More corporate news – Page 146
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VF Corporation got proceeds of about $892 million from the...
VF Corporation got proceeds of about $892 million from the sale of $900 million in notes due in 2013 and 2021 in order to finance its acquisition of Timberland
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The European Commission has approved the purchase of Timberland by...
The European Commission has approved the purchase of Timberland by VF Corporation, paving the way for Timberland to be part of VF's outdoor & action sports coalition when the acquisition is completed, probably before the end of the third quarter
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By autumn 2012, L-Fashion Group is expected to move into...
By autumn 2012, L-Fashion Group is expected to move into a new 11,500-square-meter head office in Helsinki, about five kilometers away from its present location
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Sportmaster, the leading sporting goods retailer in Russia and in...
Sportmaster, the leading sporting goods retailer in Russia and in the rest of the former Soviet Union, and a major wholesaler in the territory, is said to be considering a flotation on the London Stock Exchange sometime in 2012, according to Reuters. Sportmaster could raise between $600 million and $700 ...
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PPR has raised its stake in Puma from 71.6 percent...
PPR has raised its stake in Puma from 71.6 percent to 75.1 percent. Out of the new equity, 1.15 percent of the stock will still be held by Puma.
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Icon Health & Fitness has bought Altra Footwear, a developer...
Icon Health & Fitness has bought Altra Footwear, a developer of minimalist shoes, for an undisclosed amount. Altra Footwear was founded in 2009 by runners, and claims to have created the first “zero-drop” footwear line, meaning that the heel is the same height as the toe. Most running shoes have ...
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VF Corporation has sold $900 million senior unsecured notes in...
VF Corporation has sold $900 million senior unsecured notes in two parts, according to IFR, a Thomson Reuters service. Bank of America Merrill Lynch and JP Morgan Chase were the active bookrunning managers for the sale. According to the report, the issue for $400 million in notes, due Aug. 23, ...
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+++ Jarden Corporation's board of directors has approv ed a...
Jarden Corporation's board of directors has approv ed a new program to repurchase up to $500 million of its equity, after completing a previous plan authorized in November 2007
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Effective Aug. 1, Findos Investor has acquired Maier Sports, the...
Effective Aug. 1, Findos Investor has acquired Maier Sports, the German brand of outdoor and snow wear, along with Gonso, the company’s bike wear brand. Maier Sports was owned by the Maier family, led by Gerhard Maier as managing partner, who will seek retirement probably at the beginning of next ...
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Skechers halved its inventory of toning shoes by selling 2...
Skechers halved its inventory of toning shoes by selling 2 million pairs of original Shape-up models at a $21 million loss. The shoes were predominantly sold to one big account. The company booked an additional charge of $4.4 million on the rest of the stock, comprising less than 2 million ...
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The Acushnet Company is officially out of the Fortune Brands...
The Acushnet Company is officially out of the Fortune Brands family. The golf company has announced that its sale to a consortium led by Fila Korea and Mirae Asset Private Equity was completed on July 29. Acushnet, which owns the Titleist and FootJoy brands, will remain a standalone company and ...
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TaylorMade-Adidas Golf is looking to Asia to aid its plans...
TaylorMade-Adidas Golf is looking to Asia to aid its plans to expand its apparel and footwear business from the current level of $400 million to $700 million in four years. MSNBC.com has reported that John Kawaja, executive vice president for TaylorMade-Adidas Golf, said that Japan in particular would be a ...
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Point6, an American manufacturer of merino wool socks, has announced...
Point6, an American manufacturer of merino wool socks, has announced that it is moving all production from China to the U.S. The company said the move will allow the company to have better control over product development and the quality of the product, while improving inventory management (more in The ...
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Rossignol's management indicates that it is still in preliminary discussions...
Rossignol's management indicates that it is still in preliminary discussions with European antitrust authorities about a project whereby Jarden Corporation and the Macquarie investment group, which currently owns the majority of Rossignol's shares, would share control of the company. While denying rumors of a veto, an executive of Rossignol said ...
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Exel Composites, which went out of the sporting goods business...
Exel Composites, which went out of the sporting goods business a few years ago, has signed a license agreement with E-Sports Group for the use of the Exel trademark in poles for skiing, Nordic Walking and Nordic Blading. E-Sports is a Finnish firm that already licenses the Exel brand name ...
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SRAM is buying itself out of Triatlantic, the private equity...
SRAM is buying itself out of Triatlantic, the private equity firm that invested in the company in 2009, as a prelude to its own planned public offering, which should raise about $300 million in new equity. The big American supplier of bike components obtained new credit facilities totaling $790 million ...
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As part of its decision to focus on its fashion...
As part of its decision to focus on its fashion and living segments, Macintosh Retail Group is seeking a buyer for its Halfords business, which includes bicycles, car and bicycle accessories, and navigation equipment. In September, Macintosh will issue an information memorandum to interested parties, and then choose potential buyers ...
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Bic Sport has sold Takoon, one of the pioneering brands...
Bic Sport has sold Takoon, one of the pioneering brands of kitesurfing, to P&L Design, a company set up and equally owned by two industry veterans, Pierre Engel and Jacques Freydrich. Engel has worked for Tiga and Gaastra in the past. Freydrich has headed up some of Neil Pryde's operation ...
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New Wave Group, the Swedish brands company that owns Craft,...
New Wave Group, the Swedish brands company that owns Craft, Cutter & Buck and several other operations, plans to buy Ahead, an American supplier of headwear and other products. Ahead, for which New Wave will pay $17.4 million, will fall under the auspices of a new subsidiary being set up ...
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Skullcandy, the American supplier of trendy headphones and T-shirts that...
Skullcandy, the American supplier of trendy headphones and T-shirts that are also sold in sporting goods stores, had a successful lunch of its initial public offering. The initial $20 price of its shares on the Nasdaq stock exchange valued the company at $535.6 million after reporting a 66.3 percent sales ...