More corporate news – Page 129
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News briefs
The board of directors of Foot Locker, which has been...
The board of directors of Foot Locker, which has been faring well financially, has approved a $220 million investment program for the current year. That is far more than the $163 million spent last year. The money will be invested in various fields of expansion such as the development and roll-out of ...
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News briefs
Next October, the expansion of XXL Sport in Sweden will...
Next October, the expansion of XXL Sport in Sweden will continue with the opening of a large warehouse of 20,000 square meters in the Swedish town of Örebro, which may be subsequently expanded to up to 60,000 m². By locating its newest distribution center in Örebro, the Norwegian sporting goods ...
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News briefs
JD Sports Fashion is not confirming reports that it is...
JD Sports Fashion is not confirming reports that it is about to enter the Dutch market through the takeover of Setpoint, a local menswear retailer with 17 stores in the country that are facing a possible shutdown. The reports indicate that they may be converted into JD stores. Separately, JD ...
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News briefs
François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand...
François-Xavier Chupin, the French entrepreneur who licenses the Kappa brand and others in France and other neighboring countries through a company called Sport Finance, is said to have become an apparel licensee for the Sergio Tacchini brand through another company called Fashion Distribution. The deal has not yet been officially ...
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News briefs
The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is...
The Spanish subsidiary of Li Ning, LN Plus Iberoamerica, is seeking to get payments from Spanish retailers and sponsored clubs to reduce the amounts owed to creditors, but it is not sure whether it will continue to operate in the country, according to a local fashion news website, moda.es. Last ...
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News briefs
Björn Borg, the licensee of the former Swedish tennis champion by...
Björn Borg, the licensee of the former Swedish tennis champion by this name, is to acquire its operations in Finland from the current distributor, Fashion Case Oy, owned by Anne Immonen. After the acquisition, Björn Borg will become the principal owner. Ove Asplund, previously a sales manager for JC and a store ...
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News briefs
Lenzi Egisto, an important Italian supplier of innovative textiles to...
Lenzi Egisto, an important Italian supplier of innovative textiles to the athletic shoe industry, is going into liquidation. Its family shareholders, who refused to inject money into the company after the death of Egisto Lenzi in July 2009, have approved a proposal to split the assets and sell them separately ...
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News briefs
Tecnica Group and its advisors have stopped looking for companies...
Tecnica Group and its advisors have stopped looking for companies that may be interested in buying its 60 percent interest in Lowa. They are currently evaluating the opportunity to accept the offer of an unnamed strategic investor. While the sale of Lowa could bring in fresh money, Tecnica would lose ...
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News briefs
An institutional investor based in Chicago, Winona Capital Management, has...
An institutional investor based in Chicago, Winona Capital Management, has acquired a minority stake in LK International, the Swiss company that markets the Kjus brand of activewear, through a capital increase. A partner in Winona, Luke Rees, has been appointed to LK's board of directors. As he was for many ...
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News briefs
Grifone, the Spanish sports outerwear company, has reported a change...
Grifone, the Spanish sports outerwear company, has reported a change of ownership and management intended to foster its international development, with a focus on Asia, the U.S., and central and northern Europe. Sandro Rosell, president of FC Barcelona, along with Eugenio Padrés and Pepe Navarro, are now co-owners with Ramón Cierco, ...
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News briefs
The Noël group has regained the license for the Umbro...
The Noël group has regained the license for the Umbro brand in France. Noël, a company involved in children's, men's, military and safety shoes, had licensed the brand for many years. Umbro International then took over the operation, called Noël Soccer, in two stages, starting with a 49 percent stake ...
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News briefs
Mountain Warehouse, the British specialist retailer, has been identified as...
Mountain Warehouse, the British specialist retailer, has been identified as the company that has been holding talks to purchase some of the assets of Euromark, the large-scale Polish outdoor distribution and retail group that went bankrupt a few weeks ago. Euromark filed for bankruptcy late last year and a district ...
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News briefs
The North Face will be moving to a new EMEA...
The North Face will be moving to a new EMEA office of VF Corporation at Stabio, near the Swiss city of Lugano, in April this year. After transferring its European operations from Montebelluna, Italy, to its current office in Lugano, it will now combine them with those of the other ...
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News briefs
Cybex International will be “going private” after shareholders overwhelmingly approved...
Cybex International will be “going private” after shareholders overwhelmingly approved the sale of the outstanding publicly traded shares to the company's largest shareholder, UM Holdings, on Feb. 6. The merger was approved in October by the company's board of directors. Based in Medway, Massachusetts, the manufacturer of fitness equipment will now ...
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News briefs
JD Sports Fashion has acquired Gio Goi, a British young...
JD Sports Fashion has acquired Gio Goi, a British young fashion brand that fell into administration, a former of bankruptcy, last month. The brand was previously controlled by Pentland Group, which is also JD's majority shareholder. According to reports in the British press, Sports Direct International had shown interest in ...
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Short stops
Sportzun, the former Spanish-based distributor of O'Neill in Spain and...
Sportzun, the former Spanish-based distributor of O'Neill in Spain and Italy, is reported to have filed for voluntary bankruptcy proceedings
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Short stops
Apax Partners has completed the acquisition of Cole Haan,...
Apax Partners has completed the acquisition of Cole Haan, and Jack Boys has become its chief executive, as planned
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Short stops
Bauer Performance Sports has completed a secondary offering of...
Bauer Performance Sports has completed a secondary offering of new shares which raises the stake held by Kohlberg Funds to 31.0 percent on a non-diluted basis and 25.5% on a fully diluted basis
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News briefs
The Leclercq family, which founded Décathlon and owns a significant...
The Leclercq family, which founded Décathlon and owns a significant stake in its parent company, Oxylane, has injected an unspecified amount into a French investment fund that helps innovative companies to start up and grow. A manager of the fund, called L'Accélérateur, said the new equity will allow it to ...
