More corporate news – Page 126
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News briefs
Acting through a subsidiary in Singapore, Shimano is investing about...
Acting through a subsidiary in Singapore, Shimano is investing about $36 million to set up a factory in the Philippines for the local market. It is expected to go into operation at the end of 2014.
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Gazelle has announced that it will build a new plant...
Gazelle has announced that it will build a new plant at its current location in Dieren, Netherlands, requiring an investment of more than €10 million. The news, reported by Bike Europe, comes after rumors that the Dutch bicycle manufacturer, part of Pon Holdings, would relocate its production facilities. The current ...
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Puma has announced the construction of a new central distribution...
Puma has announced the construction of a new central distribution center for the Nordic region in Sweden, centralizing the current warehouses of Puma, Cobra Puma Golf and Tretorn in the area. Located in Helsingborg, in the industrial estate of Berga, the facility will be an expansion of the local head ...
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Short stops
Spyder Active Sports has started up an new distribution facility...
Spyder Active Sports has started up an new distribution facility in Kent, Washington for products sourced in the Far East and dispatched to U.S. and Canadian customers
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News briefs
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and...
Lululemon Athletica, the fast-growing Canadian company specializing in yoga and women's activewear, has served notice that it will delist from the Toronto Stock Exchange, but it will continue to be listed on Nasdaq in the U.S. The announcement coincided with the news that the company's chief executive, Christine Day, will ...
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News briefs
Eilers Sport, which is described by Sport Partner as the...
Eilers Sport, which is described by Sport Partner as the oldest sports distribution company in the Netherlands, is to be taken over by French partners. Eilers is a wholesaler selling specialist team sports and other products to retailers, from brands like Mikasa, Easton, Toalson, Porter, Ihsan and Trial, among others. ...
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News briefs
Skullcandy is closing its office in San Clemente, California, and...
Skullcandy is closing its office in San Clemente, California, and offering positions to most of its staff of 30 people at its headquarters in Park City, Utah. The closure has led to the resignation of the company's chief financial officer, Kyle Westcoat. Separately, Sam Paschel, former executive vice president of ...
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News briefs
Jarden Corporation has placed $250 million worth of convertible notes,...
Jarden Corporation has placed $250 million worth of convertible notes, carrying interest of 1.5 percent a year and due in 2019, with a syndicate of investors headed by Barclays Capital and J.P Morgan. The investors have also exercised an option to purchase an additional $15.2 million at the same conditions. ...
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News briefs
Onex Corp. has completed the acquisition of Nielsen Expositions from...
Onex Corp. has completed the acquisition of Nielsen Expositions from Nielsen Holdings for $950 million cash.
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The business has been renamed Emerald Expositions. It will continue...
The business has been renamed Emerald Expositions. It will continue to organize the Outdoor Retail and Interbike
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shows in the U.S., among others. will continue to be...
shows in the U.S., among others. will continue to be headquartered in San Juan Capistrano, California.
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Short stops
Bob Meers, a former head of the Reebok brand and...
Bob Meers, a former head of the Reebok brand and former CEO of Lululemon, has taken over Alignmed, a company that claims to have a developed a proprietary touch/tension technology, Neuroband, that stimulates muscles and nerves to improve posture and balance
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Shareholders of the former PPR group have given their final...
Shareholders of the former PPR group have given their final approval to its name change to Kering
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Dakine is moving to new and larger headquarters in Hood...
Dakine is moving to new and larger headquarters in Hood River, Oregon, closer to vanues for hiking, windursfing, kiteboarding and SUP
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News briefs
According to The Australian Review, Billabong is considering the sale...
According to The Australian Review, Billabong is considering the sale of West 49, the Canadian-based action sports retail chain it acquired in mid-2010 for about $93 million, to help refinance itself. Since the takeover, West 49 has been downsized from 138 mall stores to 70, not including six locations operating ...
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News briefs
Christian Tourres, member of Adidas Group's supervisory board and former...
Christian Tourres, member of Adidas Group's supervisory board and former partner of the late Robert Louis-Dreyfus at the top of its executive board, cashed in €2.85 million a few days ago by selling 32,710 shares at a price of €87.00 each. He was taking advantage of record high values for ...
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News briefs
Waitt Co., a Omaha-based investment company, owner of a number...
Waitt Co., a Omaha-based investment company, owner of a number of sports brands, has announced the acquisition of the Bobby Jones golf brand from W-Diamond Group. The agreement gives Waitt a long-term license for the exclusive use of the brand globally for apparel, golf equipment and related products. The terms ...
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News briefs
Erima has established a new subsidiary for the Danish market,...
Erima has established a new subsidiary for the Danish market, targeting an annual turnover of €2 million within the next five years. It will be directly steered by the controlling shareholder of the German team sports apparel company, Wolfram Mannherz. He will work with Thomas Liebsch, responsible for sales and ...
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News briefs
IC Companys, the Danish-based parent company of Peak Performance, is...
IC Companys, the Danish-based parent company of Peak Performance, is to sell its Jackpot and Cottonfield brands to the Danish Coop, one of country's leading consumer goods retailers. The move is part of a process of simplifying its business model, in line with the corporate strategy it had previously announced. ...
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News briefs
El Corte Inglés, which is the largest department store group...
El Corte Inglés, which is the largest department store group in Europe and one of the largest retailers of sports products in Spain, has announced plans to restructure debts of about €5 billion with banks and various other financial institutions in Spain and abroad, taking advantage of the current low ...
