All Corporations articles – Page 167
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VF Corporation has sold $900 million senior unsecured notes in...
VF Corporation has sold $900 million senior unsecured notes in two parts, according to IFR, a Thomson Reuters service. Bank of America Merrill Lynch and JP Morgan Chase were the active bookrunning managers for the sale. According to the report, the issue for $400 million in notes, due Aug. 23, ...
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PPR has raised its stake in Puma from 71.6 percent...
PPR has raised its stake in Puma from 71.6 percent to 75.1 percent. Out of the new equity, 1.15 percent of the stock will still be held by Puma.
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TaylorMade-Adidas Golf is looking to Asia to aid its plans...
TaylorMade-Adidas Golf is looking to Asia to aid its plans to expand its apparel and footwear business from the current level of $400 million to $700 million in four years. MSNBC.com has reported that John Kawaja, executive vice president for TaylorMade-Adidas Golf, said that Japan in particular would be a ...
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The Acushnet Company is officially out of the Fortune Brands...
The Acushnet Company is officially out of the Fortune Brands family. The golf company has announced that its sale to a consortium led by Fila Korea and Mirae Asset Private Equity was completed on July 29. Acushnet, which owns the Titleist and FootJoy brands, will remain a standalone company and ...
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Point6, an American manufacturer of merino wool socks, has announced...
Point6, an American manufacturer of merino wool socks, has announced that it is moving all production from China to the U.S. The company said the move will allow the company to have better control over product development and the quality of the product, while improving inventory management (more in The ...
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Skechers halved its inventory of toning shoes by selling 2...
Skechers halved its inventory of toning shoes by selling 2 million pairs of original Shape-up models at a $21 million loss. The shoes were predominantly sold to one big account. The company booked an additional charge of $4.4 million on the rest of the stock, comprising less than 2 million ...
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Effective Aug. 1, Findos Investor has acquired Maier Sports, the...
Effective Aug. 1, Findos Investor has acquired Maier Sports, the German brand of outdoor and snow wear, along with Gonso, the company’s bike wear brand. Maier Sports was owned by the Maier family, led by Gerhard Maier as managing partner, who will seek retirement probably at the beginning of next ...
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Rossignol's management indicates that it is still in preliminary discussions...
Rossignol's management indicates that it is still in preliminary discussions with European antitrust authorities about a project whereby Jarden Corporation and the Macquarie investment group, which currently owns the majority of Rossignol's shares, would share control of the company. While denying rumors of a veto, an executive of Rossignol said ...
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As part of its decision to focus on its fashion...
As part of its decision to focus on its fashion and living segments, Macintosh Retail Group is seeking a buyer for its Halfords business, which includes bicycles, car and bicycle accessories, and navigation equipment. In September, Macintosh will issue an information memorandum to interested parties, and then choose potential buyers ...
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The NBA has decided to shut down its offices in...
The NBA has decided to shut down its offices in Paris and Tokyo, leading to 114 layoffs and to annual savings of about $50 million. The NBA lost about $300 million in the past season, and it stands to make further losses due to a lockout that began after efforts ...
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Garmont denies rumors concerning a possible sale of the company,...
Garmont denies rumors concerning a possible sale of the company, although it has reportedly received at least one takeover offer. The rumors probably originated from the departure earlier this year of Gord Bailey, the company's longtime U.S. manager. Company officials say that Garmont plans to announce a new management structure ...
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SRAM is buying itself out of Triatlantic, the private equity...
SRAM is buying itself out of Triatlantic, the private equity firm that invested in the company in 2009, as a prelude to its own planned public offering, which should raise about $300 million in new equity. The big American supplier of bike components obtained new credit facilities totaling $790 million ...
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Exel Composites, which went out of the sporting goods business...
Exel Composites, which went out of the sporting goods business a few years ago, has signed a license agreement with E-Sports Group for the use of the Exel trademark in poles for skiing, Nordic Walking and Nordic Blading. E-Sports is a Finnish firm that already licenses the Exel brand name ...
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New Wave Group, the Swedish brands company that owns Craft,...
New Wave Group, the Swedish brands company that owns Craft, Cutter & Buck and several other operations, plans to buy Ahead, an American supplier of headwear and other products. Ahead, for which New Wave will pay $17.4 million, will fall under the auspices of a new subsidiary being set up ...
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Bic Sport has sold Takoon, one of the pioneering brands...
Bic Sport has sold Takoon, one of the pioneering brands of kitesurfing, to P&L Design, a company set up and equally owned by two industry veterans, Pierre Engel and Jacques Freydrich. Engel has worked for Tiga and Gaastra in the past. Freydrich has headed up some of Neil Pryde's operation ...
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Nike has expanded its footprint in Beaverton, Oregon, with a...
Nike has expanded its footprint in Beaverton, Oregon, with a new five-year lease on 26,000 square feet adjacent to its world headquarters. The new space will house administration and lab research, and will add more than 100 employees to the total of 300 who already work at the headquarters.
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Short stops
Correction: Moon Boots are part of Tecnica, not Dolomite, another...
Correction: Moon Boots are part of Tecnica, not Dolomite, another brand of Tecnica Group
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Skullcandy, the American supplier of trendy headphones and T-shirts that...
Skullcandy, the American supplier of trendy headphones and T-shirts that are also sold in sporting goods stores, had a successful lunch of its initial public offering. The initial $20 price of its shares on the Nasdaq stock exchange valued the company at $535.6 million after reporting a 66.3 percent sales ...
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Swix Sports USA, the winter sports accessory provider, has moved...
Swix Sports USA, the winter sports accessory provider, has moved its headquarters from Wilmington, Massachusetts, to Haverhill in the same state. The updated warehouse facility is double the size of the old one and includes a fitness facility for employees. The company invested almost $500,000 in the new office complex.
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Short stops
TJ Hughes, the British chain of 57 convenience stores sold...
TJ Hughes, the British chain of 57 convenience stores sold by JJB Sports to a private equity fund a few years ago, has gone into administration, a form of bankruptcy, due to financial problems that have led to the withdrawal of credit insurance
