More corporate news – Page 81
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News briefs
Invista's apparel and advanced textiles (A&AT) division has signed a...
Invista's apparel and advanced textiles (A&AT) division has signed a memorandum of understanding to build a new textile innovation center in Foshan, China. The facility will feature textile processing equipment for knitting and weaving as well as equipment for garment engineering, analytic testing and fabric certification. It will also include ...
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News briefs
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new...
Keola, the Dutch manufacturer of e-bikes, has inaugurated a new 5,500-square-meter production facility in Roosendaal, in the southern part of the Netherlands, as well as a new sales office and warehouse in Denmark. The new factory in Roosendaal will allow Keola to increase its production tenfold compared with the current ...
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WakaWaka, a Dutch producer of portable solar power banks and...
WakaWaka, a Dutch producer of portable solar power banks and solar-powered lights that we have already talked about in our Outdoor Industry Compass, is the first B Corporation to be offering shares through a Dutch financing platform for small and medium enteprises, hoping to raise €2.5 million. B Corporations are ...
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News briefs
Ibex, an American brand that was generating annual sales of...
Ibex, an American brand that was generating annual sales of about $20 million from its merino wool performance apparel, has found a new owner for its assets, following an auction launched in January. Ibex is now a property of Flour Fund, a New York-based investment fund led by a marketing ...
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News briefs
ABS Protection has moved from Gräfeling to the Schwabing section...
ABS Protection has moved from Gräfeling to the Schwabing section of Munich, where it will reportedly exploit synergies with other sports brands in the same building. Felix Neureuther, the German ski star, is a shareholder in the German manufacturer of avalanche airbags.
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Petri Kokko, a former general manager of Nike Finland who...
Petri Kokko, a former general manager of Nike Finland who is now running Google's operations in Germany, has become the 7th member of Amer Sports' board of directors
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News briefs
Chervò has acquired a 95 percent stake in Chervò USA,...
Chervò has acquired a 95 percent stake in Chervò USA, a sign of the new focus of the Italian golf and sportswear brand on the largest consumer market in the world. The U.S. is also the world's largest golf country, with more than 20 million players. The remaining 5 percent ...
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News briefs
Asics has announced the opening of a new innovation hub...
Asics has announced the opening of a new innovation hub at its headquarters in Barcelona. The new center is to attract and support European start-ups focusing on sports and wellness. The center will concentrate on the development of new products and services with the aim of enhancing the end-user experience. ...
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News briefs
Kathmandu, the New Zealand outdoor brand and retailer, has agreed...
Kathmandu, the New Zealand outdoor brand and retailer, has agreed to take over Oboz Footwear, the U.S. outdoor footwear brand, for $60.0 million in cash and an earn-out of up to $15 million, as a means to expand its footwear and international sales. Established in Montana in 2007, Oboz generates ...
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News briefs
Two shareholders of Billabong International, Rider Capital and Adam Smith...
Two shareholders of Billabong International, Rider Capital and Adam Smith Asset Management, have voiced their opposition to the proposed sale of the company to Boardriders. Together they hold 15.4 percent of the company's shares. Billabong's founder, Gordon Merchant, has already approved the terms of the transaction, but the other shareholders ...
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News briefs
Trerè Innovation, which has lost a contract for the production...
Trerè Innovation, which has lost a contract for the production of X-Bionic garments and X-Socks socks and their distribution in Europe, has found a new client. Replay, the Italian denim brand, has agreed to license its socks and underwear products to the Italian knitter on a global scale, generating annual ...
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Marcato Capital Markets has sold its 8.5% stake in Deckers...
Marcato Capital Markets has sold its 8.5% stake in Deckers Brands following its failure to obtain support for its proxy fight against the current management
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Article
More innovation at Ispo
The problem with surfing is having to wait for a decent swell. A backyard tinkerer, Markus Schilcher, removed the wave variable from the equation by creating WaterWolf, an electric-powered surfboard that can hit speeds of 30km/h and can also be used in lakes and rivers. The product was unveiled at ...
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News briefs
X-Technology has announced a long-term partnership with Intersocks for the...
X-Technology has announced a long-term partnership with Intersocks for the production of its technical X-Socks line, effective with deliveries in January 2019, following the termination of its collaboration with Trerè Innovation for the production and sale of that line and the X-Bionic collection of sports garments. As reported in our ...
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News briefs
Moody's has downgraded its rating of Boardriders' $450 million senior...
Moody's has downgraded its rating of Boardriders' $450 million senior secured term loan to a highly speculative level of B3. The loan will allow the parent company of Quiksilver to finance its acquisition of Billabong International and pay down debt. Moody's praised the terms of the deal but said it ...
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News briefs
The proxy fight around Newell Brands is heating up, with...
The proxy fight around Newell Brands is heating up, with Starboard Value nominating two additional directors to a full slate that it is proposing for election at the company's annual meeting. The hedge fund's statement came after the company announced on Feb. 22 a “refreshment” of its board of directors, ...
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Asics America has opened a Creation Studio in Boston...
Asics America has opened a Creation Studio in Boston
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Amer Sports' board of directors has decided to transfer a...
Amer Sports' board of directors has decided to transfer a total of 200,071 Amer shares today to the personnel participating in its 2013 and 2016 Performance Share Plans and its 2016 Restricted Stock Plan
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The number of shares in the Swedish-based Thule Group has...
The number of shares in the Swedish-based Thule Group has declined by 1,135,696 to 103,208,606 following the exercise of warrants by nine individuals including the company's chief executive, Magnus Welander, and its chairman, Stefan Jacobsson (more in our Outdoor Industry Compass)
