More corporate news – Page 127
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PPR, the French-based parent company of Puma and Volcom, is...
PPR, the French-based parent company of Puma and Volcom, is now listed on the Euronext stock exchange as KER. The company's annual shareholders meeting on June 18 is set to change the company's name to Kering.
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Billabong International again halted trading in its shares on the...
Billabong International again halted trading in its shares on the Australian Securities Exchange last May 7, pending a new announcement regarding the sale of the company, but none has been made to this date. The Australian Financial Review said that the struggling surfwear company may be exploring a new refinancing ...
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Three banks have been reported, in the last few days,...
Three banks have been reported, in the last few days, as shareholders with more than 5 percent of the Adidas Group, a threshold that requires publication under German stock market rules. Two of the holdings were reported by the company as having risen above 5 percent on Monday: Commerzbank increased ...
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SmartGuy, a 13-year-old Danish company that sells fashion and sports...
SmartGuy, a 13-year-old Danish company that sells fashion and sports clothing over the internet through the website SmartSport.dk, has reportedly purchased a German online sporting goods retailer, Sportprofi.de. The deal cost SmartGuy 8 million Danish kroner (€1.1m-$1.4m) for the German operation, which is expected to generate annual sales of between ...
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Brunswick Corp., parent company of Life Fitness, plans to sell...
Brunswick Corp., parent company of Life Fitness, plans to sell $150 million worth of senior notes, due in 2021, in a private placement with qualified institutional buyers. The net proceeds of the offering and cash on hand would be used to finance the redemption of all of the company's senior ...
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Li & Fung is contemplating the acquisition of Marina Yachting,...
Li & Fung is contemplating the acquisition of Marina Yachting, Henry Cotton's and other secondary brands of the Moncler group in association with the Argos Sotidic fund, according to Il Mondo. The Italian weekly magazine says that Moncler would then go public at the end of this year, with the ...
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Orvis has announced that it will acquire the Scientific Anglers...
Orvis has announced that it will acquire the Scientific Anglers and Ross Reels businesses from 3M. Upon completion of the transaction, the terms of which were not disclosed, Orvis plans to continue to operate these businesses independently. Orvis will not carry Scientific Anglers-branded fly lines in its catalog, stores or ...
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Dynafit is establishing a research and development center in Åre,...
Dynafit is establishing a research and development center in Åre, Sweden called the Dynafit Development Centre Åre. Dynafit will share offices in the Alpine National Arena with Åre's National Winter Sports Center, which provides access to cutting-edge research opportunities and the possibility to test products right on the slopes. Fredrik ...
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Swix Sport is diversifying into the counter-seasonal market of roller...
Swix Sport is diversifying into the counter-seasonal market of roller skis. The Norwegian company, known for its ski poles and other products, has bought the rights to Pro-Ski, a Swedish brand of roller skis. The line will continue to be manufactured at the Sternes Specialfabrik factory in Dala-Järna, Sweden. Swix ...
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A court in Barcelona has accepted the voluntary bankruptcy of...
A court in Barcelona has accepted the voluntary bankruptcy of Vilella Sports, the former Spanish distributor of Mizuno. According to a report in Tradesport, the Japanese company had broken the relationship last January, claiming delays in payments, and is now planning to set up its own subsidiary in the country, ...
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Canada Goose is on the lookout for new equity investors...
Canada Goose is on the lookout for new equity investors through a Canadian investment bank, Canaccord, says Reuters. The family-owned firm is apparently seeking new equity to support its strong growth, especially in the lifestyle segment of the market. For example, its sales in Germany have grown by 500 percent ...
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Nike has raised $1 billion through two bond offerings, stating...
Nike has raised $1 billion through two bond offerings, stating that it may use them to pay for capital expenditures, share buybacks or acquisitions. One $500-million bond issue carries annual interest of 2.25 percent and a ten-year maturity, while the other pays 3.625 percent interest over a 30-year time span. ...
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Billabong International has announced a ten-day extension until May 8...
Billabong International has announced a ten-day extension until May 8 of a deadline previously set for completion of negotiations with Sycamore Partners and Paul Naude, Billabong's former top executive for the Americas, about their latest, reduced takeover offer of the equivalent of 287 million Australian dollars (€226.9m-$296.7m). An analyst at ...
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Fenway Partners, which created the world's 13th largest sports equipment...
Fenway Partners, which created the world's 13th largest sports equipment company with the acquisition of Riddell in 2003, Bell Sports in 2004 and Easton Sports in 2006, has reportedly hired a financial advisor to help find new owners for all or parts of the combined operation, called Easton-Bell Sports. The ...
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A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a...
A Nike-backed waterless-dyeing company, DyeCoo Textile Systems, recently gained a significant new investor in Ikea GreenTech, a venture capital division of the Swedish retailer. In February 2012, Nike announced that it would invest in DyeCoo Textile Systems, a Dutch company that developed the first commercially available waterless dyeing technology. DyeCoo's ...
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Erhard Sport, the German producer of sports equipment for gyms...
Erhard Sport, the German producer of sports equipment for gyms and other sports facilities, has filed for bankruptcy. The receiver's office announced that the company remains operational with its 220 employees, however. The large number of its subsidiaries across Europe plus distribution companies in the U.S., South Africa and Qatar ...
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We had reported in the Compass on Feb. 21 that...
We had reported in the Compass on Feb. 21 that Tecnica Group was exploring the possibility of selling its controlling stake in Lowa, after receiving an expression of interest from an unnamed investor. Last week, the new chief executive of Tecnica Group, Peter Weaver, officially announced to us that ...
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Dosenbach-Ochsner, the large Swiss sporting goods and shoe retailer owned by Deichmann...
Dosenbach-Ochsner, the large Swiss sporting goods and shoe retailer owned by Deichmann that holds a European license for the Fila brand, has signed a distribution contract with Footwear International Distribution, a subsidiary of the Dutch Unlimited Sports Group (USG) group, for the sale of Fila branded lifestyle footwear in the same territory ...
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Moncler has reportedly decided to spin off Marina Yachting, Henry...
Moncler has reportedly decided to spin off Marina Yachting, Henry Cotton and other secondary sportswear brands into a separate subsidiary, which may be divested prior to a public offering by the end of this year. The Moncler group raised its sales by 22 percent to €624 million in the past ...
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Lacoste has decided to reorganize its apparel production for the...
Lacoste has decided to reorganize its apparel production for the Spanish market by assigning it to Devanlay, the company's global licensee for apparel. The deal is effective from the beginning of 2015. The move will have a significant impact on Basi, the Catalonian-based company that has been Lacoste's apparel production ...
