All Corporations articles – Page 123
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News briefs
Facing sluggish sales in some of its largest markets and...
Facing sluggish sales in some of its largest markets and tough pressure on margins due to adverse exchange rate changes, Mammut Sports Group has decided to close the rope production unit at its head office in Seon, Switzerland. It will be transferred from the start of September 2016 to an ...
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News briefs
Vaude is opening an entirely renovated headquarters in Tettnang, near...
Vaude is opening an entirely renovated headquarters in Tettnang, near Lake Constance, to accommodate 500 people, following a large expansion of its staff over the recent years. The German company spent about €7 million on the project, including the addition of 3,000 square meters of office space. It is an ...
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News briefs
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to...
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to Maj Invest, a Danish private equity and asset management group, for 500 million Danish kroner (€66.9m-$76.0m). Svendsen has invested 40 million kroner (€5.4m-$6.1m) to secure a 15 percent stake in the company and will remain as managing director of Svendsen ...
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News briefs
Lotto Sport Italia and Stonefly, which share some common ownership,...
Lotto Sport Italia and Stonefly, which share some common ownership, have been studying a possible integration of some of their operations, ranging from the supply chain to the retail network. It seems that the plan could come to fruition in terms of back-office operations during the first half of 2016. ...
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News briefs
Jarden Corp. has launched a secondary offering, due to close...
Jarden Corp. has launched a secondary offering, due to close on Oct. 21, for 10 million shares priced at $49.00 each, plus an overallotment of 1.5 million shares. The proceeds will be used to fund a portion of its planned acquisition of Jostens, a company that supplies high-school memorabilia such ...
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Short stops
Calida, the Swiss lingerie group, is holding discussions with the...
Calida, the Swiss lingerie group, is holding discussions with the minority shareholders of Lafuma to take over the 35 percent stake it doesn't own in the French company at a reasonable price, says Sportguide.com
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News briefs
IC Group's board of director has decided to initiate a...
IC Group's board of director has decided to initiate a new program that will grant up to 61,113 performance shares to the members of its global management team and other selected executives, for a total of 23 participants. They will have an opportunity to get one-quarter of the shares depending ...
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News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
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News briefs
Bauer Hockey has opened an Innovation Center in Blainville, Quebec....
Bauer Hockey has opened an Innovation Center in Blainville, Quebec. The facility, which has a surface of more than 9,200 square meters, recently hosted the annual BauerWorld event, which welcomed around 350 of the company's top global retail partners. The new site features more than 150 testing and R&D machines, ...
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News briefs
Callaway Golf is offering to redeem the balance of its...
Callaway Golf is offering to redeem the balance of its outstanding 3.75 percent convertible senior notes due in 2019, plus accrued interest, leaving the company without any long-term debt. The principal on the notes carries a total value of $27,517,000, plus interest. Until Nov. 16, the note holders will be ...
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News briefs
Adidas is expected to put an end to its involvement...
Adidas is expected to put an end to its involvement in table-tennis equipment by the end of this year. Greenmaster, which has been its licensee for this product category, has reportedly agreed to stop it by then. Frank Koch, the former executive of Kettler who started the project at Greenmaster, ...
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News briefs
About 350 of the 550 workers at Mifa Bike, the...
About 350 of the 550 workers at Mifa Bike, the German bicycle manufacturer, were requested to switch to a shorter working week for three months from the start of October to support the company's turnaround. Mifa filed for insolvency in September last year, after the failure of takeover discussions with ...
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Short stops
Billabong's shares will reverse split on Nov. 30 on a...
Billabong's shares will reverse split on Nov. 30 on a five-to-one basis, reducing the number of outstanding shares from 990 million to 198 million
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News briefs
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that...
Johnson Health Tech (JHT), the Taiwanese fitness equipment maker that owns the Matrix, Vision and Horizon brands, has acquired Stak Fitness, a leading distributor of fitness gear in Canada. It will operate as a separate subsidiary for JHT, with current management and staff. Established in 2004 by Karim Toupin-Chaieb, Stak ...
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News briefs
The Mammut Sports Group has decided to outsource the labor-intensive...
The Mammut Sports Group has decided to outsource the labor-intensive manufacture of its ropes at its facility in Seon by Sept. 1, 2016, but the Swiss company will continue to use the site to design, develop, test and market its ropes. The new contractor is an Austrian family-owned company, Teufelberger. ...
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Short stops
Nick Woodman, founder and chief executive of GoPro, has denied...
Nick Woodman, founder and chief executive of GoPro, has denied a possible sale of his company to Apple
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News briefs
Thule Group has inaugurated an expanded global testing center in...
Thule Group has inaugurated an expanded global testing center in Hillerstorp, Sweden. The new lab features a doubling of space - from 600 to 1,200 square meters - and additional tools that enable the testing of all products in Thule's expanding product portfolio, thanks to an additional investment of SEK20 ...
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News briefs
Signa Holding, the Austrian-base real estate company that controls Karstadt...
Signa Holding, the Austrian-base real estate company that controls Karstadt and Karstadt Sports, has some new shareholders. Textilwirtschaft mentions the Falcon Private Bank of Abu Dhabi with a stake of 24.9 percent and Ernst Tanner, chief executive of Lindt & Sprüngli, with 10 percent of the shares. They take the ...
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News briefs
Life Fitness, a division of Brunswick Corp., has announced a...
Life Fitness, a division of Brunswick Corp., has announced a 50,000-square-foot expansion for its factory in Ramsey, Minnesota, which will bring the surface of the facility to more than 330,000 square feet. The expansion was decided after production at the factory nearly doubled over the last six years. The addition ...
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News briefs
Andrew Vara, the trustee appointed to oversee the bankruptcy of...
Andrew Vara, the trustee appointed to oversee the bankruptcy of Quiksilver in the U.S., has appointed a committee to represent the company's unsecured creditors in the court hearings due to be held next week. They are Justin Shearer from Global Corporate Trust Services, Baily Dent of New Generation Advisors, Ian ...
