All Corporations articles – Page 99

  • Short stops

    Karen Reuther, who worked as global vice president of creative...

    2018-07-25T00:00:00Z

    Karen Reuther, who worked as global vice president of creative at VF Corporation for 18 months up to last October, has been assigned to the position of global creative director at Reebok, replacing Thomas Steinbrück, who has left the company after less than 18 months

  • Short stops

    Moody's has raised the corporate rating of Wolverine Worldwide from...

    2018-07-25T00:00:00Z

    Moody's has raised the corporate rating of Wolverine Worldwide from Ba2 to Ba1

  • Short stops

    Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou,...

    2018-07-25T00:00:00Z

    Pegasus, a Chinese shoe manufacturer with a factory in Guangzhou, says it is looking for new customers as it will no longer do business as of September with a client that accounted for 87% of its business in the past year

  • News briefs

    Boa Technology has opened a new global headquarter in the...

    2018-07-25T00:00:00Z

    Boa Technology has opened a new global headquarter in the Zeppelin Development Flight building in Denver. The space of 85,000 square feet is more than three times bigger than its previous location, and it doubles the capacity of its R&D operations. Founded in 2001, the specialist in technical shoe lacing ...

  • News briefs

    Clarus Corporation, the parent company of Black Diamond, has raised...

    2018-07-25T00:00:00Z

    Clarus Corporation, the parent company of Black Diamond, has raised $3,337,896 through a Dutch auction to retire about 1.4 percent of its outstanding shares. The company had offered to pay between $7.20 and $8.00 per share for up to $7.5 million worth of its equity, but then accepted only the ...

  • Short stops

    Boardriders will move Quiksilver's Australian head office from Torquay in...

    2018-07-25T00:00:00Z

    Boardriders will move Quiksilver's Australian head office from Torquay in the state of Victoria, to Queensland, but it will keep some operations in the town where the brand was founded in the early ‘70s

  • News briefs

    The ANWR Group is starting a pilot crowdfunding project for...

    2018-07-25T00:00:00Z

    The ANWR Group is starting a pilot crowdfunding project for CN Mailorder, a web store affiliated with Sport 2000 Germany. It asks for contributions of between €250 and €10,000 by individual investors to collect a total of €500,000. In exchange, the investors will get annual interest payments of 4.6 percent ...

  • News briefs

    Nike is raising the salaries of about 7,500 of its...

    2018-07-25T00:00:00Z

    Nike is raising the salaries of about 7,500 of its 74,000 employees on all levels around the world, starting in August, as reported by The Wall Street Journal. The wage review is intended to solve issues about equal pay and corporate culture. It comes after an analysis of all the ...

  • News briefs

    Giant Bicycle has announced an investment of €48 million in...

    2018-07-25T00:00:00Z

    Giant Bicycle has announced an investment of €48 million in a new factory in Gyöngyös, Hungary. In a first phase, the factory will start producing 300,000 bikes a year in the second half of 2019, focusing on e-bikes, following the new tariff barriers implemented by the European Union for this ...

  • News briefs

    Accell Group has increased its stake in Velosophy from 35...

    2018-07-25T00:00:00Z

    Accell Group has increased its stake in Velosophy from 35 percent to 100 percent. Velosophy, the owner of Babboe, is a specialist in e-cargo bike solutions for consumers and the business market. The acquisition is meant to increase Accell's involvement with the development of urban mobility solutions, an evolution that ...

  • News briefs

    Bench, the streetwear label founded in Manchester in 1989, has...

    2018-07-25T00:00:00Z

    Bench, the streetwear label founded in Manchester in 1989, has been sold to an investment company based in Boston, Gordon Brothers. It had recently started insolvency proceedings in the U.K. The new owners want the brand to phase out its German sales subsidiary and to close all its 14 stores ...

  • News briefs

    Puma France is preparing to invest several million euros to...

    2018-07-03T00:00:00Z

    Puma France is preparing to invest several million euros to build an enlarged head office in Wacken, just across from the European Parliament in Strasbourg – and a short stroll away from the offices inaugurated by Adidas France a few weeks ago. Established in Illkirch-Graffenstaden, near Strasbourg, Puma France intends ...

  • News briefs

    The Thule Group has entered into a new, more flexible...

    2018-07-03T00:00:00Z

    The Thule Group has entered into a new, more flexible and more cost-efficient financing agreement that replaces the one it had contracted in connection with its public offering in November 2014. The new revolving credit facility of €300 million has a maturity of five years with an option for a ...

  • News briefs

    The German landscape of trade publications is getting more concentrated...

    2018-07-03T00:00:00Z

    The German landscape of trade publications is getting more concentrated with the acquisition of a national trade magazine, Sport + Mode, by Neue Mediengesellschaft from Verlag Chmielorz. Based in Ulm, Neue Medien had already acquired the leading German trade publication in our sector, SAZ Sport, at the beginning of 2016. ...

  • News briefs

    Calida Holding, the Swiss lingerie company that has controlled Lafuma...

    2018-07-03T00:00:00Z

    Calida Holding, the Swiss lingerie company that has controlled Lafuma since December 2013, has announced the acquisition of a further 8.54 percent stake in the company, by taking over all the shares held by a minority investor, CDC Entreprises Elan PME. With this transaction, Calida's stake rises to 87.70 percent. ...

  • News briefs

    The Swix Sport Group is changing its name to Brav,...

    2018-07-03T00:00:00Z

    The Swix Sport Group is changing its name to Brav, because it has turned into a company with multiple outdoor and winter sports brands. They generate annual sales in the range of one billion Norwegian kroner (€105.0m-$122.6m), about half of them outside of Norway. The Swix Sport Group was formed ...

  • News briefs

    Dorel Industries has sold the Sugoi and Sombrio brands to...

    2018-07-03T00:00:00Z

    Dorel Industries has sold the Sugoi and Sombrio brands to Louis Garneau Sports. For Garneau, this strategic acquisition is meant to reinforce its positioning on the West Coast of both Canada and the U.S. while providing opportunities for growth in Asia and Western Europe. Garneau will keep the sales and ...

  • News briefs

    Intersport PSC Holding, the Swiss licensee for the Intersport banner,...

    2018-07-03T00:00:00Z

    Intersport PSC Holding, the Swiss licensee for the Intersport banner, is proposing to merge with its parent company, Zelfi Sports Holding, which owns more than 91 percent of its shares. Nothing would change for the employees and the customers. The proposal is set to be endorsed by an extraordinary meeting ...

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    Eddie Bauer and Pacific Sunwear, two struggling American retail chains...

    2018-07-03T00:00:00Z

    Eddie Bauer and Pacific Sunwear, two struggling American retail chains that together have a total of 700 stores, are being merged into a single operation for all their back-office functions. They were both taken over by Golden Gate Capital through bankruptcy auctions.

  • News briefs

    Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns...

    2018-07-03T00:00:00Z

    Kasper Rorsted, the Adidas Group's chief executive, has expressed concerns about potential over-commercialization of football and dilution of the game's quality, due to an increasing number of competitions and participants. In an interview with Kicker, a German football magazine, he said that Fifa's decision to increase the number of teams ...