More corporate news – Page 136
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News briefs
VF Corporation has inaugurated a new, environment-friendly corporate head office...
VF Corporation has inaugurated a new, environment-friendly corporate head office for three brands of its outdoor division – The North Face, JanSport and Lucy activewear – on a 14-acre property in Alameda, California. Accommodating more than 470 employees, the 160,000-square-foot campus comprises a fitness center, an outdoor training area, an in-house ...
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News briefs
La Sportiva, the Italian brand of mountaineering shoes, has inaugurated an expanded headquarters...
La Sportiva, the Italian brand of mountaineering shoes, has inaugurated an expanded headquarters at Ziano di Fiemme, where some of the brand's production is also located. The new building is directly connected to the old one and contains the offices and the showrooms. The older building continues to house the manufacturing plant, the ...
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News briefs
Mizuno is taking over Senoh Corporation, a 104-year-old Japanese maker...
Mizuno is taking over Senoh Corporation, a 104-year-old Japanese maker of equipment for indoor sports facilities, at an undisclosed price. Specializing in gymnastics, basketball, volleyball, fitness and martial arts, Senoh has been an official supplier to the Olympic Games since they were held in Tokyo in 1964. It received an ...
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News briefs
DVS Shoe, an American action sports company owned by the...
DVS Shoe, an American action sports company owned by the Dunlap family, is set to to be acquired by Sequential Brands Group, the parent company of the William Rast and People's Liberation brands, for about $8.55 million in cash. Sequential Brands issued the highest offer at the bankruptcy court auction ...
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News briefs
For an undisclosed amount, Shock Doctor, the U.S. specialty brand...
For an undisclosed amount, Shock Doctor, the U.S. specialty brand of mouthguards and other protective equipment for team sports and fitness activities, has acquired Cutters, a marketer of sports gloves for football and other sports based in Phoenix, Arizona. The new combination sees big growth potential for Cutters since the ...
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News briefs
A report is circulating that MBT has found a buyer,...
A report is circulating that MBT has found a buyer, but this could not be confirmed at the time of going to press. Meanwhile, following on the bankruptcy of the company in May, its Scandinavian sales organization has followed suit.
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News briefs
The Spanish group Jim Sports, based in Melida and distributor...
The Spanish group Jim Sports, based in Melida and distributor of such brands as Slazenger and Carlton, has acquired for an undisclosed amount the Catalan brand Squba, specializing in high-performance swimwear and previously owned by Barcelona-based Mildosport. With the incorporation of Squba, Jim Sports enters for the first time the ...
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News briefs
The Adidas Group has signed a revolving credit facility worth...
The Adidas Group has signed a revolving credit facility worth €500 million with a pool of banks, following an oversubscribed offer. The new five-year facility incorporates two options for a one-year extension which are to be excercised at the end of the first and the second year, respectively. With the ...
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News briefs
The board of Rapala VMC Corporation has approved a new...
The board of Rapala VMC Corporation has approved a new share-based incentive plan for key personnel. The plan includes one earning period, running from April 1, 2012, to June 30, 2013. The potential reward from the plan will be based on the development of Rapala's inventory levels and Ebitda. Any ...
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News briefs
Dorel Industries' Cycling Sports Group (CSG) is opening a 600-square-meter...
Dorel Industries' Cycling Sports Group (CSG) is opening a 600-square-meter research and development facility in Freiburg, Germany, this summer. It joins R&D facilities in Bethel, Connecticut, and Taichung, Taiwan, and puts the company close to the heart of the European cycling market. It is located close to the Black Forest, ...
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News briefs
To mark the 50th anniversary of the opening of its...
To mark the 50th anniversary of the opening of its manufacturing plant in Irvine, Scotland, Wilson Golf christened its new EMEA Wilson Golf Competency Center there this month. Paul Lawrie, the winner of the 1999 Open and a Wilson athlete, was on hand to celebrate the opening of the center, ...
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Short stops
Oriel Securities has been appointed joint corporate broker to Sports...
Oriel Securities has been appointed joint corporate broker to Sports Direct International, alongside Merrill Lynch
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News briefs
Under Armour has announced its first two-for-one stock split of...
Under Armour has announced its first two-for-one stock split of its outstanding common stock. The stock split will take the form of a dividend of one share of Class A Common Stock for each share of Class A Common Stock outstanding and one share of Class B Common Stock for ...
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News briefs
Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been...
Meryl Fiber, the French-Italian manufacturer of nylon fibers, has been ordered by a bankruptcy court to immediately shut down its French factory, which employs 343 people. The company suffered a big loss in 2011 as its sales dropped to €70 million from €85 million the year before. A cash squeeze ...
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News briefs
Sport-Master, the largest cooperative of sporting goods retailers in Denmark,...
Sport-Master, the largest cooperative of sporting goods retailers in Denmark, is going to become an integrated retail chain. An equity investment company, Nordic Capital Fund VII, has signed an agreement to take it over, along with its parent company, Sport Danmark, and 96 percent of its 100-plus affiliated stores trading ...
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News briefs
CDC Enterprises has injected €1.6 million more into Avance Diffusion,...
CDC Enterprises has injected €1.6 million more into Avance Diffusion, parent company of Degré 7, Duvillard and other apparel brands, bringing up its total investment in the French company to €4.5 million since its first step in August 2010. Including other brands, Avance Diffusion had total revenues of more than ...
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News briefs
In reporting very good results for the first quarter, Dick's...
In reporting very good results for the first quarter, Dick's Sporting Goods described its recent £20 million (€150.0m-$186.1m) investment in JJB Sports as a “high-risk, high-reward” proposition. It expressed confidence in the new management of the British chain to turn it around, without diverting the attention of the U.S. management. ...
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News briefs
Hanesbrands is looking to improve its margins and focus more...
Hanesbrands is looking to improve its margins and focus more on its branded portfolio in the Americas and Asia, and one of its actions is selling it European imagewear division. Smartwear will buy the division, which accounts for about 8 percent of Hanesbrands' revenues, for €15 million. Hanesbrands said that ...
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News briefs
There seem to be at least two or three serious...
There seem to be at least two or three serious potential bidders the MTB brand and other related assets. Meanwhile, MBT's sales subsidiaries in the U.K., Germany and the Netherlands have followed the parent company into bankruptcy proceedings. Some of the MBT stores in the U.K. are reportedly being shut ...
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News briefs
VF Corporation reportedly plans to reduce footwear sourcing in the...
VF Corporation reportedly plans to reduce footwear sourcing in the southern part of China to 11 million pairs by 2016, down from 40 million pairs in 2010. It plans to source more shoes from northern China, Vietnam, Bangladesh and elsewhere.
