All Corporations articles – Page 139
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News briefs
Groupe Go Sport's parent company, Rallye has successfully placed a...
Groupe Go Sport's parent company, Rallye has successfully placed a new seven-year bond worth €500 million. Bearing a yield of 4 percent, it was significantly oversubscribed. Banca IMI, BNP Paribas, CM-CIC, Société Générale, The Royal Bank of Scotland and UBS acted as joint bookrunners for the new bond issue. BNP ...
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News briefs
Shock Doctor Sports, best known for its mouth guards, has...
Shock Doctor Sports, best known for its mouth guards, has been acquired by Bregal Partners, a middle-market New York-based private equity firm, for an undisclosed amount. Shock Doctor had been owned since 2008 by Norwest Equity Partners, an investment firm based in Minneapolis. Bregal's portfolio of investments focuses on consumer ...
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News briefs
Head has launched a new tender offer to buy back...
Head has launched a new tender offer to buy back its shares, but this time it's not conditional on the number of shares tendered, and the company is offering to pay only €1.60 a share instead of the previously offered price of €1.90. According to Head, shareholders who own more ...
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News briefs
Lions Capital has reportedly asked the Rothschild bank to investigate...
Lions Capital has reportedly asked the Rothschild bank to investigate strategic options for the big Belgian-based outdoor retailer, which also owns Bever Zwerfsport in the Netherlands and Cotswold Outdoor in the U.K. The options may include a public offering or a transfer of ownership (more in The Outdoor Industry Compass).
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Short stops
SRAM has opened a new Asia Development Center in Taichung,...
SRAM has opened a new Asia Development Center in Taichung, similar to the European Development & Training Center that it started up in Schweinfurt, Germany, last year
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Short stops
Under Armour has announced a two-for-one stock split, which will...
Under Armour has announced a two-for-one stock split, which will become effective on Apr. 14 for shareholder of record on March 28
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News briefs
Li & Fung plans to spin off its global brands...
Li & Fung plans to spin off its global brands and licensing business, with a separate stock exchange listing and a goal of doubling its profitability by the end of 2016. The unit generated an operating profit of $534 million on sales of $3.3 billion last year. The sourcing company's ...
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News briefs
IC Companys has signed an agreement to divest its Mid...
IC Companys has signed an agreement to divest its Mid Market division, leaving the Danish apparel group with only three brands: Peak Performance, Tiger of Sweden and By Marlene Birger. The group pointed out that these three brands, which were recently put in a new Premium segment of the company, ...
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News briefs
A total of 438 shares granted as share-based incentives were...
A total of 438 shares granted as share-based incentives were returned to Amer Sports on March 18, 2014 in accordance with the terms of the incentive plan as the beneficiaries' employment ended. Amer now holds a total of 572,699 treasury shares, corresponding to 0.48% of all the company's shares.
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News briefs
Prince Global Sports is relocating its world headquarters from New...
Prince Global Sports is relocating its world headquarters from New Jersey to the Buckhead area of Atlanta following its 2012 acquisition by Waitt Company, which has installed Mike Ballardie as its chief executive. Ballardie, who has moved there from the U.K., feels that Atlanta is a natural site for the ...
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News briefs
El Corte Inglés, the Spanish department store group that remains...
El Corte Inglés, the Spanish department store group that remains one of the major sporting goods retailers in its domestic market, is gearing up to launch a special web store in the U.K., Ireland and the Netherlands, proposing to become the biggest marketplace for Spanish brands in Europe. Desigual, which ...
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News briefs
The Merkur Shoe Group (MSG), a German cooperative of shoe...
The Merkur Shoe Group (MSG), a German cooperative of shoe retailers, is taking over 23 of the 50-odd stores of Fink Schue + Sport, the insolvent German retailer. Members of MSG will be running them as licensees of Fink. The receivers are looking for investors who would like to acquire ...
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News briefs
Head NV has extended one more time its conditional share...
Head NV has extended one more time its conditional share buyback offer until March 31, stating that this will be a final opportunity for shareholders to tender their shares. The Dutch holding company of the Head group needs acceptances for more than 2.7 million shares for the buyback to go ...
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News briefs
Nike has taken a minority stake in California-based Reflektion, an...
Nike has taken a minority stake in California-based Reflektion, an e-commerce start-up that uses analytics to predict shopping habits. Reflektion announced this week it has secured an $8 million series B round of venture capital for its technology that helps retailers personalize the online shopping experience for consumers. Intel Capital ...
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News briefs
Singapore is building up as an important development hub for...
Singapore is building up as an important development hub for sporting goods companies in Asia (see also the article on Oxylane in this issue). Mizuno Corporation has set up an office in Singapore to coordinate its activities in Southeast Asia, India and New Zealand. Kiyoshi Tatani has been appointed president ...
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News briefs
Pure Fishing, the global provider of fishing tackle brands such...
Pure Fishing, the global provider of fishing tackle brands such as Penn and Berkley, has acquired substantially all of the assets of Cutting Edge Lures, an Australian provider of tropical and freshwater fishing lures marketed under the Rob Gaden brand name. Based in the Australian town of Coffs Harbour, in ...
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News briefs
Dahon, the folding bike company based in California, is planning...
Dahon, the folding bike company based in California, is planning to go public on the Taiwan Stock Exchange. It has also formed a new subsidiary in Taiwan that wil handle R&D, purchasing and the distribution of its products in Taiwan. Founded by David Hon, a physicist who had been working ...
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News briefs
Hickies, the two-year-old American company that has launched an innovative...
Hickies, the two-year-old American company that has launched an innovative elastic lacing system for shoes, has raised $4.2 million in funding through the Collaborative Fund and the venture arm of an unnamed global footwear brand. Based in Brooklyn, New York, the company intends to use the proceeds for the development ...
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News briefs
To better define sales and marketing activities, Swix Sports has...
To better define sales and marketing activities, Swix Sports has reorganized its company into two separate internal organizations – Sport and Outdoor. Though retailers and consumers will not be able to tell any difference, all Swix and Toko activities now fall under the Sport organization, while the brands Lundhags and ...
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News briefs
Nautilus is said to searching for a “modest” new acquisition...
Nautilus is said to searching for a “modest” new acquisition while spending more time developing its international business by working more closely with distributors in key regions. The company saw its net income from continuing operations leap to $47.9 million last year from $16.9 million the year before as total ...
