All Corporations articles – Page 162
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News briefs
OnTheSnow, the U.S. online and mobile platform owned by Mountain...
OnTheSnow, the U.S. online and mobile platform owned by Mountain News Corp., has acquired Skiinfo, a European website created in Oslo in 1996. With an audience of 11 million unique visitors in 2011, Skiinfo has become the biggest provider of information on snow conditions in Europe. It has offices in ...
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Skechers and Wolverine World Wide are reported to be interested...
Skechers and Wolverine World Wide are reported to be interested in the possible acquisition of some of the assets of Collective Brands, such as Saucony, Stride Rite and Sperry Top-Sider. They are the best performing brands of the group, whose results have been dragged down by Payless ShoeSource, a big ...
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Li Ning is planning to issue a series of convertible...
Li Ning is planning to issue a series of convertible bonds worth a total of 750 million renminbi (€87.5m-$115m) to a private equity firm, TPG & GIC Investor. The bonds will carry annual interest of 4 percent and an initial price of Hk7.74. They are set to be redeemed five ...
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A top executive of Helly Hansen firmly denied British newspaper...
A top executive of Helly Hansen firmly denied British newspaper reports that it was in final talks for the sale of the company. Since the Norwegian ski, sailing and outdoor brand's performance started improving sharply, Helly Hansen's owner, the Altor private equity fund, has been holding discussions with several interested ...
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Pryde Group, the majority shareholder of the NeilPryde, JP Australia...
Pryde Group, the majority shareholder of the NeilPryde, JP Australia and Cabrinha water sports equipment brands, is moving further into the stand-up paddle (SUP) market with the acquisition of Imagine Surf, which is well-established in this hip category. Imagine Surf was set up in Canada in 2002 but two years ...
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News briefs
The discussions about KKR's possible purchase of Pacific Brands, the...
The discussions about KKR's possible purchase of Pacific Brands, the struggling Australian clothing manufacturer, have reportedly stalled. The talks were in just the preliminary stages, and some speculate that KKR, a private equity firm, is waiting for Pacific's first-half financial results to be released on Feb. 24.
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News briefs
Metro Group has put an end to negotiations with potential...
Metro Group has put an end to negotiations with potential buyers of its department store chain Galeria Kaufhof along with its Sportarena chain. Olaf Koch, the group's chief executive, explained that the situation on the financial markets does not create the appropriate environment for such a transaction. The preliminary figures ...
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Head is relocating its U.S. office from Norwalk, Connecticut to...
Head is relocating its U.S. office from Norwalk, Connecticut to Boulder, Colorado to be closer to snow sports retailers and to increase its focus on U.S.-based design, product development and pricing for its winter line. It will be assisted in this process by sponsored athletes such as Simon Dumont, Bode ...
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News briefs
Intersport Sweden, the leading buying group for sports retailers in...
Intersport Sweden, the leading buying group for sports retailers in the country, has put off far-reaching plans to take over all of its members, according to Sportfack. Intersport Sweden intended to acquire a 91 percent stake in each of the nearly 90 retail companies running 153 Intersport stores in the ...
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News briefs
Brown Shoe Company has closed the Chinese factory that was...
Brown Shoe Company has closed the Chinese factory that was part of its acquisition of American Sporting Goods, parent company of Proged and other brands. The plant employed more than 5,000 people some time before ASG's purchase. Recent restructuring measures such as the sale of And 1 and the licensing ...
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News briefs
Giant Bicycles plans to invest more in manufacturing rims for...
Giant Bicycles plans to invest more in manufacturing rims for bicycles, e-bikes and motorcycles this year. Through its subsidiary Giant Light Metal Technology, the company started shipping motorcycle rims in the second half of last year and expects orders to grow in 2012. It is putting €5.2-7.8 million into the ...
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News briefs
Power Balance Performance Technology, the supplier of the famous wristbands...
Power Balance Performance Technology, the supplier of the famous wristbands popularized by professional athletes, will be allowed to exit bankruptcy protection with through a new company set up by its new owner, Power Balance Technologies. Denny Barge is the chairman of the new company. The new owner was an early ...
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News briefs
At the upcoming Ispo show, Gaspo, the Austrian manufacturer of...
At the upcoming Ispo show, Gaspo, the Austrian manufacturer of skis and snowboards, will present itself under a new name: GPO Sports. The change of name comes along with a new business structure: Since the beginning of the year, GPO Sports is an independent business unit of Gaspo, a family-owned ...
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News briefs
Nike is set to group all its employees at various...
Nike is set to group all its employees at various offices in Shanghai into a large new 54,600-square-meter campus that will become its head office for Greater China in 2014. Located in the Yangpu District between the city's two major airports, it will consist of up to three office buildings ...
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News briefs
Pacific Brands is holding talks with KKR after this buyout...
Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in ...
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News briefs
Macintosh Retail Group has decided to postpone the sales of...
Macintosh Retail Group has decided to postpone the sales of its Halfords bicycle business, indicating that the present economic situation is making it difficult for potential buyers to arrange the financing. Macintosh announced its decision to divest Halfords last July, after selling other non-core activities. As the proceeds from Halfords' ...
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News briefs
Rapala VMC Corporation has sold Willtech Gift (HK), a unit...
Rapala VMC Corporation has sold Willtech Gift (HK), a unit involved in the manufacturing of gift items in China, to Pylones, a French-based developer and retailer of premium gift items with a global reach. Back in 2001, Rapala acquired the totality of Willtech's business, which consisted of manufacturing gifts as ...
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News briefs
As part of the growing concentration of sports and outdoor...
As part of the growing concentration of sports and outdoor retailing across Scandinavia, Friluftsland, a major Danish retailer and wholesaler of outdoor products, has taken over Playground in Sweden. Frilufstland had seven outdoor stores in Denmark and two in Sweden, but it closed one of the latter recently. Playground achieved ...
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Columbia Sportswear has bought a building in London, Ontario, that...
Columbia Sportswear has bought a building in London, Ontario, that it plans to use as its new Canadian headquarters. About 120 jobs will move to the new building, which cost Columbia about $26 million. It will consolidate two former locations nearby in Strathroy, comprising administration, sales and a distribution center, ...
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News briefs
Adams Golf, the American golf equipment company, said it had...
Adams Golf, the American golf equipment company, said it had retained Morgan Stanley to explore strategic alternatives for the group. Unanimously approved by Adams Golf's board of directors, this evaluation might lead to a sale, but the company emphasized that no decision had yet been made, and that it had ...
