More corporate news – Page 101
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News briefs
Bondholders of Sympatex Holding have rejected a proposal to get...
Bondholders of Sympatex Holding have rejected a proposal to get their bonds redeemed ahead of their maturity for 101 percent of their value, and this should make it more difficult for shareholders to sell parts of the group to interested parties. Only creditors representing 21.6 percent of the €13 million ...
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A Hong Kong-based financial service company registered in the Seychelles...
A Hong Kong-based financial service company registered in the Seychelles islands, Yucheng International, has agreed to acquire the 64.15 percent stake held by Pegasus Footgear Management in its shoe factory in Guangzhou, Pegasus International Holding, subject to various conditions. It would subsequently make a bid for the remaining shares of ...
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Short stops
Authentic Brands, the company that owns Prince Sports and Tretorn,...
Authentic Brands, the company that owns Prince Sports and Tretorn, among other properties, is said to be targeting a public offering in the course of 2016
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Sergi González has left Intersport España, where he acted as...
Sergi González has left Intersport España, where he acted as managing director, according to the Spanish trade press
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Julie Karsenti, marketing coordinator for Go Sport in France, has...
Julie Karsenti, marketing coordinator for Go Sport in France, has become marketing director of Courir, the sister chain of athletic footwear shops
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The Bestseller Group, owner of Jack & Jones and other...
The Bestseller Group, owner of Jack & Jones and other brands, has appointed Alexander Korosec as country manager for Austria and Eastern Europe
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Rudy Project has promoted a former triathlon champion, Johnny Vu,...
Rudy Project has promoted a former triathlon champion, Johnny Vu, as North American event sales director
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News briefs
Sport Eco reports that Go Sport, the French sports retailer,...
Sport Eco reports that Go Sport, the French sports retailer, has acquired Tool Sport, a French online retailer that went into receivership earlier this year. Go Sport declined to comment but the customer service department at Tool Sport said that the company has been renamed Go Sport Développement. For the ...
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News briefs
The board of directors of Intersport PSC Holding, which is...
The board of directors of Intersport PSC Holding, which is the Swiss licensee of Intersport, has decided to apply for de-listing on the SIX Swiss stock exchange by the summer of 2016 because of the small volume of transactions with its shares and the cost of remaining a public company. ...
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News briefs
The Saarbrücker Nachrichten published an unconfirmed report that ZEG, the...
The Saarbrücker Nachrichten published an unconfirmed report that ZEG, the German-based buying group for bicycle dealers, could purchase the bicycle production unit of Kettler, the German supplier of fitness and garden equipment, which went into self-administered receivership in June. As reported in our previous issue, Kettler said it was working ...
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News briefs
Bench, which is now run by Bruno Salzer out of...
Bench, which is now run by Bruno Salzer out of its Munich office, has cut by half the team at its head office in Manchester, previously made up of 120 people, and expanded operations in Germany. Roles across various areas, among which are “design and communication” and other important functions, ...
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News briefs
Oaktree Capital Management, which has lent $175 million to Quiksilver...
Oaktree Capital Management, which has lent $175 million to Quiksilver to keep operating while its U.S. business is in bankruptcy proceedings, has reportedly retained Alix Partners as an advisor for the possible acquisition of the entire company. Quoting unnamed sources, Bloomberg says that other investors may be interested in Quik ...
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News briefs
As planned, Kevin Plank, Under Armour (UA)'s chairman and chief...
As planned, Kevin Plank, Under Armour (UA)'s chairman and chief executive, has entered into a pre-arranged stock trading plan to sell up to 1,125,000 shares of UA's class B common stock that he personally owns and up to 125,000 shares of the class B stock held by his charitable trust. ...
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News briefs
Adidas is offering design resources and financial assistance to high...
Adidas is offering design resources and financial assistance to high schools in the U.S. that want to change their mascot names and identities, to move away from mascots with “potentially harmful” Native American imagery or symbolism. Aligned with the Adidas Group's “open source” strategy, the voluntary initiative was announced in ...
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News briefs
The Scott Sports group continues its strong external growth strategy....
The Scott Sports group continues its strong external growth strategy. We understand that it is already working on another acquisition, which may be sealed before the end of this year, after striking a preliminary agreement last month for the takeover of Dolomite from the Tecnica Group. Scott's management indicates that ...
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News briefs
Le Chameau has decided to shut down its French manufacturing...
Le Chameau has decided to shut down its French manufacturing plant at Cahan near Flers, which employs 55 workers. The factory makes some of the high-end hunting boots in rubber and leather sold by the company. The production is expected to be transferred to another plant owned by the company ...
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News briefs
Implus, a U.S. company that owns a lot of brands...
Implus, a U.S. company that owns a lot of brands relating to sports, fitness and footwear, has added Fuelbelt, which specializes in hydration belts and running accessories. Acquired at an undisclosed price, Fuelbelt is to be included in the specialty category of Implus, alongside Balega socks, Triggerpoint and Sof Sole. ...
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Mizuno has inaugurated the head office of its new Spanish...
Mizuno has inaugurated the head office of its new Spanish subsidiary, which covers 250 square meters in El Prat de Llobregat, near Barcelona and close to many other sports companies
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News briefs
Manz, a German engineering company, has formally signed a partnership...
Manz, a German engineering company, has formally signed a partnership agreement with Adidas to contribute to its Speedfactory project. The company, based in Reutlingen, says the deal builds on the development of new automated production technology for sports equipment, allowing the design of custom-tailored shoe components, textiles and accessories to ...
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News briefs
Kettler says it has negotiated with employee representatives a rescue...
Kettler says it has negotiated with employee representatives a rescue plan involving the elimination of 198 jobs as part of wider restructuring measures. The German fitness and leisure equipment company went into self-administered receivership in June, while several investors were said to show interest in the family-owned company. Creditors supported ...
