More corporate news – Page 102
-
News briefs
Newton Running has reportedly laid off some sales representatives and...
Newton Running has reportedly laid off some sales representatives and staff members at its head office in Boulder, Colorado, as part of a restructuring plan led by Joe O'Neil, who became the company's chief executive at the beginning of this month. Newton declined to provide details on the reorganization, which ...
-
News briefs
Johnson Outdoors has acquired Seabear Diving Technology, an Austrian start-up...
Johnson Outdoors has acquired Seabear Diving Technology, an Austrian start-up specializing in underwater instrumentation. It makes electronic equipment for divers, such as smart watches and technical dive computers that can be used underwater. Arne Sieber, Seabear's founder and principal, is to join the diving unit of Johnson Outdoors, which predominantly ...
-
News briefs
Jarden Corp. has raised net proceeds of $475 million from...
Jarden Corp. has raised net proceeds of $475 million from its previously reported secondary offering of 10 million shares, plus an additional 1.5 million shares as a greenshoe option. The proceeds will be used for the planned acquisition of Jostens.
-
News briefs
Li Ning Company has agreed to sell a 10 percent...
Li Ning Company has agreed to sell a 10 percent stake in Shanghai Double Happiness for about 125 million renmimbi (€18.0m-$20.0m) in cash to the Viva China Group. The transaction will reduce Li Ning's share in the Chinese table tennis company to 47.5 percent, leaving it still as its largest ...
-
News briefs
The Quiksilver group, which filed for bankruptcy for its U.S....
The Quiksilver group, which filed for bankruptcy for its U.S. business in September, has reportedly asked bankruptcy authorities for permission to sell Ampla, its startup running-shoe brand, to two former employees for $200,000. Ampla was launched by Quiksilver two years ago but it's one of the assets that are no ...
-
News briefs
Jarden Corp. has launched a secondary offering, due to close...
Jarden Corp. has launched a secondary offering, due to close on Oct. 21, for 10 million shares priced at $49.00 each, plus an overallotment of 1.5 million shares. The proceeds will be used to fund a portion of its planned acquisition of Jostens, a company that supplies high-school memorabilia such ...
-
News briefs
IC Group's board of director has decided to initiate a...
IC Group's board of director has decided to initiate a new program that will grant up to 61,113 performance shares to the members of its global management team and other selected executives, for a total of 23 participants. They will have an opportunity to get one-quarter of the shares depending ...
-
News briefs
Callaway Golf is offering to redeem the balance of its...
Callaway Golf is offering to redeem the balance of its outstanding 3.75 percent convertible senior notes due in 2019, plus accrued interest, leaving the company without any long-term debt. The principal on the notes carries a total value of $27,517,000, plus interest. Until Nov. 16, the note holders will be ...
-
News briefs
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to...
Lars Svendsen has sold Svendsen Sport and D.A.M. Tackle to Maj Invest, a Danish private equity and asset management group, for 500 million Danish kroner (€66.9m-$76.0m). Svendsen has invested 40 million kroner (€5.4m-$6.1m) to secure a 15 percent stake in the company and will remain as managing director of Svendsen ...
-
News briefs
Vaude is opening an entirely renovated headquarters in Tettnang, near...
Vaude is opening an entirely renovated headquarters in Tettnang, near Lake Constance, to accommodate 500 people, following a large expansion of its staff over the recent years. The German company spent about €7 million on the project, including the addition of 3,000 square meters of office space. It is an ...
-
News briefs
About 350 of the 550 workers at Mifa Bike, the...
About 350 of the 550 workers at Mifa Bike, the German bicycle manufacturer, were requested to switch to a shorter working week for three months from the start of October to support the company's turnaround. Mifa filed for insolvency in September last year, after the failure of takeover discussions with ...
-
News briefs
Bauer Hockey has opened an Innovation Center in Blainville, Quebec....
Bauer Hockey has opened an Innovation Center in Blainville, Quebec. The facility, which has a surface of more than 9,200 square meters, recently hosted the annual BauerWorld event, which welcomed around 350 of the company's top global retail partners. The new site features more than 150 testing and R&D machines, ...
-
News briefs
Adidas is expected to put an end to its involvement...
Adidas is expected to put an end to its involvement in table-tennis equipment by the end of this year. Greenmaster, which has been its licensee for this product category, has reportedly agreed to stop it by then. Frank Koch, the former executive of Kettler who started the project at Greenmaster, ...
-
News briefs
Lotto Sport Italia and Stonefly, which share some common ownership,...
Lotto Sport Italia and Stonefly, which share some common ownership, have been studying a possible integration of some of their operations, ranging from the supply chain to the retail network. It seems that the plan could come to fruition in terms of back-office operations during the first half of 2016. ...
-
News briefs
Julbo has become the only sports brand in Europe with...
Julbo has become the only sports brand in Europe with an in-house laboratory to make corrective lenses for its sports glasses. Like other brands of sports eyewear, it was previously outsourcing the process to an outside laboratory. Following an investment completed in April, Julbo's lab has a capacity to make ...
-
News briefs
Facing sluggish sales in some of its largest markets and...
Facing sluggish sales in some of its largest markets and tough pressure on margins due to adverse exchange rate changes, Mammut Sports Group has decided to close the rope production unit at its head office in Seon, Switzerland. It will be transferred from the start of September 2016 to an ...
-
Short stops
Calida, the Swiss lingerie group, is holding discussions with the...
Calida, the Swiss lingerie group, is holding discussions with the minority shareholders of Lafuma to take over the 35 percent stake it doesn't own in the French company at a reasonable price, says Sportguide.com
-
Short stops
Fred Perry plans to move its head office to...
Fred Perry plans to move its head office to a refurbished Victorian warehouse with 30,000 square feet of space at Mount Pleasant in London in the first quarter of 2016
-
Short stops
Billabong's shares will reverse split on Nov. 30 on a...
Billabong's shares will reverse split on Nov. 30 on a five-to-one basis, reducing the number of outstanding shares from 990 million to 198 million
-
News briefs
Adidas France is to transfer its French head office to...
Adidas France is to transfer its French head office to Strasbourg toward the end of 2017, in the new business area of Wacken. It will thus leave the village of Landersheim near Saverne, where it was established in 1973. Despite repeated renovations, the office complex was apparently no longer suitable. ...
