All Corporations articles – Page 154
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Sportamore, a Swedish online retailer specializing in sports products, has...
Sportamore, a Swedish online retailer specializing in sports products, has been investing in its infrastructure to cope with its expansion plans. Launched at the start of 2010, Sportamore reported sales of nearly 100 million Swedish crowns (€11.6m-$15.1m) the next year. The company has just upgraded its warehouse facility by moving ...
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The Lafuma Group has revealed that it is in exclusive...
The Lafuma Group has revealed that it is in exclusive negotiations with Marwyn Management Partners, an investment firm which controls a wide range of companies in the leisure, technology and transportation sectors, to hand over Le Chameau, the French group's division that markets shoes and apparel for hunters. With its ...
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The takeover process for the bankrupt MBT by one of...
The takeover process for the bankrupt MBT by one of its Asian distributors, Andy Chaw, has been stopped. The Swiss court in Winterthur, which is handling the case, has reportedly accepted a request by Karl Müller, founder of the company, to review his objections to the sale of the ...
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The Swedish golf distributor Pro Backup has merged with the...
The Swedish golf distributor Pro Backup has merged with the Danish golf distributor Lars Kjær & Co. The new company, called Sports Backup, will be one of the largest golf distributors in Scandinavia. For the 2013 golf season, Sports Backup will be responsible for the sale of products from Bridgestone ...
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Kästle has moved its head office from Wels to another...
Kästle has moved its head office from Wels to another location north of Salzburg, closer to its Austrian clients. It has taken up a space of 400 square meters in a former glass factory where other important brands such as Quiksilver, Diesel and Ugg have their offices and showrooms.
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Italy's Tecnica Group had already announced a big cut in...
Italy's Tecnica Group had already announced a big cut in its staff, eliminating 118 of the 353 jobs at the company's headquarters at Giavera del Montello, but in the end, technically, it will not lay off any of them. Following four months of negotiations with the unions, 72 employees will ...
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News briefs
Coreupt, a French company specializing in freeride skis and accessories, is...
Coreupt, a French company specializing in freeride skis and accessories, is to be liquidated. Established in 2008 by Guerlain Chicherit, a French freeride champion, the brand expanded fast to reach annual sales of about €1.3 million with twelve employees. Unable to finance its growing business, Coreupt went into receivership in May ...
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Grandvalira is to invest €6 million in infrastructures, ski slopes...
Grandvalira is to invest €6 million in infrastructures, ski slopes and innovation. The skiing resort, located in the Principality of Andorra, is the largest skiable area in southern Europe, with 205 km of slopes. The investments aim at increasing, in particular, the number of international visitors, mainly from Russia, the ...
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Holmenkol, the German manufacturer of ski wax and other product...
Holmenkol, the German manufacturer of ski wax and other product care items for sporting goods, has been acquired by the Eimermacher Group, which markets a wide range of products from cosmetics to medication for animals. After the last bad winter, Holmenkol had gone into receivership on July 22. Eimermacher, which ...
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Genesco is said to be one of the companies that...
Genesco is said to be one of the companies that are interested in taking over Cole Haan from Nike. Other potential bidders are Texas Pacific Group, the equity investment firm that previously controlled Bally, and another institutional investor, Apax Partners, which wants to sell its stake in France's Groupe Royer. ...
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Pyua, a German brand of sportswear made of recycled and...
Pyua, a German brand of sportswear made of recycled and recyclable fabrics, has changed ownership. Its founder, Timo Perschke, who created the brand in 2008, has sold the brand name and the assets to Christian Benzing, an entrepreneur from Stuttgart, and his newly created company, Sportsman's Delight. Perschke will remain ...
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Conte of Florence has signed an agreement to lease out...
Conte of Florence has signed an agreement to lease out 42 of its stores. The Italian brand, which celebrates its 60th anniversary this year, is undergoing a restructuring plan due to the difficult economic situation. After reducing its share capital by 50 percent last June, it is now closing 14 ...
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Black Diamond Inc. has agreed to buy Pieps, an Austrian...
Black Diamond Inc. has agreed to buy Pieps, an Austrian brand of alpine safety equipment, at a price of €8.0 million in cash. The deal also calls for the American company to assume debts worth €2.1 million, and to make extra payments of up to €2.3 million if Pieps reaches ...
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Mectex has become part of Adler Group, the Italian-based multinational...
Mectex has become part of Adler Group, the Italian-based multinational run by Paolo Scudieri with 59 factories in 18 countries. Mectex, an Italian company that manufactures gripper-loom-woven, waterproof and breathable plasma-treated fabrics, widely used in sports, will continue to be located in Erba, near Como, Italy.
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Richemont has acquired Peter Millar from majority stakeholder Winona Capital...
Richemont has acquired Peter Millar from majority stakeholder Winona Capital Management, the U.S. private equity group that acquired a controlling stake in the company in April 2009. Richemont, headquartered in Geneva, already holds a collection of luxury brands including Alfred Dunhill, Cartier, Van Cleef & Arpels, Mont Blanc and others. ...
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The board of Nike has approved a new four-year, $8...
The board of Nike has approved a new four-year, $8 billion program to repurchase shares of the company's Class B common stock. This new program will start sometime during the second quarter the 2013 fiscal year, once the current $5 billion share repurchase program is completed. The stock buybacks will ...
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Jarden Corporation took in about $487 million after fees and...
Jarden Corporation took in about $487 million after fees and expenses from its recent sale of new senior subordinated convertible notes, which are due in 2018. The initial issuance was for $450 million, but institutional investors fully exercised the option to buy another $50 million in convertible notes from Jarden. ...
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Wolverine Worldwide plans to offer $375 million worth of senior...
Wolverine Worldwide plans to offer $375 million worth of senior notes to be due in 2020. The proceeds from the offering will go toward the company's acquisition of the Performance + Lifestyle Group of Collective Brands; repaying and ending its existing revolving credit facility; repaying some of Collective's debts; and ...
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Dakine is getting new digs. The company will remain...
Dakine is getting new digs. The company will remain in Hood River, Oregon, but will move from downtown to a new building at the Waterfront Business Park. The 45,000-square-foot building is still under construction; Dakine will take up more than half of it when it moves in, expected next ...
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Sanita Footwear is changing ownership and selling off its so-called...
Sanita Footwear is changing ownership and selling off its so-called trading division to concentrate on its Sanita brand of clogs and comfort shoes, which is performing particularly well in the U.S. The trading division of the Danish company comprises five company-owned footwear brands – Bundgaard, Trigger, Jaco, Sanilet and Ambre ...
