All Corporations articles – Page 117
-
News briefs
Running Heroes, a French online platform intended to stimulate running...
Running Heroes, a French online platform intended to stimulate running participation, has raised €2 million from two French investment companies and business angels. The two lead investors are A Plus Finance and BPI France. Launched in May 2014, Running Heroes encourages runners with goodies and rebates offered by partner brands, ...
-
News briefs
McGregor Fashion Group Holding, the Dutch company that owns Gaastra,...
McGregor Fashion Group Holding, the Dutch company that owns Gaastra, has started holding talks with potential investors and buyers for all or parts of its business after it obtained court protection from creditors earlier this month. McGregor acquired a majority share in Gaastra, the nautical brand, in 2000. A spokesman ...
-
News briefs
Shimano Europe's new headquarters, in the Dutch city of Eindhoven,...
Shimano Europe's new headquarters, in the Dutch city of Eindhoven, will open in January 2017. The facility will accommodate more than 200 employees, after an initial period in which there will be around 150. The Eindhoven office is supposed to become the most important one for the company in Europe, ...
-
News briefs
Coalision, the Montreal-based company that owns the Lolë brand of...
Coalision, the Montreal-based company that owns the Lolë brand of athleisure wear and the Paradox brand of outdoor clothing, has reportedly obtained $21 million in new financing to cover general requirements for working capital, product development and marketing. The move will also help protect the company from currency fluctuations. The ...
-
News briefs
Polartec has been taking flak over its plans to shut...
Polartec has been taking flak over its plans to shut down its manufacturing plant in Lawrence, Massachusetts, after it filed paperwork disclosing its intentions to start laying off workers. United Here, the trade union that represents most of the workers, wrote an open letter to Rose Marcario, chief executive at ...
-
News briefs
The general meeting of XXL ASA has approved a stock...
The general meeting of XXL ASA has approved a stock repurchase program, allowing the board of directors to raise the share capital in one or more rounds by a total of up to 1.2 million Norwegian kroner (€0.13m-$0.14m) up to June 30, 2017. The authorization may be used to issue shares ...
-
News briefs
The owners of Alnisa Sport Group have reportedly announced the...
The owners of Alnisa Sport Group have reportedly announced the start of liquidation proceedings, citing the Spanish company's failure to reach an agreement with Under Armour. Alnisa has been Under Armour's distributor for Spain, Portugal and Andorra for about ten years. As reported in our last issue, UA is planning ...
-
News briefs
Skullcandy may go private. Rick Alden, founder and former chief...
Skullcandy may go private. Rick Alden, founder and former chief executive of the struggling American supplier of headphones, is exploring ways of acquiring the shares that he doesn't presently own. Ptarmagin, a fund controlled by him, owns 12.7 percent of the public company's shares. The stock opened at $20 when ...
-
News briefs
Implus, the acquisitive U.S. company that owns a raft of...
Implus, the acquisitive U.S. company that owns a raft of sports, outdoor and footwear accessories brands, has snapped up the assets of MCN Solutions in Cape Town, a South African distribution partner for Implus and other sporting goods companies. The move will enable Implus to have its own organization in ...
-
News briefs
Cybex International, the fitness company recently acquired by Brunswick Corp.,...
Cybex International, the fitness company recently acquired by Brunswick Corp., parent company of Life Fitness, has broken ground on a $23 million expansion of its manufacturing facility in Owatonna, Minnesota. The extension should double the factory's capacity and add 100 jobs to the existing staff of 324 people.
-
News briefs
361 Degrees is offering to buy back 1,430.5 billion yuan...
361 Degrees is offering to buy back 1,430.5 billion yuan renmimbi (€202m-$230m) worth of 7.5% notes issued in September 2014 and maturing on Sept. 12, 2017. The purchase price corresponds to a premium of 3 percent on the value of the notes, listed on the Hong Kong stock exchange. The ...
-
News briefs
Sports Direct International (SDI) has reportedly been outbid in its...
Sports Direct International (SDI) has reportedly been outbid in its attempt to secure assets of BHS, a British chain offering clothing and household items that went into administration (a form of receivership) around the end of April. The Financial Times reports that the SDI proposition was lower than bids put ...
-
News briefs
Asics is opening a subsidiary in Dubai, to more rapidly...
Asics is opening a subsidiary in Dubai, to more rapidly expand the brand in the region of the Gulf Cooperation Council (GCC). It will take over from Falaknaz, a distribution company that has represented the Japanese brand in the region since 2003. Asics says the opening is part of its ...
-
News briefs
GoPro and Red Bull have announced a multi-year, global strategic...
GoPro and Red Bull have announced a multi-year, global strategic partnership where Red Bull will receive equity in the U.S. action camera manufacturer and GoPro will become Red Bull's exclusive provider of point-of-view imaging technology for Red Bull's media productions and events. Under the agreement, GoPro will have access to ...
-
News briefs
Canyon Bicycles has announced it will enter the U.S. market...
Canyon Bicycles has announced it will enter the U.S. market in 2017 via a new partnership with TSG Consumer Partners, the private equity firm that acquired Backcountry.com last year. Canyon will remain an independent entity, entirely separate from TSG's other investments, while TSG will hold a significant minority stake. Final ...
-
News briefs
Schuh & Sport Mücke, the big German shoe and sporting...
Schuh & Sport Mücke, the big German shoe and sporting goods retail chain that was acquired by ANWR in May 2014, will not be converted to a public limited company. ANWR is now proposing to its general assembly, due to be held in Rotterdam on June 20, to keep it ...
-
News briefs
The Adidas Group says that its pilot plant for fast...
The Adidas Group says that its pilot plant for fast footwear production in Ansbach, Germany, is ready to start commercial production in 2017. The Speed Factory is to operate mostly with robots. The project was unveiled last year as part of the group's “Creating the new” strategy, which has speed ...
-
News briefs
Newell Brands, which recently closed its acquisition of Jarden Corp.,...
Newell Brands, which recently closed its acquisition of Jarden Corp., on April 15, has announced it will establish a new global headquarters in Hoboken, New Jersey. The group has secured $27 million in tax incentives from the New Jersey Economic Development Authority, which will help offset the costs associated with ...
-
News briefs
Halfords has announced the acquisition of Tredz and Wheelies Direct....
Halfords has announced the acquisition of Tredz and Wheelies Direct. Tredz is an online retailer of premium bicycles and cycling parts, accessories and clothing that sell across the U.K. under the Tredz brand. Wheelies Direct is the U.K.'s largest provider of bicycle replacement for insurance companies. The two businesses collectively ...
-
News briefs
Acting through a subsidiary, Eurazeo has sold 19.5 million shares...
Acting through a subsidiary, Eurazeo has sold 19.5 million shares in Moncler, representing about 7.8 percent of the equity, for about €340 million. Its stake is thus reduced to about 13 percent.
