More corporate news – Page 68
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News briefs
Puma is reorganizing the business structure of Austria Puma Dassler,...
Puma is reorganizing the business structure of Austria Puma Dassler, the head office for Eastern Europe, the Middle East and Africa, located in Salzburg, Austria. The new structure will take effect on Jan. 1, 2020. Austria Puma Dassler has been handling all purchasing for Puma's subsidiaries in the three regions, ...
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Columbia Sportswear has purchased three buildings from Electro Scientific Industries...
Columbia Sportswear has purchased three buildings from Electro Scientific Industries (ESI), a firm specialized in laser applications. All lie within a quarter-mile of Columbia's current headquarters in Washington County, Oregon, and will expand it. The additional 200,000 square feet of space are costing about $33 million. The first building should ...
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Short stops
Fitbit is said to be looking for a new investor,...
Fitbit is said to be looking for a new investor, and one of the potential candidates is said to be Google
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Short stops
Wahoo Fitness has acquired Speedplay, a maker of high-performance bicycle...
Wahoo Fitness has acquired Speedplay, a maker of high-performance bicycle pedals based in San Diego, California
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The Signa Group, whose holdings in the sports retail sector...
The Signa Group, whose holdings in the sports retail sector include Karstadt Sports and numerous web stores, has reported a total capital increase of €1.2 billion. New equity of €700 million has been injected by existing shareholders. Furthermore, its largest subsidiary, Signa Prime Selection, which is the main real estate ...
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Mascot Bidco Oy, the investment consortium led by Anta Sports...
Mascot Bidco Oy, the investment consortium led by Anta Sports Products, reports that it has gained title to all the shares in Amer Sports through the redemption of those that had not been tendered already. The stock was de-listed from the Nasdaq Helsinki exchange on Aug. 23.
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Dennis James “Chip” Wilson's investment in China's Anta Sports Products...
Dennis James “Chip” Wilson's investment in China's Anta Sports Products has paid off handsomely. The billionaire founder of Lululemon had paid $100 million to buy a 0.59 percent stake in the big and fast-growing Chinese company in May 2018. Shares in the Chinese company have risen strongly since then, along ...
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Arena has announced the acquisition of the global trademark rights...
Arena has announced the acquisition of the global trademark rights for Diana, a less well-known Italian brand of swimwear founded in 1947. Diana started off with lingerie and began to produce swimwear in 1955. It created the first swimsuits and accessories for water polo. It subsequently introduced one-piece swim suits ...
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Bollé Brands has acquired the Spy Optica brand of action...
Bollé Brands has acquired the Spy Optica brand of action sports eyewear. The terms of the takeover were not disclosed. Founded in Southern California in 1994, Spy went public but struggled for a while. Bollé Brands is the new company founded after the acquisition of Bollé, Serengeti, Cébé and H2Optics ...
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News briefs
Nike has inaugurated a new European distribution center in Ham,...
Nike has inaugurated a new European distribution center in Ham, Belgium, that is entirely powered by renewable energy. Called the Court, it uses state-of-the-art technology that should help accelerate deliveries of online orders directly to consumers. Measuring 1.5 million square feet, it uses wind, solar, geothermal, hydroelectric and biomass energy. ...
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News briefs
Nike has announced that it will name the newest building...
Nike has announced that it will name the newest building in the expansion of its world headquarters in Beaverton after LeBron James, the NBA legend, two-time Olympic gold medalist and a Nike athlete since 2003. It is the sixth new building at the company's world campus since it started an ...
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Wolverine Worldwide's board has approved a share repurchase program which...
Wolverine Worldwide's board has approved a share repurchase program which will return $400 million to shareholders over the next four years. The footwear group said it will repurchase shares as appropriate and in compliance with any restrictions contained in the company's credit agreements.
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Mike Ashley, chief executive and majority shareholder of Sports Direct...
Mike Ashley, chief executive and majority shareholder of Sports Direct International, reportedly managed to get all resolutions passed at the company's annual general meeting last week, where the media were banned from attending. He refused to accept an independent review of corporate governance as all the major auditing firms have ...
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News briefs
The Alibaba Group's charismatic founder and chairman, Jack Ma, has...
The Alibaba Group's charismatic founder and chairman, Jack Ma, has retired at the age of 55. Ma, who founded the Chinese online giant 20 years ago, plans to spend more time on philanthropy and education, and with his family. Daniel Zhang, the company's chief executive, will take over the chairman's ...
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Cole Haan, the American footwear brand sold by the Nike...
Cole Haan, the American footwear brand sold by the Nike group to Apax Partners in 2013, is readying a public offering on the stock exchange, according to Bloomberg. The news agency reported that the company's revenues rose by 14 percent to €687 million in the financial year ended in June ...
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Toru, an autonomous robot that Zalando is using to pick...
Toru, an autonomous robot that Zalando is using to pick shoe boxes from the shelves of its warehouses, has completed its test phase at the German e-tailer's logistical hub in Erfurt, Germany. Next up are a pilot phase at the company's warehouse in Lahr and, if that is successful, deployment ...
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Zalando is launching a four-week pilot project to introduce reusable...
Zalando is launching a four-week pilot project to introduce reusable packaging for its customer deliveries. The Berlin-based online retailer will ship deliveries to 10,000 customers in Finland, Norway, Sweden and Denmark in envelopes that can be used for shipments as well as returns in a bid to reduce packaging waste ...
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News briefs
Columbia Sportswear has purchased three buildings from Electro Scientific Industries...
Columbia Sportswear has purchased three buildings from Electro Scientific Industries (ESI), a firm specialized in laser applications. All lie within a quarter-mile of Columbia's current headquarters in Washington County, Oregon, and will expand it. The additional 200,000 square feet of space are costing about $33 million. The first building should ...
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News briefs
Hestra, the Swedish maker of sports gloves, has doubled its...
Hestra, the Swedish maker of sports gloves, has doubled its headquarters in the U.S. by relocating to a new building in Arvada, Colorado. The premises measure 32,000 square feet and host the company's corporate offices, warehouse and U.S. showroom, which can display more than 400 models of gloves. The building ...
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News briefs
AG Motors has inaugurated a factory for aluminum bicycle frames...
AG Motors has inaugurated a factory for aluminum bicycle frames – Europe's second such facility – in the Polish city of Podgrodzie. According to Bike Europe, this makes the 10-year-old company the first producer able to manufacture a complete aluminum frame in a single uninterrupted welding process, thanks to developments ...
