All Corporations articles – Page 126
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News briefs
Amer Sports has announced the acquisition of the main assets...
Amer Sports has announced the acquisition of the main assets of Queenax, a provider of modular, functional fitness training machines based near Teramo, in central Italy. Queenax will be integrated into Precor as a component of Amer's fitness division. The inclusion of functional training, one of the fastest growing segments ...
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Intersport France is investing an additional €6 million in Manufacture...
Intersport France is investing an additional €6 million in Manufacture Française du Cycle, its own bike factory at Machecoul, in western France. Intersport took over the plant from Cycleurope in 2013 and since then it has invested more than €10 million in the facility, according to Usine Nouvelle, a French ...
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News briefs
Quiksilver may lose its listing on the New York Stock...
Quiksilver may lose its listing on the New York Stock Exchange (NYSE) unless it manages to lift its share price in the next six months or by its next annual meeting. The group says it was notified by NYSE on July 10 that it no longer complies with a requirement ...
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News briefs
Jason Whitson and Tommy Fad, the founders of Gritness, have...
Jason Whitson and Tommy Fad, the founders of Gritness, have confirmed on their own website that their search engine for group fitness activities has been sold to Under Armour (UA). The idea behind Gritness, launched in June 2013 in Austin, Texas, was to stimulate group fitness by creating a digital ...
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News briefs
Wolverine Worldwide has raised its senior secured credit facility by...
Wolverine Worldwide has raised its senior secured credit facility by $300 million to $950 million, comprising a term loan of $450 million and a $500 million revolving credit. The new credit agreement negotiated with company's lenders also extends the maturity date of the facility. It lowers the cost of servicing ...
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News briefs
Decathlon has signed two contracts with the Goodman group for...
Decathlon has signed two contracts with the Goodman group for the installation of two new logistic platforms in China. One will be established in the Goodman Hannan Logistics Park at Wuhan, in Hubei province, and will have a surface of 85,000 square meters. The other one will measure 72,000 m² ...
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News briefs
Duca del Cosma, the German brand of golf and golf-inspired...
Duca del Cosma, the German brand of golf and golf-inspired shoes and clothing, has filed for insolvency proceedings in a court at Landshut. Plans are to stabilize the financial situation and to look for professional investors with the help of Advantum Corporate Finance. The brand was launched in 2004 by ...
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News briefs
El Corte Inglés, the big Spanish retailer, which plays a...
El Corte Inglés, the big Spanish retailer, which plays a big role in the sporting goods market, has sold a 10 percent stake for €1 billion to Sheikh Hamad Bin Jassim Bin Jaber Al Thani, a former Prime Minister of Qatar and former head of the Qatar Investment Authority. Sheik ...
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News briefs
Skechers has signed a new credit agreement with various banks,...
Skechers has signed a new credit agreement with various banks, replacing the one it had negotiated in 2009. It covers revolving loans of up to $250 million, or even $350 million, with relatively marginal interest rates. It allows Skechers to pay dividends to its shareholders and to buy back shares ...
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News briefs
Brunswick Corp., the parent company of Life Fitness, has acquired...
Brunswick Corp., the parent company of Life Fitness, has acquired Scifit Systems and added it to its Life Fitness division. The financial terms of the transaction were not disclosed. Scifit, based in Tulsa, Oklahoma, has a line of fitness equipment designed to meet the needs of senior citizens and patients ...
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News briefs
According to the Oregonian, Adidas is considering the establishment of...
According to the Oregonian, Adidas is considering the establishment of a factory in Detroit to make sneakers for the North American market. The rumor, which could not be confirmed, follows a statement by Nike that it would create 10,000 jobs in the U.S. if the Trans-Pacific Partnership with Vietnam and ...
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News briefs
Niki Lauda, the famous Austrian Formula 1 champion, has reported...
Niki Lauda, the famous Austrian Formula 1 champion, has reported acquired a stake of more than 10 percent in Signa Retail, the Austrian-based real estate company that controls the Karstadt department store chain and the Karstadt Sports stores in Germany, through his foundation. The car racer is also investing in ...
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Short stops
Sram has moved its global headquarters to the West Loop...
Sram has moved its global headquarters to the West Loop neighborhood of Chicago
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News briefs
Diadora has reopened a production line at its factory in...
Diadora has reopened a production line at its factory in Caerano di San Marco, near Montebelluna, to make a “made in Italy” line of high-end sneakers in collaboration with leading sneaker stores. The goal is to reach an annual output of about 100,000 pairs. The plant has been closed for ...
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News briefs
A majority of Rocket Internet's shareholders has decided to raise...
A majority of Rocket Internet's shareholders has decided to raise up to two billion euros in new funding through convertible bonds and other means to help it to become the biggest internet platform outside the U.S. and China. The Berlin-based company, which helped Zalando to start up, already has about ...
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News briefs
A diversified Chinese group, Dalian Wanda Group Co., has closed...
A diversified Chinese group, Dalian Wanda Group Co., has closed the transaction for its planned acquisition of a majority stake in Infronts Sports & Media, the Swiss-based international sports marketing agency run by Philippe Blatter, from the Bridgepoint private equity group. The transaction is valued at about €1.05 billion.
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News briefs
Zalando's listing on the Frankfurt Stock Exchange has been upgraded...
Zalando's listing on the Frankfurt Stock Exchange has been upgraded from the SDAX to the MDAX index of the 50 major German mid-cap companies. The market capitalization of the company has risen by 40 percent since it went public last October on the strength of its improved financial results.
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News briefs
Minerva, a Belgian bicycle manufacturer, was declared bankrupt on June...
Minerva, a Belgian bicycle manufacturer, was declared bankrupt on June 25 by a commercial court in Hasselt, Belgium. Employing 16 people, the company reportedly had an annual production of about 20,000 city and trekking bikes. Minerva is an established bicycle brand in Belgium and even more so in the province ...
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News briefs
Maier Sports Group, the German snow sports and outdoor apparel...
Maier Sports Group, the German snow sports and outdoor apparel brand, is to be taken over by Schwan-Stabilo, the German group that is already the owner of Deuter and Ortovox. Martin Riebel, chief executive at Deuter and Schwan-Stabilo Outdoor, said that Maier Sports neatly completed the group's offering in the ...
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News briefs
Skechers USA has been upgraded by Standard & Poors Dow...
Skechers USA has been upgraded by Standard & Poors Dow Jones to its MidCap 400 Index. Meanwhile, financial analysts have been speculating that Nike and Adidas have been considering a takeover of the fast-growing American lifestyle and sports footwear brand. Apparently, there has been no expression of interest, though.
