More corporate news – Page 100
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Shares in the Iconix Brand Group took a nosedive on...
Shares in the Iconix Brand Group took a nosedive on Monday, after the company announced that it received a formal order of investigation from the Securities and Exchange Commission (SEC). Iconix, the parent company of Umbro, Starter, Danskin and a string of other brands, added that it intended to fully ...
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To prepare itself for accelerated growth in Europe, Skechers is...
To prepare itself for accelerated growth in Europe, Skechers is again raising the capacity and efficiency of its European distribution center in Belgium. A new phase of expansion will take the total warehousing surface to more than 100,000 sqm. by next April. The 13-year-old facility, which gets its products through ...
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Bridgestone Golf has announced the closure of its sales operations...
Bridgestone Golf has announced the closure of its sales operations in the U.K. and Ireland from March 2016. The parent company in Japan said the decision was primarily due to the prevailing market conditions, currency fluctuations and the long term outlook for sales. The move will result in the cancellation ...
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Zalando is taking over Nugg, a German company that supplies...
Zalando is taking over Nugg, a German company that supplies targeted digital marketing solutions, from the German Post Office, in order to address specific target groups in different ways. In the U.S., meanwhile, Amazon is reportedly planning to set up its own fleet of cargo airplanes to avoid delayed deliveries ...
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Short stops
Devold has reportedly invested €11 million in a new apparel...
Devold has reportedly invested €11 million in a new apparel manufacturing plant in at Panevezys, in Lithuania
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Adidas has announced the acquisition of a new building next...
Adidas has announced the acquisition of a new building next to its campus in North Portland, Oregon as part of an expansion of its North American operations. It will accommodate about 150 employees on 25,000 square feet of office space, adding to the five existing buildings of the local Adidas ...
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Exceeding its previously set targets, Nike has spent $380 million...
Exceeding its previously set targets, Nike has spent $380 million to expand its world headquarters in Portland, Oregon, hiring more than 2,000 new employees there, according to the Portland Business Journal. The Swoosh had made a deal with the state of Oregon three years ago to avoid paying tax on ...
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Herbert Hainer, chief executive at the Adidas Group, denied a...
Herbert Hainer, chief executive at the Adidas Group, denied a report in The New York Post that it was preparing a sale of Reebok CCM Hockey in another effort to simplify its business. He acknowledged in a press briefing earlier this month that several parties were interested in the ice ...
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Polartec has decided to close its factory in Lawrence, Massachusetts,...
Polartec has decided to close its factory in Lawrence, Massachusetts, moving its operations to its other plants in Hudson, New Hampshire and Cleveland, Tennessee. The latter was acquired by Polartec in September from United Knitting. The Lawrence factory had been rebuilt by Malden Mills 20 years ago, after being ...
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The price of GoPro shares briefly increased earlier this month...
The price of GoPro shares briefly increased earlier this month after an influential U.S. analyst described it as an interesting potential acquisition target for Apple. Dan Ives from FBR & Co reportedly wrote that action cameras were uniquely positioned at the intersection of Apple's smartphone, wearables and multimedia offerings. He ...
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Implus, the acquisitive U.S. company that owns numerous sports, fitness...
Implus, the acquisitive U.S. company that owns numerous sports, fitness and footwear accessories brands, has enlarged its fitness category to form the Implus Fitness & Wellness Division, after the purchase of Trigger Point Performance, Harbinger Fitness and Fuel Belt earlier this year. The move is meant to accelerate expansion in ...
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News briefs
Amer Sports' board of directors has approved a Performance Share...
Amer Sports' board of directors has approved a Performance Share Plan and a Restricted Stock Plan as incentives for key employees. The first one will allow about 250 people to earn rewards in cash and Amer shares, up to a maximum of 1.1 million shares, based on the ...
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News briefs
Spy has applied at the U.S. Securities and Exchange Commission...
Spy has applied at the U.S. Securities and Exchange Commission to deregister its shares from the OTC BB stock exchange. As a result, the American sports eyewear firm will no longer have to file quarterly or annual financial statements with the agency. Its shares should continue to be quoted on ...
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A report by Duff & Phelps, which was appointed to...
A report by Duff & Phelps, which was appointed to supervise the receivership of Direct Golf, has provided some details on the lead-up to Sports Direct's acquisition of the golf retailer's assets last month. SDI (formally Sportsdirect.com Retail Limited, in this instance) bought 25 percent of the retailer last year ...
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Sports Direct International (SDI) has reportedly held talks with the...
Sports Direct International (SDI) has reportedly held talks with the Chinese owners of House of Fraser, the Sanpower group, to deploy the Lillywhites banner in some of the group's department stores. The Sunday Telegraph reported that talks are at an early stage and that Nigel Oddy, House of Fraser's chief ...
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The Australian-based Surfstitch Group has agreed to buy Surfwear Hardware...
The Australian-based Surfstitch Group has agreed to buy Surfwear Hardware International (SHI) Holdings, parent company of four brands - FCS, Gorilla, Hydro and Softech - that stand for surfboards, SUP boards and related products and accessories. The acquisition gives SHI an enterprise value of 23.7 million Australian dollars (€16.1m-$17.1m). SHI's ...
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Selle Royal has announced it will open a new facility...
Selle Royal has announced it will open a new facility in Ogden, Utah, north of Salt Lake City, within Utah's bike industry cluster. The group, which is headquartered in Pozzoleone, near Vicenza, in Italy, owns the Brooks, Fizik and Crank Brothers brands. Selle Royal was founded in 1956 to make ...
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Athos, a U.S. start-up specializing in smart fitness apparel, has...
Athos, a U.S. start-up specializing in smart fitness apparel, has raised $35.5 million in investments led by Social Capital. Other investors in the fundraising are MAS Holdings, an apparel manufacturer from Sri Lanka, Lightspeed Venture Partners and Felix Capital, along with existing shareholders DMC, True Ventures and Joe Lacob, the ...
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Nassef Sawiris, the Egyptian billionaire whose investment fund directly and...
Nassef Sawiris, the Egyptian billionaire whose investment fund directly and indirectly controls 6 percent of voting rights in Adidas, told Reuters that he wants “constructive dialogue” with the German company. Herbert Hainer, the group's chief executive, said in a conference call earlier this month that Adidas was always open to ...
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Misfit, the U.S. maker of wearable fitness trackers, is to...
Misfit, the U.S. maker of wearable fitness trackers, is to be taken over for $260 million by Fossil Group, a watchmaker based in Texas. Fossil sells its own brands, Fossil and Skagen, and it holds licenses for several others, from Adidas to Michael Kors and Diesel. Sonny Vu, chief executive ...
