All Corporations articles – Page 125
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News briefs
Wolverine Worldwide remains interested in acquisitions, but while there are...
Wolverine Worldwide remains interested in acquisitions, but while there are plenty of actionable assets in the market, the valuations are a bit high. Wolverine would prefer a good brand with heritage with at least $75 million in revenues - ideally between $200 million and $600 million. An acquisition outside the ...
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News briefs
Hero Cycles, the major Indian bicycle producer, has acquired control...
Hero Cycles, the major Indian bicycle producer, has acquired control of Avocet Sports, a major distributor of cycling products based in Manchester, U.K. In its attempt to enter the European market, Hero started two years talks for the takeover of Mifa, the financially stricken German bike producer, but they failed. ...
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Short stops
Sports Direct International has acquired a 25% stake in Four...
Sports Direct International has acquired a 25% stake in Four Marketing, the British distributors of various fashion brands including Stone Island, CP Company and 7 For All Mankind
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News briefs
Nike has a new $2.0 billion revolving credit facility with...
Nike has a new $2.0 billion revolving credit facility with Bank of America, Citibank, Deutsche Bank and HSBC. Replacing a $1.0 billion line of credit, it matures in July 2020, with option for a two-year extension. At the end of the last quarter, Nike had cash and short-term investments worth ...
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News briefs
Pentland Group disclosed that it has made an investment in...
Pentland Group disclosed that it has made an investment in Tracksmith, a developer of premium performance running apparel, based in Boston, participating with others in a $4 million round of financing. The investment will help Tracksmith to further expand the product offering, to boost marketing and to create physical training ...
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News briefs
United Sports Brands is the new name of the combined...
United Sports Brands is the new name of the combined global organization resulting from the already announced merger of Shock Doctor Sports and McDavid. It will serve as the corporate parent of the two companies' brands: Shock Doctor, McDavid, Cutters and XO. United Sports Brands will move to a new ...
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News briefs
Several Dutch shoe retailers have filed for bankruptcy in the...
Several Dutch shoe retailers have filed for bankruptcy in the last few months, as reported in Shoe Intelligence, blaming competition and the economy. This time it's the turn of a major sporting goods retailer, Telstar Sports & Fashion, which operates several megastores in the country. According to Sport Partner, one ...
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News briefs
Under Armour's shareholders approved a stock split on Wednesday, creating...
Under Armour's shareholders approved a stock split on Wednesday, creating a new C class of non-voting shares that will allow the company's founder and chief executive, Kevin Plank, to keep control of the company with 15 percent of the shares and 67 percent of the votes, but with a five-year ...
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News briefs
The board of another fast-growing U.S. company, Skechers USA, has...
The board of another fast-growing U.S. company, Skechers USA, has decided to implement a three-for-one stock split on Oct. 15, subject to shareholders' approval at its annual meeting on Sept. 24. The price of its shares nearly tripled in the past 12 months. At its stock market close of $142.73 ...
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News briefs
We have already reported on the sale of Backcountry.com by...
We have already reported on the sale of Backcountry.com by Liberty Interactive Corp. to an investment firm, TSG Consumer Partners (Compass no. 8-12+13 of July 13). Liberty has now disclosed that it made a gain of $105 million on the transaction, which gave Backcounty.com a valuation of 11 times projected ...
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News briefs
Adidas has completed the purchase of a new warehouse outside...
Adidas has completed the purchase of a new warehouse outside Moscow at a price estimated by local sources at between $70 million and $100 million. Located in a warehousing complex where it has been renting more than 65,000 square meters of space since 2012, the new warehouse is nearly double ...
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News briefs
Adidas is testing different workplace concepts at its headquarters in...
Adidas is testing different workplace concepts at its headquarters in Herzogenaurach in a new office building named “Pitch,” where 300 of its brand management employees were moved at the beginning of the month. The new office space does not embody any finished concept but is the flexible beta version of ...
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News briefs
Dalian Wanda Group Co. has agreed to acquire full ownership...
Dalian Wanda Group Co. has agreed to acquire full ownership of the World Triathlon Corporation (WTC), which owns the Ironman brand and races, for $650 million. The takeover is reportedly going to make Dalian Wanda the world's biggest operator in the sports business. It already organizes many sports events and ...
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News briefs
Since the autumn of 2014, there has been a steady...
Since the autumn of 2014, there has been a steady rise in the number of bankruptcies among Norwegian sporting goods retailers. The number increased from 15 bankruptcies in the first half of 2014, to 23 in the second half of last year, before rising further to 24 in the first ...
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News briefs
Callaway Golf Co. has issued 2,318,399 new shares to retire...
Callaway Golf Co. has issued 2,318,399 new shares to retire $17,388,000 worth of 3.75% convertible senior notes maturing in August 2019. The company will also make an unspecified cash inducement payment as part of the transaction, which will reduce the outstanding principal of the notes to $27,517,000. Earlier, Callaway had ...
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Short stops
K2 and Ride Snowboards completed the renovation of their new...
K2 and Ride Snowboards completed the renovation of their new European headquarters at Penzberg, near Munich, inviting “cool” guests to a “Serious Fun BBG” party
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News briefs
JD Sports Fashion has bought The Cuckoo's Nest. This British...
JD Sports Fashion has bought The Cuckoo's Nest. This British men's streetwear brand, best known for its graphic T-shirts, had been put into administration prior to the purchase. No details were given on the reasons for the administration. Lila Thomas and David Acland of Begbies Traynor, an insolvency firm based ...
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News briefs
New Balance and Berkshire Partners have closed the transaction for...
New Balance and Berkshire Partners have closed the transaction for the acquisition of Rockport from the Adidas Group. They have formed a new company, called The Rockport Group, that combines Rockport with the former Drydock Footwear Group, the company formed by New Balance to group its comfort shoe brands: Dunham, ...
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Short stops
Americana International, the company that owns...
Americana International, the company that owns the Bench brand, has changed its name to Bench.
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News briefs
Quiksilver has hired an adviser, Peter J. Solomon, to help...
Quiksilver has hired an adviser, Peter J. Solomon, to help obtain additional financing from lenders, says Bloomberg. With its stock trading at around 50 cents a share and a warning by the New York Stock Exchange that it may be delisted, Quiksilver is unlikely to raise additional equity. The company ...
