More corporate news – Page 138
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News briefs
ANWR, the big buying group for shoe retailers and Sport...
ANWR, the big buying group for shoe retailers and Sport 2000's licensee for Germany, Switzerland and Luxembourg, wants to acquire the remaining outstanding shares of Garant Schuh + Mode, another buying group for shoe retailers. Additionally, Garant has members from the sporting goods retail sector under the Fair Play banner, ...
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Marchon Eyewear has bought Dragon Alliance, an American brand of...
Marchon Eyewear has bought Dragon Alliance, an American brand of goggles and eyewear for action sports. The acquisition of the 19-year-old company expands Marchon's presence in the action sports market with products for surfing, snowboarding and dirt biking. Will Howard, Dragon's founder and chief executive, will continue to lead the ...
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Short stops
JD Sports Fashion has made yet another acquisition in...
JD Sports Fashion has made yet another acquisition in the British fashion retail segment by taking over Originals Clothing, which has seven premium menswear stores in the northwestern part of the country
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Short stops
VF Corporation has completed the sale of John Varvatos...
VF Corporation has completed the sale of John Varvatos Enterprises to Lion Capital
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Short stops
Gregal Sport, which distributes many foreign sports brands in Spain,...
Gregal Sport, which distributes many foreign sports brands in Spain, has moved to a new head office at San Fruitós de Bages, not far from its former premises near Barcelona
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News briefs
Billabong has completed the sale of a partial stake in...
Billabong has completed the sale of a partial stake in Nixon, its watches and accessories brand, to Trilantic Capital Partners. The two companies will now operate a joint venture in which each has a 48.5 percent share in Nixon, with the remaining 3 percent in the hands of Nixon management. ...
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News briefs
Kesko has acquired full ownership of the Intersport chain in...
Kesko has acquired full ownership of the Intersport chain in Russia by taking over the 20 percent stake that was still in the hands of its former owner, Melovest. The Russian operation has 35 sporting goods stores, mainly in the St. Petersburg and Moscow regions. Kesko, which holds the ...
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News briefs
Rossignol has put an end to its apparel licensing agreement...
Rossignol has put an end to its apparel licensing agreement with Sports et Styles, which is related to Look Cycle, the French bicycle company. The license was attributed in 2009, to ensure the continuity of Rossignol's apparel business while the company's new owners, led by Bruno Cercley, focused on its ...
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News briefs
Pou Sheng International, one of the two leading sports retailers...
Pou Sheng International, one of the two leading sports retailers in China, warned that it would suffer a loss for the six months until the end of March, while it recorded a profit for the same period last year. The company blamed the end of its licensing deal with Converse, ...
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News briefs
Wolverine Worldwide has set up joint ventures in India and...
Wolverine Worldwide has set up joint ventures in India and Colombia, as part of its strategy to directly operate in more international markets. The Indian partnership was formed with Tata International, to market footwear and apparel. The equal joint venture will start with the wholesale distribution of the Merrell and ...
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News briefs
As Head N.V. reclaims its European sportswear business from a...
As Head N.V. reclaims its European sportswear business from a licensee this year, it is setting up these operations in London. It will be the main hub of the European Sportswear Division, and the company will hire staff for product management and communications and PR management to work from the ...
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News briefs
Burton Snowboards has sold DNA Distribution, a company that supplies...
Burton Snowboards has sold DNA Distribution, a company that supplies skateboards and accessories under the Alien Workshop, Habitat and Reflex brand names, to Rob Dyrdek, an American television star and entrepreneur. Now a wealthy individual, he has been skateboarding for 20 years and had been originally sponsored by that company. ...
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News briefs
Confirming a report in SAZ, a spokesperson for Bawag says...
Confirming a report in SAZ, a spokesperson for Bawag says the Austrian bank sold its last remaining stake in Atomic to Amer Sports last January, but declined to specify the terms of the transaction. Amer first took over a 90 percent stake in Atomic in 1994 from the bank, and ...
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News briefs
Now that it has set its house in order on...
Now that it has set its house in order on the hardware front, the Rossignol Group is negotiating to buy back its apparel business from Look. The business is already largely integrated into the group in terms of brand strategy and management, operating out of Rossignol's headquarters. In the financial ...
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News briefs
April 30 is the deadline set for Collective Brands to...
April 30 is the deadline set for Collective Brands to receive offers for the takeover of its whole business or for parts of it, including the Payless ShoeSource chain of shoe stores and its footwear brands, including Airwalk, Saucony, Sperry Top-sider, Keds, Pro-Keds and Stride Rite. According to Bloomberg, Collective's ...
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News briefs
Snapdeal.com, which claims to be the largest e-commerce shopping portal...
Snapdeal.com, which claims to be the largest e-commerce shopping portal in India, has acquired eSportsbuy.com, an online sports store launched in the country last year. Snapdeal, which started in February 2010, claims to have 15 million members.
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News briefs
Apart from its investment in JJB Sports, discussed on the...
Apart from its investment in JJB Sports, discussed on the front page of this issue, Dick's Sporting Goods has completed the purchase of the trademark rights for Top-Flite, the brand of golf balls owned by Callaway Golf, for $20 million. Callaway said that is was eager to focus on the ...
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News briefs
Internetstores, one of the leading German online bicycles and outdoor...
Internetstores, one of the leading German online bicycles and outdoor retailers, has received an investment of €30 million from EQT Expansion Capital II. The private equity fund will become a substantial minority shareholder in Internetstores, while the majority will remain in the hands of its founder, René Köhler. The investment ...
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News briefs
Altor, the Nordic investment fund that acquired Helly Hansen in...
Altor, the Nordic investment fund that acquired Helly Hansen in 2006 for about $140 million, is expected to start accepting offers for the Norwegian company's takeover in the next few days, according to Reuters. As already reported, Columbia Sportswear, Jarden Corporation, PPR and VF Corporation are thought to be interested, ...
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News briefs
Benetton Group is leaving the stock exchange after 26 years...
Benetton Group is leaving the stock exchange after 26 years of trading. Shareholders tendered 92.37 percent of the shares in Benetton Group for €4.60 a share by the deadline last Friday. That was below the 95 percent level originally requested by Edizione for completion of the transaction, but the company ...
