange today, giving it a market capitalization of $1.6 billion. The company and some of its shareholders started offering 15.5 ...
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News briefs
Sports Direct has raised its stake in Debenhams, the British...
Sports Direct has raised its stake in Debenhams, the British department store chain, from 16.0 percent to 17.08 percent. The move can be regarded as more than just a financial investment as Sports Direct has concessions in several Debenhams stores in the U.K.
