More corporate news – Page 108
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News briefs
Shock Doctor Sports and McDavid have finalized their merger, without...
Shock Doctor Sports and McDavid have finalized their merger, without releasing the financial details of the transaction. Tony Armand, president and chief executive of Shock Doctor, will act as CEO of the new entity. Bob McDavid, president and CEO of the eponymous firm, will act as chairman. The two companies ...
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News briefs
Bridgedale's North American sales and administrative office in Toronto, Canada...
Bridgedale's North American sales and administrative office in Toronto, Canada is now open for business. The office ships products to customers in the U.S. and Canada via its new distribution center in Buffalo, New York. The sock and accessories brand has also communicated that it is currently hiring sales agents ...
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News briefs
Orbea is buying a 8,000-square-meter facility to expand its assembly...
Orbea is buying a 8,000-square-meter facility to expand its assembly capabilities at its plant in Portugal. In addition, the Spanish bike maker said it is increasing the customizing potential of its production center in Mallabia, Spain, while also boosting its logistics and soft-good development platform in Hong Kong, and investing ...
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News briefs
While selling Rockport, the Adidas Group is said to be...
While selling Rockport, the Adidas Group is said to be investing in Bucketfeet, a new and innovative American brand of canvas sneakers along with Gordon Segal, founder of Crate & Barrell, and others. Adidas, which is apparently making the investment through a fund called Hydra Ventures, declined to comment on ...
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News briefs
More than 500 employees of Converse have moved to the...
More than 500 employees of Converse have moved to the company's new state-of-the-art head office in downtown Boston from its former suburban premises. It occupies more than 186,000 square feet in a renovated building on the waterfront.
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News briefs
Evans Cycles of the U.K. is being sold by Active...
Evans Cycles of the U.K. is being sold by Active Private Equity to ECI Partners. The financial details of the transaction were not disclosed. Active Private Equity had bought its controlling interest in the company, at the time a family-owned chain, in 2008 for about £35 million (€47.6m-$53.0m). The company has ...
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Short stops
Hudson Bay, the Canadian department store, is said to interested...
Hudson Bay, the Canadian department store, is said to interested in the acquisition of Galeria Kaufhof, the subsidiary of Metro Group with stores in Germany and Belgium
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News briefs
Puma opened a subsidiary in Indonesia at the start of...
Puma opened a subsidiary in Indonesia at the start of this year, putting an end to a long licensing and distribution agreement with PT Mitra Adiperkasa, a leading fashion and sports retailer in the country. The company already has subsidiaries in Malaysia and Singapore, where it appointed the seasoned Puma ...
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News briefs
Under Armour has opened a head office for Connected Fitness...
Under Armour has opened a head office for Connected Fitness in Austin, Texas, employing more than 100 people specializing in digital health and fitness. The company's Connected Fitness platform forms what is touted as the world's largest digital health and fitness community through several applications, which Under Armour has either ...
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News briefs
Alibaba and three other Chinese companies are reported to be...
Alibaba and three other Chinese companies are reported to be interested in the takeover of AC Milan. The famous Italian football club is also said to be the target of a crowdfunding initiative in China intended to raise at least $1 billion for its acquisition by the general public and ...
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News briefs
XXL ASA, the leading Norwegian sporting goods retailer, is setting...
XXL ASA, the leading Norwegian sporting goods retailer, is setting aside 105,000 own shares for its employees based on individual bonus agreements, starting with six members of its financial department. These share units carry a strike price of 76.08 Norwegian kroner (€8.77-$9.45), and they will be vested after three years. ...
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News briefs
Amer Sports has transferred 290,596 of its treasury shares to...
Amer Sports has transferred 290,596 of its treasury shares to its personnel who participate in various performance share and stock incentive programs instituted in 2010 and 2013. This leaves Amer with 1,131,756 own shares, or 0.95 percent of the whole equity. Meanwhile, Amer's board of directors has approved a new ...
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News briefs
Netshoes, the world's largest internet retailer for sporting goods, has...
Netshoes, the world's largest internet retailer for sporting goods, has secured $45 million in new funding from Riverwood Capital and the International Finance Corporation, which belongs to the World Bank, to further expand its presence in Argentina and Mexico. It should also help the Brazilian company to develop its own ...
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News briefs
XXL ASA, the leading Norwegian sporting goods retailer, purchased a...
XXL ASA, the leading Norwegian sporting goods retailer, purchased a further 25,000 own shares on the stock exchange on March 26 at an average share price of NOK 70.54. That brought to 100,000 the number of shares held in treasury, representing 0.07 percent of the capital.
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News briefs
Kipsta, Décathlon's private label brand for team sports products, opened...
Kipsta, Décathlon's private label brand for team sports products, opened its own head office in the north of France earlier this month. Kipstadium, as the complex is called, is built on a plot of land that straddles the municipalities of Roubaix, Tourcoing and Wattrelos. Kipsta has reportedly invested about €12 ...
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News briefs
Two leading American suppliers of sports protection equipment with operations...
Two leading American suppliers of sports protection equipment with operations also in Europe, Shock Doctor Sports and McDavid, announced last week an agreement to merge. Aside from their compression apparel, the product ranges of the two companies are largely complementary. Owned by Bregal Partners, a private equity investment company, Shock ...
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News briefs
Contrary to previous expectations, 21sportsgroup, the German online and offline...
Contrary to previous expectations, 21sportsgroup, the German online and offline retailer based in Mannheim, has finally agree to take over Planet Sports, the German action sports retailer. The company had announced in January its intention to make the acquisition but then backed out of the deal, claiming that Planet Sports' ...
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News briefs
PAI Partners is considering the acquisition of Evans Cycles, a...
PAI Partners is considering the acquisition of Evans Cycles, a British chain of 50 bike stores that sells also online, according to The Telegraph. The Paris-based fund recently bought A.S. Adventure, the largest outdoor retailer in Europe.
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News briefs
RCG Corporation of Australia, which has the license for The...
RCG Corporation of Australia, which has the license for The Athlete's Foot in Australia and New Zealand, has agreed to acquire Accent Group (AGL), a company in New Zealand that owns the Platypus chain of sneaker stores and distributes seven international brands including Dr. Martens, K-Swiss, Skechers, Timberland and Vans. ...
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News briefs
Basicnet has concluded a new financing package worth €15 million...
Basicnet has concluded a new financing package worth €15 million with Istituto di Credito Intesa San Paolo for the next four years, to be amortized on a quarterly basis. Meanwhile, the company's board of directors has decided to propose to its shareholders a new program to buy back shares for ...
