All Corporations articles – Page 159
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News briefs
Wolverine Worldwide has set up joint ventures in India and...
Wolverine Worldwide has set up joint ventures in India and Colombia, as part of its strategy to directly operate in more international markets. The Indian partnership was formed with Tata International, to market footwear and apparel. The equal joint venture will start with the wholesale distribution of the Merrell and ...
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As Head N.V. reclaims its European sportswear business from a...
As Head N.V. reclaims its European sportswear business from a licensee this year, it is setting up these operations in London. It will be the main hub of the European Sportswear Division, and the company will hire staff for product management and communications and PR management to work from the ...
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Burton Snowboards has sold DNA Distribution, a company that supplies...
Burton Snowboards has sold DNA Distribution, a company that supplies skateboards and accessories under the Alien Workshop, Habitat and Reflex brand names, to Rob Dyrdek, an American television star and entrepreneur. Now a wealthy individual, he has been skateboarding for 20 years and had been originally sponsored by that company. ...
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Billabong has completed the sale of a partial stake in...
Billabong has completed the sale of a partial stake in Nixon, its watches and accessories brand, to Trilantic Capital Partners. The two companies will now operate a joint venture in which each has a 48.5 percent share in Nixon, with the remaining 3 percent in the hands of Nixon management. ...
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Rossignol has put an end to its apparel licensing agreement...
Rossignol has put an end to its apparel licensing agreement with Sports et Styles, which is related to Look Cycle, the French bicycle company. The license was attributed in 2009, to ensure the continuity of Rossignol's apparel business while the company's new owners, led by Bruno Cercley, focused on its ...
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Kesko has acquired full ownership of the Intersport chain in...
Kesko has acquired full ownership of the Intersport chain in Russia by taking over the 20 percent stake that was still in the hands of its former owner, Melovest. The Russian operation has 35 sporting goods stores, mainly in the St. Petersburg and Moscow regions. Kesko, which holds the ...
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Now that it has set its house in order on...
Now that it has set its house in order on the hardware front, the Rossignol Group is negotiating to buy back its apparel business from Look. The business is already largely integrated into the group in terms of brand strategy and management, operating out of Rossignol's headquarters. In the financial ...
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Snapdeal.com, which claims to be the largest e-commerce shopping portal...
Snapdeal.com, which claims to be the largest e-commerce shopping portal in India, has acquired eSportsbuy.com, an online sports store launched in the country last year. Snapdeal, which started in February 2010, claims to have 15 million members.
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Confirming a report in SAZ, a spokesperson for Bawag says...
Confirming a report in SAZ, a spokesperson for Bawag says the Austrian bank sold its last remaining stake in Atomic to Amer Sports last January, but declined to specify the terms of the transaction. Amer first took over a 90 percent stake in Atomic in 1994 from the bank, and ...
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April 30 is the deadline set for Collective Brands to...
April 30 is the deadline set for Collective Brands to receive offers for the takeover of its whole business or for parts of it, including the Payless ShoeSource chain of shoe stores and its footwear brands, including Airwalk, Saucony, Sperry Top-sider, Keds, Pro-Keds and Stride Rite. According to Bloomberg, Collective's ...
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Short stops
Exceed Company, the Chinese firm that owns the Xidelong brand...
Exceed Company, the Chinese firm that owns the Xidelong brand of sports clothing and footwear, has delayed its financial report for 2011 and its fourth quarter, which was scheduled to come out on April 2, until the end of this month
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Shimano Europe Holding has bought BikeFitting.com, a company that translates...
Shimano Europe Holding has bought BikeFitting.com, a company that translates insights obtained from biomechanics into practical measuring instruments that can be used to optimize cycling efficiency and comfort. Shimano said that by gaining Bike Fitting's knowledge, it can develop its products to be even more customized for the needs of ...
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A large South Korean conglomerate, E-Land, is preparing a bid...
A large South Korean conglomerate, E-Land, is preparing a bid to acquire Collective Brands for $1.8 billion, together with institutional investors, according to the Bloomberg news agency. Collective is the parent company of Saucony and several other, more casual footwear brands such as Sperry Top-Sider, Keds and Stride-Rite. It also ...
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Internetstores, one of the leading German online bicycles and outdoor...
Internetstores, one of the leading German online bicycles and outdoor retailers, has received an investment of €30 million from EQT Expansion Capital II. The private equity fund will become a substantial minority shareholder in Internetstores, while the majority will remain in the hands of its founder, René Köhler. The investment ...
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Golden Equity Investments, a private equity firm based in Colorado,...
Golden Equity Investments, a private equity firm based in Colorado, is the new owner of Outlast Technologies, the maker of temperature-regulating technologies for apparel and footwear. Outlast said the acquisition will help improve its supply chain. There will be no changes in staffing, management or operations. The only change is ...
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Short stops
Eurosima, the European surf industry association, is moving its head...
Eurosima, the European surf industry association, is moving its head office from Capbreton to Hossegor, where it will share the premises with those of the French Surfing Federation
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News briefs
The creditors of Asolo have approved a settlement of the...
The creditors of Asolo have approved a settlement of the company's debts, proposed by the court of Treviso, allowing the highly secretive Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement, which was approved on March 15, calls for the repayment ...
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Apart from its investment in JJB Sports, discussed on the...
Apart from its investment in JJB Sports, discussed on the front page of this issue, Dick's Sporting Goods has completed the purchase of the trademark rights for Top-Flite, the brand of golf balls owned by Callaway Golf, for $20 million. Callaway said that is was eager to focus on the ...
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Volcom is slimming down, following its acquisition by PPR last...
Volcom is slimming down, following its acquisition by PPR last year. A spokesperson has reported the elimination of 30 jobs, without any further details, because of “continued challenges in the U.S. retail environment and the current economic situation in Europe.” Prior to the change in ownership, the company employed about ...
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Altor, the Nordic investment fund that acquired Helly Hansen in...
Altor, the Nordic investment fund that acquired Helly Hansen in 2006 for about $140 million, is expected to start accepting offers for the Norwegian company's takeover in the next few days, according to Reuters. As already reported, Columbia Sportswear, Jarden Corporation, PPR and VF Corporation are thought to be interested, ...
