More corporate news – Page 111
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Lotto Sport Italia and Stonefly, which share some managers and...
Lotto Sport Italia and Stonefly, which share some managers and shareholders, are reportedly studying a possible alliance at the administrative and logistic levels. The super-active Andrea Tomat runs both companies already. A spokesperson says the management has no comments at this stage.
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Amer Sports has completed the repurchase of 819,171 of its...
Amer Sports has completed the repurchase of 819,171 of its own shares at an average price per share of €15.49, a process that began on Aug. 15. As a result, the company now holds a total of 1,417,429 treasury shares representing about 1.20% of the total number of outstanding shares ...
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Moncler has signed a new €60 million credit line for...
Moncler has signed a new €60 million credit line for the next three years and reimbursed a €120 million loan obtained from a bank consortium in October 2013
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Mike Ashley, who owns 57 percent of Sports Direct International,...
Mike Ashley, who owns 57 percent of Sports Direct International, reportedly granted the company a £40 million (€51.0m-$62.2m) loan in October to help finance its purchases for the holiday season, charging normal lending rates. SDI could have borrowed the money from a bank, but the loan reportedly allowed Ashley to ...
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Kering has been looking since the beginning of this year...
Kering has been looking since the beginning of this year for investors who may be interested in taking over its 86 percent stake in Puma, says the Bloomberg news agency. Investment funds in Asia, Qatar and other parts of the Middle East were reportedly approached, but no takeover negotiations have ...
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Noël, the French footwear company that has been a licensee...
Noël, the French footwear company that has been a licensee of Umbro for many years, was placed in receivership by a court in Rennes on Dec. 8, with until June 8 to present a recapitalization plan. The company has been unable to conclude a satisfactory agreement for the transfer of ...
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Mitteldeutsche Fahrradwerke (Mifa) has a new owner. All the assets...
Mitteldeutsche Fahrradwerke (Mifa) has a new owner. All the assets of the German bike maker have been acquired, by the Von Nathusius family, the sole shareholder of German auto parts supplier IFA Rotorion-Holding. Detailed terms of the deal were not disclosed but have guarantees from the state of Saxony-Anhalt. Mifa's ...
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YKK, the world's largest manufacturer of zippers, is reportedly planning...
YKK, the world's largest manufacturer of zippers, is reportedly planning to invest $88 million in its Vietnamese factory to raise its annual production by 30 percent to 10 billion units by the end of 2016 and to double it by 2017. The additional capacity will become available by November 2015 ...
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Fox Factory is set to purchase Race Face and with...
Fox Factory is set to purchase Race Face and with it, Easton's bicycle components business. Race Face purchased Easton in April this year. Race Face/Easton designs, manufactures, and distributes globally high-performance wheels for mountain and road bikes as well as other high-performance cycling components including bars, cranks, stems and seat ...
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Reed Business, a division of Reed Elsevier, has announced plans...
Reed Business, a division of Reed Elsevier, has announced plans to sell Bike Europe and 16 other B2B titles to B+B Vakmedianet, a Dutch publishing house. The decision is meant to allow Reed to focus on data and information solutions, the company said, as it is increasingly moving from digital ...
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Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan...
Makalot, the Taiwan-based sportswear supplier, has announced a three-year plan to invest between $10 million and $15 million building two textile plants in Vietnam, one in northern Vietnam and one in the south. Both are scheduled to start operations in the first quarter of 2016. According to reports in The ...
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Barclays Bank has downgraded Adidas' stockmarket rating because of the...
Barclays Bank has downgraded Adidas' stockmarket rating because of the weakness of the Russian ruble, estimating that this year it will cut its 2014 net income by $10 million and its sales by €80 million
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New Balance has moved into a new, 30,600-square-foot European head...
New Balance has moved into a new, 30,600-square-foot European head office at Birchwood, not far from its former location in Warrington, Cheshire
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Kelme has moved to a new head office in Elche...
Kelme has moved to a new head office in Elche
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Quiksilver has completed the sale of its majority stake in...
Quiksilver has completed the sale of its majority stake in Surfdome to Surfstitch
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Quiksilver has set up a new German office in Munich,...
Quiksilver has set up a new German office in Munich, and Mervin Manufacturing, a former property of the company, has opened a showroom in the city
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Décathlon has inaugurated a new campus for its three “mountain...
Décathlon has inaugurated a new campus for its three “mountain brands”: Quechua (outdoor), Wed'ze (snow sports) and Simond (climbing). The site regroups nearly 300 people who were previously dispersed over six sites, not including the workers at Simond's factory at Les Ouches. The new campus is located at Passy, near ...
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Décathlon has also turned a one-year-old French distribution center at...
Décathlon has also turned a one-year-old French distribution center at Rouvignies, near Valenciennes and the Belgian border, into its sixth continental distribution platform, joining three others in France and two in Spain. Covering 56,000 square meters, it will process the merchandise received from the suppliers and dispatch it to any ...
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Seafolly, the Australian swimwear label, has been taken over at...
Seafolly, the Australian swimwear label, has been taken over at undisclosed conditions by L Capital Asia 2, an investment vehicle of the LVMH luxury goods group. The business plan calls for Seafolly's international expansion and its diversification into new product categories in order to become an all-around lifestyle brand. Led ...
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Head may be forced to go private following a negative...
Head may be forced to go private following a negative vote on a resolution proposed at a general shareholders' meeting on Dec. 3 to increase the nominal value of its shares by drawing on the company's own reserves. The Vienna Stock Exchange had informed Head that its listing would be ...
