More corporate news – Page 120
-
News briefs
Specialty sporting goods and outdoor retailers in Germany and some...
Specialty sporting goods and outdoor retailers in Germany and some other countries are suffering from rising competition from pure online retailers like Zalando, a company that we generally cover only through Shoe Intelligence, our publication on the non-athletic shoe market, because of its emphasis on this sector. According to a ...
-
News briefs
Amer Sports reports that one of its shareholders, Varma Mutual...
Amer Sports reports that one of its shareholders, Varma Mutual Pension Insurance Company, has reduced its stake in the company to 3.02 percent. Amer also says that the number of treasury shares has increased to 983,587 as 1,000 shares that had been granted to employees as share-based incentives have been ...
-
News briefs
The Pryde Group has closed its subsidiary in France and...
The Pryde Group has closed its subsidiary in France and moved its operations to Germany. The French subsidiary had assumed the distribution of the Flow brand of snowboarding equipment in France, Benelux, Germany, Austria and Spain. The company will keep an office in Annecy, to market Flow products in the ...
-
Short stops
Bike Europe reports on the insolvency of Pantherwerke, a German bike...
Bike Europe reports on the insolvency of Pantherwerke, a German bike producer, adding information on the continuation of the manufacturing process through another company partly owned by the Schminke family
-
Short stops
Lenzing has received a loan of €100 million from the...
Lenzing has received a loan of €100 million from the European Investment Bank to support R&D and investments in new manufacturing capacities for its Tencel fibers
-
Short stops
Essilor International has reported the acquisition of Costa, the American...
Essilor International has reported the acquisition of Costa, the American sunglass manufacturer
-
Short stops
Alnisa Sport, distributor of Under Armour in Spain, is moving...
Alnisa Sport, distributor of Under Armour in Spain, is moving to new premises in Madrid
-
News briefs
Sports Direct International has resold a share of 4.6 percent...
Sports Direct International has resold a share of 4.6 percent that it had acquired in Debenhams, the big department store operation in the U.K. The British sporting goods and lifestyle retailer, which operates about 400 stores in the country and more and more in the rest of Europe, had bought ...
-
News briefs
Finn Carlsen, who ran Sport 2000 International between 2001 and...
Finn Carlsen, who ran Sport 2000 International between 2001 and 2004, will gradually become the new owner of two leading European recruitment consultancies, International Sports Marketing (ISM) and Sports Brokers (SB), and he will run both of them. Carlsen, who is now 59 years old, had bought half of the ...
-
News briefs
Head has extended once more the offer period for the...
Head has extended once more the offer period for the buyback of its shares until Feb. 7. It continues to propose payment of €1.90 per share if at least 19,214,042 are tendered. The company had initially given a deadline of Dec. 27, but only 15,908,018 shares were committed by then. ...
-
News briefs
Two well-known former sports champions are among the investors in...
Two well-known former sports champions are among the investors in Hyperice, one of the start-ups that won the right to a free stand at this year's Ispo Munich show in the context of the Ispo Brandnew Awards. They are Bixente Lizarazu, the former French International team player and defender for ...
-
News briefs
The North American subsidiary of Accell Group in Kent, Washington...
The North American subsidiary of Accell Group in Kent, Washington has integrated Seattle Bike Supply and Raleigh North America. The changes will raise the range of services that Accell North America will provide to independent bike dealers, including improved ease and efficiency in the processing of orders, stronger fill rates, ...
-
News briefs
Dorel Industries has announced that it will close its assembly...
Dorel Industries has announced that it will close its assembly and testing facility in Bedford, Pennsylvania towards the end of the year, and lay off 100 employees as part of a global restructuring of its Recreational/Leisure segment. The segment owns the Cannondale, Schwinn, GT, Mongoose and Sugoi bike brands. Operations ...
-
News briefs
Sugoi Performance Apparel, a brand of Dorel Industries, has acquired...
Sugoi Performance Apparel, a brand of Dorel Industries, has acquired Sombrio, the mountain bike and lifestyle apparel brand with Freeride at its core. The purchase price was not disclosed. Sombrio was founded in 1998 by Dave Watson, an early pioneer of Vancouver's North Shore gravity-fueled Freeride movement. For Sugoi, the ...
-
News briefs
Hero Cycles, the Indian bicycle manufacturer, is building a new...
Hero Cycles, the Indian bicycle manufacturer, is building a new plant in the state of Bihar, in India's northeast. The investment is worth nearly INR370 million (€4.3m-$5.9m) and is supposed to allow for the production of one million bicycles per year, expandable by 50 percent after two or three years. ...
-
News briefs
Head, which is the parent company of Mares, has acquired...
Head, which is the parent company of Mares, has acquired Scuba Schools International (SSI), an ISO-certified provider of teaching material and education concepts for scuba diving instructors. Using 30 languages, it offers its services to some 2,600 diving schools and resorts in 110 countries. Founded in 1970 in Schwarzenbruck, Germany, ...
-
News briefs
Jones Global Sports, the owners of the golf brand Bobby...
Jones Global Sports, the owners of the golf brand Bobby Jones, has announced that as from Dec. 2013, the design and sourcing departments for the brand have become internally managed. The move aims at helping execute purchases more efficiently and make it easier for the company to adhere closely to ...
-
News briefs
Nano-Tex has been acquired by Crypton Fabrics from private equity...
Nano-Tex has been acquired by Crypton Fabrics from private equity and venture capital investors. Sellers included WL Ross and Co. LLC, Norwest Venture Partners, Masters Capital Nanotechnology Fund, Firelake Capital Management and Masters Capital Management. Nano-Tex employs a proprietary nanotechnology approach to enhance textiles that provides permanent performance attributes such ...
-
News briefs
Trek Bicycle has acquired Electra Bicycle Company for an undisclosed...
Trek Bicycle has acquired Electra Bicycle Company for an undisclosed amount. The move will expand Trek's market share in the cruiser and leisure market while Electra will benefit from Trek's financial, supply chain, distribution, and sales support. The Electra brand will continue to be managed and marketed out of its ...
-
News briefs
Sympatex Holding has completed the sale of bonds worth €13...
Sympatex Holding has completed the sale of bonds worth €13 million, with a coupon of 8 percent and maturing in five years' time. They are trading on the Open Market of the Deutsche Börse. The management says that 30 percent of the proceeds will be invested in product development and ...
