More corporate news – Page 141
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Short stops
Peter Wolf, a former head of Karstadt's sporting goods operations...
Peter Wolf, a former head of Karstadt's sporting goods operations who acquired a stake in the Golf House retail chain in 2010, is said to have invested in Kaiorize, a celebrity product placement agency with offices in Germany and the U.S.
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News briefs
Acting through its holding company, Edizione Holding, the Benetton family...
Acting through its holding company, Edizione Holding, the Benetton family is proposing to take Benetton Group private by offering €276.6 million, or €4.60 a share for the 32.92 percent stake it doesn't own. The price represents a premium of 15 percent above the stock market quotation of €3.98 on the ...
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Giorgio Armani is serious about the sporting goods sector. EA7,...
Giorgio Armani is serious about the sporting goods sector. EA7, the division of the Italian fashion house that handles seven sports categories in this segment, became an independent business unit within the company last year, with a staff of about 80 people, compared with only 30 two years ago. The ...
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Foot Locker has amended and restated its credit agreement so...
Foot Locker has amended and restated its credit agreement so that it provides for a five-year asset-based revolving credit facility with an initial availability of $200 million. During the term of the agreement, Foot Locker can ask for addition credit commitments up to four times, not to exceed $200 million ...
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Reuters says that Gary Balter, an analyst for Credit Suisse,...
Reuters says that Gary Balter, an analyst for Credit Suisse, has informed Amazon.com investors that the company's Quidsi unit may be setting up a dedicated sporting goods retail business. Apparently Amazon and Quidsi have posted job openings online for positions in a new sports and activities business and an “Outdoor ...
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Amer Sports has decided to cancel 3,000,000 own shares, representing...
Amer Sports has decided to cancel 3,000,000 own shares, representing 2.5 percent of the company's equity. After the cancellation, Amer will have a total of 118,517,285 outstanding shares, including 1,012,125 treasury shares. Separately, the Finnish group has confirmed that it will redeem €60 million worth of hybrid bonds issued in ...
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News briefs
A top executive of Helly Hansen firmly denied British newspaper...
A top executive of Helly Hansen firmly denied British newspaper reports that it was in final talks for the sale of the company. Since the Norwegian ski, sailing and outdoor brand's performance started improving sharply, Helly Hansen's owner, the Altor private equity fund, has been holding discussions with several interested ...
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Skechers and Wolverine World Wide are reported to be interested...
Skechers and Wolverine World Wide are reported to be interested in the possible acquisition of some of the assets of Collective Brands, such as Saucony, Stride Rite and Sperry Top-Sider. They are the best performing brands of the group, whose results have been dragged down by Payless ShoeSource, a big ...
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The discussions about KKR's possible purchase of Pacific Brands, the...
The discussions about KKR's possible purchase of Pacific Brands, the struggling Australian clothing manufacturer, have reportedly stalled. The talks were in just the preliminary stages, and some speculate that KKR, a private equity firm, is waiting for Pacific's first-half financial results to be released on Feb. 24.
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Pryde Group, the majority shareholder of the NeilPryde, JP Australia...
Pryde Group, the majority shareholder of the NeilPryde, JP Australia and Cabrinha water sports equipment brands, is moving further into the stand-up paddle (SUP) market with the acquisition of Imagine Surf, which is well-established in this hip category. Imagine Surf was set up in Canada in 2002 but two years ...
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Li Ning is planning to issue a series of convertible...
Li Ning is planning to issue a series of convertible bonds worth a total of 750 million renminbi (€87.5m-$115m) to a private equity firm, TPG & GIC Investor. The bonds will carry annual interest of 4 percent and an initial price of Hk7.74. They are set to be redeemed five ...
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News briefs
OnTheSnow, the U.S. online and mobile platform owned by Mountain...
OnTheSnow, the U.S. online and mobile platform owned by Mountain News Corp., has acquired Skiinfo, a European website created in Oslo in 1996. With an audience of 11 million unique visitors in 2011, Skiinfo has become the biggest provider of information on snow conditions in Europe. It has offices in ...
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Intersport Sweden, the leading buying group for sports retailers in...
Intersport Sweden, the leading buying group for sports retailers in the country, has put off far-reaching plans to take over all of its members, according to Sportfack. Intersport Sweden intended to acquire a 91 percent stake in each of the nearly 90 retail companies running 153 Intersport stores in the ...
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Metro Group has put an end to negotiations with potential...
Metro Group has put an end to negotiations with potential buyers of its department store chain Galeria Kaufhof along with its Sportarena chain. Olaf Koch, the group's chief executive, explained that the situation on the financial markets does not create the appropriate environment for such a transaction. The preliminary figures ...
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Pacific Brands is holding talks with KKR after this buyout...
Pacific Brands is holding talks with KKR after this buyout company made an unsolicited bid to buy the Australian company. Pacific Brands has the rights to the Everlast, Clarks and Bonds brands in Australia, and has been struggling of late, with sales down by 7.3 percent to US$1.65 billion in ...
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Nike is set to group all its employees at various...
Nike is set to group all its employees at various offices in Shanghai into a large new 54,600-square-meter campus that will become its head office for Greater China in 2014. Located in the Yangpu District between the city's two major airports, it will consist of up to three office buildings ...
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Head is relocating its U.S. office from Norwalk, Connecticut to...
Head is relocating its U.S. office from Norwalk, Connecticut to Boulder, Colorado to be closer to snow sports retailers and to increase its focus on U.S.-based design, product development and pricing for its winter line. It will be assisted in this process by sponsored athletes such as Simon Dumont, Bode ...
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Power Balance Performance Technology, the supplier of the famous wristbands...
Power Balance Performance Technology, the supplier of the famous wristbands popularized by professional athletes, will be allowed to exit bankruptcy protection with through a new company set up by its new owner, Power Balance Technologies. Denny Barge is the chairman of the new company. The new owner was an early ...
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Giant Bicycles plans to invest more in manufacturing rims for...
Giant Bicycles plans to invest more in manufacturing rims for bicycles, e-bikes and motorcycles this year. Through its subsidiary Giant Light Metal Technology, the company started shipping motorcycle rims in the second half of last year and expects orders to grow in 2012. It is putting €5.2-7.8 million into the ...
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Brown Shoe Company has closed the Chinese factory that was...
Brown Shoe Company has closed the Chinese factory that was part of its acquisition of American Sporting Goods, parent company of Proged and other brands. The plant employed more than 5,000 people some time before ASG's purchase. Recent restructuring measures such as the sale of And 1 and the licensing ...
