More corporate news – Page 122
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News briefs
Shimano Europe Holding will start a new company to represent...
Shimano Europe Holding will start a new company to represent Shimano in Turkey, for both bike and fishing products, from Jan. 1, 2014. Shimano Menat, the name of the new subsidiary, will be based in Istanbul. Cooperation will continue in the country with two long-standing partners of the company: ...
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Adidas has decided to stop marketing SLVR, its premium fashion...
Adidas has decided to stop marketing SLVR, its premium fashion brand of clothing and footwear, after the current autumn/winter collection. It had been showing the line, introduced at the beginning of 2009, at various fairs. Starting in spring 2014, Adidas will come up with a new approach for sophisticated sportswear ...
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The Greenmaster Group from Taiwan is reorganizing its European business...
The Greenmaster Group from Taiwan is reorganizing its European business by setting up Greenmaster Europe, with a new structure intended to make it more efficient. It will take the place of Green Fitness, a seven-year-old company in Germany in which Erik von Delius was a partner. He also became its ...
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After completing the previously reported sale of its snowboard subsidiary,...
After completing the previously reported sale of its snowboard subsidiary, Mervin Manufacturing, for $58 million, Quiksilver has used a portion of the proceeds to acquire the minority interests in its high-growth operations in Brazil and Mexico. It has also arranged a three-year, €60 million European credit facility with Eurofactor. ...
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Kevin Plank, chief executive and founder of Under Armour, plans...
Kevin Plank, chief executive and founder of Under Armour, plans to sell off gradually 1,125,000 of his own shares in the company and 125,000 others that are in the hands of his charity foundation over a ten-month period, starting next February. The shares would be worth around $92 million. Plank, ...
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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 ...
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Ploucquet, an affiliate of Sympatex Holding in Germany, will move...
Ploucquet, an affiliate of Sympatex Holding in Germany, will move all activities to its production site in Zittau. In addition to the existing “Tection” division, which covers technical textiles and applications, all the activities of the “Textiles” business area, which also includes fashion textiles, will also be operated in Zittau, ...
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Fred Perry has reportedly taken over Levenham, a British supplier...
Fred Perry has reportedly taken over Levenham, a British supplier of equestrian clothing and equipment
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Punch Power, a French sports nutrition company, has reportedly acquired...
Punch Power, a French sports nutrition company, has reportedly acquired Care, a French supplier of stationary bicycles and other fitness equipment
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JD Sports Fashion, which already operates 81 Blacks and 76...
JD Sports Fashion, which already operates 81 Blacks and 76 Millets outdoor stores in the U.K., is acquiring a controlling stake in Tiso Group, the largest outdoor retailer in Scotland, from the Tiso family, which will continue to be involved with a minority stake. Chris Tiso will remain as chief ...
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A new round of financing has provided the German-based 21sportsgroup...
A new round of financing has provided the German-based 21sportsgroup with sufficient working capital to finance its purchases until 2016, according to a press release by the company, which says that this is also going to improve profitability because of the discounts generally granted by suppliers on pre-orders. Further details ...
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News briefs
Fletcher Leisure Group of Canada has been placed in receivership....
Fletcher Leisure Group of Canada has been placed in receivership. The company owns the Sunice label and is the golf apparel licensee for AUR, Tommy Hilfiger and Bridgestone. Reports indicate that Fletcher's receiver, PriceWaterhouseCoopers, is about to sell some of the assets to an unnamed strategic investor. Fletcher dismissed 55 ...
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Under Armour is paying $150 million for the takeover of...
Under Armour is paying $150 million for the takeover of MapMyFitness, a company in its hometown of Baltimore whose digital fitness platform has more than 20 million users. It allows them to track and share their progress in running and other fitness activities through the social media. Under Armour, which ...
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News briefs
Moncler has sold its sportswear division to Cavaliere Brands, a...
Moncler has sold its sportswear division to Cavaliere Brands, a company indirectly controlled by Emerisque Brands, a global investor that operates mainly in the U.K., the U.S. and Hong Kong. Moncler's sportswear division includes the Marina Yachting, Henry Cotton's, Coast Weber & Ahaus brands as well as the license for ...
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Callaway Golf has redeemed all its 7.5 percent Series B...
Callaway Golf has redeemed all its 7.5 percent Series B convertible preferred shares. Of those, 183,496 were converted into 2,602,770 ordinary shares and the 300 others were redeemed for $30,356.25.
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News briefs
Amer Sports has issued a bond worth 750 million Swedish...
Amer Sports has issued a bond worth 750 million Swedish kronor (€85.4m-$115.4m) to institutional investors, with a floating rate and a loan period of five years. It will use the bond for the repayment of loans and general corporate purposes. Nordea Markets acted as the sole book-runner for the bond, which ...
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Amer also reports that a total of 19,109 shares granted...
Amer also reports that a total of 19,109 shares granted as share-based incentives were returned to Amer Sports on Nov. 7 in accordance with the terms of an incentive plan as the employment of their holders came to an end. Amer holds now a total of 982,587 shares of its ...
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Kohlberg Management has reduced its stake in Bauer Performance Sports...
Kohlberg Management has reduced its stake in Bauer Performance Sports to 10.3 percent following the sale of 6,325,000 shares including an over-allotment option, which netted proceeds of 76.9 million Canadian dollars (€54.5m-$73.5m)
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Sram's exclusive distributor, Kalnai Sports, has applied for insolvency proceedings...
Sram's exclusive distributor, Kalnai Sports, has applied for insolvency proceedings
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Quiksilver reports the sale of its snowboard manufacturing operations to...
Quiksilver reports the sale of its snowboard manufacturing operations to Extreme Holdings for an undisclosed amount of cash, as part of a profit improvement plan announced last May. The operations consist of Mervin Manufacturing and its Gnu and Lib Tech brands. Extreme Holdings is described as a company “advised” by ...
