All Corporations articles – Page 127
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News briefs
Pon Holdings, the acquisitive Dutch bicycle group, has taken over...
Pon Holdings, the acquisitive Dutch bicycle group, has taken over Santa Cruz Bicycles from California, which specializes in high-end mountain bikes. Its range is sold in about 70 countries under the Santa Cruz brand for men and Juliana for women. Pon, a major Dutch car importer, has been storming through ...
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Backcountry.com, a leading U.S. online outdoor retailer, has been acquired...
Backcountry.com, a leading U.S. online outdoor retailer, has been acquired by TSG Consumer Partners, an investment firm specializing in the branded consumer market. The deal was sealed with the previous owner, Liberty Interactive Corporation, at an undisclosed price. TSG said it would help the online retailer with the famous goat ...
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Summit Sports, a predominantly online retailer from Michigan specializing in...
Summit Sports, a predominantly online retailer from Michigan specializing in winter sports, outdoor, water and action sports products, has been purchased by Digital Fuel Capital, a U.S. private equity group focused on online business investments. Established as a store in Michigan, Summit Sports was one of the earliest online specialists, ...
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Short stops
IC Group, the Danish company that owns Peak Performance, has...
IC Group, the Danish company that owns Peak Performance, has signed an agreement for the sale of its head office in Copenhagen and it plans to relocate to a much smaller property in or around the Danish capital during the first half of 2016
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News briefs
The second tranche of a share buyback program initiated by...
The second tranche of a share buyback program initiated by the Adidas Group in March was completed on June 15. This was a tranche with an aggregate acquisition cost of up to €300 million excluding incidental purchasing costs, but no more than 6 million treasury shares, to be repurchased exclusively ...
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News briefs
Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has...
Zyvex Technologies, the nanotechnology company based in Columbus, Ohio, has been acquired by Ocsial. The two firms announced the deal at the TechConnect World Innovation Conference and Expo in Washington, DC on June 16. The financial terms of the transaction were not disclosed. Zyvex, founded in 1997, has contributed to ...
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News briefs
Sport Nordic, the Danish company that owns Sportmaster, has added...
Sport Nordic, the Danish company that owns Sportmaster, has added an important sneaker store in Copenhagen to its store network. After buying the Unisport store in Copenhagen last January, it has taken over Rezet Sneaker, a store that sells the sneakers of major sports brands. Rezet was originally founded in ...
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News briefs
According to unconfirmed German news reports, a Chinese conglomerate, Fosun,...
According to unconfirmed German news reports, a Chinese conglomerate, Fosun, together with a German investor, Bernd Beetz, is set to take over most of the shares of Bogner. A football champion, Philipp Lahm, and the current CEO of Daimler, Dieter Zetsche, would also invest in the company. Beets, 63, is ...
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Article
Fitbit is worth $6 billion
The stock market gave Fitbit a valuation of nearly $6.3 billion as the company went public on the New York Stock Exchange yesterday, making the IPO one of the most successful ones in recent years. It's a lot for a company that had net income of $131.8 million on sales ...
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News briefs
An Italian investment group, Palladio Finanziaria, has acquired a 40...
An Italian investment group, Palladio Finanziaria, has acquired a 40 percent stake in Finproject, the Italian company that makes the EVA soles for Crocs' shoes. Palladio, which bought the shares from Xenon Private Equity through a subsidiary called Vei Capital, will help Finproject to broaden the use of its special ...
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News briefs
Kettler, the German producer of sports and leisure equipment, filed...
Kettler, the German producer of sports and leisure equipment, filed for bankruptcy under its own administration at a court in Arnsberg yesterday. The family-owned company said in a press release that its operations would not be disrupted, and that the proceedings were necessary to avoid an unwanted takeover by a ...
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News briefs
Brunswick says it has completed the disposal of its bowling...
Brunswick says it has completed the disposal of its bowling business, which was expected to generate net proceeds of between $270 and $290 million. Its bowling centers have been sold to a long-time competitor, Bowlmor AMF. A company in Atlanta, BlueArcCapital, has acquired Brunswick's bowling products business.
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News briefs
Balega Socks, a company from North Carolina specializing in performance...
Balega Socks, a company from North Carolina specializing in performance socks, has been acquired by Implus Corporation, a group that owns a slew of brands in the footwear, sports and fitness markets, such as Sof Sole, Yaktrax, Airplus, Sneaker Balls, Icetrekkers and more. The partnership is meant to help Implus ...
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News briefs
Vibram USA, the North American subsidiary of the Italian sole...
Vibram USA, the North American subsidiary of the Italian sole maker, has acquired the soling assets of Quabaug Corporation, its U.S. manufacturing and distribution partner since 1965. Their activities are to be integrated into Quabaug Vibram Innovation (QVI). Vibram said the aim of the acquisition was to maintain its U.S.-based ...
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News briefs
Airesis, the Swiss holding company that owns a majority stake...
Airesis, the Swiss holding company that owns a majority stake in Le Coq Sportif, has acquired 92 percent of Movement Group, a Swiss company specializing in freestyle skis with a turnover in the range of 15 million Swiss francs (€14.4m-$16.1m). Sealed at an undisclosed price, the acquisition encompasses Wild Duck ...
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News briefs
The Adidas Group appeared puzzled this week by a lengthy...
The Adidas Group appeared puzzled this week by a lengthy German newspaper report containing allegations that workers contracted through temporary work agencies at a logistical center in Rieste, Germany, were treated unfairly. The article in Die Zeit reports complaints from workers that they were asked to be permanently on call without ...
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News briefs
Fitbit has filed a price range of $14 to $16...
Fitbit has filed a price range of $14 to $16 per share for its initial public offering, which would give the maker of wearable fitness tracking devices a market capitalization of $3.1 billion at the midpoint of the price range. The company will be selling 22.4 million shares and current ...
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News briefs
Reports indicate that Metro Group has started discussing the possible...
Reports indicate that Metro Group has started discussing the possible sale of its Kaufhof and GB Inno department stores in Germany and Belgium, possibly including the Kaufhof Sportarena stores, with the Canadian Hudson's Bay department store group. Signa Retail, the Austrian-based real estate company that bought Karstadt and Karstadt Sports, ...
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News briefs
Shares in Sports Direct International (SDI), the leading British sports...
Shares in Sports Direct International (SDI), the leading British sports retailer and wholesaler, jumped by nearly 8 percent in the week after the Conservatives' win in the British general election. Ed Milliband, Labour's candidate, has been outspoken about his disapproval of zero-hour contracts used by SDI and some other retailers, ...
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News briefs
On, the Swiss running footwear brand, has opened an office...
On, the Swiss running footwear brand, has opened an office in Yokohama to respond to strong Japanese demand and to support expansion in other Asian countries. Marc Maurer, the company's chief operating officer, explained that the Japanese market's size as well as its bias to technology and design made it ...
