All Corporations articles – Page 91
-
Short stops
Rapala VMC is considering the issuance of a non-convertible hybrid...
Rapala VMC is considering the issuance of a non-convertible hybrid bond, subordinated to its other debt obligations, which would be treated as equity without diluting the interests of its current shareholders
-
News briefs
Shimano Nordic just opened a new office complex in Uppsala,...
Shimano Nordic just opened a new office complex in Uppsala, Sweden. The grand opening event gave visitors a look at the new facility as well as information about the company's product portfolio, which also includes the brands Lazer, Pearl Izumi, Vittoria, Kryptonite and Elite.
-
News briefs
Puma is folding three companies that it owns into a...
Puma is folding three companies that it owns into a single new entity, called Stichd. Prime among these is Dobotex, which Puma acquired in 2012 and which designs and manufactures bodywear, legwear, swimwear and fanwear for multiple international brands. The company makes Puma socks, while working for other brands. Since ...
-
News briefs
Mips, the Swedish company behind the Mips BPS (Brain Protection...
Mips, the Swedish company behind the Mips BPS (Brain Protection System) supplied to helmet brands, has acquired GlideWear from Tamarack Habilitation Technologies of Blaine, Minnesota. The deal, worth about $1 million, covers the brand name and its associated patents. Tamarack is to retain an eight-year, royalty-free license to use GlideWear ...
-
News briefs
New Balance plans to inaugurate a new factory in Methuen,...
New Balance plans to inaugurate a new factory in Methuen, Massachusetts, in 2020. The 80,000-square-foot facility, whose building was purchased in April, will be the American multinational's sixth in New England and its first to open in two decades. It is costing about $33 million. The Boston Globe reports that ...
-
News briefs
Anta Sports Products, the new owner of Amer Sports, has...
Anta Sports Products, the new owner of Amer Sports, has denied once again allegations of falsifying its accounts. The latest claim came from a U.S.-based short seller, Muddy Waters, which said that the Chinese company had fraudulently boosted its reported profit margins through the control it has on its distributors. ...
-
News briefs
Amer Sports has completed the divestment of Mavic, which is...
Amer Sports has completed the divestment of Mavic, which is now the property of a private equity firm, Regent. The sale will have no impact of Amer's results. The group's cycling business was already listed as discontinued in its financial results for 2018.
-
News briefs
Acting through an investment subsidiary called Asics Ventures, Asics Corp....
Acting through an investment subsidiary called Asics Ventures, Asics Corp. has acquired a stake in Curv Labs, a Canadian start-up whose software uses artificial intelligence vision technology to turn the cameras of mobile devices into motion capture tools. This technology allows smartphones and other devices to measure and analyze user ...
-
News briefs
KjK Sports, the investment fund that recently acquired Elan, has...
KjK Sports, the investment fund that recently acquired Elan, has signed a definitive agreement to take over Baltic Bicycle Trade, a maker of e-bikes based in Lithuania. The deal should be completed in the third quarter. The fund previously bought a 50 percent stake in an Estonian water sports company, ...
-
News briefs
Active Brands has acquired the rights to Greater Than A,...
Active Brands has acquired the rights to Greater Than A, the brand of underwear and leisure clothing launched in the spring of 2018 by a Norwegian alpine ski star, Aksel Lund Svindal. The agreement takes effect on November 1, 2019. Active Brands plans to expand the range and to distribute ...
-
News briefs
Rapala VMC Corp. has agreed to acquire a 49 percent...
Rapala VMC Corp. has agreed to acquire a 49 percent interest in DQC International Corp., known also as 13 Fishing, in exchange for at least $3.1 million in cash and 225,000 treasury shares in Rapala. The cash payment can be raised to a maximum of $5 million based on an ...
-
Article
StockX achieves a valuation of $1 billion
The sneaker resale market is hot. StockX, the self-described “stock market of things,” has secured a new round of funding and named a new chief executive. The investment firms of DST Global, General Atlantic and GGV Capital – along with investors from the previous round, such as GV and Battery ...
-
News briefs
The Wanda Sports Group has filed for an initial public...
The Wanda Sports Group has filed for an initial public offering in the U.S. The preliminary value set in the filing with the Securities and Exchange Commission is $500 million. The Chinese company's considerable brand portfolio in sports includes Ironman, the Rock 'n' Roll Marathon series and the Cape Epic ...
-
News briefs
Henri Lloyd, the British clothing brand for yachtsmen and sailors,...
Henri Lloyd, the British clothing brand for yachtsmen and sailors, is introducing a new logo to symbolize a return to the brand's heritage while also suggesting a fresh start, for a new phase in the brand's history. Henri Lloyd has had a new owner since June 2018, when the former ...
-
News briefs
The battle for control of Netshoes, the Brazilian e-tailer specializing...
The battle for control of Netshoes, the Brazilian e-tailer specializing in athletic footwear, has ended. Its shareholders approved on Friday Magazine Luiza's latest improved offer of $3.70 a share, valuing the company at $115 million. The Brazilian omni-channel retailer had initially made a bid for Netshoes at $2.00 per share, ...
-
News briefs
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it...
XXL ASA, the highly leveraged Norwegian-based sports retailer, says it has agreed on a new covenant with its bank consortium for its third-quarter results. Last February, it had renegotiated covenants for the first and second quarters of this year. The covenant for the third quarter sets a debt/Ebitda target of ...
-
News briefs
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker...
Superfeet of Ferndale, Washington, has acquired RSscan International, a maker of systems to scan and analyze feet, notably for athletes. The deal's terms remain undisclosed, but it will enable the American insole and footwear brand to expand its research and manufacturing infrastructure. The combined company will have at least seven ...
-
News briefs
Aquafil has acquired full control over O'Mara, a manufacturer of...
Aquafil has acquired full control over O'Mara, a manufacturer of nylon, polypropylene and polyester fibers, based in Rutherford College, North Carolina, for $40.5 million. The Italian yarn company completed the acquisition through its U.S. subsidiary, Aquafil USA. O'Mara, founded in 1970, reported a turnover of $40.1 million in 2018.
-
Short stops
Puma is reportedly planning to invest $40 million in a...
Puma is reportedly planning to invest $40 million in a new distribution center in Whitestown, Indiana
-
News briefs
Puma completed its planned stock split on June 10, giving...
Puma completed its planned stock split on June 10, giving shareholders nine new shares for each one in their possession. The idea is to make the stock more attractive. It closed today at €54.90 a share compared with about €540 before.
