More corporate news – Page 128
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News briefs
Accell Group is adapting its organization in the Netherlands, following...
Accell Group is adapting its organization in the Netherlands, following the decline of the bicycle market in the country. The Dutch group has decided to merge the production of bikes for Batavus and Sparta at the Heerenveen site. The production for Sparta is currently located in Apeldoorn. In addition, the ...
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News briefs
TaylorMade Golf Company plans to open a golf ball manufacturing...
TaylorMade Golf Company plans to open a golf ball manufacturing plant in Liberty, 28 miles east of its facility in Westminster, South Carolina. The 12,000-square-foot plant, in 25 acres, is expected to allow better material flow and reduced cost per unit. The current plant produces around 72,000 balls per day ...
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News briefs
Shock Doctor Sports has been recognized by Microsoft with the...
Shock Doctor Sports has been recognized by Microsoft with the 2013 Technology Innovation Award in the Small Business category. The award recognizes a company with fewer than 1,000 employees that has achieved measurable success in transforming its IT footprint by using Microsoft Dynamics. In partnership with Tribridge, a U.S.-based IT ...
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News briefs
Deckers Outdoor Corporation, the owner of a wide range of...
Deckers Outdoor Corporation, the owner of a wide range of footwear brands, including Ugg, Teva, Ahnu and Tsubo, reports that it has taken over the Hoka One One brand completely after acquiring a minority stake last July. The French brand of trail running shoes was originally launched by Jean-Luc Diard, a ...
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News briefs
Jan Toye, a major player in the Belgian beer industry,...
Jan Toye, a major player in the Belgian beer industry, is the new majority shareholder of Eddy Merckx Cycles, the bicycle company founded by the famous Belgian bicycle racer. Toye has acquired the shares controlled by Joris Brantegem, the founder of the Brantano retail chain, lifting Toye's stake in Eddy ...
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Short stops
A French court has pronounced the liquidation of Sunn, a...
A French court has pronounced the liquidation of Sunn, a French brand of mountain bikes that had come back to the market for a short period one year ago
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News briefs
The Lafuma Group has warned that its business is suffering...
The Lafuma Group has warned that its business is suffering a substantial decline, which will significantly affect its results and the worth of its assets for the current fiscal year, running until the end of September. The French outdoor and action sports company said that in this context, its supervisory ...
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News briefs
Billabong International halted trading in its shares on March 21...
Billabong International halted trading in its shares on March 21 after a 14.2 percent drop in the share price to 69.5 Australian cents. The two bidders, VF Corp. and Altamont Capital Partners, have both made an indicative offer to buy all the shares at a price of A$1.10, making it ...
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News briefs
Swedish newspapers have reported that Usports, the national sporting goods...
Swedish newspapers have reported that Usports, the national sporting goods retail chain launched in 2011 with the opening of a 5,000 square meter store in Malmö, has filed for bankruptcy. The retailer has three large stores in Malmö, Sundsvall and Västerås and it intended to open about 20 stores around ...
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News briefs
Martijn Nelissen, chief executive of Sport Services Europe, has confirmed...
Martijn Nelissen, chief executive of Sport Services Europe, has confirmed that the company has been allowed to start afresh after its bankruptcy earlier this month. Sport Services is the company behind the operations for the Rucanor brand, which was itself lodged in another entity for fiscal purposes. Sport Services filed ...
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News briefs
Bench and its sister brand, Hooch, are reportedly for sale...
Bench and its sister brand, Hooch, are reportedly for sale again. Their owner, Americana, has mandated an investment company, Canaccord Genuity, to carry out a strategic review, according to the Sunday Times. Run by Peter McGuigan, the former top executive of Reebok and former shareholder of Umbro International, Americana was ...
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News briefs
Sports Direct International, the largest sporting goods retailer in the...
Sports Direct International, the largest sporting goods retailer in the U.K., announced the takeover of some of the stores, assets and brands of Republic, one of the major young fashion retailers in the U.K., from its judicial administrators. Included in the takeover package are 114 out of the 121 Republic stores, substantially ...
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News briefs
Sports Direct International (SDI) has confirmed that Mike Ashley reduced...
Sports Direct International (SDI) has confirmed that Mike Ashley reduced his stake in the company from 68.6 percent to 64.4 percent. He previously owned up to 71 percent of the company that he founded, but his stake was diluted because of employee bonus schemes. Ashley reportedly sold the shares at ...
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News briefs
Iconix Brand Group, which recently purchased Umbro International and other...
Iconix Brand Group, which recently purchased Umbro International and other companies, has announced a proposed private placement of $325 million worth of convertible senior subordinate notes with selected shareholders. The initial purchaser of the notes will also be granted a 30-day option to acquire an additional $50 million worth of ...
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News briefs
Intersport France is taking over a French factory to assemble...
Intersport France is taking over a French factory to assemble there about 200,000 bicycles annually under its private Nakamura label for distribution on the French market. Operational levels should soon be extended to 300,000 units, and some production may be sold at Intersport stores in other countries at a later ...
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News briefs
MGM SpA, which already owns Trezeta and licenses Fila inline...
MGM SpA, which already owns Trezeta and licenses Fila inline skates, has taken over Kayland, another Italian outdoor shoe brand held since 2005 by Novation. The two brands are positioned differently: While Trezeta specializes in hiking boots and other low-mountain footwear, Kayland is a more technical high-mountain brand, and it ...
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News briefs
Amer Sports has transferred 182,874 shares to the personnel involved...
Amer Sports has transferred 182,874 shares to the personnel involved in its restricted and performance plans, taking them from its own pool of treasury shares. This leaves Amer Sports with 545,979 shares, plus 12,125 more owned through Amer Sports International. Separately, Anssi Vanjoki and Ilkka Brotherus have been confirmed as ...
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News briefs
Luxottica plans to start manufacturing Oakley glasses by the end...
Luxottica plans to start manufacturing Oakley glasses by the end of this year in Brazil, where it is an iconic brand. The first locally made Arnette and Ray-Ban sunglasses will be made at the company's local Tecnol factory as of this month. In 2012, emerging markets represented 12 percent of ...
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News briefs
PPR, parent company of Puma, Volcom, Gucci and a number...
PPR, parent company of Puma, Volcom, Gucci and a number of other sports and luxury goods brands, is thought to be planning to change its name to Kering, according to the Bloomberg news agency. The new name, which was reportedly registered in the U.S.last November, would be a reference to ...
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News briefs
Kanabeach has been placed in liquidation. The commercial court of...
Kanabeach has been placed in liquidation. The commercial court of Brest, in the French region of Britanny, found that insufficient guarantees had been proposed by Alexis Bernard and his partner, David Marrec, to leave the French surfwear company in operation with a reduced staff of 24 employees, out of 62, ...
