More corporate news – Page 85
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News briefs
The concentration of European outdoor retailing is continuing apace with...
The concentration of European outdoor retailing is continuing apace with the acquisition of Friluftsland, one of the leading Danish outdoor retailers, by the owner of Globetrotter in Germany, Naturkompaniet in Sweden and Partioaitta in Finland. Just a few weeks after the A.S. Adventure Group bought McTrek in Germany, the Fenix ...
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Short stops
Kettler is looking for a strategic investor, according to SAZ...
Kettler is looking for a strategic investor, according to SAZ
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Short stops
The Adidas Group has closed the €425 million sale of...
The Adidas Group has closed the €425 million sale of TaylorMade, Adams Golf and Ashworth to KPS Capital Partners
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News briefs
Sumitomo Rubber is taking over all the shares it doesn't...
Sumitomo Rubber is taking over all the shares it doesn't own in Dunlop Sport, the Japanese owner of the Dunlop, Srixon, Cleveland Golf and XXIO brands, pulling it from the Tokyo Stock Exchange and forming a new sports division. The product line will be expanded. Sumitomo, which is also a ...
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News briefs
Lacoste has acquired all the assets of the family-owned Basi...
Lacoste has acquired all the assets of the family-owned Basi Group, which has been its Spanish licensee since 1962. The move was described as part of the brand's “premiumization strategy.” The brand has about 100 directly operated stores, franchises, factory outlets and shop-in-shops in the country. In addition to Lacoste, ...
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News briefs
Canada Goose told investors at a conference sponsored by Goldman...
Canada Goose told investors at a conference sponsored by Goldman Sachs that it has strong potential to improve its profit margins in various ways. It can raise its prices, it may buy up some of its Canadian subcontractors or open new plants to supplement the production of its own six ...
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News briefs
Umbro has “a couple of things in the works that...
Umbro has “a couple of things in the works that are pretty substantial going forward,” said Dave Jones, executive vice president and chief financial officer of Iconix Brand Group, at a recent conference organized by CL King. He said the brand is generating sales of about $700 million a year ...
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News briefs
Artemis, the Pinault family's holding company that controls Kering, launched...
Artemis, the Pinault family's holding company that controls Kering, launched a convertible bond offer for €375 million on Sept. 22. Priced at a 35 percent premium over Kering's reference share price, the bonds will bear no interest. They will be redeemed for cash on March 31, 2023, giving the bondholders ...
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News briefs
Rens van de Schoor, a Dutch entrepreneur who previously re-started...
Rens van de Schoor, a Dutch entrepreneur who previously re-started the Miss Etam and Promiss retail concepts, has established an investment vehicle to take over assets of the Doniger Fashion Group. They include Gaastra, the Dutch nautical brand, along with two fashion brands, McGregor and Adam, which had to be ...
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News briefs
Reuters reports that a bank meeting was held at the...
Reuters reports that a bank meeting was held at the head office of Sports Direct International (SDI) earlier this month for lenders, to launch syndication for a loan worth more than £700 million (€796m-$945m). The revolving credit facility will replace an unsecured revolving working capital capacity due to mature in ...
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News briefs
Sky News reports that Endura, a leading British cycling apparel...
Sky News reports that Endura, a leading British cycling apparel supplier, is studying a potential sale after it was approached by several parties that previously attempted to take over the Rapha brand. Rapha was sold last month in a deal that valued the brand at an estimated £200 million (€227m-$269m), ...
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News briefs
Lenzing has opened a new fabric and fiber testing center...
Lenzing has opened a new fabric and fiber testing center in Hong Kong. The Austrian cellulosic fiber producer said the Application Innovation Center is intended to bring it closer to its partners along the value chain in Asia, and to bring more quickly its innovations to its customers. The facility ...
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News briefs
Marcato Capital Management, the activist investor that has been criticizing...
Marcato Capital Management, the activist investor that has been criticizing the management of Deckers Brands and wants it to sell its assets, has come up with a list of ten new executives that it has nominated for seats on the company's board of directors. The board is up for renewal ...
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News briefs
Archroma, a global company specializing in color and specialty chemicals,...
Archroma, a global company specializing in color and specialty chemicals, has announced the acquisition of an additional 26 percent stake in M. Dohmen, an international group specializing in the production of textile dyes and chemicals. The two companies will now operate as partners in serving the textile market, making the ...
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Short stops
Nordea Funds has lowered its stake in Rapala VMC from...
Nordea Funds has lowered its stake in Rapala VMC from 11.07% to 9.93%
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News briefs
After focusing on the tennis-inspired lifestyle apparel market, Lacoste has...
After focusing on the tennis-inspired lifestyle apparel market, Lacoste has invested in tennis hardware by acquiring an 80 percent stake in Major Sports, the parent company of Tecnifibre, which is a big player in the global market for tennis strings. It also sells tennis racquets and balls, the latter through ...
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News briefs
Amer Sports has revised its growth target through 2020, prioritizing...
Amer Sports has revised its growth target through 2020, prioritizing sustainable profitable growth. Instead of a minimum mid-single-digit growth rate on an organic and currency-neutral basis, which would have taken its turnover up to €3.5 billion by 2020, it is now simply aiming for mid-single-digit growth. The group said the ...
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News briefs
Standard Life Aberdeen of Edinburgh and other major independent shareholders...
Standard Life Aberdeen of Edinburgh and other major independent shareholders in Sports Direct International said on Friday that they will vote against the re-election of Keith Hellawell, chairman of the company, and Simon Bentley, one of its directors, at the company's annual meeting scheduled for next Wednesday. They are also ...
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News briefs
Mike Ashley has made a nice capital gain from his...
Mike Ashley has made a nice capital gain from his recent investment in Game Digital as the value of the British video game company's shares rose by more than 50 percent to 37 pence following better-than-expected results and a statement by the management that it will invest in the growing ...
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News briefs
Clarus, the holding company previously registered as Black Diamond, has...
Clarus, the holding company previously registered as Black Diamond, has finally made an acquisition, paying $79 million for a highly profitable U.S. firm, Sierra Bullets, whose proprietary manufacturing process is said to give it the tightest tolerances in the ammunition market. The purchase price is equal to 6.3 times the ...
