More corporate news – Page 115
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News briefs
The board of directors of Callaway Golf Co. authorized the...
The board of directors of Callaway Golf Co. authorized the company to spend up to $50 million to buy back some of its shares. The move came after a 10 percent drop in the share price since Callaway reported a 7.2 percent drop in its sales and a 70 percent ...
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A spokesman for Birkenstock denies a report that the...
A spokesman for Birkenstock denies a report that the German shoemaker may use its growing popularity to jump into the growing running footwear sector. Together with a business consultancy, Trademark One or TM1, Birkenstock is evaluating possible licensing opportunities in four other areas: healthy living & sleeping, healthy working ...
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Puma is reportedly considering buying a stake in Borussia Dortmund,...
Puma is reportedly considering buying a stake in Borussia Dortmund, the German football club of which it is a sponsor, similar to Adidas' stake in Bayern Munich
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The Feldenkreis family, which owns 20 percent of the diluted...
The Feldenkreis family, which owns 20 percent of the diluted shares of Perry Ellis International, is said to be considering a possible change of ownership
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After selling its bowling business, Brunswick Corp. is acquiring Bell...
After selling its bowling business, Brunswick Corp. is acquiring Bell Recreational Products, a U.S. supplier to the marine, recreational vehicle and powersports markets with annual sales of $40 million, which will report to its Mercury Marine unit
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Amer Sports is repurchasing up to one million of its...
Amer Sports is repurchasing up to one million of its own shares between Aug. 15 and Aug. 31, has on the authorization given by its board of directors last March 6
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News briefs
Mark King, the former chief executive of Taylormade Adidas Golf...
Mark King, the former chief executive of Taylormade Adidas Golf who was appointed at the helm of Adidas North America in April, has told American reporters that he wants to narrow the focus of the brand in terms of sports categories, and to have a more far-reaching involvement in the ...
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News briefs
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in...
Bondholders of Mitteldeutsche Fahrradwerke (Mifa), the largest bike manufacturer in Germany, have agreed to delay payment of interest on their bonds, originally scheduled for Aug. 12, until the presentation of a new business plan at end of October. They have appointed a Munich-based consultant, One Square Advisory Services, to negotiate ...
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News briefs
Black Diamond Equipment has announced the completion of its sale...
Black Diamond Equipment has announced the completion of its sale of Gregory Mountain Products to Samsonite for $84.1 million. The company has used $26.7 million out of the net proceeds of $68.4 million to pay off its credit facility. Knowledgeable officials have indicated to us that this is unlikely to ...
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News briefs
Exceed Company has once again announced a postponement of the...
Exceed Company has once again announced a postponement of the extraordinary shareholders' meeting to vote on a merger agreement that would lead to its chairman and chief executive, Shuipan Lin, taking over 64 percent control of the company, which trades in China under the Xidelong brand. First proposed last Dec. ...
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Columbia Sportswear has announced a two-for-one stock split
Columbia Sportswear has announced a two-for-one stock split
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The District Court in Kranj, in Slovenia, has reportedly launched...
The District Court in Kranj, in Slovenia, has reportedly launched debt restructuring proceedings at Alpina, which makes outdoor and skiing footwear as well as a wider range of urban shoes. It has accumulated debts worth €42 million, chiefly due to a management buyout. The company, based in the small eastern ...
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News briefs
Dennis Wilson, the founder of Lululemon Athletics, is attempting to...
Dennis Wilson, the founder of Lululemon Athletics, is attempting to regain control of the company, according to American press reports. The Wall Street Journal reported that Wilson was studying various options, together with Goldman Sachs. These include a buyout of the company but also a sale of Wilson's shareholding, placed ...
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News briefs
The Fenix Outdoor Group has formally moved to Baar in...
The Fenix Outdoor Group has formally moved to Baar in Switzerland and turned into Fenix Outdoor International AG, after a series of administrative and financial changes that were set in motion about two months ago. However, the company will continue to operate from Örnsköldsvik and it remains in the hands ...
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Samsonite International, the international luggage giant, which already purchased High...
Samsonite International, the international luggage giant, which already purchased High Sierra two years ago, has signed a definitive agreement to buy Gregory Mountain Products, a more technical and outdoor-oriented brand of backpacks, from Black Diamond Inc. Somewhat like Eastpak and JanSport, which are both owned by VF Corporation, the two ...
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News briefs
Patagonia is planning to transfer some of its European operations...
Patagonia is planning to transfer some of its European operations from its present European headquarters in the French town of Annecy to a new European office in Amsterdam. It also wants to open sales offices in London and Munich to be closer to its clients in two of its major ...
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Giant has announced that it will invest US$50 million in...
Giant has announced that it will invest US$50 million in new corporate headquarters with research and design buildings and state-of-the-art facilities. The Taiwanese company, which is recognized as the world's largest bicycle manufacturer, said it has already gained approval for the plan from the management of the Central Taiwan Science ...
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News briefs
Lino Dainese is reportedly planning to sell between 70 and...
Lino Dainese is reportedly planning to sell between 70 and 80 percent of the Italian high-tech protection company that bears his name after the summer, choosing one of the candidates for the acquisition. It will probably be a strategic investor. A business plan calls for an increase in Dainese's turnover ...
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Jarden Corporation's stable of sports brands continues to widen. Its...
Jarden Corporation's stable of sports brands continues to widen. Its K2 Sports subsidiary has signed an agreement for the takeover of an American brand of triathlon clothing, Squadra, and its business at an undisclosed price. Squadra started in 1996 as the U.S. licensee of Castelli, the Italian brand of bikewear. ...
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Accell Group is one of six companies listed on Euronext...
Accell Group is one of six companies listed on Euronext Amsterdam that are going to be allowed to use a new class of Spotlight Options. They will have short-term maturities of one, two or three months. Accell has been listed on Euronext Amsterdam since 1998 and joined the Amsterdam Midkap ...
