More corporate news – Page 145
-
News briefs
The Odlo Sports Group is investing massively in its European...
The Odlo Sports Group is investing massively in its European logistics and manufacturing facilities: The Swiss brand will bundle its central logistics and the administration of its German operations at a modern new site of more than 26,000 square meters in Brüggen, Germany. Construction will start in March 2012, and ...
-
News briefs
Billabong International has taken 100 percent control over Surfection, a...
Billabong International has taken 100 percent control over Surfection, a retailer based in Sydney that had been run as part of a joint venture between Billabong and interests associated with another retailer, Chris Athas. Billabong issued 1.06 million new ordinary shares at 3.72 Australian dollars (€2.71-$3.59) apiece to raise funds ...
-
News briefs
Nike's Sustainable Business & Innovation Lab is setting up a...
Nike's Sustainable Business & Innovation Lab is setting up a venture capital operation that will look for and fund alternative energies and better business practices. Bloomberg has reported that SBI will invest money in startup businesses that develop sustainable practices or that help promote more healthful living. The SBI was ...
-
Short stops
Asolo denies a rumor according to which the company would...
Asolo denies a rumor according to which the company would be taken over by Oxylane, the French retail giant that owns Décathlon
-
Short stops
Head has reported the buyback of 2,028,917 ordinary treasury shares,...
Head has reported the buyback of 2,028,917 ordinary treasury shares, representing 2.2 percent of the company's issued capital
-
News briefs
Timberland has taken over the distribution in Greece, following the...
Timberland has taken over the distribution in Greece, following the financial problems of its former partner there, Ridenco, which were apparently caused by the difficult economic and financial situation in the country. Two other brands, Nautica and La Martina, have also terminated their agreements with the Greek group. Timberland's office ...
-
News briefs
Head NV and HTM Sport, a subsidiary of Head, announce...
Head NV and HTM Sport, a subsidiary of Head, announce that, on Oct. 21, they expect to redeem in full their outstanding senior secured notes due in 2012. The total redemption price for the notes is expected to be €29.4 million: the principal amount of €28.8 million and accrued and ...
-
News briefs
Platou Sport, the only independent outdoor retail chain in Norway,...
Platou Sport, the only independent outdoor retail chain in Norway, has been bought out by its managers. In two separate transactions, Henrik Platou, whose grandfather established the company in Bergen, sold all his remaining shares in the two companies that own the six Platou stores (more in The Outdoor Industry ...
-
Short stops
Jochen Zeitz, the former chief executive of Puma who now...
Jochen Zeitz, the former chief executive of Puma who now runs the sport and lifestyle segment of PPR, has disposed of 4,500 Puma shares, currently worth a little over €1 million, according to an announcement on voting rights released by the German company
-
Short stops
Billabong has completed its acquisition of Surfection, an Australian retailer,...
Billabong has completed its acquisition of Surfection, an Australian retailer, in exchange for Billabong shares
-
News briefs
JJB Sports is going to hold a general meeting to...
JJB Sports is going to hold a general meeting to approve an Equity Incentive Plan that is designed to encourage the company's directors and senior managers to execute JJB's ongoing turnaround plan successfully. The plan would award Mike McTighe, Keith Jones, Dave Williams and David Adams, as well as a ...
-
News briefs
Kesko has concluded its acquisition of 12 Intersport stores in...
Kesko has concluded its acquisition of 12 Intersport stores in Russia and plans to acquire 24 more by the end of this year. As planned, the Finnish retail conglomerate has set up a new Russian company in which it holds an 80 percent stake. The balance is owned by the ...
-
News briefs
Canadian Tire has completed the acquisition of Forzani Group through...
Canadian Tire has completed the acquisition of Forzani Group through a subsidiary called FGL Acquisition, taking the company out of the Toronto stock exchange. It has also appointed a new management for FGL led by Michael Medline. The former chief executive of Forzani, Bob Sartor, is leaving, and its former ...
-
News briefs
Collective Brands, the U.S. company that owns Saucony and many...
Collective Brands, the U.S. company that owns Saucony and many other brands and various retail operations, said it will review its strategic and financial alternatives, indicating that it may want to sell some of its assets. Combined with a statement about the closure of many stores, the announcement sent the ...
-
News briefs
A U.S. company called Compass Diversified Holdings has agreed to...
A U.S. company called Compass Diversified Holdings has agreed to pay $257.5 million for a stake of 89.9 percent in the holding company of Camelbak, the leading supplier of portable hydration equipment for cyclists, hikers and other athletes. The price is based on an enterprise value of $245.0 million and ...
-
News briefs
Bushnell Outdoor Products has bought Night Optics USA, a provider...
Bushnell Outdoor Products has bought Night Optics USA, a provider of night vision and thermal technologies based in Huntington Beach, California. Bushnell, which makes sport optics, premium eyewear and outdoor accessories, said that the acquisition would help enhance its product portfolio for the law enforcement, military and security markets. Terms ...
-
News briefs
Descente has become the largest single shareholder of Musin Garment,...
Descente has become the largest single shareholder of Musin Garment, a longtime supplier of its products in Taiwan, which makes outdoor, golf and casual clothing. The Japanese company has bought a 15 percent stake in the publicly traded manufacturer for 600 million yen (€5.5m-$7.8m). It will consider raising this stake ...
-
News briefs
Anta, the Chinese footwear brand, plans to invest in a...
Anta, the Chinese footwear brand, plans to invest in a new production facility for leather footwear in Shangqiu, a city in Henan province. The company will put more than $150 million toward the project. Shangqiu, which has a population of 7.5 million and is a central hub for several railway ...
-
News briefs
Deckers Outdoor Corporation has entered into a new $200 million...
Deckers Outdoor Corporation has entered into a new $200 million secured revolving credit facility that contains a $50 million sublimit for the issuance of letters of credit and a $5 million sublimit for swingline loans. The company has the option to increase the maximum principal amount available under the credit ...
-
News briefs
Jack Wolfskin has ambitious financial goals for this year. The...
Jack Wolfskin has ambitious financial goals for this year. The company is going back into the Canadian market and opening a new store in France (more in The Outdoor Industry Compass).
