More corporate news – Page 134
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The board of Nike has approved a new four-year, $8...
The board of Nike has approved a new four-year, $8 billion program to repurchase shares of the company's Class B common stock. This new program will start sometime during the second quarter the 2013 fiscal year, once the current $5 billion share repurchase program is completed. The stock buybacks will ...
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Conte of Florence has signed an agreement to lease out...
Conte of Florence has signed an agreement to lease out 42 of its stores. The Italian brand, which celebrates its 60th anniversary this year, is undergoing a restructuring plan due to the difficult economic situation. After reducing its share capital by 50 percent last June, it is now closing 14 ...
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Mectex has become part of Adler Group, the Italian-based multinational...
Mectex has become part of Adler Group, the Italian-based multinational run by Paolo Scudieri with 59 factories in 18 countries. Mectex, an Italian company that manufactures gripper-loom-woven, waterproof and breathable plasma-treated fabrics, widely used in sports, will continue to be located in Erba, near Como, Italy.
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Genesco is said to be one of the companies that...
Genesco is said to be one of the companies that are interested in taking over Cole Haan from Nike. Other potential bidders are Texas Pacific Group, the equity investment firm that previously controlled Bally, and another institutional investor, Apax Partners, which wants to sell its stake in France's Groupe Royer. ...
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The Hobie Cat Company, the producer of kayaks and sailboats...
The Hobie Cat Company, the producer of kayaks and sailboats based at Oceanside, California, has acquired Hobie Cat Europe, which is based in Toulon, France. Founded by Hobie Alter in 1968, the U.S. company was acquired by Coleman in 1975. In 1989, Coleman split the operation into two parts, one ...
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Sanita Footwear is changing ownership and selling off its so-called...
Sanita Footwear is changing ownership and selling off its so-called trading division to concentrate on its Sanita brand of clogs and comfort shoes, which is performing particularly well in the U.S. The trading division of the Danish company comprises five company-owned footwear brands – Bundgaard, Trigger, Jaco, Sanilet and Ambre ...
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Kesko Corporation of Finland issued a senior unsecured bond of...
Kesko Corporation of Finland issued a senior unsecured bond of €250 million for general corporate purposes, carrying a fixed annual interest rate of 2.75 percent and maturing on Sept. 11, 2018. The significantly oversubscribed bond issue was allocated to 87 investors. The ramp-up of the Russian Intersport operation, which Kesko ...
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Jarden Corporation is going to issue $450 million in...
Jarden Corporation is going to issue $450 million in debt and buy back its own stock with up to $125 million of the proceeds. The debt will be offered, subject to market and other conditions, as senior subordinated convertible notes due in 2018 in a private offering to qualified institutional buyers. The ...
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Giant officially announced a the Eurobike trade show that it...
Giant officially announced a the Eurobike trade show that it was going to build a new headquarters and R&D center in the Central Taiwan Science Park in Taichung City. Giant Global Group's president, Tony Lo, said that the company needed the new facilities for product expansion. Sales of mid- to ...
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Dakine is getting new digs. The company will remain...
Dakine is getting new digs. The company will remain in Hood River, Oregon, but will move from downtown to a new building at the Waterfront Business Park. The 45,000-square-foot building is still under construction; Dakine will take up more than half of it when it moves in, expected next ...
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News briefs
The second-generation owners of Ivanhoe, a Swedish brand...
The second-generation owners of Ivanhoe, a Swedish brand of outdoor and golf apparel, have started to transfer responsibilities and ownership to the third generation of the Göthager family. Anna and Anders Göthager became the majority shareholders of Ivanhoe Support AB, a new entity that will deal with marketing, ...
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Indian newspapers have reported that more than 150 retail franchisees...
Indian newspapers have reported that more than 150 retail franchisees running Reebok mono-brand stores in India held a virulent demonstration in New Delhi earlier this week. They vented their anger about the measures taken by the Adidas Group to alter its relationship with Reebok franchises, which should lead to a ...
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Adidas opened its new office building in Shanghai last...
Adidas opened its new office building in Shanghai last month, a step toward its goal of being China's No. 1 sports brand
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Pentland Group confirms its acquisition of Canterbury from JD Sports...
Pentland Group confirms its acquisition of Canterbury from JD Sports Fashion
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A top executive of Cisalfa Sport denies persistent rumors in...
A top executive of Cisalfa Sport denies persistent rumors in Italy that the family of Vincenzo Mancini, the founder and former owner of the leading Italian sporting goods retailer, has agreed to buy back the controlling stake held in the company since 2006 by an Italian equity investment firm, Investitori ...
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Some newspapers are reporting that Spyder Active Sports is up...
Some newspapers are reporting that Spyder Active Sports is up for sale by its owner, the private equity firm Apax Partners. Supposedly, Apax has enlisted Blackstone Group to look for a buyer, and hopes to sell the company for up to $150 million. Apax bought Spyder in 2004 for $100 ...
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Callaway Golf has entered a privately negotiated exchange agreement under...
Callaway Golf has entered a privately negotiated exchange agreement under which it will issue $63,227,000 in aggregate principal amount of new 3.75 percent convertible senior notes due in 2019, and 5,866,821 shares of the company's common stock, with a par value $0.01 per share, in exchange for 982,361 shares of ...
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Flow Sports has bought SIC, the stand-up paddle board brand...
Flow Sports has bought SIC, the stand-up paddle board brand whose name stands for Sandwich Islands Composites. Mark Raaphorst, who founded the brand in 2005, will stay on as designer and shaper. The move will allow SIC to go from being a custom-only board supplier to one whose products can ...
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Berggruen Holdings has reportedly denied speculation about a possible sale...
Berggruen Holdings has reportedly denied speculation about a possible sale of Karstadt's premium department stores or its sports superstores
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Masai International, the Singapore-based company that has been distributing MBT...
Masai International, the Singapore-based company that has been distributing MBT in Southeast Asia, has acquired the MBT brand and its global assets, but not its debt. Owned by Andy Chaw, described as a wealthy individual, the distributor was named “best in sales and execution” at MBT's international product launch meeting ...
