More corporate news – Page 116
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News briefs
Carlyle, the private equity fund, has divested its remaining 7.13...
Carlyle, the private equity fund, has divested its remaining 7.13 percent interest in Moncler for €215 million, selling more than 17.8 million shares at a unit price of €12.04. That is 0.5 percent higher than the closing price of the previous day, but then Moncler's share price has fallen by ...
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Jarden Corporation has set the pricing for a €300 million...
Jarden Corporation has set the pricing for a €300 million bond offering that it is placing with qualified institutional investors and buyers outside the U.S. The notes will pay a semi-annual interest of 3.75 percent and mature on Oct. 1, 2021. They will be guaranteed by some of Jarden's U.S. ...
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ISA TanTec, a German-owned tannery supplying top footwear brands globally,...
ISA TanTec, a German-owned tannery supplying top footwear brands globally, is setting up its first leather manufacturing facility in the U.S. The site will be located in Vicksburg, Mississippi and the project will be known as Mississippi TanTec Leather. ISA TanTec currently has operations in Saigon, Vietnam and Heshan City, ...
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Hanesbrands has signed a deal for the acquisition of DBA...
Hanesbrands has signed a deal for the acquisition of DBA Apparel, a French producer of intimate apparel, underwear and hosiery, forming one of the largest groups in the sector, with an annual turnover of nearly $6 billion. The deal values DBA at €400 million, or 7.5 times annual earnings before ...
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News briefs
Exceed Company of China has once again adjourned an extraordinary...
Exceed Company of China has once again adjourned an extraordinary shareholders' meeting to approve a merger that would transfer full ownership to its chairman and chief executive, Shuipan Lin. It is now planned for July 29 in Hong Kong, after obtaining additional financing of US$5 million. A June 26 announcement ...
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News briefs
Dorotennis, the French brand of women's activewear, has been placed...
Dorotennis, the French brand of women's activewear, has been placed in liquidation. Founded in 1977, it has gone through several changes of ownership in the last twenty years, each time without any spectacular results. It was bought in 1995 by Fila and then, five years later, by an equity fund, ...
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News briefs
Performance Sports Group (PSG), the company based in Exeter, New...
Performance Sports Group (PSG), the company based in Exeter, New Hampshire that was previously called Bauer Performance Sports, raised about $126.5 million in a secondary offering of 8,1561,291 shares in the U.S. and Canada, after exercising an over-allotment option. It sold the shares at $15.50 each, but they were valued ...
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News briefs
Callaway Golf is refinancing its $230 million asset-based revolving credit...
Callaway Golf is refinancing its $230 million asset-based revolving credit on better conditions, keeping the size of the credit facility. As of March 31, the company had $141 million outstanding under its present arrangement.
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Short stops
Wiggle, the British online cycling and sporting goods store controlled...
Wiggle, the British online cycling and sporting goods store controlled by Bridgepoint, is reportedly considering a public offering on the London Stock Exchange
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Short stops
Sports Direct International denies a report that it is bidding...
Sports Direct International denies a report that it is bidding for Office, the British chain of shoe stores, but buys a 4.8 percent stake in MySale, the Australian online fashion retailer
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News briefs
ANWR Group, the biggest German and European cooperative of independent...
ANWR Group, the biggest German and European cooperative of independent shoe retailers, has taken over Tom Holding, the holding company of Schuh & Sport Mücke Group, a Bavarian discount shoe and sporting goods retail chain, and its eleven stores in Bavaria. Schuh and Sport Mücke recorded sales of about €100 ...
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News briefs
The Danish Bestseller Group, which owns Jack & Jones and...
The Danish Bestseller Group, which owns Jack & Jones and other fashion brands, has made a new investment in internet retailing by taking over M & M Direct for £140 million (€174.8m-$237.2m). M&M is a major U.K.-based retailer of discounted fashion, footwear and sports products that is projecting sales ...
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News briefs
We have already reported that Zalando may go public on...
We have already reported that Zalando may go public on the stock exchange. Rocket Internet, one of the major shareholders of Zalando and other fashion websites around the world, has now mandated three investment consultants - Berenberg, JP Morgan Chase and Morgan Stanley - to study the possibility of launching ...
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News briefs
Bauer Performance Sports is changing its name again to Performance...
Bauer Performance Sports is changing its name again to Performance Sports Group, in connection with a $110 million secondary offering of new shares in the U.S. and Canada, intended to repay some of the money borrowed for its recent $330 million acquisition of Easton's baseball and softball business. For the ...
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News briefs
The British Halfords Group has acquired the Boardman bike business...
The British Halfords Group has acquired the Boardman bike business launched by Chris Boardman, former Olympic and Tour de France cyclist. Halfords already has an exclusivity deal to sell the Boardman Performance Series in the U.K. and Ireland while the Boardman Elite Series is sold at selected independent cycling retailers ...
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News briefs
Blake Mycoskie, who founded Toms Shoes in 2006, is looking...
Blake Mycoskie, who founded Toms Shoes in 2006, is looking for investors to take over his company, which may be worth as much as $600 million in spite of its generous “one for one” donations of shoes and eyewear, according to the Financial Times. The goal is to make the ...
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News briefs
The board of Exceed, the Chinese sporting goods company, has...
The board of Exceed, the Chinese sporting goods company, has decided to delay once again a merger deal initially proposed last Dec. 2 to allow its chairman, Shuipan Lin, to complete the financing of the transaction. The new deadline is June 20. After the merger, Lin's stake would increase from ...
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Short stops
Implus is taking over FitDeck, an American system of playing...
Implus is taking over FitDeck, an American system of playing cards – both physical and digital – which is said to make physical exercise simpler, more convenient and fun
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News briefs
Mike Ashley is said to be planning a big move...
Mike Ashley is said to be planning a big move into the gym business through the likely acquisition of about 30 clubs operated by LA Fitness in the U.K. The controlling shareholder of Sports Direct International would thus emulate the strategies implemented by his rival, Dave Whelan, many of whose ...
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News briefs
Bregal Partners, which acquired Shock Doctor in March this year,...
Bregal Partners, which acquired Shock Doctor in March this year, and Michael Magerman, a consumer industry veteran, have announced that they are partnering to invest in enthusiast consumer brands. Bregal has committed $100 million to future investments, targeting product companies with authentic consumer brands that resonate with passionate consumers. In ...
