More corporate news – Page 72
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News briefs
Anta Sports Products has announced that it has been selected...
Anta Sports Products has announced that it has been selected as a constituent stock of the Hang Seng China Enterprise Index, starting on June 17. The benchmark index includes the major Chinese companies on the exchange that has the biggest market capitalization and the highest liquidity. Furthermore, Anta was recently ...
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News briefs
VF Corp. will become almost entirely an active lifestyle and...
VF Corp. will become almost entirely an active lifestyle and workwear company with an annual turnover of around $11 billion following the approval by its board of directors of the spin-off of its two jeans brands, Lee and Wrangler, into a new company called Kontoor Brands. VF's shareholders will get ...
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News briefs
Jean-Philippe Torgue has set up his own consultancy, called Akuna,...
Jean-Philippe Torgue has set up his own consultancy, called Akuna, after collecting 25 years of experience in brand-building. He was a senior executive at major companies including VF Corp. and Amer Sports before setting up a European office for Phenix in 2017. He left the operation after a year and ...
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News briefs
Deporvillage, the Spanish sports e-tailer, has launched its own cycling...
Deporvillage, the Spanish sports e-tailer, has launched its own cycling brand and will be its exclusive vendor. It is called Finisseur – the term for a cyclist who performs his team's final sprint – and its slogan is “Never look back.” The brand consists of more than 50 technical items: ...
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News briefs
Decathlon has announced the opening of a new logistics center...
Decathlon has announced the opening of a new logistics center in León, Spain, in the industrial estate of Villadangos del Páramo. The 32,645-square-meter facility, which has a distribution capacity of more than 25 million sporting items per year, will be serving the 37 Decathlon stores located in the north of ...
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News briefs
Sports Direct's warehouse in Wigan, Greater Manchester, will close on...
Sports Direct's warehouse in Wigan, Greater Manchester, will close on June 13, according to reports by the Press Association, causing the loss of around 300 jobs. The decision is believed to be linked to the expiration of a lease. The employees in the Wigan facility mostly pack goods for national ...
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News briefs
Vibram is celebrating the 10th anniversary of the Vibram Technological...
Vibram is celebrating the 10th anniversary of the Vibram Technological Center (VTC) in Guangzhou, China. The facility is an innovation hub where the Italian brand studies innovative compounds and technologies and creates prototypes of new products prior to launching them on the market. The VTC staff operates in close synergy ...
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Short stops
Finch Designs, the swimwear brand founded in 2010 by Itee...
Finch Designs, the swimwear brand founded in 2010 by Itee Soni and Heather Kaye, has announced that it will change its name to Loop Swim
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Descente is planning to close its North American skiwear subsidiary...
Descente is planning to close its North American skiwear subsidiary by March 31, 2020: that is, by the end of its current fiscal year
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News briefs
Rapala VMC Corp. said it will redeem a hybrid bond...
Rapala VMC Corp. said it will redeem a hybrid bond of €25 million issued on May 31, 2017, which is not convertible. It has also signed new bilateral, unsecured financing agreements for a total nominal amount of €51 million with Nordea Bank and OP Corporate Bank, with covenants based on ...
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News briefs
As part of its ongoing “creating the new” program, the...
As part of its ongoing “creating the new” program, the Adidas Group has completed the final building, called Arena, at its “World of Sports” headquarters in Herzogenaurach, Germany. Resembling a football stadium suspended in the air, the Arena will provide about 2,000 employees with 52,000 square meters of office space ...
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News briefs
According to the Evening Standard, Nike will be moving its...
According to the Evening Standard, Nike will be moving its head office for the U.K. to more spacious quarters. Currently occupying 3,252 square meters on Wardour Street in London's Soho neighborhood – near its flagship store on Oxford Street – the company has now leased more than 5,574 square meters ...
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News briefs
Shimano has opened a sort of testing ground for consumers...
Shimano has opened a sort of testing ground for consumers in Valkenburg, in the Limburg province of the Netherlands. The so-called Shimano Experience Centre offers a fishing lake, a 100-room hotel, a fitness center, a product showcase, conference rooms and a food court. It is open to the public seven ...
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Short stops
Chervò has opened a new 3,100-square-foot U.S. office and showroom...
Chervò has opened a new 3,100-square-foot U.S. office and showroom in North Palm Beach, Florida
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News briefs
The takeover of Amer Sports by the Mascot Bidco consortium...
The takeover of Amer Sports by the Mascot Bidco consortium headed up by Anta Sports Products is making progress. Mascot Bidco has struck a seven-year inter-company financing agreement for €1,236 million involving a term loan of about €921 million for the refinancing of existing debts and a revolving credit facility ...
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News briefs
Descente, the Japanese sportswear company, has fended off a hostile...
Descente, the Japanese sportswear company, has fended off a hostile takeover from its largest shareholder, the Japanese conglomerate Itochu. As per a new power-sharing agreement, Descente's board of directors will be reconstituted, with Descente and Itochu each appointing two directors from within their ranks and confirming two independent directors from ...
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News briefs
Hype Sports Innovation, the sports-industry incubator, is launching Hype Capital,...
Hype Sports Innovation, the sports-industry incubator, is launching Hype Capital, a $75 million investment fund for sports-industry “unicorns,” or start-ups valued at over $1 billion, especially those with a focus on artificial intelligence, virtual reality and performance analytics. Two veterans of Adidas are taking part in the project. One is ...
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News briefs
Garmin has completed the acquisition of Tacx Onroerend en Roerend...
Garmin has completed the acquisition of Tacx Onroerend en Roerend Goed. The Dutch company develops and makes indoor bike training software and applications as well as indoor bike trainers, tools and accessories.
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News briefs
Lacoste has announced a plan to expand its current logistics...
Lacoste has announced a plan to expand its current logistics center in Troyes, in north-central France, to make it its future European logistics hub. A new building, called NEW – the acronym for New European Warehouse – will bring the area of the logistics platform up from the current 18,000 ...
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Short stops
Lululemon's board of directors has approved a new stock repurchase...
Lululemon's board of directors has approved a new stock repurchase program for up to $500 million in the open market
