More corporate news – Page 135
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News briefs
While announcing a 16 percent sales increase to $213.9 million...
While announcing a 16 percent sales increase to $213.9 million for the first six months of this year, with growth of 26.5 percent in North America, Johnson Health Tech reported the acquisition of Magnum Fitness, a U.S. manufacturer of commercial fitness equipment located in Wisconsin, where its North American subsidiary ...
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Décathlon is reportedly in discussions with the municipality of London...
Décathlon is reportedly in discussions with the municipality of London to make use of some of the facilities built for the Olympics after the Games. Many years ago, the French sporting goods retail chain managed to convert one of the pavilions erected for the World's Fair in Hannover into a ...
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News briefs
Implus, the owner of the Yaktrax line of traction devices...
Implus, the owner of the Yaktrax line of traction devices for footwear, has bought Kako ICEtrekkers, maker of heavy-duty grips including Spikes, Chains and Diamond Grip. Kako ICEtrekkers have mostly been popular in the safety industrial market, but have been gaining in popularity at retail in recent years.
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News briefs
After 10 years of growth in the U.S. and Canada,...
After 10 years of growth in the U.S. and Canada, Mammut Sports Group had to move to a new warehouse in Williston, Vermont. The new facility consolidates its existing headquarters and three separate warehouses on 23,000 square feet, bringing together all product categories. The company said that it would dramatically ...
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News briefs
Invista inaugurated its first textile research center in mainland China....
Invista inaugurated its first textile research center in mainland China. The company is one of the world's largest producers of nylon and spandex and the creator of the Lycra and CoolMax trademarks. The China Textile Research Center (CTRC), a 3,000-square-meter facility worth $7.3 million, is built on the same site ...
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Short stops
Probike South Africa and India has been taken over by...
Probike South Africa and India has been taken over by Scott Sports
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News briefs
With company officials estimating that the snow sports market has...
With company officials estimating that the snow sports market has contracted by 20 percent, Tecnica Group has asked public authorities to finance 118 temporary layoffs from its staff of 418 employees at Giovera del Montello, where its Italian head office and production unit is located. This would be in addition ...
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News briefs
Oxylane, the parent company of Décathlon, plans to open a...
Oxylane, the parent company of Décathlon, plans to open a big new distribution center in the autumn of 2013 at Rouvignies, near Valenciennes and the French border with Belgium, to service its stores in Northern Europe. The new logistic platform will start on a surface of 57,000 square meters, building ...
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News briefs
Adidas is to close down the only manufacturing plant it...
Adidas is to close down the only manufacturing plant it still owns in China. Based in the coastal town of Suzhou, in the Jiangsu province, and employing 160 people, the apparel factory will be shuttered at the end of October. This is part of the company's permanent efforts to make ...
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News briefs
Ping inaugurated a new multimillion-dollar facility, with additional office and...
Ping inaugurated a new multimillion-dollar facility, with additional office and operational space, at the company's headquarters in Gainsborough, U.K., on July 12. The American brand of golf equipment has had its home for European operations in Gainsborough since 1973 and also owns the Gainsborough Golf Club. The opening of the ...
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News briefs
The merger of Golf Town from Canada and Golfsmith from...
The merger of Golf Town from Canada and Golfsmith from the U.S. has been completed through a $97.1 million transaction. Golfsmith has asked Nasdaq to delist its common stock.
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News briefs
We understand that a new investor has been found for...
We understand that a new investor has been found for the bankrupt MBT (Masai Barefoot Technology), but the takeover proposal must still be approved by the bankruptcy court in Switzerland and the creditors. Meanwhile, the Spanish subsidiary of MBT, which is profitable and excluded from the bankruptcy proceedings, is reportedly ...
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News briefs
Holmenkol is one of the casualties from the last bad...
Holmenkol is one of the casualties from the last bad winter season: A German court has opened bankruptcy proceedings against this company, specializing in ski wax and other maintenance products. Now in its 90th year, the company is considered to be the oldest ski wax company in the world. It has been ...
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News briefs
ABC-Mart, which describes itself as Japan's leading footwear retailer, has...
ABC-Mart, which describes itself as Japan's leading footwear retailer, has agreed to entirely take over LaCrosse Footwear, the U.S. outdoor and work footwear company, for $20 per share in cash, amounting to a purchase price of $138 million. The two parties said that the deal would enable ABC-Mart to benefit ...
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News briefs
Bauer Performance Sports has completed its acquisition of Cascade Helmets...
Bauer Performance Sports has completed its acquisition of Cascade Helmets Holdings, a U.S. company that prides itself on manufacturing men's and youth lacrosse helmets in North America. Cascade's factory in Liverpool, New York, will also be used to make Bauer's hockey helmets. Bauer is financing the US$64 million acquisition with ...
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News briefs
Just over half a million shares of Ming Le Sports,...
Just over half a million shares of Ming Le Sports, a Chinese sportswear company, were listed in an initial public offering on the Frankfurt stock exchange a few days ago. The shares started trading at €13.20. The Chinese company wants to use the proceeds of about €5.8 million to invest in a new ...
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News briefs
Callaway Golf saw its share price fall by 14 percent...
Callaway Golf saw its share price fall by 14 percent to $5.52 in early trading after the company's new management released a revised estimate of its financial performance, predicting a loss of 55 to 75 cents a share for this year. The loss will be partly due to charges associated ...
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News briefs
Manchester United is to be listed again after the football...
Manchester United is to be listed again after the football club's owners, the Glazer family, said that they wanted to raise up to £100 million (€127.3m-$155.8m) in an initial public offering in New York. The move is partly intended to reduce the famous club's debts, which were £423 million (€538.5m-$659.1m) ...
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News briefs
Rapala, the Finnish company specializing in fishing products, said it...
Rapala, the Finnish company specializing in fishing products, said it would restructure its reporting categories after the divestment of its gift business last December. This made up nearly half of the Other Group Products division. It was therefore decided to bundle the remaining parts of this division, mostly consisting of ...
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News briefs
The Jacobson Group, parent company of Gola, has reportedly acquired...
The Jacobson Group, parent company of Gola, has reportedly acquired two brands of boardsports clothing, Dudeskin and Babeskin, from Skipton Leisure. The takeover is expected to help Gola develop three new ranges of clothing, in addition to those. A former manager of Skipton, Andrew Rhodes is joining Gola as commercial ...
