All Corporations articles – Page 97
-
News briefs
Joma, the Spanish manufacturer of sportswear, has opened an employee...
Joma, the Spanish manufacturer of sportswear, has opened an employee gymnasium at its corporate headquarters in Portillo de Toledo, Spain. Running was a major theme at the inauguration, as Joma announced that it would be converting the number of kilometers run by employees into donations in euros to the Fundación ...
-
News briefs
VF Corp. denies speculation that tax reasons may have led...
VF Corp. denies speculation that tax reasons may have led it to relocate some customer service functions from Stabio in Switzerland to Nottingham in the U.K. last year. Citing business optimization reasons, VF points out that it also decided last year to move Timberland's apparel design center from London to ...
-
News briefs
VF Corp. has completed the sale of Reef to the...
VF Corp. has completed the sale of Reef to the Rockport Group, which was recently taken over by Charlesbank Capital Partners. The disposal of the action sports brand will reduce VF's annual revenues by about $150 million. According to ShopEatSurf, Roger Spatz will stop running Reef after a short transition, ...
-
Short stops
The German Cartel Office is expected to rule on the...
The German Cartel Office is expected to rule on the proposed merger of the Karstadt and Kaufhof department store operations by Nov. 9
-
News briefs
Le Col, a premium cycling clothing brand, has secured a...
Le Col, a premium cycling clothing brand, has secured a £2.35 million (€2.7m-$3.0m) investment from Puma Private Equity, which is meant to help Le Col undertake international expansion. Puma Private Equity, based in the U.K. and part of Puma Investments, funds small and medium sized enterprises (SMEs) across a variety of ...
-
News briefs
Joy Sportswear, the German apparel brand that markets the Joy...
Joy Sportswear, the German apparel brand that markets the Joy and Tao brands, has been wholly acquired by Melchers, a German-based trading company. The Federal Cartel Authority still has to approve the takeover. Joy Sportswear currently employs 50 people, who will be kept on staff by the new owner. Though ...
-
News briefs
Decathlon entered yet another new country, Cambodia, with a store...
Decathlon entered yet another new country, Cambodia, with a store in Phnom Penh this past August. It plans to move for the first time into Egypt next January and Chile in April with stores in Cairo and Santiago. The Cairo store will be supplied from Morocco and the Santiago unit ...
-
Short stops
Hyosung, the Korean fiber group, has announced plans to build...
Hyosung, the Korean fiber group, has announced plans to build “smart factories” at five Spandex plants that it operates in China and Vietnam
-
News briefs
Cherokee, the American licensing firm whose brands include the eponymous...
Cherokee, the American licensing firm whose brands include the eponymous Cherokee, Tony Hawk and Hi-Tec, has filed a registration statement to offer unspecified units of stock, warrants, debt securities and preferred stock and to sell some 2.8 million shares valued at $1.7 million. Short of cash, the firm hopes to ...
-
News briefs
Adidas has opened a new event center and staff restaurant...
Adidas has opened a new event center and staff restaurant at its headquarters in Herzogenaurach. The new building, encompassing 14,000 square meters, is called Halftime. By April 2019, Adidas will also open a new building with workplaces for 2,000 employees, a new car park, meeting spaces and areas for sports ...
-
News briefs
Swix Sport's warehouse just north of the Norwegian town of...
Swix Sport's warehouse just north of the Norwegian town of Lillehammer is only two years old, but it is being expanded by an additional 5,100 square meters. Construction is scheduled for completion by the summer 2019. The new warehouse will be fully automated as the result of an investment of ...
-
News briefs
Hestra has opened a new factory in Hai Phong, Vietnam....
Hestra has opened a new factory in Hai Phong, Vietnam. The factory will complement the manufacturing units already operated by the Swedish sports glove manufacturer in Hungary and China. The new Vietnamese factory is meant to respond to a high volume of orders. The company has invested 32 million Swedish ...
-
News briefs
Newell Brands is expected to complete the sale of Pure...
Newell Brands is expected to complete the sale of Pure Fishing within a month, said Angling International a few days ago, without mentioning the final candidate to the acquisition. Meanwhile, Newell announced its intention to retire about $1 billion in debt by using the proceeds of its most recent divestitures, ...
-
News briefs
Rome Snowboards, an iconic brand based in Vermont, has been...
Rome Snowboards, an iconic brand based in Vermont, has been acquired by in Low Pressure Studio (LPS), a Dutch-based company that owns three other brands of snowboards: Batalcon, Lobster, Switchback. The deal follows the recent acquisition by Nidecker of a majority stake in LPS. The Swiss group led by the ...
-
News briefs
VF Corp. has announced that it has chosen Denver for...
VF Corp. has announced that it has chosen Denver for its new global headquarters. Building renovations are scheduled to start early next year with a completion date in early 2020. The new 285,000-square-foot headquarters will be located in the Lower Downtown, or LoDo, district, Denver's oldest neighborhood and the home ...
-
News briefs
As we had expected, Decathlon has announced the construction of...
As we had expected, Decathlon has announced the construction of a third logistic center in Germany, where the retailer is expanding strongly (see our previous issue). It will be located in the VGB Park of Berlin to service its stores in the northern and eastern parts of ...
-
News briefs
Canada Goose has announced that it will open a new...
Canada Goose has announced that it will open a new factory in Winnipeg, its third manufacturing facility in the capital of the Canadian province of Manitoba and the seventh wholly-owned factory for the company, adding to three in Toronto and one in Boisbriand, Quebec. It will be the brand's largest ...
-
News briefs
Started in Detroit just two years ago as a marketplace...
Started in Detroit just two years ago as a marketplace for second-hand sneakers, Stockx has secured $44 million from GV and Battery Ventures, with the stated purpose of expanding its business in international markets. Tech Crunch reports that the company has grown to more than $2 million in daily transactions ...
-
News briefs
L-Gam Advisors, a company based in Luxembourg, has struck an...
L-Gam Advisors, a company based in Luxembourg, has struck an agreement to buy a majority stake in Woolrich International. The sellers are the Rich family, which owned the Woolrich brand, and WP Lavori in Corso, the brand's long-time licensee and distributor based in Italy that became the majority shareholder in ...
-
News briefs
VF Corporation is making a further adjustment to its brand...
VF Corporation is making a further adjustment to its brand portfolio with a definitive agreement to sell its Reef brand of beach lifestyle products to the Rockport Group, which also holds the Aravon and Dunham brands Rockport, which is now run by Gregg Ribatt, was recently taken over by ...
