All Corporations articles – Page 113
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News briefs
Sports Direct is facing parliamentary demands for explanations after a...
Sports Direct is facing parliamentary demands for explanations after a group of members of Parliament turned up unannounced at its head office and warehouse in Shirebrook, and alleged that an attempt was made to record a private discussion in one of the group's meeting rooms. Ian Wright, head of the ...
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News briefs
The Australian media have reported about the insolvency of BLK,...
The Australian media have reported about the insolvency of BLK, the brand of team sports jerseys based in Queensland. It has contracts with many football, rugby and netball teams in Australia, and a few also in Europe. Executives of the company declined to provide information on the consequences of the ...
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News briefs
Canada Goose would like to go public sometime in 2017....
Canada Goose would like to go public sometime in 2017. Bain Capital, which acquired a majority stake in the Canadian company three years ago, is said to be seeking a valuation of $2 billion in the planned initial public offering. Credit Suisse, the Canadian Imperial Bank and Goldman Sachs have ...
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News briefs
JD Sports Fashion says it has paid about £112.3 million...
JD Sports Fashion says it has paid about £112.3 million (€131.6m-$139.3m) to acquire the entire issued share capital of Go Outdoors, a British outdoor retailer with 58 large-scale stores, while assuming net debt of about £16 million as part of the transaction. Go Outdoors had sales of £202.2 million (€237.0m-$250.9m) for ...
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News briefs
JD Sports Fashion is proposing a stock split. The fast-growing...
JD Sports Fashion is proposing a stock split. The fast-growing British retailer has called shareholders to a general meeting on Nov. 24 to approve it. The proposed move would involve splitting the company's existing ordinary shares, which have a nominal value of 1.25 pence each, into five new ordinary shares ...
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News briefs
The Guardian reports that Sports Direct International (SDI) and some...
The Guardian reports that Sports Direct International (SDI) and some of its shareholders are struggling to agree on a suitable independent party to conduct a review of the British sports retailing and wholesaling group. Under scrutiny over issues relating to working conditions and corporate governance, SDI conducted a preliminary review ...
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News briefs
Cicli Pinarello, the Italian cycling company, is set to be...
Cicli Pinarello, the Italian cycling company, is set to be bought by LVMH, the French conglomerate behind high-end luxury brands such as Louis Vuitton, Dior, and Moet et Chandon. If the transaction is confirmed, it would be LVMH's first move into the sports and wellness markets. There should be no ...
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News briefs
Despite Brexit, New Balance said it is committed to keep...
Despite Brexit, New Balance said it is committed to keep manufacturing shoes in England, which employs 240 workers, and will use it to make premium football boots for the first time in almost four decades. Rob DeMartini, chief executive, made the statement while inaugurating its biggest store outside the U.S. ...
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News briefs
Navalayo Osembo, one of the founders of the Kenyan athletic...
Navalayo Osembo, one of the founders of the Kenyan athletic footwear brand Enda, presented the Iten - Enda's first shoe - to four investors during the television's inaugural series of the Lions Den. The program is the Kenyan equivalent of the Shark Tank, an international TV series in which hopeful ...
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News briefs
The Body Glove brand and related intellectual property assets have...
The Body Glove brand and related intellectual property assets have been acquired by Marquee Brands from Body Glove International. Body Glove was founded in Redondo Beach, California in 1953 by two twin brothers, Bob and Bill Meistrell. The Meistrell family will retain a minority interest in the Body Glove brand. ...
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News briefs
The Adidas Group is resuming its share buyback program today,...
The Adidas Group is resuming its share buyback program today, based on the authorization given at its annual meeting on May 12. After two previous tranches of stock repurchases conducted in the last two years, involving a total of 9,018,769 shares that represented 4.31 percent of its share capital, the ...
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News briefs
Wilson has acquired the EvoShield brand and related intellectual property...
Wilson has acquired the EvoShield brand and related intellectual property rights in an asset deal from the eponymous company. The brand is described as the leading supplier of protective gear for baseball and softball. It is the official protective gear of Major League Baseball.
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News briefs
Globe International said it was acquiring 50 percent of Salty...
Globe International said it was acquiring 50 percent of Salty Crew, a Californian apparel brand specializing in surfing, fishing, diving and sailing products. As part of the deal, which should become effective in January 2017, Globe is to assume operational and financial functions for the brand, while key managers will ...
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News briefs
Wolverine Worldwide said it has created 250 new jobs at...
Wolverine Worldwide said it has created 250 new jobs at its manufacturing facility in Michigan so far this year as it broke ground on a planned 16,000-square-foot extension. It should be completed in early 2017, allowing the company to add a new warehouse for incoming raw materials. Built in 1964 ...
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News briefs
In May 2017, Columbia Sportswear will relocate the headquarters of...
In May 2017, Columbia Sportswear will relocate the headquarters of Sorel and 45 employees to the downtown area of Portland, Oregon, but it will keep its own global head office in Washington County, where it moved from downtown Portland in 2001. Columbia bought Sorel in 2000. Tim Boyle, chief executive ...
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News briefs
21sportsgroup, the expansive German retail group, has drawn €15 million...
21sportsgroup, the expansive German retail group, has drawn €15 million in fresh capital from ESO Capital to support its growth. The group indicates that the money is chiefly earmarked for further international expansion. Specializing in running, cycling, triathlon, outdoor and action sports products, 21sportsgroup is the company behind several multichannel ...
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News briefs
Moncler, one of the stars on the Milan stock exchange,...
Moncler, one of the stars on the Milan stock exchange, lost 2 percent of its value, going down to €15.28 a share, after analysts heard that its major shareholder, Eurazeo, divested 6 percent of the company's equity for €230 million. The investment fund's stake in Moncler has thus declined to ...
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Short stops
Dunlop Slazenger's Spanish subsidiary has a new office at El...
Dunlop Slazenger's Spanish subsidiary has a new office at El Prat de Llobregat, the town near Barcelona where also Amer Sports, Nike and Mizuno have their Spanish offices
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News briefs
The Times of India reports that Nike is shutting down...
The Times of India reports that Nike is shutting down 35 percent of its stores in India, as it strives to cut its losses in the country. The newspaper adds that the brand currently has about 200 mono-brand stores left in the country and is sharply reducing the number of ...
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News briefs
Honma Golf, the Japanese maker of gold-plated golf clubs whose...
Honma Golf, the Japanese maker of gold-plated golf clubs whose customers include Donald Trump, the presidential hopeful, went public on the Hong Kong stock exchange a few days ago, raising proceeds of HK$1.26 billion (€147.5m-$162.4m), but its stock market capitalization fell to HK$5.5 billion (€643.7m-$708.9m) in early trading. The shares were ...
