All Corporations articles – Page 137
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News briefs
Exceed Company of China has once again adjourned an extraordinary...
Exceed Company of China has once again adjourned an extraordinary shareholders' meeting to approve a merger that would transfer full ownership to its chairman and chief executive, Shuipan Lin. It is now planned for July 29 in Hong Kong, after obtaining additional financing of US$5 million. A June 26 announcement ...
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Dorotennis, the French brand of women's activewear, has been placed...
Dorotennis, the French brand of women's activewear, has been placed in liquidation. Founded in 1977, it has gone through several changes of ownership in the last twenty years, each time without any spectacular results. It was bought in 1995 by Fila and then, five years later, by an equity fund, ...
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Hanesbrands has signed a deal for the acquisition of DBA...
Hanesbrands has signed a deal for the acquisition of DBA Apparel, a French producer of intimate apparel, underwear and hosiery, forming one of the largest groups in the sector, with an annual turnover of nearly $6 billion. The deal values DBA at €400 million, or 7.5 times annual earnings before ...
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News briefs
Callaway Golf is refinancing its $230 million asset-based revolving credit...
Callaway Golf is refinancing its $230 million asset-based revolving credit on better conditions, keeping the size of the credit facility. As of March 31, the company had $141 million outstanding under its present arrangement.
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News briefs
The board of Exceed, the Chinese sporting goods company, has...
The board of Exceed, the Chinese sporting goods company, has decided to delay once again a merger deal initially proposed last Dec. 2 to allow its chairman, Shuipan Lin, to complete the financing of the transaction. The new deadline is June 20. After the merger, Lin's stake would increase from ...
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News briefs
ANWR Group, the biggest German and European cooperative of independent...
ANWR Group, the biggest German and European cooperative of independent shoe retailers, has taken over Tom Holding, the holding company of Schuh & Sport Mücke Group, a Bavarian discount shoe and sporting goods retail chain, and its eleven stores in Bavaria. Schuh and Sport Mücke recorded sales of about €100 ...
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News briefs
The Danish Bestseller Group, which owns Jack & Jones and...
The Danish Bestseller Group, which owns Jack & Jones and other fashion brands, has made a new investment in internet retailing by taking over M & M Direct for £140 million (€174.8m-$237.2m). M&M is a major U.K.-based retailer of discounted fashion, footwear and sports products that is projecting sales ...
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Short stops
Implus is taking over FitDeck, an American system of playing...
Implus is taking over FitDeck, an American system of playing cards – both physical and digital – which is said to make physical exercise simpler, more convenient and fun
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News briefs
We have already reported that Zalando may go public on...
We have already reported that Zalando may go public on the stock exchange. Rocket Internet, one of the major shareholders of Zalando and other fashion websites around the world, has now mandated three investment consultants - Berenberg, JP Morgan Chase and Morgan Stanley - to study the possibility of launching ...
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News briefs
Bauer Performance Sports is changing its name again to Performance...
Bauer Performance Sports is changing its name again to Performance Sports Group, in connection with a $110 million secondary offering of new shares in the U.S. and Canada, intended to repay some of the money borrowed for its recent $330 million acquisition of Easton's baseball and softball business. For the ...
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News briefs
The British Halfords Group has acquired the Boardman bike business...
The British Halfords Group has acquired the Boardman bike business launched by Chris Boardman, former Olympic and Tour de France cyclist. Halfords already has an exclusivity deal to sell the Boardman Performance Series in the U.K. and Ireland while the Boardman Elite Series is sold at selected independent cycling retailers ...
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News briefs
Blake Mycoskie, who founded Toms Shoes in 2006, is looking...
Blake Mycoskie, who founded Toms Shoes in 2006, is looking for investors to take over his company, which may be worth as much as $600 million in spite of its generous “one for one” donations of shoes and eyewear, according to the Financial Times. The goal is to make the ...
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News briefs
Shortly before the football World Cup, a new team sports...
Shortly before the football World Cup, a new team sports brand is about to hit the German market. The new label is called Geco Sportswear, and it proposes an interesting value-for-money ratio. Retailers are not required to place pre-orders or to order a certain minimum quantity of merchandise. Instead, the ...
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News briefs
Mike Ashley is said to be planning a big move...
Mike Ashley is said to be planning a big move into the gym business through the likely acquisition of about 30 clubs operated by LA Fitness in the U.K. The controlling shareholder of Sports Direct International would thus emulate the strategies implemented by his rival, Dave Whelan, many of whose ...
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Short stops
Mike Ashley will reportedly ask the annual meeting of Sports...
Mike Ashley will reportedly ask the annual meeting of Sports Direct International next September to approve a new performance bonus scheme that will benefit him also for the first time since going public, in addition to the employees of the group
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News briefs
Quabaug, the American company that makes soles for Vibram, has...
Quabaug, the American company that makes soles for Vibram, has announced a joint investment of $1.2 million with Vibram in product research and development. The goal is to develop new types of soles in response to a new directive from the U.S. Department of Defense that requires all new military ...
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News briefs
Musto has adoped Centerstone Technologies' new “Navigate” internet interface. The...
Musto has adoped Centerstone Technologies' new “Navigate” internet interface. The tool allows sales reps, distributors and retailers to check Musto's stock availability, place immediate or forward orders and replenish on sizes and items. It is a new version of the iVendix tool that allows quick browsing through the brand's collections. ...
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News briefs
Bregal Partners, which acquired Shock Doctor in March this year,...
Bregal Partners, which acquired Shock Doctor in March this year, and Michael Magerman, a consumer industry veteran, have announced that they are partnering to invest in enthusiast consumer brands. Bregal has committed $100 million to future investments, targeting product companies with authentic consumer brands that resonate with passionate consumers. In ...
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News briefs
Hero Cycles, India's largest bicycle manufacturer, is acquiring a 47...
Hero Cycles, India's largest bicycle manufacturer, is acquiring a 47 percent stake in Mitteldeutsche Fahrradwerke (MIFA), the troubled German bicycle and e-bike maker. Through its subsidiary OPM Global, based in Amsterdam, Hero will buy shares worth up to €15 million in MIFA. This stands for a 10 percent capital increase ...
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News briefs
Tennis Point, a German major retailer of tennis products, is...
Tennis Point, a German major retailer of tennis products, is taking over Tennis Peters, a 36-year-old mail order retailer, according to SAZ Sport. Tennis Point has eight brick-and-mortar tennis shops and an online store. It had sales of €20.5 million in 2012, 35 percent of which were generated through its ...
