More corporate news – Page 131
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News briefs
The board of directors of Globe International and its chief...
The board of directors of Globe International and its chief executive, Matt Hill, who together own 70.7 percent of the company's shares, has unanimously rejected the takeover offer made a few weeks ago by Mariner Corporation, followed by a replacement bidder's statement. Among other reasons for the rejection, the ...
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Rapala VMC Corporation has redefined the classification of certain balance...
Rapala VMC Corporation has redefined the classification of certain balance sheet items. The change in presentation leads to changes in the calculation of some key figures. For example, the return on equity for the third quarter of 2012 comes out as 3.7 percent, compared with the previously published ratio of ...
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News briefs
Invista has received approval from the Shanghai Environmental Protection Bureau...
Invista has received approval from the Shanghai Environmental Protection Bureau for a new plant to make hexamethylenediamine (HMD), an organic compound used for the production of nylon 6-6 and other polymers. With a capacity to produce 215,000 tonnes of HMD per year, the facility will be located at the Shanghai Chemical ...
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Apax Partners is preparing a senior secured financing package for...
Apax Partners is preparing a senior secured financing package for its $570 million acquisition of Cole Haan from Nike. The transaction will reportedly involve a $270 million, seven-year term loan and a $100 million asset-based revolving credit.
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News briefs
Russell Brands is laying off 190 workers, or nearly half...
Russell Brands is laying off 190 workers, or nearly half of its staff, at its apparel decoration factory in Alexander City, Alabama. Owned by Fruit of the Loom, which in turn is controlled by Berkshire Hathaway, Russell Brands is the parent of Russell Athletic, Jerzees, Spalding and Bike brands.
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Short stops
The previously reported merger of Aldila into Mitsubishi Rayon America...
The previously reported merger of Aldila into Mitsubishi Rayon America has been approved by more than 93% of the shareholders of the American carbon fiber shaft maker
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Short stops
Powerslide has expanded its offices and warehouse in Bavarian town...
Powerslide has expanded its offices and warehouse in Bavarian town of Bindlach
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News briefs
Puma said that the arbitration tribunal dealing with its trademark...
Puma said that the arbitration tribunal dealing with its trademark dispute in Spain has issued a revised ruling requiring downsized compensation for Estudio 2000, the German sports company's former licensee in the country. Two years ago Puma was ordered to pay €98 million as compensation for the end of its ...
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News briefs
The board of Amer Sports Corp. has approved two new...
The board of Amer Sports Corp. has approved two new share-based incentive plans for key personnel of the group. A new Performance Share Plan, directed at about 80 people including members of the executive board, allocates a maximum total of 1.2 million shares that can be obtained based on operating ...
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News briefs
Oxylane, the parent company of Décathlon, laid the symbolic foundation...
Oxylane, the parent company of Décathlon, laid the symbolic foundation stone of a future distribution center in Rouvignies last Dec. 10, in the presence of representatives from local authorities. Set to be inaugurated in the autumn of 2013, the new logistical platform will start with a surface of 57,000 square meters, ...
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News briefs
While boasting that it wants to overtake Puma, New Balance...
While boasting that it wants to overtake Puma, New Balance is moving into the skate footwear market, through a licensing deal with Black Box Distribution in California. The range is to be branded as New Balance Numeric or NB#. Black Box, a company specializing in skating products, will make and ...
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News briefs
Topo Athletic is a new brand of athletic gear that...
Topo Athletic is a new brand of athletic gear that will premier at the Outdoor Retailer Winter Market in Salt Lake City next January. The idea behind the new concept is to amplify the benefits of natural biomechanics, rather than modifying them. The new company was founded by Tony Post, ...
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News briefs
Cocona, the materials technology company based in Boulder, Colorado, has secured...
Cocona, the materials technology company based in Boulder, Colorado, has secured a $15 million Series C equity private placement and will use the funds for marketing, developing new technologies and general working capital purposes. The transaction was led by H.I.G. Growth Partners and two prior Cocona investors, Fairhaven Capital and Milcom ...
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News briefs
A few days ago, Odlo began the construction of its...
A few days ago, Odlo began the construction of its new global distribution center in the German town of Brüggen. By the end of 2013, it will take the place of a cluster of five distribution centers in the same area. The total warehouse space will increase from 18,500 to ...
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News briefs
There is unconfirmed speculation that Werner Riethmann, CEO of Lowa,...
There is unconfirmed speculation that Werner Riethmann, CEO of Lowa, and the company's contract manufacturer in Slovakia, Riko, are among the candidates to take over Tecnica Group's 60 percent stake in the profitable German-based firm. Two years ago, Riethmann doubled his personal stake in the company to 20 percent and ...
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News briefs
Iconix Brand Group has announced the completion of its acquisition of...
Iconix Brand Group has announced the completion of its acquisition of Umbro and the related intellectual property assets from Nike for $225 million in cash. Iconix funded the takeover through a previously announced $600 million securized financing facility. Umbro took its name from Humphrey Brothers Clothing, a company founded in 1924 by two ...
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News briefs
Snowleader, a French online retailer of snow sports products, has...
Snowleader, a French online retailer of snow sports products, has carried out an equity increase of €400,000 by issuing new shares to a couple of institutional investors and private shareholders to help pursue its further development, according to sport-guide.com. Thomas Rouault, who started up the website four years ago, will ...
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News briefs
Auchan, the big French-based operator of hypermarkets, which is contolled like Décathlon...
Auchan, the big French-based operator of hypermarkets, which is contolled like Décathlon by the French Mulliez family, has agreed to take over the 91 Real markets in Poland, Romania, Russia and Ukraine, most of which sell a narrow selection of low-priced sports apparel, footwear and equipment, among many other types of products. The acquisition, ...
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News briefs
PPR is apparently waiting for a recovery at Puma before...
PPR is apparently waiting for a recovery at Puma before making other acquisitions in the sports and lifestyle sectors, where it is eyeing the outdoor segment in particular. At a press conference in New York, François-Henri Pinault, chief executive of the French group, was reported by Women's Wear Daily as ...
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News briefs
The Indian Batra Group and other investors have reportedly acquired undisclosed...
The Indian Batra Group and other investors have reportedly acquired undisclosed shareholdings in Rampant Sporting, a British young fashion brand founded five years ago that is expanding internationally and online. Rirchard Hartley will remain at the helm of the company. Batra is the licensee of Fila in the Indian subcontinent. It ...
