All Corporations articles – Page 118
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The nominal shares of Intersport PSC, the Swiss licensee of...
The nominal shares of Intersport PSC, the Swiss licensee of Intersport, stopped trading on the SIX Swiss stock exchange on May 12. They can still be negotiated over the counter on the eKMU-X platform of Zurich's Cantonal Bank, BCZ.
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Hanesbrands has expanded and priced its debt offering. It will...
Hanesbrands has expanded and priced its debt offering. It will sell $1.8 billion worth of senior executive notes in two tranches, up from a previous plan for $1.5 billion. The offering will consist of $900 million worth of senior notes maturing in 2024 and carrying interest of 4.625 percent, plus ...
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Hydra Ventures, the venturing arm of the Adidas Group, has...
Hydra Ventures, the venturing arm of the Adidas Group, has become an investor in 360fly, a Californian company that specializes in single-lens cameras capturing 360-degree videos. Hydra Ventures came on board as part of a Series C round of financing worth $40 million. It joins L Catterton and Qualcomm Ventures, ...
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Go Outdoors, the British outdoor retailer with 57 large-scale stores,...
Go Outdoors, the British outdoor retailer with 57 large-scale stores, is studying strategic options that could lead to a sale of at least part of its shares. Go Outdoors said it was in the initial stages of discussions with potential investors, as a means to fuel expansion. Chris Matthews, the ...
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Nike is recommending rejection of an unsolicited offer made by...
Nike is recommending rejection of an unsolicited offer made by a Canadian investment firm, TRC Capital Corp., to purchase up to two million shares of Class B common stock, amounting to less than one-sixth of one percent of all outstanding shares. Nike noted that the offer price of $57.00 is ...
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The Kufner Group, a leading global supplier of interlinings and...
The Kufner Group, a leading global supplier of interlinings and technical textiles, will take over Ploucquet and its production site in Zittau, Germany, from Smart Solutions Holding, formerly Sympatex Holding, with effect from April 20. Sympatex Holding, parent company of Sympatex, changed its name to Smart Solutions Holding in February. ...
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Lion Capital, an investment company based in the U.K., has...
Lion Capital, an investment company based in the U.K., has taken a minority stake of 20 percent in the Authentic Brands Group, the company that owns 23 brands including Airwalk, Muhammad Ali, Spyder Action Sports, Shaquille O'Neil, and Tretorn among other assets. The majority is still held by its founder ...
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Sram has announced a restructuring program involving the layoffs of...
Sram has announced a restructuring program involving the layoffs of around 40 employees globally due to soft sales over the past year. The company said it intends to focus on new business areas in order to be more aligned with the competitive dynamics of the industry. The 40 employees it ...
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Confirming a report in Drapers magazine, Fran Allen, who has...
Confirming a report in Drapers magazine, Fran Allen, who has been vice president of New Balance for the Europe, Middle East and Africa (EMEA) region since February 2015, doesn't exclude the possibility that the company will take over the distribution in some other European countries, as it recently did in ...
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Fresh from its agreement to buy Champion Europe for about...
Fresh from its agreement to buy Champion Europe for about €200 million (see our previous issue), Hanesbrands announced the acquisition of Pacific Brands for an enterprise value of $800 million, a regular dividend and a new stock buyback program worth up to $1 billion at today's prices. The purchase price ...
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Vista Outdoor has obtained a new credit facility to help...
Vista Outdoor has obtained a new credit facility to help finance its purchase of BRG Sports' Action Sports division, which was announced in February. The new loan will include a $400 million revolving credit facility and adds another $290 million to its $350 million term loan A facility for a ...
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VF Corp, the owner of The North Face and Timberland,...
VF Corp, the owner of The North Face and Timberland, among many other brands, said it was exploring “strategic alternatives” for its Licensed Sports Group (LSG) business. This part of the U.S. group includes the Majestic Athletic brand and it supplies apparel and fanware through licensing agreements with U.S. and ...
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To cope with its strong expansion, Under Armour will move...
To cope with its strong expansion, Under Armour will move its European office from its current 1,600-square-meter space in the former Olympic Stadium in Amsterdam to a 4,800-square-meter space in the iconic Citroën Buildings in the Olympic area of the city, soon after the completion of their pioneering redevelopment in ...
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Sport Chalet, a big American sporting goods retail chain, is...
Sport Chalet, a big American sporting goods retail chain, is closing all its 47 physical stores and its online shop, but Olivier Leclercq, a member of the family that owns 42 percent of Decathlon, is not going to be affected. Leclercq had made an unspecified personal investment in Sport Chalet ...
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Foot Locker has been added to the Standard & Poor's...
Foot Locker has been added to the Standard & Poor's 500 stock index, replacing Cameron International which has been acquired by Schlumberger. For any company, the inclusion in this major index tends to give a strong boost to the demand for its shares.
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Burton Snowboards's president, John Lacy, informed its 900-odd employees on...
Burton Snowboards's president, John Lacy, informed its 900-odd employees on March 16 that about 4 percent of its global staff was being laid off because of the poor snowfall in the past winter, global economic instability and a “challenged retail landscape.” The bankrupt Sports Authority chain in the U.S. owes ...
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Dobotex, the Dutch bodywear company owned by Puma since 2012,...
Dobotex, the Dutch bodywear company owned by Puma since 2012, has expanded its logistics. The company, which is the European licensee of Levi's, Tommy Hilfiger and Puma for men's underwear and socks, is opening a new logistical center in Tilburg. It will become operational on May 9, although the official ...
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Quiksilver has completed an exchange offer for the debt of...
Quiksilver has completed an exchange offer for the debt of its European Boardriders subsidiary. It has managed to exchange 91.1 percent of Boardriders' outstanding €200 million worth of 8.875 percent senior notes, due in 2017, with a combination of cash and new 9.5 percent senior notes, due in 2020. Boardriders ...
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Kettler, the German fitness equipment company that went into self-administered...
Kettler, the German fitness equipment company that went into self-administered receivership in June, said it would exit the proceedings and resume business without restrictions from the start of April. Kettler already moved closer to the end of the proceedings in February when its insolvency plan was approved by creditors. The ...
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Mårten Nydahl, CEO of Cycleurope Sverige, told the Hallands Nyheter...
Mårten Nydahl, CEO of Cycleurope Sverige, told the Hallands Nyheter newspaper in Sweden that the Cycleurope group achieved a turnover of nearly €500 million in 2014 and its profit increased €23.7 million, up from €18.6 million in 2014. As reported in Bike Europe, Nydahl added that Cycleurope moved some of ...
