More corporate news – Page 139
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News briefs
The creditors of Asolo have approved a settlement of the...
The creditors of Asolo have approved a settlement of the company's debts, proposed by the court of Treviso, allowing the highly secretive Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement, which was approved on March 15, calls for the repayment ...
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Shimano Europe Holding has bought BikeFitting.com, a company that translates...
Shimano Europe Holding has bought BikeFitting.com, a company that translates insights obtained from biomechanics into practical measuring instruments that can be used to optimize cycling efficiency and comfort. Shimano said that by gaining Bike Fitting's knowledge, it can develop its products to be even more customized for the needs of ...
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Golden Equity Investments, a private equity firm based in Colorado,...
Golden Equity Investments, a private equity firm based in Colorado, is the new owner of Outlast Technologies, the maker of temperature-regulating technologies for apparel and footwear. Outlast said the acquisition will help improve its supply chain. There will be no changes in staffing, management or operations. The only change is ...
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Volcom is slimming down, following its acquisition by PPR last...
Volcom is slimming down, following its acquisition by PPR last year. A spokesperson has reported the elimination of 30 jobs, without any further details, because of “continued challenges in the U.S. retail environment and the current economic situation in Europe.” Prior to the change in ownership, the company employed about ...
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Columbia Sportswear is about to lay off 80 employees from...
Columbia Sportswear is about to lay off 80 employees from its global staff, representing 2 percent of its total workforce. The cuts concern mainly the headquarters in the U.S. and the European subsidiary. Officials at the latter operation, which is based in Geneva, declined to comment, but the headquarters in ...
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News briefs
A large South Korean conglomerate, E-Land, is preparing a bid...
A large South Korean conglomerate, E-Land, is preparing a bid to acquire Collective Brands for $1.8 billion, together with institutional investors, according to the Bloomberg news agency. Collective is the parent company of Saucony and several other, more casual footwear brands such as Sperry Top-Sider, Keds and Stride-Rite. It also ...
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Short stops
Eurosima, the European surf industry association, is moving its head...
Eurosima, the European surf industry association, is moving its head office from Capbreton to Hossegor, where it will share the premises with those of the French Surfing Federation
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Short stops
Exceed Company, the Chinese firm that owns the Xidelong brand...
Exceed Company, the Chinese firm that owns the Xidelong brand of sports clothing and footwear, has delayed its financial report for 2011 and its fourth quarter, which was scheduled to come out on April 2, until the end of this month
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News briefs
Sports Direct International, the largest sporting goods retailer in the...
Sports Direct International, the largest sporting goods retailer in the U.K. and owner of many sports brands including Dunlop and Karrimor, has acquired two British young fashion brands, Firetrap and Full Circle, according to the British magazine Drapers. Bidding against its archrival, JD Sports Fashion, Sports Direct has won the ...
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News briefs
Golfino, the specialty brand of golf apparel, has issued bonds...
Golfino, the specialty brand of golf apparel, has issued bonds to ensure fresh capital for future growth. Reportedly, the issue was already halted on the first day of the buying period, which was planned until April 3, after the first day brought in €12 million. The bonds have an interest ...
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News briefs
Gordon Merchant, the founder of Billabong International, has bought 2.5...
Gordon Merchant, the founder of Billabong International, has bought 2.5 million new shares of the company to raise his stake from 15.1 percent to 15.8 percent. The company had been in talks about a takeover with the private equity group TPG, though the talks ended in February. Merchant's new, bigger ...
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News briefs
The creditors of Asolo approved last March 15 a settlement...
The creditors of Asolo approved last March 15 a settlement of the company's debts, proposed by the court of Treviso, allowing the Italian company to get out of bankruptcy protection proceedings without liquidating any of its remaining assets. The settlement calls for the repayment of between 35 and 100 percent ...
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News briefs
Kanabeach, a French brand of surf-inspired clothing and accessories, has...
Kanabeach, a French brand of surf-inspired clothing and accessories, has been placed in receivership, with the obligation to come up with a reorganization plan within six months. One main reason was apparently the roll-out of an expensive network of company-owned stores. The company already closed three stores and sold its ...
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News briefs
New Balance plans to expand its headquarters in Brighton, Massachusetts,...
New Balance plans to expand its headquarters in Brighton, Massachusetts, as part of a new real estate complex that would include a track and field stadium, a hockey rink, retail facilities, several office buildings and even a hotel. The $235 million project would include a new building for New Balance's ...
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News briefs
The entrepreneur Carsten Maschmeyer has increased his share in Mifa...
The entrepreneur Carsten Maschmeyer has increased his share in Mifa by 4 percentage points to 33 percent, making him the largest shareholder of this traditional German bike maker. Maschmeyer started to invest in Mifa last October. Another member of the executive board, Peter Wicht, raised his share to 30 percent. ...
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News briefs
John Fentener van Vlissingen, one of the wealthiest men in...
John Fentener van Vlissingen, one of the wealthiest men in the Netherlands, has acquired a stake of 5.19 percent in Accell Group, the Dutch company that owns a dollop of bicycle brands from Batavus to Hercules, Koga, Lapierre and many more. The Fentener van Vlissingen family amassed a fortune with ...
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News briefs
Sport Partner reports that the fitness division of Accell Group,...
Sport Partner reports that the fitness division of Accell Group, the Dutch bicycle and fitness equipment company, has changed its name to Tunturi Fitness, after the Finnish brand that forms the largest share of its fitness equipment sales. The unit was previously called Accell Fitness Division. The company's managers told ...
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News briefs
Li & Fung, the Hong Kong-based sourcing behemoth, said that...
Li & Fung, the Hong Kong-based sourcing behemoth, said that Bangladesh moved ahead of Vietnam and Indonesia to become its second-largest production base last year. Bangladesh improved its apparel production, while rising costs in Vietnam made it harder for the country to compete for low-cost orders. China remains the biggest ...
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News briefs
Amer Sports will apply for a listing on Helsinki's Nasdaq...
Amer Sports will apply for a listing on Helsinki's Nasdaq of two new series of euro-denominated bonds worth a total of €150 million, which have been allocated to more than 50 investors. One €50 million bond carries a floating rate and matures on March 6, 2014. The other €100 million ...
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News briefs
Paul Fireman, the former chief executive and major shareholder of...
Paul Fireman, the former chief executive and major shareholder of Reebok, has reportedly agreed to sell his golf country club in Mashpee, Massachussets, to another company in the state at an unspecified price. He had bought the club at a public auction in 1991. He tried to sell it in ...
