More corporate news – Page 137
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None of 125 people working at the head office of...
None of 125 people working at the head office of Champion Europe in Carpi was injured. Same for the 75-odd employees at the nearby office in Campogalliano of Game 7 Athletics, the Italian sporting goods retail chain owned by Champion Europe. However, they were all told to go home last Tuesday, after the second shock ...
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DVS Shoe, the American action sports company that filed for...
DVS Shoe, the American action sports company that filed for Chapter 11 bankruptcy protection last week, is hoping to draw bids of at least $4.3 million at an auction to be held in June – if approved by the bankruptcy court. The company filed for bankruptcy protection under a procedure ...
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Rumors are circulating about a possible new change of ownership...
Rumors are circulating about a possible new change of ownership for Cisalfa Sport, the leading sporting goods retailing group in Italy that also owns Intersport Italia. The rumors indicate that its founder, Vincenzo Mancini, may buy back Cisalfa after sounding out potential investors in the U.K., Austria and Russia. Cisalfa's ...
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Golf Town, the largest golf retail chain in Canada, has...
Golf Town, the largest golf retail chain in Canada, has struck an agreement to acquire Golfsmith, the largest golf retailer in the U.S., in a merger deal that would create the world's largest specialty golf retailer, with about 150 stores in North America and annual sales approaching $800 million. Golfsmith ...
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The Ziener family, which owns the German producer of gloves...
The Ziener family, which owns the German producer of gloves by the same name, has sold a 34.5 percent share of the company to an institutional investor. Sport-Fachhandel, the German trade publication, reports that the new partner is Hannover Finanz Gruppe, a private equity company that has 44 companies in ...
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Sundek, the Italian brand of colorful boardshorts, is up for...
Sundek, the Italian brand of colorful boardshorts, is up for sale, according to the Italian press, as its controlling shareholder, an equity investment fund called DGPA, has decided to get out of the garment sector. The company, which had a reported turnover of €25 million last year, has been diversifying ...
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Prince expects to come out of bankruptcy proceedings and to...
Prince expects to come out of bankruptcy proceedings and to fall under the full ownership of Authentic Brands Group after a final court hearing scheduled for May 24 and a meeting with creditors on June 5. According to court documents, Prince generated sales of $35 million last year in Europe, ...
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Puma has formally established a 100 percent owned subsidiary in...
Puma has formally established a 100 percent owned subsidiary in Israel. It will begin operations next Jan. 1 under the management of Guy Daneman, and it will start opening Puma stores at strategic locations as of 2013. Grundman & Company, which has been representing the brand in Israel for more ...
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Rectifying some recent press reports, the management of Regatta Group...
Rectifying some recent press reports, the management of Regatta Group indicates that the total number of its warehouse employees in the U.K. should grow from 165 to 220 as part of a reorganization of its logistics that will see each of its three brands – Regatta, Dare2b and Craghoppers – centralizing ...
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Together with four Swiss nationals who are acting as minority...
Together with four Swiss nationals who are acting as minority shareholders, Tony Hutchinson has bought back the shares of International Brand Licensing (IBL), the company that was managing the rights for the Admiral brand, to use it for the launch of an interesting brand of bodywear, Muscle Athletic, through the ...
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Frank Koch, a German veteran of the fitness equipment industry,...
Frank Koch, a German veteran of the fitness equipment industry, has become managing director of a new company, Sportart 3, that will be responsible for the distribution of a new line of Adidas badminton racquets and other Adidas branded products for boxing and martial arts in the German-speaking countries and ...
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Sporteam is a new Spanish buying group, set up to...
Sporteam is a new Spanish buying group, set up to coordinate purchases of products and services by sports clubs, municipal procurement offices and other institutions. Reportedly, the members can get discounts of up to 60 percent on balls and other types of equipment.
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A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang...
A 17-year-old Chinese manufacturer of dress and athletic shoes, Zhejiang Red Dragonfly Footwear, has filed for an IPO, after waiting for two years to do so. Reportedly, the company had a profit of 294 million yuan renmimbi (€37m-$47.1m) on sales of RMB2,672 million (€332m-$421m).
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Viellard Migeon & Cie. has raised its direct and indirect...
Viellard Migeon & Cie. has raised its direct and indirect shareholding in Rapala VMC to 30.44%, and it has been granted an exemption from the obligation to launch a full takeover bid for the Finnish-based company
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Pacific Brands says it has abandoned discussions over a possible...
Pacific Brands says it has abandoned discussions over a possible sale of the Australian company, whose results will be “materially down” this year
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Zilyan, a Turkish shoe manufacturer, has acquired the Italian brand...
Zilyan, a Turkish shoe manufacturer, has acquired the Italian brand Lumberjack (more in Shoe Intelligence)
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Iconix Brand Group has completed the formation of a joint...
Iconix Brand Group has completed the formation of a joint venture in India with the Reliance Industries Group
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Sportéco, the French trade magazine controlled by Horst Frankl of...
Sportéco, the French trade magazine controlled by Horst Frankl of SAZ, has launched a trade publication for the French bicycle market, called Bikéco
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Albany International has agreed to sell its Primaloft insulation business...
Albany International has agreed to sell its Primaloft insulation business to a newly created company, Primaloft Inc. The deal is a management buyout orchestrated by Primaloft's senior management, led by Michael Joyce, who previously acted as president of Albany's Applied Technology Group. The transaction is worth some $38 million and ...
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Schiesser, the German underwear company, has canceled the stock market...
Schiesser, the German underwear company, has canceled the stock market launch it had scheduled for the second quarter of this year, after it agreed to a takeover by Delta Galil Industries, a larger rival based in Israel. Schiesser is just starting to regain some strength after going into receivership in ...
