More corporate news – Page 124
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News briefs
Nike was promoted on Sept. 20 to the Dow Jones...
Nike was promoted on Sept. 20 to the Dow Jones Industrial Average, the star index of the New York stock exchange, along with Goldman Sachs and Visa. They take the place of Hewlett-Packard, Bank of America and Alcoa.
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Puma's listing on the Frankfurt stock exchange has moved from...
Puma's listing on the Frankfurt stock exchange has moved from the MDax index to the SDax index for smaller German firms. The demotion has been explained by a 7 percent drop in the company's stock market capitalization in the last 12 months and the fact that less than 20 percent ...
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Adidas has been selected for the 14th consecutive year to...
Adidas has been selected for the 14th consecutive year to be listed on the Dow Jones Sustainability Index, which tracks the performance of globally operating companies in terms of sustainable business conduct, eco-friendliness and social responsibility. The Three Stripes was rated as industry leader in the category of textiles, apparel ...
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A Swedish online sporting goods retailer, Sportamore, has announced its...
A Swedish online sporting goods retailer, Sportamore, has announced its intention to broaden its ownership through a public offering. It is aiming for a listing on the Nasdaq OMX small-cap exchange in 2014. If the proposal is voted through, the general public in Sweden will be offered a maximum of ...
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The initial public offering for Moncler is now slated for...
The initial public offering for Moncler is now slated for Dec. 9. The Italian company is reportedly seeking a valuation of €2.3 billion for 100 percent of its capital, but only 25 percent of it would be offered to the public. Meanwhile, Luciano Santel is leaving as president and managing ...
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News briefs
Head and HTM Sports have raised their new bond offer...
Head and HTM Sports have raised their new bond offer from €45 million to €60 million, following additional demand from investors. HTM, which is a subsidiary of Head, will hold an amount of €6.5 million. The bond, which was issued in Switzerland by HTM in behalf of both companies on ...
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Johnson Outdoors has announced the replacement of its revolving credit...
Johnson Outdoors has announced the replacement of its revolving credit facility with a streamlined capital structure, reducing annual borrowing costs. The new debt financing includes a cash flow-based loan agreement, with fewer financial covenants and simplified reporting requirements compared with the previous asset-based facility. The revolving credit facility provides financing ...
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News briefs
Manchester United's owners have set in motion the possible sale...
Manchester United's owners have set in motion the possible sale of up to 23 million of their shares, worth up to $400 million. The shares are being offered through Red Football LLC, the investment vehicle of the U.S.-based Glazer family, which has owned United since 2005. The news followed the ...
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News briefs
Tern has secured a US$4.3 million round of funding from...
Tern has secured a US$4.3 million round of funding from private investors. The two-year old company, which specializes in bicycles and accessories for urban transport, said that it will use the funding to accelerate global expansion and to increase investments in product development. The founder, Joshua Hon, and his mother, ...
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News briefs
New Balance has just started the construction of a complex...
New Balance has just started the construction of a complex hosting its future world headquarters and other facilities in the Allston-Brighton area of Boston, at the western edge of the city. Boston's mayor, Thomas Menino, and the chairman of New Balance, Jim Davis, broke ground for the complex on Sept. 23. ...
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Short stops
GoPro, a maker of high-definition action cameras with annual revenues...
GoPro, a maker of high-definition action cameras with annual revenues reported to be around $80 million, is said to be considering a public offering
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Short stops
Sequential Brands Group, owner of Heelys and other brands, has...
Sequential Brands Group, owner of Heelys and other brands, has begun trading on the Nasdaq stock exchange
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News briefs
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders...
Intersport PSC Holding, the Swiss licensee of Intersport, warns shareholders that it will have to book extraordinary losses for the current financial year due to the failure of negotiations to take over some of the assets of a major client and partner, which is understood to be Universal Sport. The ...
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Foot Locker has completed its previously announced acquisition of Runners...
Foot Locker has completed its previously announced acquisition of Runners Point Group, the German-based specialty athletic retailer, with effect from July 7. With a total turnover of €197 million in 2012, the group operates a good e-commerce platform and more than 200 athletic sports stores under the Runners Point and ...
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News briefs
Sports Direct International has completed the placement of 17.0 million...
Sports Direct International has completed the placement of 17.0 million ordinary shares by the Sports Direct Employee Benefit Trust, representing about 2.84 percent of the company's share capital, at a price of 660 pence per share. Sports Direct's employees had decided to sell them as a portion of those that ...
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News briefs
Sergio Tacchini plans to close down its last remaining store...
Sergio Tacchini plans to close down its last remaining store at the end of September as part of its transformation into a brand management and licensing company. The store is located in Gallarate, near Milan. The company has already shut down its factory outlet and its showroom in the area ...
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News briefs
IMG Worldwide has acquired J. Patton Sports Marketing, a leading...
IMG Worldwide has acquired J. Patton Sports Marketing, a leading provider of brand protection and brand management solutions specializing in patented holographic security technologies and digital asset management. Based in the metropolitan area of Atlanta, Georgia, J. Patton develops solutions that help fight against counterfeiting, tampering and product diversions. IMG ...
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News briefs
A fire damaged property, equipment and inventories in three factories...
A fire damaged property, equipment and inventories in three factories operated by Yue Yuen in Serang, Indonesia, on July 8. The blaze was brought under control within three hours and nobody was injured, but the company said in a statement that this may delay its deliveries. The production has been ...
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News briefs
According to its annual report, Nike made more Nike branded...
According to its annual report, Nike made more Nike branded footwear in Vietnam than in China during its latest financial year, ended last May 31. It sourced 42 percent of the volume from Vietnam as compared to 30 percent in China and 26 percent from Indonesia. The report also showed ...
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News briefs
Bike Europe reports that Ideal Bike Corporation is preparing to...
Bike Europe reports that Ideal Bike Corporation is preparing to shift its production for European Union (EU) markets from Taiwan to China, after it obtained an exemption on anti-dumping duties of 48.5 percent for imports of assembled bicycles from China into the EU. Ideal, the third-largest Taiwanese bicycle producer, opened ...
