More corporate news – Page 110
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News briefs
Groupe Royer has finally reached an agreement for the acquisition...
Groupe Royer has finally reached an agreement for the acquisition of Noël Soccer, the subsidiary of the Noël group that holds the Umbro license for France. Noël is known in the shoe market primarily for its Sledgers and Babybotte brands. As previously reported, a French court pronounced the insolvency of ...
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News briefs
Lion Capital has agreed to sell its majority stake in...
Lion Capital has agreed to sell its majority stake in the A.S. Adventure Group to PAI Partners, a French-based private equity firm. The leading European outdoor retail group, which comprises A.S. Adventure in Belgium as well as Cotswold Outdoor in the U.K. and Bever in the Netherlands, achieved a turnover ...
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News briefs
The weakness of the euro, which has reached its lowest...
The weakness of the euro, which has reached its lowest level in five years against the dollar, may push Dorel Industries to raise its prices in Europe. Dorel, which owns Cannondale, GT, Schwinn and other brands of bicycles, says that the strong dollar will have a hard negative impact on ...
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News briefs
Belgian newspapers have reported that A.S. Adventure was holding advanced...
Belgian newspapers have reported that A.S. Adventure was holding advanced talks with PAI, an international private equity firm based in Paris, for the takeover of the Belgian-based outdoor retail company. The A.S. Adventure group encompasses the eponymous Belgian outdoor retailer as well as Bever in the Netherlands and Cotswold Outdoor ...
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News briefs
Sports Direct International (SDI) announced last month that an investment...
Sports Direct International (SDI) announced last month that an investment company owned by Mike Ashley sold shares amounting to about 2.75 percent of the group's issued share capital, at 720 pence per share. Ashley still holds about 55.14 percent of SDI's capital and has agreed not to sell any more ...
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News briefs
Shimano has opened a new plant in the Philippines. The...
Shimano has opened a new plant in the Philippines. The facility, which reportedly represents an investment of JPY3.5 billion (around €30 million), is located at the First Philippine Industrial Park (FPIP) in Santo Tomas, Batangas. The investment is a 70-30 joint venture of Shimano with the First Philippine Holdings Corporation ...
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News briefs
The staff of Campagnolo is in turmoil following the management's...
The staff of Campagnolo is in turmoil following the management's announcement that the company will soon undergo substantial reorganization. The process will cause the lay-off of 68 employees, mainly in the manufacturing areas, out of the 399 at the company's main facility in Vicenza, in Italy's northeast. It will also ...
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News briefs
Shareholders of Alliant Techsystems gave overwhelming approval to a proposed...
Shareholders of Alliant Techsystems gave overwhelming approval to a proposed merger with Orbital Sciences, paving the way for the spin-off of Vista Outdoor, the new company that will run Bushnell, Bollé, Cébé, Serengeti and other brands of sports eyewear, firearms and ammunition. Vista Outdoor, which will go public on Feb. ...
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News briefs
Thule Group has inaugurated a big new distribution center in...
Thule Group has inaugurated a big new distribution center in Poland to service customers in Central and Eastern Europe as well as Russia and Scandinavia. The new center, which has involved investments of 65 million Swedish kronor (€6.9m-$7.8m) is located at Huta, in western Poland, where the group has operated ...
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News briefs
According to reports in Boardsports Source, Kelly Slater has made...
According to reports in Boardsports Source, Kelly Slater has made a formal offer to acquire a majority stake in Firewire. The recent move by the American surfer and 11-time world champion appears to be related to his interest in producing eco-friendly surfboards, as stabmag.com quoted him saying, it is time ...
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News briefs
Diffusion Sport, one of the leading sporting goods industry publications,...
Diffusion Sport, one of the leading sporting goods industry publications, has been integrated into Grupo Peldaño, a 30-year-old Spanish publishing group with seven other trade magazines in tourism, caravanning and other sectors. Manuel Freixas, the 63-year-old entrepreneur who founded Diffusion Sport in 1982, will continue to run it for at ...
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Short stops
A new strategic investor for Alpina, the Slovenian shoe retailer...
A new strategic investor for Alpina, the Slovenian shoe retailer and manufacturer of shoes and ski boots, may emerge in the next few weeks
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Short stops
China Dongxiang has contracted a loan of RMB600 million (€84.9m-$97.1m),...
China Dongxiang has contracted a loan of RMB600 million (€84.9m-$97.1m), carrying an annual interest rate of 22.4%
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News briefs
Sports Direct International has placed its USC chain of young...
Sports Direct International has placed its USC chain of young fashion stores into administration, a form of Chapter 11 bankruptcy. It has also placed it under the control of Republic, another British fashion chain in its portfolio. Reports indicate that 28 of the 90 USC stores may be closed down. ...
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News briefs
Canada Goose has acquired the assets of Grand Harbour Clothing,...
Canada Goose has acquired the assets of Grand Harbour Clothing, one of its largest outerwear factories. Based in Scarborough, Ontario, Grand Harbour Clothing has long been a key contract manufacturer for Canada Goose, producing a significant portion of the brand's outerwear. With the acquisition of the 45,000 square-foot facility, Canada ...
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News briefs
Safilo has decided to locate its global sports & outdoor...
Safilo has decided to locate its global sports & outdoor division in the new Pacific Coast Design Center in Portland, Oregon. The site will also serve as the head office of Smith Sports Optics for product development, marketing, sales and e-commerce. Chatham Baker and Drew Chilson will serve as creative ...
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News briefs
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that...
Vista Outdoor, the sporting goods spin-off from Alliant Techsystems that owns Bushnell, Bollé and a raft of other brands, mostly in the firearms segment, is evaluating several merger and acquisition opportunities to diversify its product portfolio in areas such as camping, cycling, fishing, golf, snow sports, trail sports and water ...
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News briefs
Garmin has announced it is acquiring iKubu, a privately-owned designer...
Garmin has announced it is acquiring iKubu, a privately-owned designer of computer vision and radar systems for the cycling market based in South Africa. The financial terms of the acquisition have not been released. iKubu is working on the development of a backpack unit that tells cyclists the speed and ...
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News briefs
The Recreation & Leisure segment of Dorel Industries has changed...
The Recreation & Leisure segment of Dorel Industries has changed its name to Dorel Sports and made another acquisition in Latin America. After the takeover of Caloi in Brazil, the Canadian parent company of Cannondale, GT, Schwinn, Sugoi and other bike brands is taking over the assets of Intercycles, a ...
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News briefs
The Saban Brands division of Saban Capital Group has acquired...
The Saban Brands division of Saban Capital Group has acquired a majority stake in Mambo, the 30-year-old Australian surf-inspired fashion brand. Angus Kingsmill will remain managing director of Mambo, with the task of pushing its international growth. Saban has taken over control of Mambo from Equity & Capital Finance of ...
