All Corporations articles – Page 116
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News briefs
Hi-Tec Sports has denied a report in OCC Outdoor that...
Hi-Tec Sports has denied a report in OCC Outdoor that a deal was struck for the Dutch-based footwear company's acquisition by Cherokee, a U.S. clothing and licensing group. Hi-Tec belongs to its founder, Frank van Wezel, after he took the company private again in 2000. Hi-Tec's chief executive and Frank ...
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News briefs
Peak Sports Products of China may be delisted if a...
Peak Sports Products of China may be delisted if a bid for 38.81 percent of its shares by Xu's Sport Co. is accepted. The offer values Peak at 6,302 million Hong Kong dollars (€733.7m-$812.5m), a premium of 35 percent over the last closing price or nearly twice its annual turnover. ...
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News briefs
DyStar is setting up a new Global Innovation Center at...
DyStar is setting up a new Global Innovation Center at its factory in Nanjing, China. The 3,000-square-meter facility will include state-of-the-art laboratories for research & development, process technology development and the synthesis and finish of dyes and chemicals for its textile and industrial segments. The new facility will also house ...
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News briefs
Sports Direct International said it will commence a buyback program...
Sports Direct International said it will commence a buyback program for up to 29,923,243 shares, representing about 5 percent of its share capital, for an aggregate maximum outlay of £89,769,729 (€106,604,549-$118,030,796). Citigroup Global Markets will undertake the buyback in behalf of SDI until the annual general meeting of Sept. 7, ...
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Short stops
Hanesbrands has completed its acquisition of Champion Europe
Hanesbrands has completed its acquisition of Champion Europe
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News briefs
The Incipio Group said that one of its subsidiaries started...
The Incipio Group said that one of its subsidiaries started a tender offer for Skullcandy at a price of $5.75 per share in cash, which was agreed on June 23 with the board of the U.S. headphones maker. Incipio's offer amounted to about $177 million. The group is already involved ...
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News briefs
Thule Group has taken over the leading Dutch supplier of...
Thule Group has taken over the leading Dutch supplier of child bike seats, GMG, which generated sales of €6.1 million last year, mainly with its Yepp brand. The purchase price is €10 million, free of debt and cash. Thule, which is already a strong player in the segment, says the ...
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News briefs
François-Henri Pinault, chairman and chief executive of Kering, which owns...
François-Henri Pinault, chairman and chief executive of Kering, which owns Puma and Volcom along with a gang of luxury brands, has told the Financial Times that the group intends to hold on to its majority stake in the sports company until at least 2018. He thus slapped down persistent rumors ...
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News briefs
JD Sports Fashion discloses that Brian Small, chief financial officer...
JD Sports Fashion discloses that Brian Small, chief financial officer of the group, bought 5,000 shares in the company on July 7 at a price of £10.92. The purchase raises his total holdings in the company to 100,800 shares, representing a stake of 0.05 percent.
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News briefs
VF Corp. has sold its Contemporary Brands unit to Delta...
VF Corp. has sold its Contemporary Brands unit to Delta Galil Industries, an Israel-based supplier of branded and private label products, for $130 million. The division had an operating margin of 1.8 percent on sales of $344 million in 2015. The brands being sold are Seven for All Mankind, Ella ...
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News briefs
Skechers has moved to bigger offices for its British subsidiary,...
Skechers has moved to bigger offices for its British subsidiary, as it continues to expand across Europe. It moved from Potters Bar, north of London, to a nearby facility of about 1,600 square meters in St Albans, with nine showrooms and plenty of multi-media technology. Rapid growth in the U.K. ...
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News briefs
Backed by Berkshire Partners, Implus has taken over Spenco Medical...
Backed by Berkshire Partners, Implus has taken over Spenco Medical Corp.'s insole business and its 2nd Skin medical adhesive line. It will integrate them into its insole business, which comprises the Sof Sole and Sof Comfort brands among others. Implus will also acquire Spenco's Canadian operations. The remaining operations of ...
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News briefs
Shimano Europe has announced the signing of a deal for...
Shimano Europe has announced the signing of a deal for the acquisition of Lazer Sport, the Belgian helmet company. The two companies expect to close the transaction, which is subject to customary closing conditions, in the second half of the year. Lazer, founded in 1919, designs, manufactures and markets its ...
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Short stops
A fire damaged the South African warehouse of Billabong, destroying...
A fire damaged the South African warehouse of Billabong, destroying about 2 million Australian dollars (€1.4m-$1.5m) worth of inventories, but nobody was injured
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News briefs
The management and the administrator of the McGregor group said...
The management and the administrator of the McGregor group said that they filed for bankruptcy at a court in Amsterdam on June 27 for eleven out of more than 50 entities belonging to the Dutch owner of Gaastra, the nautical brand. The eleven entities include Gaastra International Sportswear, Gaastra International ...
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Short stops
Adidas has completed a first step in the sale of...
Adidas has completed a first step in the sale of Mitchell & Ness to an American group led by an industry veteran, Kevin Wulff
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News briefs
Wiggle expects to complete shortly the acquisition of Chain Reaction...
Wiggle expects to complete shortly the acquisition of Chain Reaction Cycles and associated operations following clearance of the deal by the U.K. anti-trust authorities. The two companies will form a new group called Wiggle CRC. Brian McBride would act as chairman and Stefan Barden as chief executive. The managing director ...
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News briefs
A group of Swiss-based investors has acquired Varlion, one of...
A group of Swiss-based investors has acquired Varlion, one of the major Spanish brands of pádel tennis. The production of its racquets will remain in the hands of Varlion's founder, Félix Regalía. The new owners have also set up two new companies, Ranelmo and CRG Sports, which will handle the ...
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News briefs
Billabong International has agreed to sell Sector 9, its San...
Billabong International has agreed to sell Sector 9, its San Diego-based skate hardware brand, for $12 million to an affiliate of Bravo Sports, which is part of Transom Capital's portfolio. Neil Fiske, Billabong's chief executive, said in a statement that the company's priority was to lift the performance of its ...
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News briefs
Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus...
Li Ning has reportedly liquidated its Spanish subsidiary, LN Plus Iberomérica, after a settlement of its debts with the outstanding creditors. The bankruptcy proceedings started in 2012. The Spanish brand had entered the market in 2009.
