All Corporations articles – Page 114
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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 ...
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Vista Outdoor, the U.S. company that has been expanding through...
Vista Outdoor, the U.S. company that has been expanding through the acquisition of Camelbak and other brands, has agreed to pay $74 million to further widen its offering with the purchase of Camp Chef, an American supplier of outdoor cooking gear. The purchase price being paid for the privately-owned company ...
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Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear...
Carve Designs, a California-based producer of women's swimwear, beachwear, surfwear and beach-inspired apparel, has received a significant, unspecified investment from Warren B. Kanders, the executive chairman of Black Diamond. He also chairs Mountain Khakis and Safariland. Thayler Sylvester and Jennifer Hinton, who founded Carve Designs in 2003, will continue to ...
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Åre Skidfabrik, an alpine ski factory located in Åre, Sweden,...
Åre Skidfabrik, an alpine ski factory located in Åre, Sweden, has fully or partially taken over the production of skis for three Norwegian ski brands: SGN Skis, Stereo Skis and Moonlight Mountain Gear. According to Sportfack's news service, the three ski brands made the decision to move production from lower-cost ...
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News briefs
Air Liquide says it has entered exclusive negotiations for the...
Air Liquide says it has entered exclusive negotiations for the sale of Aqua Lung, its scuba diving equipment subsidiary, to Montagu Private Equity, the European investment fund previously known as HSBC Private Equity. The latest reported data show that Aqua Lung's revenues fell by 5 percent to €103 million in ...
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One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to...
One of Germany's wealthiest men, Carsten Mashmeyer, has agreed to invest more than €750,000 to acquire a 20 percent stake in Glorify, the Austrian brand of supposedly unbreakable sports and sun glasses. He responded to an appeal for funding made on a popular TV show by the president of Glorify, ...
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Four Marketing, an international premium fashion agency that holds the...
Four Marketing, an international premium fashion agency that holds the rights to represent over 30 brands through their flagship and online stores, has announced the acquisition of two brands of outerwear, Penfield and Cape Heights, from their chief executive and creative director, James Barshall. Founded in Hudson, Massachusetts in 1975, ...
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A large investment fund, Brookfield Asset Management, has taken advantage...
A large investment fund, Brookfield Asset Management, has taken advantage of the distressed price of Performance Sports Group (PSG) shares to accumulate a 13.2 percent stake in the company, which owns Bauer Hockey and other sports brands. The share price jumped by 16 percent to $4.16 on the news, but ...
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361 Degrees announced that it has no outstanding notes in...
361 Degrees announced that it has no outstanding notes in issue, following the early redemption of all senior 7.5 percent notes that were due in 2017. The last batch of notes, worth a total of 306,920,000 yuan renmimbi (€41.36m-$45.71m) was redeemed in full on Oct. 5. All the notes have ...
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Nike will begin construction in mid-2017 of a sixth building...
Nike will begin construction in mid-2017 of a sixth building at its world headquarters in Beaverton, Oregon, adding about 360,000 square feet of office space and 330,000 square feet for parking to its campus. As for other buildings under development, it will aim for LEED Platinum Certification as part of ...
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Shimano Europe will implement a new pricing strategy from next...
Shimano Europe will implement a new pricing strategy from next year, which aims to harmonize pricing between its own sales offices in Europe and to switch from a volume-driven to a value-based pricing strategy. While Shimano's customers previously obtained discounts based on the size of their orders, the new pricing ...
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Matt, a Spanish brand of gloves, headbands, caps, hats, scarves...
Matt, a Spanish brand of gloves, headbands, caps, hats, scarves and other accessories for winter and outdoor sports, has been acquired by Excens, a Spanish group involved in sports and logistics. Synergies are expected with two of its brands, TRS Motorcyles and Hebolution Parts (or just Hebo), which stand for ...
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Moncler's were the best-performing stock in Milan's FTSE MIB -...
Moncler's were the best-performing stock in Milan's FTSE MIB - the index of the 40 most-traded stock classes on the exchange - on Sept. 15, with a 3.8 percent gain, following rumors of a possible investment in the Italian luxury clothing brand by Fosun International. Fosun, founded in 1992 by ...
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Vibram has announced has celebrated its centennial anniversary of manufacturing...
Vibram has announced has celebrated its centennial anniversary of manufacturing in the U.S. The milestone celebration, which was open to the public, took place on Sep. 16, at its Quabaug Vibram Innovation (QVI) plant in North Brookfield, in central Massachusetts. The company said 2016 will not only celebrate the past, ...
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IC Group reported a few days ago that one of...
IC Group reported a few days ago that one of its shareholders, ATP, has reduced its stake in the company to 7.15 percent. The company, which owns Peak Performance, later announced that its share capital has been increased by 0.2 percent because of an exercise of warrants. The exercise price ...
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VF Corp. has issued Eurobonds worth a total of €850...
VF Corp. has issued Eurobonds worth a total of €850 million. The proceeds from the senior unsecured notes, which carry annual interest of 0.625 percent, will be used for working capital requirements and general corporate purposes. They will provide a natural currency hedge for operations in Europe.
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Wolverine Worldwide completed a debt refinancing program on Sept. 15,...
Wolverine Worldwide completed a debt refinancing program on Sept. 15, allowing the company to save about $30 million worth of interest payments through 2020 and giving it more flexibility in the use of cash. It will also make it easier to repurchase company shares under a recently announced $300 million ...
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Ocean freight containers are reportedly sitting unattended at ports in...
Ocean freight containers are reportedly sitting unattended at ports in the U.S. and Europe as one of the world's major freight forwarders, Hanjin Shipping of South Korea, has filed for insolvency. Hanjin has also filed for bankruptcy protection from creditors in a U.S. The company has liabilities equivalent to $6.0 ...
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Creditors have given Performance Sports Group (PSG), parent company of...
Creditors have given Performance Sports Group (PSG), parent company of Bauer and other brands, an extension from Oct. 5 to Oct. 28 to file its financial statements for the financial year ended May 31, pending an internal investigation of its accounts and those being conducted by U.S. and Canadian regulatory ...
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News briefs
Pearl Izumi, the cycling apparel and footwear brand that belongs...
Pearl Izumi, the cycling apparel and footwear brand that belongs to the Shimano group, has decided to pull out of the running category and instead focus on cycling. The exit from the running business, which makes up just over 10 percent of Pearl Izumi's turnover, is effective from January 2017. ...
