More corporate news – Page 80
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News briefs
Puma formally exited the Kering group earlier this week, with...
Puma formally exited the Kering group earlier this week, with the distribution of Puma shares to Kering shareholders. The distribution ratio amounted to one Puma share for 12 Kering shares held, and the payment date was May 16. Puma's opening share price on the day was €429.0 but the company's ...
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News briefs
Newell Brands plans to divest Pure Fishing, a division of...
Newell Brands plans to divest Pure Fishing, a division of the former Jarden Corporation that groups numerous brands including Berkley, Abu Garcia, Penn and Shakespeare, joining Rawlings on the selling block. It will also seek a buyer for Jostens. This means that it is likely to retain Coleman, Marmot and ...
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News briefs
Meridia Private Equity, an investment fund created in 2006 by...
Meridia Private Equity, an investment fund created in 2006 by Javier Faus, a former manager of FC Barcelona, has acquired a significant minority stake in Fútbol Emotion, a Spanish chain of football stores, to help it to expand in Spain and abroad. Founded in 2002, Fútbol Emotion has just opened ...
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Short stops
Nike has completed the transfer of its Spanish subsidiary from...
Nike has completed the transfer of its Spanish subsidiary from El Prat de Llobregat to a 4,300-square-meter office with more technical features in downtown Barcelona
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News briefs
Calderon Sport, which was for many years the leading sporting...
Calderon Sport, which was for many years the leading sporting goods retailer in the region of Madrid, is moving toward the liquidation of its remaining stores and its online shop, according to CMD Sport. The company, which had more than 30 stores ten years ago, was founded by the Calderon ...
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News briefs
Surfstitch Australia, the online retailer specializing in action sports products,...
Surfstitch Australia, the online retailer specializing in action sports products, has been taken over by an entity of the Alceon Group, a private equity firm. The offer was approved by creditors of the Surfstich Group at a meeting early last month. Alceon already owns Ezibuy, an online retailer of clothing ...
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News briefs
Bench has fallen into administration, a procedure under the British...
Bench has fallen into administration, a procedure under the British legislation which is similar to bankruptcy in the U.S. In a statement, the fashion retailer said that the move will also affect the German service entities of Bench in Munich. Among the factors that led to the filing, the company ...
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News briefs
Adidas has started serial production of its AM4NYC running shoe...
Adidas has started serial production of its AM4NYC running shoe at its Speedfactory in Atlanta. The shoe, whose name stands for Made for New York City, became available in the U.S. at retail on April 27. As previously reported, the company's American facility and its German Speedfactory in Ansbach are ...
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News briefs
About 200 people moved into Adidas France's new head office...
About 200 people moved into Adidas France's new head office last month, in the business district of Strasbourg-Archipel, across from the European Parliament. The office has been transferred there from Landersheim, a small village in the Alsace where Adidas France was built up by Horst Dassler from 1973, after a ...
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News briefs
La Fabrique du Ski has raised €320,000, with a contribution...
La Fabrique du Ski has raised €320,000, with a contribution of 53 percent from private investors and 47 percent from a regional French banking entity, the Crédit Agricole Sud Rhône Alpes. Christian Alary, who created the company in 2014, remains the majority shareholder. A former executive at Rossignol and Decathlon, ...
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News briefs
The Authentic Brands Group (ABG) has completed its acquisition of...
The Authentic Brands Group (ABG) has completed its acquisition of Nautica from VF Corporation. It is now its biggest brand, with an annual turnover of nearly $1 billion. The group already owns brands such as Prince, Spyder, Vision Street Wear and Juicy Couture.
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News briefs
The Sports Edit has secured £1 million (€1.14m-$1.37m) in a round...
The Sports Edit has secured £1 million (€1.14m-$1.37m) in a round of investment led by new backers including Justin King, Sue Watson and Ric Lewis, adding to existing investors. King is the former chief executive of Sainsbury's, while Watson is the owner of Lyle & Scott, and Lewis is the founder ...
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News briefs
GoPro's depressed share price took a jump after reports that...
GoPro's depressed share price took a jump after reports that a Chinese rival, Xiaomi, may make an offer for the company. Xiaomi, a big Chinese company that makes smartphones, mobile devices, laptops and other consumer electronics, is a minority shareholder of Yi Technology, which makes action cameras that are much ...
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News briefs
Amer Sports has restated its 2017 results based on new...
Amer Sports has restated its 2017 results based on new IFRS accounting rules. Revenues were increased by €24.1 million to €2,709.3 million, with increases of €3.8 million for Outdoor, €5.8 million for Ball Sports and €14.5 million for Fitness. Net income for the year was adjusted down by €0.4 million ...
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News briefs
Kevin Plank, founder and chief executive of Under Armour, had...
Kevin Plank, founder and chief executive of Under Armour, had his annual salary cut to $2 million last year from $8.6 million in 2016 because of the company's worse-than-expected performance. He has also given up a stock-based compensation of about $2 million.
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News briefs
VF Corp. has completed the acquisition of Icebreaker, which had...
VF Corp. has completed the acquisition of Icebreaker, which had sales of about $220 million last year. It plans to combine the brand with Smartwool to create a global distribution footprint in the nature fiber market. The plan for the market positioning of the brand has yet to be worked ...
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News briefs
Nike has announced the acquisition of Invertex, a computer vision firm...
Nike has announced the acquisition of Invertex, a computer vision firm based in Tel Aviv, Israel. Nike said the move is part of the ongoing strengthening of its digital technology platforms. The terms of the deal have not been disclosed. Invertex produces mobile applications that can analyze the body in 3-D. ...
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News briefs
Adidas is boosting its plans for the expansion of Adidas...
Adidas is boosting its plans for the expansion of Adidas North America's campus in Portland, Oregon. It will expand it by 425,000 square feet instead of the originally planned 200,000 sqft. extension. Overlooking the Columbus River, the campus currently hosts 1,700 employees squeezed into 365,000 sqft. of office space. It ...
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News briefs
LVMH is going for sneakers. The world's largest luxury goods...
LVMH is going for sneakers. The world's largest luxury goods company is reportedly eyeing a possible investment in Stadium Goods, an exclusive American online retailer for “authenticated” sneakers that has been collaborating with the likes of Supreme and Off-White, the company founded in 2013 by Virgil Abloh, the 37-year-old designer ...
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News briefs
Pou Chen Corp. has cancelled a plan to take Pou...
Pou Chen Corp. has cancelled a plan to take Pou Sheng International private in a deal that values the Chinese distribution and retail company at $1.4 billion due to opposition by its shareholders. Under the original plan, Pou Chen's subsidiary, Yue Yuen Industrial (Holdings), would have sold its 62 percent ...
